OPTICAL CABLE CORP

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.