OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2025 FINANCIAL RESULTS
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.
Cavo Ottico (OCC) ha riportato i risultati finanziari del primo trimestre dell'anno fiscale 2025, mostrando tendenze di crescita positive. Le vendite nette sono aumentate del 6,0% a $15,7 milioni rispetto ai $14,9 milioni del primo trimestre dell'anno fiscale 2024. L'azienda ha registrato una crescita notevole sia nei mercati aziendali che in quelli specializzati, con una particolare forza nei mercati militari.
Il profitto lordo ha visto un aumento significativo del 24,6% a $4,6 milioni, con il margine di profitto lordo che è migliorato al 29,4% rispetto al 25,0% dell'anno precedente. Le vendite internazionali sono cresciute del 21,3%, mentre le vendite nazionali sono aumentate del 2,3%. L'ordine arretrato dell'azienda è salito a $6,6 milioni rispetto ai $5,7 milioni di ottobre 2024.
Nonostante questi miglioramenti, OCC ha riportato una perdita netta di $1,1 milioni ($0,14 per azione), rispetto a una perdita di $1,4 milioni ($0,18 per azione) nel primo trimestre dell'anno fiscale 2024. Le spese SG&A sono aumentate a $5,5 milioni, rappresentando il 34,7% delle vendite nette.
Cable Óptico (OCC) informó sus resultados financieros del primer trimestre del año fiscal 2025, mostrando tendencias de crecimiento positivas. Las ventas netas aumentaron un 6,0% a $15,7 millones en comparación con $14,9 millones en el primer trimestre del año fiscal 2024. La empresa experimentó un crecimiento notable tanto en los mercados empresariales como en los especializados, con una fuerza particular en los mercados militares.
El beneficio bruto vio un aumento significativo del 24,6% a $4,6 millones, con el margen de beneficio bruto mejorando al 29,4% desde el 25,0% del año anterior. Las ventas internacionales crecieron un 21,3%, mientras que las ventas nacionales aumentaron un 2,3%. La cartera de pedidos de la empresa aumentó a $6,6 millones desde $5,7 millones en octubre de 2024.
A pesar de estas mejoras, OCC reportó una pérdida neta de $1,1 millones ($0,14 por acción), en comparación con una pérdida de $1,4 millones ($0,18 por acción) en el primer trimestre del año fiscal 2024. Los gastos SG&A aumentaron a $5,5 millones, representando el 34,7% de las ventas netas.
광케이블 (OCC)는 2025 회계연도 1분기 재무 결과를 발표하며 긍정적인 성장 추세를 보였습니다. 순매출은 1년 전 1,490만 달러에서 1,570만 달러로 6.0% 증가했습니다. 회사는 기업 및 특수 시장 모두에서 눈에 띄는 성장을 경험했으며, 특히 군사 시장에서 강세를 보였습니다.
총 이익은 24.6% 증가하여 460만 달러에 달했으며, 총 이익률은 전년 대비 25.0%에서 29.4%로 개선되었습니다. 국제 매출은 21.3% 증가했으며, 국내 매출은 2.3% 증가했습니다. 회사의 주문 잔고는 2024년 10월 570만 달러에서 660만 달러로 증가했습니다.
이러한 개선에도 불구하고 OCC는 1,100,000달러($0.14 per share)의 순손실을 기록했으며, 이는 2024 회계연도 1분기의 1,400,000달러($0.18 per share) 손실과 비교됩니다. SG&A 비용은 550만 달러로 증가했으며, 이는 순매출의 34.7%를 차지합니다.
Câble Optique (OCC) a publié ses résultats financiers pour le premier trimestre de l'exercice 2025, montrant des tendances de croissance positives. Les ventes nettes ont augmenté de 6,0% pour atteindre 15,7 millions de dollars, contre 14,9 millions de dollars au premier trimestre de l'exercice 2024. L'entreprise a connu une croissance remarquable tant sur les marchés d'entreprise que spécialisés, avec une force particulière sur les marchés militaires.
Le bénéfice brut a connu une augmentation significative de 24,6% pour atteindre 4,6 millions de dollars, avec une marge bénéficiaire brute améliorée à 29,4% contre 25,0% l'année précédente. Les ventes internationales ont augmenté de 21,3%, tandis que les ventes nationales ont crû de 2,3%. Le carnet de commandes de l'entreprise est passé de 5,7 millions de dollars en octobre 2024 à 6,6 millions de dollars.
