secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001437749-23-006464
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774923006464/0001437749-23-006464-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774923006464/occ20230314_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-006464

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