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Optical Cable Corporation  (OCC)
 

Exceptional 26.265%, gain in Revenues by amid the fourth quarter of 2022 earnings season

reported fourth quarter of 2022 operating surplus of $1.413659 millions


Published Dec 23 2022
CSIMarket Team / CSIMarket.com


Base_station_installation_telenor_norway_By_HLundgaard_(Own_work)__[CC-BY-SA-3.0_(http_creativecommons.org_licenses_by-sa_3.0)]_via_Wikimedia_Common Surge in Revenue could not lift company's profits, in the Oct 31 2022 report income per share remained unaffected at $0.24 per share, Revenues jumped by 26.265 % to $20.06 millions from the same reporting period a year prior.

In comparison to the preceding period income per share turned positive from $-0.05 per share and Revenues improved by 15.378 % from $17.38 millions.


The company stand at net earnings of $1.189 millions in the fiscal fourth quarter of 2022 an improvement versus a net loss of $-0.006 millions in the same reporting period a year ago. Optical Cable Corporation also emphasized it's improving profit margins, where net margin rose to 5.93% in fiscal fourth quarter of 2022, and operating margin edged up to 7.05%.
Operating earnings, however, rose 529.39% to $1.413659 millions.
reported net loss of $-0.35 millions and Revenues of $69.08 millions for the fiscal 12 Months 2022.

Communications Equipment company also mentioned that, its eps were at $-0.05 compared to $0.87 in the prior fiscal year, while Revenues improved by 16.81 % from $59.14 millions a year prior.

Optical Cable Corporation is expected to report next financial recent numbers on June 12, 2023.



Optical Cable's Operating Margin

Optical Cable's Revenue Growth



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