Malgré ces améliorations, OCC a enregistré une perte nette de 1,1 million de dollars (0,14 dollar par action), par rapport à une perte de 1,4 million de dollars (0,18 dollar par action) au premier trimestre de l'exercice 2024. Les dépenses SG&A ont augmenté à 5,5 millions de dollars, représentant 34,7% des ventes nettes.
Optisches Kabel (OCC) hat seine finanziellen Ergebnisse für das erste Quartal des Geschäftsjahres 2025 veröffentlicht und zeigt positive Wachstumstrends. Der Nettoumsatz stieg um 6,0% auf 15,7 Millionen Dollar im Vergleich zu 14,9 Millionen Dollar im ersten Quartal des Geschäftsjahres 2024. Das Unternehmen verzeichnete ein bemerkenswertes Wachstum sowohl in den Unternehmens- als auch in den Spezialmärkten, mit besonderer Stärke in den Militärmärkten.
Der Bruttogewinn verzeichnete einen signifikanten Anstieg von 24,6% auf 4,6 Millionen Dollar, wobei die Bruttogewinnmarge von 25,0% auf 29,4% im Jahresvergleich verbessert wurde. Der internationale Umsatz wuchs um 21,3%, während der inländische Umsatz um 2,3% zunahm. Der Auftragsbestand des Unternehmens stieg von 5,7 Millionen Dollar im Oktober 2024 auf 6,6 Millionen Dollar.
Trotz dieser Verbesserungen berichtete OCC über einen Nettoverlust von 1,1 Millionen Dollar (0,14 Dollar pro Aktie), verglichen mit einem Verlust von 1,4 Millionen Dollar (0,18 Dollar pro Aktie) im ersten Quartal des Geschäftsjahres 2024. Die SG&A-Ausgaben stiegen auf 5,5 Millionen Dollar, was 34,7% des Nettoumsatzes entspricht.
- Net sales increased 6.0% to $15.7 million
- Gross profit grew 24.6% to $4.6 million
- Gross profit margin improved to 29.4% from 25.0%
- International sales increased 21.3%
- Order backlog grew to $6.6 million from $5.7 million
- Net loss per share improved to $0.14 from $0.18
- Reported net loss of $1.1 million
- SG&A expenses increased to $5.5 million
- SG&A as percentage of sales increased to 34.7% from 34.3%
Insights
Optical Cable 's Q1 FY2025 results present a mixed financial picture with notable operational improvements alongside persistent challenges. The 6.0% revenue growth to
International sales growth of
Despite these improvements, OCC continues to operate at a loss of
The disproportionate improvement in bottom-line results compared to top-line growth demonstrates significant operating leverage, suggesting that relatively modest additional revenue increases could potentially push the company toward breakeven in upcoming quarters if expense growth is controlled.
Net Sales Increased
First Quarter 2025 Financial Results
Consolidated net sales for the first quarter of fiscal year 2025 increased
Net sales to customers outside of
Gross profit increased
Gross profit margin, or gross profit as a percentage of net sales, was
SG&A expenses increased to
For the first quarter of fiscal year 2025, OCC recorded a net loss of
Management's Comments
Neil Wilkin, President and Chief Executive Officer of OCC, said, "I'm proud of the OCC team, which delivered a strong start to fiscal year 2025 in a dynamic market environment. During our first fiscal quarter, we achieved growth across key metrics including net sales and gross profit. We have strong momentum in our enterprise and specialty markets, including the military sector. Our focus on executing our growth strategies and operating efficiently will drive results this year, including gross profit margin expansion with increased volume. Looking ahead, OCC's backlog is growing, and we are poised to capitalize on growth opportunities and drive long-term value for our customers and shareholders."
Conference Call Information
As previously announced, OCC will host a conference call today, March 10, 2025, at 11:00 a.m. Eastern Time. Individuals wishing to participate in the conference call should call (800) 445-7795 in the
Company Information
Optical Cable Corporation ("OCC®") is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market and various harsh environment and specialty markets (collectively, the non-carrier markets) and also the wireless carrier market, offering integrated suites of high-quality products which operate as a system solution or seamlessly integrate with other components.
