Optical Cable Corp. (OCC) Reports Q4 Loss of $0.48/Share

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Go back to Optical Cable Corp. (OCC) Reports Q4 Loss of $0.48/Share

Optical Cable Corporation Reports Fourth Quarter And Fiscal Year 2015 Financial Results

January 28, 2016 8:03 AM EST

ROANOKE, Va., Jan. 28, 2016 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its fourth quarter and fiscal year ended October 31, 2015.

Fiscal Year 2015 Financial Results

Consolidated net sales for fiscal year 2015 decreased $9.4 million (or 11.3%) to $73.6 million, compared to net sales of $83.0 million for fiscal year 2014.

Net sales for the year were impacted by a decrease in demand in certain industry markets, including the military, oil & gas and mining specialty markets, and in particular, the wireless... More