Optical Cable Corp. (OCC) Reports Q2 Loss of $0.23 on Revenues of $14.9M

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Go back to Optical Cable Corp. (OCC) Reports Q2 Loss of $0.23 on Revenues of $14.9M

Optical Cable Corporation Reports Second Quarter 2020 Financial Results

June 12, 2020 8:00 AM EDT

ROANOKE, Va., June 12, 2020 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its second quarter ended April 30, 2020.

Second Quarter 2020 Financial Results

Consolidated net sales were $14.9 million in the second quarter of fiscal year 2020, a decrease of 21.6% compared to net sales of $19.0 million for the same period last year, with net sales in certain of the Company's markets negatively impacted by the economic effects of the COVID-19 pandemic. 

Net sales to one customer in the wireless carrier market... More