secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2021-12-21T23:59:59+00:00
Accession:  0001437749-21-029041
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Optical Cable Q4 net sales up 14.4% to $15.9M; FY 2021 net income $6.6M vs loss $6.1M
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- Q4 net loss $6K ($0.00 per share) vs net loss $406K ($0.06) in Q4 FY2020.
- FY 2021 net sales $59.1M (+7.0% YoY); gross margin expanded to 27.5% from 25.5%.
- FY net income $6.6M ($0.87 per share) includes $5.0M PPP loan forgiveness and $4.3M ERTC.
- SG&A expenses decreased 5.2% to $18.2M due to cost control initiatives.
- Management cites improving customer demand and expects continued recovery from pandemic impacts.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774921029041/0001437749-21-029041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774921029041/occ20211221_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-21-029041

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