Optical Cable Corporation (OCC) Financial Statements (2023 and earlier)

Company Profile

Business Address 5290 CONCOURSE DR
ROANOKE, VA 24019
State of Incorp. VA
Fiscal Year End October 31
Industry (SIC) 3357 - Drawing and Insulating of Nonferrous Wire (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

7/31/2023
MRQ
1/31/2023
MRQ
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments186216132141537177
Cash and cash equivalents186216132141537177
Receivables9,91110,9648,3767,58610,37312,833
Inventory, net of allowances, customer advances and progress billings22,26119,43916,30417,10018,09617,475
Inventory22,26119,43916,30417,10018,09617,475
Other undisclosed current assets7515782,754496374562
Total current assets:33,10931,19627,56625,32329,38031,047
Noncurrent Assets
Nontrade receivables     2549
Property, plant and equipment7,3027,3907,9138,81210,01011,205
Intangible assets, net (including goodwill)607618647666659635
Intangible assets, net (excluding goodwill)607618647666659635
Other noncurrent assets1,4831,3531,7911,75832162
Total noncurrent assets:9,3929,36210,35111,23510,72712,051
TOTAL ASSETS:42,50140,55837,91736,55840,10743,098
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,5585,3544,2762,8615,4593,256
Taxes payable13141522
Employee-related liabilities1,5541,4631,7633,489
Accrued liabilities1,814     
Other undisclosed accounts payable and accrued liabilities3,7445,3542,7091,3843,681(255)
Debt342338325312739261
Other undisclosed current liabilities1,8141,7911,5673,0937,4293,511
Total current liabilities:7,7147,4836,1686,26613,6277,028
Noncurrent Liabilities
Long-term debt and lease obligation4,1044,1914,5294,8535,1706,159
Long-term debt, excluding current maturities4,1044,1914,5294,8535,1706,159
Liabilities, other than long-term debt8567251,5481,82471101
Other liabilities8567251,5481,82471101
Other undisclosed noncurrent liabilities 6,8236,0003,4668,355 3,000
Total noncurrent liabilities:11,78310,9159,54315,0325,2419,260
Total liabilities:19,49718,39815,71121,29818,86816,288
Equity
Equity, attributable to parent23,00422,16022,20615,26021,23926,811
Common stock14,67314,63914,33814,00213,85313,816
Retained earnings8,3317,5217,8681,2587,38612,995
Total equity:23,00422,16022,20615,26021,23926,811
TOTAL LIABILITIES AND EQUITY:42,50140,55837,91736,55840,10743,098

Income Statement (P&L) ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Revenues72,92369,07959,13655,27771,32487,829
Cost of revenue
(Cost of Goods and Services Sold)
(49,936)(48,568)(42,862)(41,191)(53,020)(59,955)
Gross profit:22,98620,51116,27414,08618,30527,873
Operating expenses(20,688)(20,011)(18,285)(19,288)(23,473)(26,166)
Other undisclosed operating income (loss)(26)(27)37(332)733
Operating income (loss):2,272473(1,973)(5,533)(5,162)1,740
Nonoperating income (expense)(829)(795)8,564(570)(513)(688)
Other nonoperating income (expense)52(27)9,254(0)8(80)
Unusual or infrequent item, or both, net (gain) loss      
Interest and debt expense(881)(768)4,981(570)(521)(608)
Income (loss) from continuing operations before equity method investments, income taxes:562(1,091)11,572(6,673)(6,196)444
Other undisclosed income (loss) from continuing operations before income taxes881768(4,981)570521608
Income (loss) from continuing operations before income taxes:1,443(322)6,591(6,103)(5,675)1,052
Income tax expense (benefit)(44)(25)20(18)617
Income (loss) from continuing operations:1,399(347)6,611(6,121)(5,669)1,069
Income (loss) before gain (loss) on sale of properties:589(347)6,611(6,121)(5,669)1,069
Net income (loss) available to common stockholders, diluted:1,399(347)6,611(6,121)(5,669)1,069

Comprehensive Income ($ in thousands)

7/31/2023
TTM
1/31/2023
TTM
10/31/2022
10/31/2021
10/31/2020
10/31/2019
10/31/2018
Net income (loss):1,399(347)6,611(6,121)(5,669)1,069
Comprehensive income (loss), net of tax, attributable to parent:1,399(347)6,611(6,121)(5,669)1,069

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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