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Stock impact report

Optical Cable Corporation Reports Third Quarter Fiscal 2019 Financial Results

Optical Cable Corporation (OCC) 
US:NASDAQ Investor Relations: occfiber.com/investor-relations
Company Research Source: PR Newswire
ROANOKE, Va., Sept. 16, 2019 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its third quarter ended July 31, 2019. Third Quarter 2019 Financial ResultsConsolidated net sales were $17.4 million in the third quarter of fiscal year 2019, a decrease of 24.9% compared to net sales of $23.1 million in the third quarter of fiscal year 2018.  The year-over-year decrease in net sales reflects a number of large orders from one customer in the third quarter of fiscal year 2018 that did not recur at the same levels in the third quarter of fiscal year 2019.  Net sales to this customer decreased $7.2 million in the third quarter of fiscal 2019, as compared to the prior year period.  Consolidated net sales to all other customers during the third quarter of fiscal year 2019 increased 9.5% compared to the same period last year.OCC reported a 3.9% increase in net sales to customers outside of the United States in the third quar Show less Read more
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