Optical Cable Corporation (OCC) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments138132121361452141999
Cash and cash equivalents138132121361452141999
Receivables8,3928,3769,1118,6376,2647,5866,850
Inventory, net of allowances, customer advances and progress billings17,90716,30415,73516,83317,38017,10017,129
Inventory17,90716,30415,73516,83317,38017,10017,129
Other undisclosed current assets2,6562,7543,9633,832391496320
Total current assets:29,09327,56628,93129,66324,48725,32325,298
Noncurrent Assets
Property, plant and equipment7,7907,9138,1558,3688,5798,8129,065
Intangible assets, net (including goodwill)643647654658670666665
Intangible assets, net (excluding goodwill)643647654658670666665
Other noncurrent assets1,5771,7911,6831,7881,6281,7581,886
Total noncurrent assets:10,01010,35110,49310,81410,87811,23511,615
TOTAL ASSETS:39,10337,91739,42440,47735,36536,55836,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,8114,2763,6494,3994,1372,8613,421
Employee-related liabilities1,6681,5541,5051,7931,5971,4631,380
Taxes payable2513818171412
Other undisclosed accounts payable and accrued liabilities3,1182,7092,1352,5882,5231,3842,030
Debt328325322292315312309
Other undisclosed current liabilities1,6931,5671,5146,7924,9113,0933,861
Total current liabilities:6,8336,1685,48411,4839,3636,2667,591
Noncurrent Liabilities
Long-term debt and lease obligation4,4464,5294,6114,6924,7744,8534,932
Long-term debt, excluding current maturities4,4464,5294,6114,6924,7744,8534,932
Liabilities, other than long-term debt1,0041,5481,6051,7191,4521,8241,674
Other liabilities1,0041,5481,6051,7191,4521,8241,674
Other undisclosed noncurrent liabilities5,5303,4665,6305,9376,6178,3557,090
Total noncurrent liabilities:10,9809,54311,84612,34812,84315,03213,696
Total liabilities:17,81315,71117,33023,83122,20621,29821,287
Stockholders' equity
Stockholders' equity attributable to parent21,29022,20622,09416,64613,15915,26015,626
Common stock14,35714,33814,22014,14414,04314,00213,962
Retained earnings (accumulated deficit)6,9337,8687,8742,501(884)1,2581,664
Total stockholders' equity:21,29022,20622,09416,64613,15915,26015,626
TOTAL LIABILITIES AND EQUITY:39,10337,91739,42440,47735,36536,55836,913

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

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
Revenues14,44015,88415,63515,74111,87713,88713,639
Cost of revenue
(Cost of Goods and Services Sold)
(10,394)(10,829)(11,545)(10,922)(9,567)(9,674)(10,167)
Gross profit:4,0465,0554,0904,8192,3094,2133,472
Operating expenses(4,792)(4,823)(4,542)(4,601)(4,319)(4,323)(4,571)
Other undisclosed operating income (loss)(7)(8)(5)437(124)(193)
Operating income (loss):(753)225(457)261(2,002)(233)(1,292)
Nonoperating income (expense)(170)(228)5,8333,130(171)(170)(137)
Other nonoperating income (expense)(11)4,9749673,31133(1)
Interest and debt expense(158) (175)(181)(174)(173)(136)
Income (loss) from continuing operations before equity method investments, income taxes:(1,081)(4)5,2013,211(2,348)(576)(1,565)
Other undisclosed income from continuing operations before income taxes158 175181174173136
Income (loss) from continuing operations before income taxes:(923)(4)5,3773,392(2,174)(403)(1,429)
Income tax expense (benefit)(13)(2)(4)(7)32(3)(5)
Net income (loss) available to common stockholders, diluted:(936)(6)5,3733,385(2,141)(406)(1,434)

Comprehensive Income ($ in thousands)

1/31/2022
Q1
10/31/2021
Q4
7/31/2021
Q3
4/30/2021
Q2
1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
Net income (loss):(936)(6)5,3733,385(2,141)(406)(1,434)
Comprehensive income (loss), net of tax, attributable to parent:(936)(6)5,3733,385(2,141)(406)(1,434)

Statements sources

The financial statements are based on the company's filings with the 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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