secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2023-09-13T23:59:59+00:00
Accession:  0001437749-23-025779
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

OCC posts Q3 net income of $101k vs loss a year ago; YTD sales up 11.9%
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- Q3 net sales $16.9M (-2.5% YoY); gross margin expanded to 30.2% from 27.7%.
- Net income of $101k ($0.01 EPS) vs net loss of $372k ($0.05) in Q3 last year.
- Nine-month net sales $54.8M (+11.9%); net income $3.3M ($0.42) vs loss $1.5M.
- Backlog fell to $6.8M from $8.0M at Q2 end and $12.0M at FY2022 year-end.
- Q3 included $256k gain on insurance proceeds; $2.0M total YTD for water damage.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774923025779/0001437749-23-025779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774923025779/occ20230912_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-025779

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