Optical Cable Corp. (OCC) Reports Q2 Loss of $0.08

Optical Cable Corp. (NASDAQ: OCC) reported Q2 EPS of ($0.08), versus ($0.53) reported last year. Revenue for the quarter came in at $19 million, versus $26.9 million reported last year.

Management's Comments

Neil Wilkin, President and Chief Executive Officer of OCC, said, "We are pleased by the continued demand for OCC's comprehensive suite of innovative and integrated solutions. While our results reflect the reduction of orders from a significant customer, we continued to drive sales growth across our markets—particularly in certain specialty markets. During the second quarter we also made progress in our efforts to improve throughput and efficiency, addressing challenges that occurred early this fiscal year."

Mr. Wilkin concluded, "Looking ahead in 2019, operating efficiently and executing our marketing initiatives to capture growth opportunities remain our top priorities. Our business is strong and we are excited about the opportunities we see to deliver enhanced shareholder value."

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

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