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Optical Cable Corp. (OCC)
NASDAQ:OCC
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Earnings Data
Report Date
Mar 17, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
-0.18Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 19, 2018
|% Change Since: 160.48%
|Next Earnings Date:Sep 11, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a mix of positive and negative outcomes. While the company achieved notable growth in the fourth quarter, including increased net sales and improved profit margins, challenges such as an annual revenue decline and increased expenses led to a net loss for the year. The sentiment reflects a cautious optimism as the company enters 2025 with expectations of continued improvement.Company Guidance
During the Optical Cable Corporation's Q4 2024 earnings call, Neil Wilkin provided a comprehensive overview of the company's financial performance and strategic positioning. Despite a 7.6% decline in net sales for the fiscal year 2024, totaling $66.7 million, OCC experienced growth in the fourth quarter, with net sales increasing by 12.4% to $19.5 million compared to the previous year. The gross profit margin improved significantly to 33.5% in Q4 2024, up from 22.4% in Q4 2023, reflecting enhanced production efficiencies. While SG&A expenses rose slightly to $21.5 million for the year, they represented a strategic investment in maintaining competitive strengths. The company reported a net income of $373,000 for Q4 2024, a significant turnaround from a $1.3 million loss in the same quarter the previous year. Wilkin emphasized OCC's strong market position and readiness to capitalize on future growth opportunities, expecting typical seasonal patterns in 2025.Fourth Quarter Revenue Growth
For the fourth quarter of fiscal year 2024, OCC achieved a 12.4% increase in net sales compared to the same period in fiscal 2023.
Sequential Revenue Growth
Sequential net sales increased 2.1% in the fourth quarter of fiscal 2024 compared to the third quarter, marking the third consecutive quarter of sequential net sales growth.
Improved Gross Profit Margin
OCC achieved a gross profit margin of 33.5% in the fourth quarter of fiscal year 2024, compared to 22.4% in the fourth quarter of fiscal 2023.
Positive Net Income in Q4
OCC recorded a net income of $373,000 or $0.05 per share for the fourth quarter of fiscal 2024, compared to a net loss of $1.3 million or $0.17 per share for the same period last year.
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OCC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OCC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 23, 2024 | $2.10 | $3.32 | +58.10% |
| Sep 11, 2024 | $2.76 | $2.76 | 0.00% |
| Jun 10, 2024 | $2.74 | $2.76 | +0.73% |
| Mar 13, 2024 | $3.04 | $2.99 | -1.64% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Optical Cable Corp. (OCC) report earnings?
Optical Cable Corp. (OCC) is schdueled to report earning on Mar 17, 2025, TBA Not Confirmed.
What is Optical Cable Corp. (OCC) earnings time?
Optical Cable Corp. (OCC) earnings time is at Mar 17, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OCC EPS forecast?
Currently, no data Available
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