Optical Cable 10-Q: Revenue $16.4M, Loss per Share $(0.05)
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Optical Cable reported first-quarter net sales of $16.4 million and a net loss of $0.398 million, or $(0.05) per share, reflecting year-over-year improvement in both revenue and earnings. Revenue rose 4.4% versus the prior-year quarter while the company narrowed its net loss and reduced operating losses as gross margins expanded. The results reflect stronger volumes and operational leverage across its manufacturing footprint and growing international demand.
Financial Highlights
- Net sales: $16.4 million, up 4.4% versus prior-year quarter
- Gross profit: $5.37 million, up 16.1%; gross margin 32.7% (prior year 29.4%)
- Loss from operations: $(0.208) million, improved from $(0.852) million in the prior-year quarter
- Net loss: $(0.398) million, improved from $(1.107) million in the prior-year quarter
- Net loss per share: $(0.05) per share, improved from $(0.14) per share in the prior-year quarter
Business Highlights
- Revenue drivers: Growth led by strength in enterprise and specialty markets contributing to consolidated net sales increase.
- Geographic mix: U.S. sales were flat while international sales increased 18%, raising the company’s global revenue mix and contributing to a backlog of $10.4 million.
- Strategic partnerships: Entered a strategic collaboration with Lightera to expand data center and enterprise product offerings and enable cross-selling opportunities.
- Operational efficiency: Improved gross margin driven by higher volumes and manufacturing operating leverage, supporting reduced operating losses.
Original SEC Filing: OPTICAL CABLE CORP [ OCC ] - 10-Q - Mar. 10, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.