Group 1 - The company focuses on two main types of investment situations: deep value stocks that are expected to grow and are underappreciated by the market, and investment trends triggered by significant changes in the world [1] - Understanding change is crucial as it often signifies the beginning of a new trend, and the company conducts detailed research on companies and themes to identify these opportunities [1] - The investment concepts developed can be either micro or macro in nature, with an emphasis on gaining a deeper understanding of situations compared to competitors to assess whether a security is mispriced [1] Group 2 - The company employs a thorough research methodology, including seeking insights from industry experts, former employees, and management to validate investment ideas [1] - The motivation for publishing on platforms like Seeking Alpha includes generating constructive criticism of investment ideas and seeking the truth in a landscape filled with opinions [1] - The company adheres to the principle of radical doubt, believing that the best-performing investment ideas are those where potential flaws in the thesis are understood in detail [1]

Lightera Makes Investment in OCCROANOKE, Va. and NORCROSS, Ga., July 7, 2025 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®") and Lightera, LLC ("Lightera") today announced the companies have entered into a strategic collaboration agreement to expand product offerings and solutions—especially for the data center and enterprise sectors. As a global leader in optical fiber and connectivity solutions, Lightera has a long history of industry-leading innovation, design and manufacturing capabi ...

Sales Performance - Consolidated net sales for Q2 FY2025 increased by 8.9% to $17.5 million compared to $16.1 million in Q2 FY2024[2] - Net sales to international customers rose by 27.1%, while domestic sales increased by 4.6% in Q2 FY2025[3] - For the first half of FY2025, net sales totaled $33.3 million, a 7.5% increase from $31.0 million in the first half of FY2024[8] Profitability - Gross profit for Q2 FY2025 increased by 32.1% to $5.3 million, resulting in a gross profit margin of 30.4%[5][6] - Gross profit for the first half of FY2025 was $10.0 million, up 28.5% from $7.8 million in the first half of FY2024[10] Expenses and Losses - SG&A expenses rose to $5.7 million in Q2 FY2025, compared to $5.3 million in Q2 FY2024[7] - The net loss for Q2 FY2025 was $698,000, or $0.09 per share, an improvement from a net loss of $1.6 million, or $0.21 per share, in Q2 FY2024[7] - The company reported a net loss of $1.8 million for the first half of FY2025, compared to a net loss of $3.0 million in the same period last year[12] Future Outlook - The sales order backlog increased to $7.2 million at the end of Q2 FY2025, up from $6.6 million at the end of Q1 FY2025[3] - Management noted positive industry trends and plans to focus on disciplined execution to drive shareholder value in the second half of the year[13]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission file number 0-27022 (Address of principal executive offices, including zip code) (540) 265-0690 (Registrant' ...

Optical Cable (OCC) Q2 2025 Earnings Call June 05, 2025 11:00 AM ET Company Participants Spencer Hoffman - DirectorNeil Wilkin - Chairman, President & CEOTracy Smith - SVP and CFO Conference Call Participants Manny Stoupakis - Research Analyst Spencer Hoffman Good morning, and thank you for joining us for Optical Cable Corporation's Second Quarter Fiscal Year twenty twenty five Conference Call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit w ...

Optical Cable (OCC) Q2 2025 Earnings Call June 05, 2025 11:00 AM ET Speaker0 Good morning, and thank you for joining us for Optical Cable Corporation's Second Quarter Fiscal Year twenty twenty five Conference Call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit www.occfiber.com for a copy. On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC and Tracy Smith, Senior Vice President and Chief Financial Officer. ...

Group 1 - The Oklahoma Corporation Commission (OCC) has approved Public Service Company of Oklahoma's (PSO) acquisition of the Green Country Power Plant, a 795 MW natural gas-fired facility, to enhance its capacity to meet rising energy demands [1][2] - This acquisition is expected to be finalized by July 2025 and is part of PSO's commitment to provide affordable and reliable energy while supporting economic development in Oklahoma [2][3] - The purchase will not only strengthen grid reliability but also generate local benefits, including increased ad valorem tax revenue that will support Tulsa County schools, public services, and job creation [3] Group 2 - PSO serves nearly 575,000 customer accounts in eastern and southwestern Oklahoma and has approximately 4,400 megawatts of diverse generating capacity, primarily from wind and natural gas [4] - The company operates over 20,000 miles of distribution lines and 3,800 miles of transmission lines, making it one of the largest distributors of wind energy in the state [4] - PSO was recognized with an Emergency Response Award by the Edison Electric Institute in January 2025, highlighting its commitment to service and community [4]

