secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2022-09-13T23:59:59+00:00
Accession:  0001437749-22-022312
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OCC Q3 net sales up 11% to $17.4M; net loss of $372K vs $5.4M net income last year due to one-time gains
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- Net sales $17.4M (+11.2% YoY); gross profit $4.8M (+17.6%) with margin 27.7% vs 26.2%.
- Net loss $372K ($0.05/share) vs net income $5.4M ($0.71) in Q3 prior year; prior year included PPP loan forgiveness and ERTC.
- Sales order backlog exceeds $15.0M, three to five times typical; strong demand continues.
- Supply chain and labor constraints temper production; cost inflation partially offset by price increases.
- SG&A expenses rose to $5.0M (+9.3%) due to higher employee and sales personnel costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774922022312/0001437749-22-022312-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774922022312/occ20220912_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-022312

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