Optical Cable reports Q2 net loss of $228K vs net income $3.4M last year; net sales up 9.3% to $17.2M

OPTICAL CABLE CORP

Net loss $228K ($0.03 per share) vs net income $3.4M ($0.45) in prior year Q2.
Net sales $17.2M, up 9.3% YoY; gross profit $5.0M, up 4.4% but gross margin fell to 29.3% from 30.6%.
SG&A expenses increased to $5.0M from $4.6M; supply chain and labor constraints tempered production.
First half net loss $1.2M vs net income $1.2M prior year; sales up 14.6% to $31.6M.
Backlog remains high; demand robust; labor constraints starting to ease in Q3.

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