Optical Cable Q4 swings to profit of $0.05/sh; FY net loss $4.2M

OPTICAL CABLE CORP

Q4 net sales $19.5M (+12.4% YoY); gross profit $6.5M (+68.6%); gross margin 33.5% vs 22.4%.
Q4 net income $373K ($0.05 diluted EPS) vs net loss $1.3M (-$0.17) in Q4 2023.
FY2024 net sales $66.7M (-7.6% YoY); net loss $4.2M (-$0.54) vs net income $2.1M ($0.26) in FY2023.
Management cites sequential net sales growth each quarter in FY2024, expects continued improvement in FY2025.
SG&A expense rose to $21.5M (32.2% of sales) in FY2024 from $21.2M (29.4%), driven by personnel costs.

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