Optical Cable Corp. (OCC) Reports Q1 Loss of $0.35

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Go back to Optical Cable Corp. (OCC) Reports Q1 Loss of $0.35

Optical Cable Corporation Reports First Quarter 2020 Financial Results

March 16, 2020 8:00 AM EDT

ROANOKE, Va., March 16, 2020 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its first quarter ended January 31, 2020.

First Quarter 2020 Financial Results

Consolidated net sales were $12.9 million in the first quarter of fiscal year 2020, compared to net sales of $16.8 million in the first quarter of fiscal year 2019.  The year-over-year decrease in net sales was mostly due to a number of large orders from one customer in the wireless carrier market in the first quarter of fiscal year 2019... More