OCC Q3 net loss $1.6M vs profit; revenue down 4.2% to $16.2M

OPTICAL CABLE CORP

Net loss of $1.6M ($0.20 per share) vs net income of $101K ($0.01) in Q3 FY2023.
Net sales $16.2M, down 4.2% YoY; enterprise market up, specialty/wireless down.
Gross profit margin fell to 24.2% from 30.2% on lower production volumes and efficiency.
Nine-month net loss $4.6M ($0.59) vs net income $3.3M ($0.42); sales down 14% to $47.2M.
Management sees improving opportunities; sales increased sequentially each quarter in fiscal 2024.

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