---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-035097"
form_type: "8-K"
ticker: "OCC"
cik: "0001000230"
company_name: "OPTICAL CABLE CORP"
filed_at: "2023-12-21T23:59:59+00:00"
generated_at: "2026-06-07T08:39:45.729082+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# OCC reports FY net income of $2.1M; Q4 net loss of $1.3M on 13.6% sales decline

## Summary
- FY2023 net income $2.1M ($0.26 EPS) includes $2.2M insurance gain; sales $72.2M (+4.5% YoY).
- Q4 net sales $17.3M (-13.6% YoY); net loss $1.3M ($0.17 loss) vs Q4 prior year net income.
- Gross profit margin improved to 30.9% for FY but fell to 22.4% in Q4 due to lower production volumes.
- Company notes softening demand in enterprise & wireless carrier markets; specialty markets growth partially offset.
- Cash increased to $1.5M from $0.2M; inventories rose to $23.8M.

## SEC filing metadata
- accession: 0001437749-23-035097
- form_type: 8-K
- ticker: OCC
- cik: 0001000230
- company_name: OPTICAL CABLE CORP
- filed_at: 2023-12-21T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000230/000143774923035097/0001437749-23-035097-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000230/000143774923035097/occ20231221_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-035097
- JSON: https://secwatch.observer/filing/0001437749-23-035097.json
- Plain text: https://secwatch.observer/filing/0001437749-23-035097.txt

## Key facts
- Earnings Releases
  OPTICAL CABLE CORP reported fiscal year ended October 31, 2023 results: revenue $72.2 million, net income $2.1 million, EPS $0.26 per basic and diluted share.
  - Period: fiscal year ended October 31, 2023
  - Revenue: $72.2 million
  - Net income: $2.1 million
  - EPS: $0.26 per basic and diluted share
  - Result: reported results
  source text: results for its fiscal year and its fourth quarter ended October 31, 2023. Fiscal Year 2023 Financial Results Consolidated net sales for fiscal year 2023 increased 4.5% to $72.2 million, compared to net sales of $69.1 million for fiscal year 2022. The Company achieved increases in net sales in its specialty markets in fiscal year 2023, compared to the prior
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000230/000143774923035097/0001437749-23-035097-index.htm
- Earnings Releases
  OPTICAL CABLE CORP reported fourth quarter ended October 31, 2023 results: revenue $17.3 million, net income net loss of $1.3 million, EPS $0.17 per basic and diluted share.
  - Period: fourth quarter ended October 31, 2023
  - Revenue: $17.3 million
  - Net income: net loss of $1.3 million
  - EPS: $0.17 per basic and diluted share
  - Result: reported results
  source text: Company’s statement of operations during fiscal year 2023. Fourth Quarter 2023 Financial Results Consolidated net sales for the fourth quarter of fiscal year 2023 decreased to $17.3 million, or 13.6%, compared to net sales of $20.1 million for the same period in the prior year, with decreased net sales in the Company’s enterprise market partially offset by increased
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000230/000143774923035097/0001437749-23-035097-index.htm

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