Optical Cable Corp. (OCC) Reports Q4 Loss of $0.09/Share

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Go back to Optical Cable Corp. (OCC) Reports Q4 Loss of $0.09/Share

Optical Cable Corporation Reports Fiscal Year and Fourth Quarter 2019 Financial Results

January 27, 2020 8:00 AM EST

ROANOKE, Va., Jan. 27, 2020 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for fiscal year 2019 and its fourth quarter ended October 31, 2019.

Fiscal Year 2019 Financial Results

Consolidated net sales for fiscal year 2019 were $71.3 million compared to record net sales of $87.8 million for fiscal year 2018, a decrease of 18.8%.  By comparison, the Company's consolidated net sales for fiscal year 2017 were $64.1 million.

Net sales decreased in fiscal year 2019 as a result of a number of large orders from one customer... More