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Overview of Optical Cable Corporation (OCC)
Optical Cable Corporation (OCC) is a pioneering force in the design and manufacturing of high-performance fiber optic and copper cabling systems. With a rich heritage rooted in innovation, OCC specializes in data communication and connectivity solutions that are engineered to perform in the most challenging environments. By leveraging its deep expertise in fiber optic cable technology, OCC addresses the pressing needs of modern enterprise networks, mission-critical data centers, broadcast facilities, and specialized industrial applications. Its comprehensive approach—from the design phase to final integration—ensures that each product not only meets rigorous performance standards but also supports a wide variety of applications, ranging from enterprise installations to harsh, customized environments.
Innovative Product Offerings and Integrated Connectivity
At its core, OCC develops and manufactures a broad spectrum of cabling solutions that go beyond conventional offerings. The company’s portfolio includes tight-buffered fiber optic cables, copper data communication cables, and a suite of connectivity products such as patch cords, connectors, assemblies, patch panels, and customized enclosures. These products are carefully engineered to operate as cohesive systems that are "smarter than the most challenging situations". The focus on integrated connectivity ensures that users can rely on a single source for most of their infrastructure needs, reducing complexity and enhancing system reliability.
Quality and Performance in Demanding Environments
Quality is the keystone of OCC's operations. The company was built on a commitment to excellence, emphasizing high performance, durability, and reliability. OCC’s manufacturing facilities are ISO 9001:2015 registered, and select plants carry MIL-STD certifications, ensuring that its products meet stringent quality standards required by markets such as military, industrial, mining, petrochemical, and broadcast applications. This dedication to quality has positioned OCC as a trusted supplier for industries that rely on robust and resilient communication systems.
Market Position and Competitive Differentiation
OCC serves a diverse range of industries including commercial enterprise, education, government, military, renewable energy, and telecommunication sectors. This diversity not only mitigates market fluctuations but also highlights the company’s ability to customize its solutions to fit unique operational challenges. Unlike many competitors whose products may address only one segment of the market, OCC’s integrated suite of products connects various applications seamlessly, offering significant operational synergy and efficiency. The company's long-standing reputation for quality and performance is reinforced by its continuous innovation and adaptation to evolving market needs.
Engineering Excellence and Customization
One of the defining characteristics of OCC is its commitment to engineering excellence. The company employs advanced technologies and rigorous testing protocols in every stage of product development. This process ensures that each cable and connectivity component is tailored to meet the specific performance requirements of its intended application. Whether addressing the high bandwidth demands of modern data centers or the reliability needs of military communication systems, OCC’s products are designed with both precision and adaptability in mind. Its ability to create customized solutions further differentiates its offerings in a crowded and competitive market.
Broad Industry Applications and End-User Reliability
OCC’s products are deployed across a multitude of industries. Data centers, academic institutions, and large commercial enterprises depend on the company’s cabling systems for maintaining robust and secure communication networks. Meanwhile, specialty markets—such as those involving petrochemical processing, mining operations, and renewable energy installations—benefit from the enhanced durability and performance of OCC’s custom-designed products. The company also serves critical infrastructure sectors, ensuring that even the most sensitive operations, such as military communications and emergency services, have access to reliable connectivity solutions.
Commitment to Customer-Centric Solutions
The company’s comprehensive approach to connectivity is rooted in its understanding of customer needs. OCC works closely with clients to design and integrate solutions that not only meet current demands but also exhibit the versatility required for future scalability. This dedication has earned OCC the trust of some of the world’s most respected corporations, data centers, and public institutions. By maintaining a focus on delivering value through performance, reliability, and precision engineering, OCC continues to set a high standard in the connectivity market.
Operational Excellence and Industry Certifications
OCC’s manufacturing processes are marked by operational excellence. The company’s facilities, equipped with modern production lines and stringent quality control measures, assure that every product consistently delivers the expected performance. Certifications such as ISO 9001:2015 and MIL-STD-790G are testaments to the company’s adherence to the highest standards of manufacturing quality and process integrity. These certifications speak volumes about OCC’s commitment to reliability, safety, and continuous improvement, making it a critical partner for high-stakes industries.
Integrated Solutions for a Connected World
Beyond providing individual components, OCC offers integrated connectivity systems that streamline the deployment and maintenance of communication networks. This systemic approach enables seamless integration with other infrastructure components, reducing downtime and facilitating easier management for end users. With a focus on both immediate performance and long-term operational efficiency, OCC continues to innovate with products that are designed to adapt to the evolving technological landscape.
Conclusion
In summary, Optical Cable Corporation stands as a beacon of engineering excellence and reliability. Its comprehensive range of fiber optic and copper communication solutions, combined with its commitment to quality, customization, and operational efficiency, solidify its position within the connectivity market. By serving a diverse range of industries—from data centers and enterprise networks to specialized applications in military and industrial sectors—OCC remains an indispensable player in the evolution of modern communication infrastructure.
Optical Cable (OCC) reported its Q1 FY2025 financial results, showing positive growth trends. Net sales increased 6.0% to $15.7 million compared to $14.9 million in Q1 FY2024. The company experienced notable growth in both enterprise and specialty markets, with particular strength in military markets.
Gross profit saw a significant increase of 24.6% to $4.6 million, with gross profit margin improving to 29.4% from 25.0% year-over-year. International sales grew 21.3%, while domestic sales increased 2.3%. The company's order backlog rose to $6.6 million from $5.7 million in October 2024.
