Optical Cable jumps 26.3% post Q2 [Seeking Alpha]
Optical Cable Corporation (OCC)
US:NASDAQ Investor Relations:
occfiber.com/investor-relations
Company Research
Source: Seeking Alpha
Optical Cable jumps 26.3% post Q2Optical Cable (OCC+26.3%)reports Q2 revenue growth of 69.7% Y/Y to $26.9M.Net sales to customers in the US increased 88.0% Y/Y & net sales to customers OUS decreased 4.3% Y/Y.Q2 overall margins: Grossdeclined 240 bps to 33.3%, primarily due to changes in fiber optic cable product mix & Operatingincreased 756 bps to 5.79%.SG&A expenses increased 25.5% Y/Y to $7.4M, the increase was due to the increases in employee related costs including employee incentives and commissions which increased due to increased net sales and the improved financial results in Q2."Our strategic focus is on sales and marketing initiatives in targeted markets to drive sales, as well as increasing operational efficiency. We are optimistic that our success in both of these areas will positively impact our bottom line and enable us to deliver enhanced shareholder value." said Neil Wilkin, President and CEO.Previously:Optical Cable reports Q2 results (June 11)See all stocks on the mo
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OCC
News
- Optical Cable Co. (NASDAQ: OCC) was downgraded by analysts at TheStreet from a "c" rating to a "d+" rating.MarketBeat
- Optical Cable First Quarter 2024 Earnings: US$0.18 loss per share (vs US$0.10 profit in 1Q 2023) [Yahoo! Finance]Yahoo! Finance
- OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTSPR Newswire
- Do Its Financials Have Any Role To Play In Driving Optical Cable Corporation's (NASDAQ:OCC) Stock Up Recently? [Yahoo! Finance]Yahoo! Finance
- OPTICAL CABLE CORPORATION SCHEDULES CONFERENCE CALL TO DISCUSS FIRST QUARTER OF FISCAL YEAR 2024 RESULTS [Yahoo! Finance]Yahoo! Finance
OCC
Analyst Actions
- 3/15/24 - TheStreet
OCC
Sec Filings
- 4/30/24 - Form 8-K
- 3/27/24 - Form 8-K
- 3/14/24 - Form 8-K
- OCC's page on the SEC website