Optical Cable Q2 net loss $1.6M on sales down 17.9% to $16.1M; backlog $5.6M

OPTICAL CABLE CORP

Net sales $16.1M (-17.9% YoY); net loss $1.6M ($0.21/sh) vs net income $2.4M ($0.31/sh).
Gross profit margin 25.1% vs 34.6% a year ago, driven by lower sales and production volumes.
SG&A expenses decreased $0.4M to $5.3M but rose as a % of sales to 33.0% from 28.9%.
Sales order backlog $5.6M at quarter-end, up from $5.0M prior quarter; weakness in enterprise and specialty markets.
Management maintains production headcount despite volume drop, citing expected rebound in demand.

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