CSIMarket


Optical Cable Corporation  (OCC)
Other Ticker:  
 
    Sector  Technology    Industry Communications Equipment


 

Optical Cable Corporation

OCC's Financial Statements and Analysis



Optical Cable Corporation reported in the first quarter of 2024 net loss per share of $-0.18 compare to earnings per share of $0.10 in the same quarter a year ago a decrease compare to $-0.15 realized in previous quarter.


first quarter of 2024
Earnings Per Share Revenues
$ -0.18 $  15 Mill
$-0.28     $-4M     -19.53 %



Optical Cable's Revenue fell by -19.53 % in first quarter of 2024 (Jan 31 2024) year on year, to $15 million and declined by -14.83 % sequentially.


Optical Cable is

More on OCC's Income Statement



Optical Cable's in thefirst quarter of 2024 recorded net loss of $-1.425 million, compare to net income of $0.810 million achieved in I. Quarter a year ago.

Sequentially net loss advanced

More on OCC's Growth

Optical Cable Inventories
Inventories grew by 3.42 % to $23 million from I. Quarter a year ago, sequentially inventories fell by -3.13 %. In Jan 31 2024 company's net cash and cash equivalents decreased by $-1 million

More on OCC's Cash flow Statement


Optical Cable Corporation does not pay out common stock dividend.

In trailing twelve-month period Optical Cable Corporation payed $ 0.00 cash per share, on a free-cash flow basis .

Book value grew by 0.65 % sequentially to $2.95 per share.
Tangible Book value grew to $ 2.88 per share from $ 2.86.

Company repurchased 0.52 million shares or 6.17 % in Jan 31 2024.
Interest Coverage Ratio was 0.96. Debt Coverage Ratio was 0.1.

More on OCC's Dividends

 Market Capitalization (Millions) 22
 Shares Outstanding (Millions) 8
 Total Debt (Millions $) 10
 Revenue (TTM) (Millions $) 68
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 342




Optical Cable Corporation does not pay out common stock dividend.

In trailing twelve-month period Optical Cable Corporation had negative $ 0.00 cash flow per share, on a free-cash flow basis .

Book value grew by 0.65 % sequentially to $2.95 per share.
Tangible Book value grew to $ 2.88 per share from $ 2.86.

Company repurchased 0.52 million shares or 6.17 % in Jan 31 2024.
Interest Coverage Ratio was 0.96. Debt Coverage Ratio was 0.1.

More on OCC's Balance Sheets

 Market Capitalization (Millions) 22
 Shares Outstanding (Millions) 8
 Total Debt (Millions $) 10
 Revenue (TTM) (Millions $) 68
 Net Income (TTM) (Millions $) 0
 Cash Flow (TTM) (Millions $) 0
 Capital Exp. (TTM) (Millions $) -1
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 342
   


  News about Optical Cable Corporation Earnings

Optical Cable Corporation's Earnings Plunge to $-0.18 Per Share in First Quarter of 2024

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 co...

Optical Cable Corporation Reports Decline in Fourth Quarter Earnings and Revenue Amid Seasonal Fluctuations

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 quar...

Optical Cable Corporation Defies Challenging Market, Achieves Resilient Results with 7.3% Revenue Dip

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 re...

Optical Cable Corporation Demonstrates Noteworthy Top-Line Growth in Q2 2023 Financial Performance

The Optical Cable Corpora...


Date modified: 2024-03-13T23:15:30+00:00





Help

About us

Advertise

CSIMarket Company, Sector, Industry, Market Analysis, Stock Quotes, Earnings, Economy, News and Research. 
   Copyright © 2024 CSIMarket, Inc. All rights reserved. This site uses cookies to make your browsing experince better. By using this site, you agree to the Terms of Service and Privacy Policy - UPDATED (Read about our Privacy Policy)

Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com