Company: OCC
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001437749-25-019494
Chunk: 52

Company: OPTICAL CABLE CORP
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 1
Chunk 52
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 $2.8 million in the first half of fiscal year 2025, compared to $113,000 for the first half of fiscal year 2024. Net cash provided by operating activities during the first half of fiscal year 2025 primarily resulted from certain adjustments to reconcile a net loss of $1.8 million to net cash provided by operating activities including depreciation and amortization of $424,000 and share-based compensation expense of $186,000. Additionally, the cash flow impact of decreases in trade accounts receivable, net of $1.9 million and the cash flow impact of increases in accounts payable and accrued expenses of $2.1 million further contributed to net cash provided by operating activities. All of the aforementioned factors positively affecting cash provided by operating activities were partially offset by increases in inventories totaling $332,000.

23

Net cash provided by operating activities during the first half of fiscal year 2024 primarily resulted from certain adjustments to reconcile a net loss of $3.0 million to net cash provided by operating activities including depreciation and amortization of $431,000 and share-based compensation expense of $251,000. Additionally, the cash flow impact of decreases in accounts receivable, net of $447,000 and decreases in inventories of $2.3 million further contributed to net cash provided by operating activities. All of the aforementioned factors positively affecting cash provided by operating activities were partially offset by the cash flow impact of decreases in accounts payable and accrued expenses, including accrued compensation and payroll taxes, of $639,000 and an adjustment to reconcile a net loss of $3.0 million to net cash provided by operating activities for gain on insurance proceeds, net totaling $219,000.

Net cash used in investing activities totaled $143,000 in the first half of fiscal year 2025, compared to $17,000 in the first half of fiscal year 2024. Net cash used in investing activities during the first half of fiscal years 2025 resulted primarily from purchases of property and equipment and deposits for the purchase of property and equipment. Net cash used in investing activities during the first half of fiscal year 2024 resulted primarily from purchases of property and equipment and deposits for the purchase of property and equipment totaling $236,000, partially offset by net insurance proceeds of $219,000.

Net cash used in financing activities totaled $2.0 million for the first half of fiscal year 2025, compared to $474,000 in the first half of fiscal year 2024. Net cash