Optical Cable Corporation (OCC) Financial Statements (2024 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)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments193325186216192239
Cash and cash equivalents193325186216192239
Receivables9,31511,3079,91110,96410,15410,552
Inventory, net of allowances, customer advances and progress billings24,94623,10022,26119,43918,68718,646
Inventory24,94623,10022,26119,43918,68718,646
Other undisclosed current assets2,0502,0517515783682,632
Total current assets:36,50436,78333,10931,19629,40132,069
Noncurrent Assets
Property, plant and equipment7,2147,2757,3027,3907,5007,647
Intangible assets, net (including goodwill)580593607618630635
Intangible assets, net (excluding goodwill)580593607618630635
Other noncurrent assets1,2561,3251,4831,3531,4771,428
Total noncurrent assets:9,0509,1939,3929,3629,6079,710
TOTAL ASSETS:45,55445,97642,50140,55839,00841,779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:5,7025,2565,5585,3545,1806,252
Accrued liabilities1,8382,0641,814   
Other undisclosed accounts payable and accrued liabilities3,8643,1923,7445,3545,1806,252
Debt4,276344342338335331
Other undisclosed current liabilities1,8382,0641,8141,7911,5611,847
Total current liabilities:11,8167,6647,7147,4837,0768,430
Noncurrent Liabilities
Long-term debt and lease obligation7,3154,0174,1044,1914,2764,361
Long-term debt, excluding current maturities7,3154,0174,1044,1914,2764,361
Liabilities, other than long-term debt582722856725859768
Other liabilities582722856725859768
Other undisclosed noncurrent liabilities 8,0076,8236,0005,9137,045
Total noncurrent liabilities:7,89712,74511,78310,91511,04912,174
Total liabilities:19,71320,40919,49718,39818,12420,604
Equity
Equity, attributable to parent25,84125,56723,00422,16020,88421,175
Common stock14,98614,81214,67314,63914,55114,471
Retained earnings10,85510,7548,3317,5216,3336,705
Total equity:25,84125,56723,00422,16020,88421,175
TOTAL LIABILITIES AND EQUITY:45,55445,97642,50140,55839,00841,779

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

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Revenues16,94119,62018,28420,05617,38317,201
Cost of revenue
(Cost of Goods and Services Sold)
(11,825)(12,837)(11,762)(13,432)(12,574)(12,167)
Gross profit:5,1166,7836,5216,6234,8085,033
Operating expenses(4,971)(5,676)(5,469)(5,203)(4,968)(5,048)
Other undisclosed operating loss(7)(7)(7)(7)(7)(7)
Operating income (loss):1381,1001,0461,414(166)(21)
Nonoperating income (expense)(39)1,398(203)(218)(196)(212)
Other nonoperating income (expense)4(12)67122(30)
Unusual or infrequent item, or both, net (gain) loss2561,696    
Interest and debt expense(298)(286)(271)(230)(198)(183)
Income (loss) from continuing operations before equity method investments, income taxes:(198)2,212572966(560)(416)
Other undisclosed income from continuing operations before income taxes298286271230198183
Income (loss) from continuing operations before income taxes:1002,4988421,196(362)(233)
Income tax expense (benefit)1(75)(32)(8)(10)5
Income (loss) from continuing operations:1012,4238101,189(372)(228)
Income (loss) before gain (loss) on sale of properties:1,189(372)(228)
Net income (loss) available to common stockholders, diluted:1012,4238101,189(372)(228)

Comprehensive Income ($ in thousands)

10/31/2023
Q4
7/31/2023
Q3
4/30/2023
Q2
1/31/2023
Q1
10/31/2022
Q4
7/31/2022
Q3
4/30/2022
Q2
Net income (loss):1012,4238101,189(372)(228)
Comprehensive income (loss), net of tax, attributable to parent:1012,4238101,189(372)(228)

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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