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

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

Optical Cable Corporation Reports Fiscal Year And Fourth Quarter 2018 Financial Results

December 19, 2018 8:00 AM EST

ROANOKE, Va., Dec. 19, 2018 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for fiscal year 2018 and its fourth quarter ended October 31, 2018.

Fiscal Year 2018 Financial Results

OCC® grew consolidated net sales 37.0% to $87.8 million in fiscal year 2018the highest annual net sales in Company historyachieving gross profit growth of 34.0% and increased profitability for the year.  The Company's net sales for fiscal year 2017 was $64.1 million.  

The Company increased net sales in its specialty markets in fiscal year 2018, compared to fiscal year 2017, particularly in... More