Core Viewpoint - Wells Fargo & Company (WFC) is making progress in resolving regulatory issues, as evidenced by the termination of a 2015 agreement by the Office of the Comptroller of the Currency (OCC), which has positively impacted its stock price and moves the bank closer to lifting its $1.95-trillion asset cap [1][5]. Group 1: Regulatory Progress - The termination of the 2015 agreement is the 13th consent order resolved by Wells Fargo since 2019 and the seventh since the beginning of 2025, indicating a significant step forward in addressing regulatory challenges [2]. - The bank has faced scrutiny from regulators due to scandals, including the creation of millions of unauthorized accounts, leading to a $1.95-trillion asset cap imposed by the Federal Reserve since 2018 [3]. - CEO Charlie Scharf expressed confidence in the bank's regulatory improvements and highlighted ongoing efforts to strengthen compliance, including an annual allocation of $2 billion to enhance risk controls and operational processes [4]. Group 2: Impact of Asset Cap - The termination of the OCC's 2015 consent order brings Wells Fargo closer to lifting the asset cap, with the focus now on the remaining 2018 Federal Reserve board consent order [5]. - The asset cap has hindered the bank's growth potential, particularly affecting loan growth, which is crucial for the bank's asset base [6]. - Lifting the asset cap will enable Wells Fargo to offer loans without restrictions, supporting top-line expansion and positioning the bank for long-term growth [6]. Group 3: Stock Performance - Over the past year, WFC shares have gained 27.3%, compared to the industry's growth of 29.4%, reflecting a positive market response to the bank's regulatory progress [7].

Core Viewpoint - The termination of Wells Fargo's 2021 consent order by the OCC signifies progress in the bank's compliance efforts, marking the 11th consent order closed since 2019, and reflects positively on the bank's management under CEO Charlie Scharf [1][4][9]. Summary by Relevant Sections Consent Order Details - In 2021, the OCC imposed a $250 million fine on Wells Fargo for deficiencies in its home lending loss mitigation program and for failing to comply with a 2018 consent order regarding excessive fees charged to customers [2][3]. Management Remarks - CEO Charlie Scharf expressed satisfaction with the OCC's decision to terminate the consent order, highlighting improvements in the timeframe for closing consent orders compared to historical cases [4]. Compliance Progress - Scharf emphasized the bank's commitment to addressing compliance issues, stating that detailed plans have been developed for each consent order, which regulators have reviewed [5]. Recent Developments - The OCC has recently terminated several consent orders related to Wells Fargo's compliance risk management and legacy practices, indicating a trend towards resolving regulatory issues [6][7]. Future Implications - The termination of consent orders is expected to bolster investor confidence regarding the potential lifting of the $1.95 trillion asset cap imposed in 2018, which would allow Wells Fargo to expand its lending capabilities [8][9]. Stock Performance - Wells Fargo's shares have increased by 28.3% over the past six months, outperforming the industry growth of 13.7% [10].

Financial Performance - Consolidated net sales for Q1 FY 2025 increased by 6.0% to $15.7 million, compared to $14.9 million in Q1 FY 2024[3] - Gross profit rose by 24.6%, or $913,000, to $4.6 million, resulting in a gross profit margin of 29.4% compared to 25.0% in the prior year[5][6] - Net sales to international customers increased by 21.3%, while sales within the U.S. grew by 2.3%[4] - The company recorded a net loss of $1.1 million, or $0.14 per share, an improvement from a net loss of $1.4 million, or $0.18 per share, in Q1 FY 2024[8] Operational Metrics - The sales order backlog increased to $6.6 million from $5.7 million as of October 31, 2024[4] - SG&A expenses increased to $5.5 million, representing 34.7% of net sales, up from 34.3% in the previous year[7] - Total current assets decreased to $28.0 million from $30.6 million as of October 31, 2024[21] - Total liabilities decreased to $18.1 million from $19.5 million, while total shareholders' equity fell to $19.7 million from $20.8 million[21] Market Insights - The company noted strong momentum in enterprise and specialty markets, particularly in military sectors[9] - The company is focused on executing growth strategies and improving operational efficiency to drive long-term value[9]