Optical Cable Corp. (OCC) Reports Q2 Loss of $0.15/Share

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Go back to Optical Cable Corp. (OCC) Reports Q2 Loss of $0.15/Share

Optical Cable Corporation Reports Second Quarter 2016 Financial Results

June 7, 2016 8:02 AM EDT

ROANOKE, Va., June 7, 2016 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its second quarter ended April 30, 2016.

Second Quarter 2016 Financial Results

Consolidated net sales for the second quarter of fiscal year 2016 were $16.3 million, down 12.5%, compared to net sales of $18.7 million for the second quarter of fiscal year 2015.  Sequentially, net sales increased 16.3% in the second quarter of fiscal 2016, compared to net sales of $14.0 million for the first quarter of fiscal 2016. 

Net sales for the second quarter of fiscal year 2016 were... More