secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2022-03-18T23:59:59+00:00
Accession:  0001437749-22-006656
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OCC Q1 net sales up 21.6% to $14.4M; net loss narrows to $0.12/share from $0.29
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- Net sales $14.4M, +21.6% YoY; gross profit $4.0M, +75.2% YoY with margin 28.0%.
- Net loss $936K ($0.12/sh) improved from $2.1M ($0.29/sh) in prior year.
- SG&A expenses rose to $4.8M from $4.3M due to higher employee and sales costs.
- Sales order backlog increasing; supply chain and labor constraints continue affecting production volumes.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774922006656/0001437749-22-006656-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774922006656/occ20220317_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-006656

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