Despite these improvements, OCC reported a net loss of $1.1 million ($0.14 per share), compared to a $1.4 million loss ($0.18 per share) in Q1 FY2024. SG&A expenses increased to $5.5 million, representing 34.7% of net sales.
Optical Cable (Nasdaq: OCC) has announced it will release its first quarter fiscal 2025 financial results on March 10, 2025, covering the period ended January 31, 2025. The company will host a conference call at 11:00 a.m. Eastern Time on the same day.
Participants can join via phone at (800) 445-7795 (U.S.) or (785) 424-1699 (international) using Conference ID: OCCQ125. A replay will be available through March 17, 2025. The call will also be webcast live on the company's investor relations website.
OCC specializes in manufacturing fiber optic and copper data communication solutions, primarily serving enterprise markets, harsh environments, specialty markets, and the wireless carrier sector. The company operates ISO 9001:2015 registered facilities in Roanoke, Virginia, near Asheville, North Carolina, and Dallas, Texas.
Optical Cable (OCC) reported mixed results for Q4 and fiscal year 2024. Q4 showed strong performance with net sales increasing 12.4% to $19.5 million and gross profit rising 68.6% to $6.5 million, compared to the same period in 2023. Gross profit margin improved to 33.5% from 22.4%. The company recorded Q4 net income of $373,000 ($0.05 per share), compared to a net loss of $1.3 million in Q4 2023.
However, fiscal year 2024 results were challenging, with net sales declining 7.6% to $66.7 million and gross profit decreasing 18.3% to $18.2 million. The company reported a net loss of $4.2 million ($0.54 per share) for FY2024, compared to net income of $2.1 million in FY2023. Management noted signs of industry recovery and expects growth opportunities in fiscal 2025.
Optical Cable (OCC) has announced it will release its Q4 and fiscal year 2024 results on December 23, 2024, covering the periods ended October 31, 2024. The company will host a conference call at 10:30 a.m. Eastern Time on the same day.
Investors can participate by calling (800) 445-7795 in the U.S. or (785) 424-1699 internationally, using Conference ID: OCCQ424. A replay will be available through December 30, 2024. Individual investors can submit questions in advance to occ-jfwbk@joelefrank.com by 9:00 a.m. ET on December 23.
OCC is a leading manufacturer of fiber optic and copper data communication solutions, serving enterprise, harsh environment, specialty, and wireless carrier markets from facilities in Roanoke, Virginia, Asheville, North Carolina, and Dallas, Texas.
Optical Cable (OCC) reported financial results for Q3 FY2024. Net sales decreased 4.2% to $16.2 million compared to Q3 FY2023. The company experienced increased sales in the enterprise market, offset by decreases in specialty markets. Gross profit declined 23.4% to $3.9 million, with gross profit margin at 24.2%. OCC recorded a net loss of $1.6 million, or $0.20 per share. For the first nine months of FY2024, net sales decreased 14% to $47.2 million, with a net loss of $4.6 million. Despite challenging market conditions, OCC has seen increasing sales order backlog since the beginning of FY2024, rising to $6.5 million at the end of Q3.
Optical Cable (OCC) has announced the release of its third quarter fiscal year 2024 results on September 11, 2024. The results cover the three-month and nine-month periods ended July 31, 2024. OCC will host a conference call at 10:30 a.m. Eastern Time on the same day to discuss the results. Investors can participate by calling (800) 245-3047 in the U.S. or (203) 518-9765 internationally, using Conference ID: OCCQ324. A replay will be available until September 18, 2024. The call will also be broadcast live on the company's website. OCC invites analysts, fund investors, and individual investors to submit questions in advance to occ-jfwbk@joelefrank.com by 9:00 a.m. Eastern Time on September 11, 2024.
Optical Cable (Nasdaq GM: OCC) reported a 17.9% decline in net sales for Q2 FY2024, totaling $16.1 million, compared to $19.6 million in Q2 FY2023. Sequentially, net sales increased by 8.5% from $14.9 million in Q1 FY2024. Gross profit for Q2 FY2024 was $4.0 million, down 40.5% from $6.8 million in Q2 FY2023 but up 8.8% from $3.7 million in Q1 FY2024. Gross profit margin decreased to 25.1% from 34.6% YoY. SG&A expenses declined to $5.3 million from $5.7 million YoY. OCC recorded a net loss of $1.6 million, or $0.21 per share, compared to a net income of $2.4 million, or $0.31 per share, YoY. For the first half of FY2024, net sales were $31.0 million, down 18.3% YoY. Gross profit for the first half was $7.8 million, a 41.7% decrease YoY. SG&A expenses for the first half decreased by 6.3% to $10.4 million. OCC recorded a net loss of $3.0 million, or $0.39 per share, for the first half of FY2024, compared to a net income of $3.2 million, or $0.41 per share, YoY.
On June 6, 2024, Optical Cable (Nasdaq: OCC) announced it will release its Q2 FY2024 results on June 10, 2024. The results will cover the three and six-month periods ending April 30, 2024. A conference call to discuss these results will be held at 11:00 a.m. Eastern Time on the same day. To participate, individuals can call provided U.S. or international numbers with Conference ID: OCCQ224. A replay will be available through June 17, 2024. The call will be broadcast live online, accessible through the investor relations section of OCC's website. Questions from analysts, fund investors, and individual investors are welcomed and can be submitted in advance.
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