---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-006464"
form_type: "8-K"
ticker: "OCC"
cik: "0001000230"
company_name: "OPTICAL CABLE CORP"
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T02:43:36.736014+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Optical Cable Q1 net sales up 26.6% to $18.3M; swings to net income of $0.10 per share

## Summary
- Net sales $18.3M, +26.6% YoY; gross profit $6.5M, +61.2%; gross margin 35.7% vs 28.0%.
- Net income of $810K ($0.10 diluted EPS) vs net loss of $936K ($0.12 loss) in prior year.
- SG&A $5.5M (29.8% of sales) vs $4.8M (33.1%); increase due to employee and sales costs.
- Order backlog/forward load remains above typical levels; CEO cites strong demand across markets.
- Company reports improved pricing and production throughput driving results.

## SEC filing metadata
- accession: 0001437749-23-006464
- form_type: 8-K
- ticker: OCC
- cik: 0001000230
- company_name: OPTICAL CABLE CORP
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000230/000143774923006464/0001437749-23-006464-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000230/000143774923006464/occ20230314_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-006464
- JSON: https://secwatch.observer/filing/0001437749-23-006464.json
- Plain text: https://secwatch.observer/filing/0001437749-23-006464.txt

## Key facts
- Earnings Releases
  OPTICAL CABLE CORP reported its first quarter ended January 31, 2023 results: revenue $18.3 million, net income $810,000, or $0.10 per basic and diluted share, EPS $0.10 per basic and diluted share.
  - Period: its first quarter ended January 31, 2023
  - Revenue: $18.3 million
  - Net income: $810,000, or $0.10 per basic and diluted share
  - EPS: $0.10 per basic and diluted share
  - Result: reported results
  source text: results for its first quarter ended January 31, 2023. First Quarter 2023 Financial Results Consolidated net sales for the first quarter of fiscal year 2023 increased 26.6% to $18.3 million, compared to net sales of $14.4 million for the same period last year, with increased net sales in the Company’s enterprise and specialty markets, as well as the wireless carrier
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000230/000143774923006464/0001437749-23-006464-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.