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Optical Cable Corporation (NASDAQ: OCC) |
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Price: $2.2100
$0.10 
4.739%
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| Day's High:
| $2.21
| Week Perf:
| 4.25 %
|
| Day's Low: |
$ 2.21 |
30 Day Perf: |
-7.92 % |
| Volume (M): |
2 |
52 Wk High: |
$ 3.53 |
| Volume (M$): |
$ 4 |
52 Wk Avg: |
$2.70 |
| Open: |
$2.21 |
52 Wk Low: |
$2.04 |
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| Market Capitalization (Millions $) |
17 |
| Shares
Outstanding (Millions) |
8 |
| Employees |
342 |
| Revenues (TTM) (Millions $) |
64 |
| Net Income (TTM) (Millions $) |
-6 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
0 |
Optical Cable Corporation
Optical Cable Corporation was incorporated in the Commonwealth of Virginia
in 1983. We are headquartered at 5290 Concourse Drive, Roanoke, Virginia 24019
and our telephone number is (540) 265-0690. Optical Cable Corporation, together
with our wholly owned subsidiary, Applied Optical Systems, Inc. (“AOS”),
has offices, manufacturing and warehouse facilities located in Roanoke, Virginia,
near Asheville, North Carolina and near Dallas, Texas.
Optical Cable Corporation and its subsidiaries is a leading manufacturer of
a broad range of fiber optic and copper data communication cabling and connectivity
solutions primarily for the enterprise market and various harsh environment
and specialty markets (the non-carrier markets), offering integrated suites
of high quality products which operate as a system solution or seamlessly integrate
with other providers’ offerings. OCC also manufactures and sells a significant
amount of products in the wireless carrier market.
OCC’s product offerings include designs for uses ranging from enterprise
networks, datacenters, residential and campus installations to customized products
for specialty applications and harsh environments, including military, industrial,
mining, petrochemical, wireless carrier and broadcast applications.
OCC products include fiber optic and copper cabling, fiber optic and copper
connectors, specialty fiber optic and copper connectors, fiber optic and copper
patch cords, pre-terminated fiber optic and copper cable assemblies, racks,
cabinets, datacom enclosures, patch panels, face plates, multi-media boxes,
fiber optic reels and accessories and other cable and connectivity management
accessories, and are designed to meet the most demanding needs of end-users,
delivering a high degree of reliability and outstanding performance characteristics.
The OCC team seeks to provide top-tier integrated communication solutions by
bundling our products into systems that provide our customers and end-users
with integrated cabling and connectivity solutions that are well-suited for
their individual data communication and application requirements.
OCC® is internationally recognized for pioneering the design and production
of fiber optic cables for the most demanding military field applications, as
well as of fiber optic cables suitable for both indoor and outdoor use, and
creating a broad product offering built on the evolution of these fundamental
technologies. OCC® is also internationally recognized for its role in establishing
copper connectivity data communications standards through its innovative technologies.
OCC manufactures its fiber optic cables at its ISO 9001:2008 registered and
MIL-STD-790F certified facility located in Roanoke, Virginia, its enterprise
connectivity products primarily at its ISO 9001:2008 registered facility located
near Asheville, North Carolina, and its harsh environment and specialty connectivity
products at its ISO 9001:2008 registered and MIL-STD-790F certified facility
located near Dallas, Texas.
OCC designs, develops and manufactures fiber optic cables for a broad range
of enterprise, harsh environment and specialty markets and applications. We
refer to these products as our fiber optic cable offering. OCC designs, develops
and manufactures fiber and copper connectivity products for the enterprise market,
including a broad range of enterprise and residential applications. We refer
to these products as our enterprise connectivity product offering. OCC designs,
develops and manufactures a broad range of specialty fiber optic connectors
and connectivity products primarily for use in military and other harsh environment
applications. We refer to these products as our harsh environment and specialty
connectivity product offering.
OCC markets and sells our harsh environment and specialty connectivity product
offering through AOS under the names Optical Cable Corporation and OCC®
by the efforts of our integrated OCC sales team.
Optical Cable Corporation owns 70% of the authorized membership interests of
Centric Solutions LLC (“Centric Solutions”). Centric Solutions is
a business founded in 2008 that provides turnkey cabling and connectivity solutions
for the datacenter market. Centric Solutions operates and goes to market independently
from Optical Cable Corporation; however, in some cases, Centric Solutions may
offer products from OCC’s product offering.
