secwatch.observer — SEC 8-K summary
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Issuer:     OPTICAL CABLE CORP (OCC)
CIK:        0001000230
Form:       8-K
Filed at:   2024-12-26T23:59:59+00:00
Accession:  0001437749-24-038343
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000230/000143774924038343/0001437749-24-038343-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000230/000143774924038343/occ20241223_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-038343

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