Optical Cable Corp. (OCC) Reports Q3 Loss of $0.20

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Go back to Optical Cable Corp. (OCC) Reports Q3 Loss of $0.20

Optical Cable Corporation Reports Third Quarter 2020 Financial Results

September 10, 2020 8:00 AM EDT

ROANOKE, Va., Sept. 10, 2020 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its third quarter ended July 31, 2020.

Third Quarter 2020 Financial Results

Consolidated net sales were $13.6 million in the third quarter of fiscal year 2020, a decrease of 21.5% compared to net sales of $17.4 million for the same period last year, reflecting the economic effects of the COVID-19 pandemic.

Gross profit was $3.5 million in the third quarter of fiscal year 2020 compared to gross profit of $4.5 million in the same... More