Company Address: 5290 Concourse Drive Roanoke 24019 VA
Company Phone Number: 265-0690 Stock Exchange / Ticker: NASDAQ OCC
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Customers Net Income fell by |
OCC's Customers Net Profit Margin fell to |
-23.13 % |
9.28 %
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| Stock Performances by Major Competitors |
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| Optical Cable Corporation
The financial results for Optical Cable Corporation for the time-frame closing on April 30, 2024, present a worrying picture for the company. Facing a significant decline in revenue and an increasing deficit per share, the future of Optical Cable Corporation seems uncertain. In this article, we will explore the implications of these results and the potential impact on the company's future prospects.
Decline in Revenue and Increase in Deficit:
Optical Cable Corporation witnessed a significant drop in revenue, with a decline of 18.252% from $19.62 million to $16.04 million compared to the same reporting period in the previous year. However, it is noteworthy that there was a sequential revenue increase of 9.006% from $14.71 million in the previous reporting season.
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| Optical Cable Corporation
Optical Cable Corporation's first quarter earnings for 2024 have raised concerns among investors as the company posted significant shortfalls compared to the previous year. The earnings per stock dropped to $-0.18 per share, compared to $0.10 per share a year ago. This marks a notable decline, also marked by a sequential shortfall from $-0.15 per share in the preceding financial reporting period.
Additionally, the company witnessed a decline in revenue by a staggering -19.526%, with the figures dropping to $14.71 million from $18.28 million during the same period a year ago. On a sequential basis, the revenue deteriorated by -14.827% from $17.27 million. These declining revenue figures are a cause for concern as they indicate a general slowdown in the company's sales and performance.
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| Optical Cable Corporation
Optical Cable Corporation (OCC) is a company operating in the Communications Equipment industry. The company recently reported financial results for the fourth quarter of 2023, which showed a significant decrease in earnings per share (EPS) and revenue compared to the previous year.
In the fourth quarter of 2023, OCC reported a shortfall of $-0.15 per share, compared to $0.24 per share in the same quarter of the previous year. This represents a decline in EPS of $0.01 from the previous quarter. The revenue also declined by -13.866% to $17.27 million from $20.06 million in the corresponding quarter a year prior. However, sequentially, the revenue advanced by 7.19% from $16.12 million in the previous quarter.
The net shortfall for the fourth quarter of 2023 was $-1.267 million, which is in contrast to the net proceeds of $1.189 million recorded in the same quarter of the previous year. The company attributed this shortfall to the seasonal nature of its business.
One notable change in the company's financials is the decline in inventory to $23.8 million from the previous quarter, although this still marks an increase compared to the same period a year ago. This could be indicative of changes in demand for OCC's products. Additionally, the level of accounts receivable has declined to $9.1 million, leading some analysts to speculate that slowing demand may be a contributing factor.
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| Optical Cable Corporation
enowned financial journalist, it brings me great pleasure to present a comprehensive analysis of the recent financial performance of Optical Cable Corporation, a leading communications equipment company. Despite difficult market conditions, the company showcased its resiliency and determination to achieve positive results during the May to July 31, 2023 period.
Revenues for Optical Cable Corporation witnessed a decline of 7.287%, landing at $16.12 million from the previous year's $17.38 million during the same quarter. However, it's important to note that this dip reflects the consequences of a rapidly changing market rather than any inherent weaknesses within the company itself. A comparison with the revenue figures from the previous quarter, which stood at $19.62 million, reinforces this perspective.
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| Optical Cable Corporation
The Optical Cable Corporation has reported positive financial results in its fiscal second quarter of 2023. The company's profits turned positive, with earnings per share (EPS) of $0.31, compared to a loss EPS of $0.03 in the same quarter a year prior. This represents a significant improvement in EPS of 210% from the preceding quarter, where EPS was $0.10 per share.
In terms of revenue, the company saw an increase of 14.063% to $19.62 million, up from $17.20 million in the same quarter a year ago. Sequentially, revenue advanced by 7.306% from $18.28 million. This growth reflects the company's ability to generate revenue and highlights the strength of its business operations.
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| Per Share |
Current |
| Earnings (TTM) |
-0.74 $ |
| Revenues (TTM) |
8.21 $
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| Cash Flow (TTM) |
- |
| Cash |
0.1 $
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| Book Value |
2.61 $
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| Dividend (TTM) |
0 $ |
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| Per Share |
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| Earnings (TTM) |
-0.74 $
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| Revenues (TTM) |
8.21 $ |
| Cash Flow (TTM) |
- |
| Cash |
0.1 $
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| Book Value |
2.61 $ |
| Dividend (TTM) |
0 $ |
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| UNITED STATES |
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 80.62 % |
of total Revenue |
| Non-US |
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19.38 % |
of total Revenue |
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124.68% 