OPTICAL CABLE CORP

Optical Cable Corporation announced strong financial results for its third quarter of fiscal year 2026. Net sales increased by 22.0% to $24.3 million, driven by growth in enterprise, data center, and specialty markets. Gross profit saw a substantial increase of 43.9% to $9.1 million, with gross profit margin improving to 37.4% due to increased volumes and manufacturing operating leverage. The company reported a net income of $1.9 million, or $0.21 per share, a significant improvement from the same period last year. For the year-to-date period, net sales grew 18.3% and the company moved from a net loss to a net income of $2.5 million.

Optical Cable Corporation announced strong financial results for its second quarter of fiscal year 2026, with net sales increasing 26.6% year-over-year to $22.2 million and gross profit rising 42.4% to $7.6 million. The company reported a net income of $1.1 million, a significant turnaround from a net loss in the same period last year. Key drivers included strong demand in enterprise, data center, and severe duty markets, alongside improved manufacturing operating leverage. The sales order backlog also saw substantial growth, indicating positive future demand.

Optical Cable Corporation (OCC) reported improved financial results for the three and six months ended April 30, 2026. Net sales increased year-over-year, reaching $22.21 million and $38.64 million respectively. The company swung to a net income of $1.05 million for the quarter and $0.66 million for the six-month period, a significant turnaround from losses in the prior year. Total assets grew to $42.41 million, while liabilities also increased to $20.17 million. OCC also secured a new $2.65 million term loan.

Optical Cable Corporation entered into a Business Loan Agreement and Promissory Note with Freedom First Federal Credit Union for $2,650,000. The new loan, effective April 30, 2026, has a term until May 1, 2036, and is secured by real property in Roanoke County, Virginia. Concurrently, the company fully repaid its existing Virginia Real Estate Loan with Northeast Bank, which had a maturity date of May 5, 2026, and an interest rate of at least 8.5% per annum.