OCC® is internationally recognized for pioneering innovative fiber optic and copper communications technologies, including fiber optic cable designs for the most demanding environments and applications, copper connectivity designs to meet the highest data communication industry standards, as well as a broad product offering built on the evolution of these fundamental technologies.
OCC uses its expertise to deliver cabling and connectivity products and integrated solutions that are best suited to the performance requirements of each end-user's application. And OCC's solutions offerings cover a broad range of applications—from commercial, enterprise network, datacenter, residential and campus installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications, as well as for the wireless carrier market.
Founded in 1983, OCC is headquartered in
Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, and associated logos are trademarks of Optical Cable Corporation.
Further information about OCC® is available at www.occfiber.com.
FORWARD-LOOKING INFORMATION
This news release by Optical Cable Corporation and its subsidiaries (collectively, the "Company" or "OCC") may contain certain forward-looking information within the meaning of the federal securities laws. The forward-looking information may include, among other information, (i) statements concerning our outlook for the future, (ii) statements of belief, anticipation or expectation, (iii) future plans, strategies or anticipated events, and (iv) similar information and statements concerning matters that are not historical facts. Such forward-looking information is subject to known and unknown variables, uncertainties, contingencies and risks that may cause actual events or results to differ materially from our expectations, and such known and unknown variables, uncertainties, contingencies and risks may also adversely affect Optical Cable Corporation and its subsidiaries, the Company's future results of operations and future financial condition, and/or the future equity value of the Company. A partial list of such variables, uncertainties, contingencies and risks that could cause or contribute to such differences from our expectations or that could otherwise adversely affect Optical Cable Corporation and its subsidiaries is set forth in Optical Cable Corporation's quarterly and annual reports filed with the Securities and Exchange Commission ("SEC") under the heading "Forward-Looking Information." OCC's quarterly and annual reports are available to the public on the SEC's website at www.sec.gov. In providing forward-looking information, the Company expressly disclaims any obligation to update this information, whether as a result of new information, future events or otherwise except as required by applicable laws and regulations.
(Financial Tables Follow)
OPTICAL CABLE CORPORATION CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (thousands, except per share data) (unaudited) | ||||
Three Months Ended | ||||
2025 | 2024 | |||
Net sales | $ 15,743 | $ 14,855 | ||
Cost of goods sold | 11,116 | 11,141 | ||
Gross profit | 4,627 | 3,714 | ||
SG&A expenses | 5,459 | 5,093 | ||
Royalty expense, net | 6 | 7 | ||
Amortization of intangible assets | 14 | 14 | ||
Loss from operations | (852) | (1,400) | ||
Interest expense, net | (264) | (298) | ||
Other, net | 21 | 280 | ||
Other expense, net | (243) | (18) | ||
Loss before income taxes | (1,095) | (1,418) | ||
Income tax expense | 12 | 7 | ||
Net loss | $ (1,107) | $ (1,425) | ||
Net loss per share: | ||||
Basic and diluted | $ (0.14) | $ (0.18) | ||
Weighted average shares outstanding: | ||||
Basic and diluted | 7,815 | 7,751 | ||
OPTICAL CABLE CORPORATION CONDENSED CONSOLIDATED BALANCE SHEET DATA (thousands) (unaudited)
| |||
January 31, | October 31, | ||
Cash | $ 128 | $ 244 | |
Trade accounts receivable, net | 8,206 | 10,946 | |
Inventories | 19,098 | 18,725 | |
Other current assets | 590 | 685 | |
Total current assets | 28,022 | 30,600 | |
Non-current assets | 9,795 | 9,758 | |
Total assets | $ 37,817 | $ 40,358 | |
Current liabilities | $ 13,629 | $ 15,144 | |
Non-current liabilities | 4,447 | 4,372 | |
Total liabilities | 18,076 | 19,516 | |
Total shareholders' equity | 19,741 | 20,842 | |
Total liabilities and shareholders' equity | $ 37,817 | $ 40,358 | |
AT THE COMPANY: | |
Neil Wilkin | Tracy Smith |
Chairman, President & CEO | Senior Vice President & CFO |
(540) 265-0690 | (540) 265-0690 |
AT JOELE FRANK, WILKINSON BRIMMER KATCHER: | |
Aaron Palash | Spencer |
(212) 355-4449 ext. 8603 | (212) 355-4449 ext. 8928 |
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SOURCE Optical Cable Corporation
FAQ
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