Company: OCC
Filing Date: 2025-06-05
Form Type: 10-Q
Source: 0001437749-25-019494
Chunk: 84

Company: OPTICAL CABLE CORP
Filing Date: 2025-06-05
Form: 10-Q
Item: Item 8
Chunk 84
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 business is located at OCC’s facility near Dallas, Texas.

Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, Centric Solutions™ and associated logos are trademarks of Optical Cable Corporation.

16

Summary of Company Performance for Second Quarter of Fiscal Year 2025

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			Consolidated net sales for the second quarter of fiscal year 2025 increased 8.9% to $17.5 million, compared to $16.1 million for the same period last year. Net sales for the second quarter of fiscal year 2025 increased 11.5% compared to $15.7 million for the first quarter of fiscal year 2025.

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			Gross profit increased 32.1%, or $1.3 million, to $5.3 million in the second quarter of fiscal year 2025, compared to $4.0 million for the second quarter of fiscal year 2024, and increased 15.3% when compared to $4.6 million for the first quarter of fiscal year 2025.

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			Gross profit margin (gross profit as a percentage of net sales) increased to 30.4% during the second quarter of fiscal year 2025, compared to 25.1% for the second quarter of fiscal year 2024, and compared to 29.4% for the first quarter of fiscal year 2025.

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			SG&A expenses were $5.7 million during the second quarter of fiscal year 2025, compared to $5.3 million for the same period last year. SG&A expenses as a percentage of net sales were 32.7% during the second quarter of fiscal year 2025, compared to 33.0% during the same period in fiscal year 2024, and compared to 34.7% during the first quarter of fiscal year 2025.

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			Net loss was $698,000, or $0.09 per share, during the second quarter of fiscal year 2025, compared to $1.6 million, or $0.21 per share, for the comparable period last year.

Results of Operations

We sell our products internationally and domestically to our customers which include major distributors, various regional and smaller distributors, original equipment manufacturers and value-added resellers. All of our sales to customers outside of the United