Recent 8-K filings for OCC
Highest-materiality recent filing
OCC sells $2M stock to Lightera, forms strategic collaboration for data center/enterprise
- Lightera purchased 642,199 shares of OCC common stock for $2M, holding 7.24% of outstanding shares.
- Strategic collaboration expands OCC's product offerings in data center and enterprise sectors.
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OCC Q2 net income $1.1M vs loss; sales +26.6% to $22.2M
Net sales $22.2M, +26.6% YoY; net income $1.1M ($0.12 EPS) vs loss of $0.7M ($0.09 loss).
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Optical Cable refinances $2.65M loan with Freedom First at 6.5% fixed for 5 years, matures 2036
New $2.65M loan from Freedom First Federal Credit Union, maturing May 1, 2036.
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OCC annual meeting votes pass; CEO presentation filed but text unavailable
All five director nominees elected: Wilkin (3.996M for, 0.869M withheld), Frazier, Holland, Nygren, Weber.
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OCC Q1 FY2026 net sales up 4.4% to $16.4M, net loss narrows to $0.05/share
Net sales $16.4M (+4.4% YoY); gross profit $5.4M (+16.1%); gross margin 32.7% vs 29.4%.
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OCC reports FY2025 net sales up 9.5% to $73M; net loss narrows to $0.18 per share
Net sales for FY2025 increased 9.5% to $73.0M from $66.7M; gross profit up 24.1% to $22.6M.
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OCC Q3 FY2025 net sales up 22.8% to $19.9M; net income of $302K vs prior year loss
Q3 net sales $19.9M (+22.8% YoY); gross profit $6.3M (+61.2%); gross margin 31.7% vs 24.2%.
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OCC sells $2M stock to Lightera, forms strategic collaboration for data center/enterprise
Lightera purchased 642,199 shares of OCC common stock for $2M, holding 7.24% of outstanding shares.
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Optical Cable Q2 net sales +8.9% to $17.5M; net loss narrows to $698K
Net sales $17.5M, up 8.9% YoY; gross profit $5.3M, up 32.1% with margin 30.4% vs 25.1%.
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Optical Cable shareholders approve all proposals at 2025 annual meeting
All five director nominees elected: Neil Wilkin, Randall Frazier, John Holland, John Nygren, Craig Weber (votes For ranged 3.84M-3.96M).
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Optical Cable Q1 FY2025: net sales up 6% to $15.7M; net loss narrows to $1.1M
Net sales $15.7M (+6.0% YoY); gross profit $4.6M (+24.6% YoY), margin expanded to 29.4% from 25.0%.
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Optical Cable Q4 swings to profit of $0.05/sh; FY net loss $4.2M
Q4 net sales $19.5M (+12.4% YoY); gross profit $6.5M (+68.6%); gross margin 33.5% vs 22.4%.
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Restatement covers audited FY2023 annual report and quarters ended Jan, Apr, Jul 2024 and 2023.
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OCC Q3 net loss $1.6M vs profit; revenue down 4.2% to $16.2M
Net loss of $1.6M ($0.20 per share) vs net income of $101K ($0.01) in Q3 FY2023.
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Optical Cable extends $18M revolver to July 2027, ups inventory advance cap
Modification Agreement extends $18M revolving credit facility from July 24, 2025 to July 24, 2027 (Initial Term).
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Optical Cable Q2 net loss $1.6M on sales down 17.9% to $16.1M; backlog $5.6M
Net sales $16.1M (-17.9% YoY); net loss $1.6M ($0.21/sh) vs net income $2.4M ($0.31/sh).
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Optical Cable appoints Crowe LLP as new auditor for FY2024 after Brown Edwards closed practice
Brown Edwards closed its public company audit practice, ending engagement for FY2024.
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Optical Cable Corp. shareholders elect all five directors and approve executive compensation
All five director nominees elected: Neil Wilkin, Randall Frazier, John Holland, John Nygren, Craig Weber.
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OCC Q1 net loss $0.18/share, sales -18.8% to $14.9M
Net sales fell 18.8% YoY to $14.9M; enterprise and wireless carrier markets soft.
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OCC reports FY net income of $2.1M; Q4 net loss of $1.3M on 13.6% sales decline
FY2023 net income $2.1M ($0.26 EPS) includes $2.2M insurance gain; sales $72.2M (+4.5% YoY).
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Payoff of North Carolina real estate loan; Virginia loan principal reduced to ~$2,675,244.
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OCC posts Q3 net income of $101k vs loss a year ago; YTD sales up 11.9%
Q3 net sales $16.9M (-2.5% YoY); gross margin expanded to 30.2% from 27.7%.
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Optical Cable Corporation detects sophisticated cyberattack on June 20, 2023
Incident impacted operational and IT systems; company engaged internal and third-party cybersecurity experts.
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OCC Q2 net sales up 14% to $19.6M; net income $2.4M vs year-ago loss
Q2 net sales $19.6M (+14.1% YoY); gross profit $6.8M (+34.8%), margin 34.6% vs 29.3%.
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All five director nominees elected: Neil Wilkin (3,776,692 for), Randall Frazier, John Holland, John Nygren, Craig Weber.
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Optical Cable Q1 net sales up 26.6% to $18.3M; swings to net income of $0.10 per share
Net sales $18.3M, +26.6% YoY; gross profit $6.5M, +61.2%; gross margin 35.7% vs 28.0%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.80 · Median 0.65 · Most common event earnings