secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2023-06-13T23:59:59+00:00
Accession:  0001437749-23-017259
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OCC Q2 net sales up 14% to $19.6M; net income $2.4M vs year-ago loss
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- Q2 net sales $19.6M (+14.1% YoY); gross profit $6.8M (+34.8%), margin 34.6% vs 29.3%.
- Net income $2.4M ($0.31/diluted share) vs net loss $228K ($0.03 loss) in Q2 2022.
- First half net sales $37.9M (+19.8%); net income $3.2M vs loss $1.2M in prior year.
- Includes $1.7M gain on insurance proceeds from Asheville water damage (non-recurring other income).
- Backlog decreased to ~$8.0M from >$12.0M at end of fiscal 2022; SG&A % sales improved.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774923017259/0001437749-23-017259-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774923017259/occ20230612_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-017259

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