secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0001437749-24-029060
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774924029060/0001437749-24-029060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774924029060/occ20240912_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-029060

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