Optical Cable Clocks 15% Sales Growth In Q3

September 13, 2021 10:29 AM | 30 seconds read | Make a Comment

Optical Cable Corp OCC reported third-quarter FY21 net sales growth of 14.6% year-on-year to $15.6 million.
Optical Cable increased net sales in both its enterprise and specialty markets, including the wireless carrier market.
Gross profit increased 17.8% to $4.1 million. The gross margin expanded 70 bps to 26.2%.
EPS was $0.71 versus $(0.20) last year.
Optical Cable held $0.12 million in cash and equivalents as of April 30.
Price Action: OCC shares traded lower by 3.04% at $3.51 on the last check Monday.