secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2024-03-14T23:59:59+00:00
Accession:  0001437749-24-007876
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774924007876/0001437749-24-007876-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774924007876/occ20240314_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-007876

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