Optical Cable Corporation (OCC) financial statements (2021 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)

1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
4/30/2020
Q2
1/31/2020
Q1
10/31/2019
Q4
7/31/2019
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments4521419994,2956945371,100
Cash and cash equivalents4521419994,2956945371,100
Receivables6,2647,5866,8507,8066,82410,3739,965
Inventory, net of allowances, customer advances and progress billings17,38017,10017,12917,03717,18018,09618,813
Inventory17,38017,10017,12917,03717,18018,09618,813
Other undisclosed current assets391496320305401374474
Total current assets:24,48725,32325,29829,44325,09929,38030,351
Noncurrent Assets
Nontrade receivables    252550
Property, plant and equipment8,5798,8129,0659,3439,69710,01010,420
Intangible assets, net (including goodwill)670666665662670659664
Intangible assets, net (excluding goodwill)670666665662670659664
Other noncurrent assets1,6281,7581,8861,5231,1733234
Total noncurrent assets:10,87811,23511,61511,52811,56610,72711,168
TOTAL ASSETS:35,36536,55836,91340,97136,66540,10741,518
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:4,1372,8613,4214,9644,6175,4595,853
Employee-related liabilities1,5971,4631,3801,4001,1311,7631,843
Taxes payable17141221191521
Other undisclosed accounts payable and accrued liabilities2,5231,3842,0303,5423,4673,6813,990
Debt315312309306500739768
Other undisclosed current liabilities4,9113,0933,8619,0586,8007,4297,514
Total current liabilities:9,3636,2667,59114,32711,91813,62714,136
Noncurrent Liabilities
Long-term debt and lease obligation4,7744,8534,9325,0115,0895,1705,456
Long-term debt, excluding current maturities4,7744,8534,9325,0115,0895,1705,456
Liabilities, other than long-term debt1,4521,8241,6741,2699777170
Other liabilities1,4521,8241,6741,2699777170
Other undisclosed noncurrent liabilities6,6178,3557,0903,345   
Total noncurrent liabilities:12,84315,03213,6969,6256,0665,2415,526
Total liabilities:22,20621,29821,28723,95217,98418,86819,662
Stockholders' equity
Stockholders' equity attributable to parent13,15915,26015,62617,01918,68121,23921,856
Common stock14,04314,00213,96213,92113,89413,85313,814
Retained earnings (accumulated deficit)(884)1,2581,6643,0984,7877,3868,042
Total stockholders' equity:13,15915,26015,62617,01918,68121,23921,856
TOTAL LIABILITIES AND EQUITY:35,36536,55836,91340,97136,66540,10741,518

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

1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
4/30/2020
Q2
1/31/2020
Q1
10/31/2019
Q4
7/31/2019
Q3
Revenues11,87713,88713,63914,86312,88718,25017,367
Cost of revenue
(Cost of Goods and Services Sold)
(9,567)(9,674)(10,167)(10,867)(10,483)(13,308)(12,876)
Gross profit:2,3094,2133,4723,9972,4044,9424,491
Operating expenses(4,319)(4,323)(4,571)(5,560)(4,834)(5,476)(5,428)
Other undisclosed operating income (loss)7(124)(193)3(18)5(0)
Operating loss:(2,002)(233)(1,292)(1,560)(2,448)(529)(937)
Nonoperating expense(171)(170)(137)(124)(139)(124)(136)
Interest and debt expense(174)(173)(136)(125)(137)(139)(136)
Loss from continuing operations before equity method investments, income taxes:(2,348)(576)(1,565)(1,809)(2,724)(792)(1,208)
Other undisclosed income from continuing operations before income taxes174173136125137139136
Loss from continuing operations before income taxes:(2,174)(403)(1,429)(1,684)(2,587)(653)(1,072)
Income tax expense (benefit)32(3)(5)(5)(5)(4)(13)
Net loss available to common stockholders, diluted:(2,141)(406)(1,434)(1,689)(2,592)(657)(1,085)

Comprehensive Income ($ in thousands)

1/31/2021
Q1
10/31/2020
Q4
7/31/2020
Q3
4/30/2020
Q2
1/31/2020
Q1
10/31/2019
Q4
7/31/2019
Q3
Net loss:(2,141)(406)(1,434)(1,689)(2,592)(657)(1,085)
Comprehensive loss, net of tax, attributable to parent:(2,141)(406)(1,434)(1,689)(2,592)(657)(1,085)

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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