secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2021-09-14T23:59:59+00:00
Accession:  0001437749-21-022111
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774921022111/0001437749-21-022111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774921022111/occ20210913_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-022111

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer