Optical Cable Corp. (OCC) Reports Q4 Loss of $0.05 on Revenues of $20.3M

Optical Cable Corp. (NASDAQ: OCC) reported Q4 EPS of ($0.05), versus ($0.09) reported last year. Revenue for the quarter came in at $20.3 million, versus $17.2 million reported last year.

Neil Wilkin, President and Chief Executive Officer of OCC, said, "At the beginning of our fiscal year we set aggressive growth goals, and we are pleased to have met and exceeded all of them. Our record net sales in fiscal year 2018, and solid gross profit and profitability, reflect the strength of our product offering, our team, and our continuing focus on operational efficiency. We continue to see strong demand for our comprehensive suite of innovative and integrated solutions—particularly in our specialty markets."

Mr. Wilkin concluded, "We are excited about the opportunities we see for OCC in 2019 and beyond as we continue to execute on our growth strategies and implement marketing initiatives in targeted markets. We will also continue efforts to enhance productivity and reduce costs. Looking ahead, we are confident in our ability to deliver enhanced shareholder value by meeting the needs of our customers and diverse end-user base."

For earnings history and earnings-related data on Optical Cable Corp. (OCC) click here.

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