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Optical Cable Corp. Message Board

  • adspatz adspatz Mar 14, 2014 11:28 AM Flag

    Optical Cable net loss widens

    Search for "SEC Live Filings Digest" to find out more.
    Optical Cable Corp. (OCC) announced its financial results for the first quarter of fiscal year 2014, reporting a net loss that widened from the year-ago quarter. The manufacturer of fiber optic and copper data communication solutions posted a net loss of $412K and $0.07 per share, down from the loss of $130K and $0.02 per share in the year-ago quarter. Sales during the quarter fell slightly from $17.3M to $16.5M, with the company’s specialty markets business segment weighing down progress made by the commercial markets segment. Domestic sales in the United States rose 5.7% while international sales fell 24.2%. President and CEO Neil Wilkin commented that the company’s increased backlog will have a positive impact on its second quarter results and that overall economic conditions, project timing, and seasonal demand negatively impacted the company’s results.

2.49+0.01(+0.41%)Sep 29 2:31 PMEDT