Optical Cable Q3 net sales $15.6M (+14.6% YoY); net income $5.4M vs $1.4M loss

OPTICAL CABLE CORP

Net sales $15.6M, up 14.6% YoY; gross margin improved to 26.2% from 25.5%.
Net income $5.4M ($0.71 EPS) vs net loss $1.4M ($0.20 loss) last year.
Operating loss from ops was $457k; net income benefited from $5.0M PPP loan forgiveness gain and $965k ERTC credit.
SG&A expenses decreased to $4.5M from $4.6M despite higher sales.
Backlog/forward load increased; company optimistic about continued market improvement.

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