OCC Q1 net loss $0.18/share, sales -18.8% to $14.9M

OPTICAL CABLE CORP

2024-Q1 EPS reported -$0.18 revenue$14,854,765

Net sales fell 18.8% YoY to $14.9M; enterprise and wireless carrier markets soft.
Net loss of $1.4M ($0.18 per share) vs net income of $810K ($0.10) a year ago.
Gross profit margin dropped to 25.0% from 35.7% on lower volumes and operating leverage.
Sales order backlog normalized to ~$5.0M vs >$12.0M at start of FY2023.
Management optimistic on FY2024 improvement; no personnel cuts despite industry cuts.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

OPTICAL CABLE CORP reported first quarter ended January 31, 2024 results: revenue $14.9 million, net income net loss of $1.4 million, or $0.18 per basic and diluted share, EPS $0.18 per basic and diluted share.

Period: first quarter ended January 31, 2024
Revenue: $14.9 million
Net income: net loss of $1.4 million, or $0.18 per basic and diluted share
EPS: $0.18 per basic and diluted share
Result: reported results

Exact text from the filing

Consolidated net sales for the first quarter of fiscal year 2024 were $14.9 million

View on SEC.gov

309 earnings releases filed in the last 30 days. Browse all earnings releases →

OPTICAL CABLE CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-007876

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.