Optical Cable Corporation (NASDAQ:OCC) Q3 2019 Results Conference Call September 16, 2019 12:00 PM ET Company Participants Aaron Palash - IR Neil Wilkin - President and CEO Tracy Smith - SVP and CFO Conference Call Participants Operator Good morning. My name is Maria, and I'll be your conference operator today. At this time, I would like to welcome you to the Optical Cable Corporation Third Quarter 2019 Earnings Conference Call. All lines have been placed on mute to prevent any background noise. After the s ...

Optical Cable Corporation (NASDAQ:OCC) Q2 2019 Results Earnings Conference Call June 11, 2019 10:00 AM ET Company Participants Aaron Palash - IR Neil Wilkin - President and CEO Tracy Smith - SVP and CFO Conference Call Participants Operator Good morning. My name is Lorrie, and I'll be your conference operator today. At this time, I would like to welcome you to the Optical Cable Corporation Second Quarter 2019 Earnings Conference Call. [Operator Instructions] I'll now turn the call over to Aaron Palash to be ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended April 30, 2019 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 OPTICAL CABLE CORPORATION (Exact name of registrant as specified in its charter) ( ...

Financial Data and Key Metrics Changes - Consolidated net sales for Q1 2019 were $16.8 million, a decrease of 4.6% compared to $17.6 million in Q1 2018 [13] - Gross profit was $3.6 million in Q1 2019, with a gross profit margin of 21.3%, down from 29.8% in Q1 2018 [15][16] - The company recorded a net loss of $3.3 million or $0.44 per share for Q1 2019, compared to a net loss of $410,000 or $0.06 per share in Q1 2018 [20] Business Line Data and Key Metrics Changes - The decrease in net sales was observed in both specialty and enterprise markets, with a notable decline in specialty markets due to a $1.2 million military project that did not recur [13][14] - Sales order backlog was $10 million at the end of Q1 2019, higher than the $8 million backlog at the end of the previous fiscal year [10][11] Market Data and Key Metrics Changes - Net sales to U.S. customers decreased by 2% in Q1 2019, while sales to international customers decreased by 14.1% [14] - The company noted strength in demand for its products, particularly in specialty markets, despite the overall sales decline [8] Company Strategy and Development Direction - The company is focused on increasing throughput and efficiency at its Roanoke facility to meet rising product demand [7][9] - OCC is optimistic about future growth opportunities and is committed to executing its growth strategies in targeted markets [11] Management's Comments on Operating Environment and Future Outlook - Management acknowledged that the first half of the fiscal year tends to be slower, with expectations for stronger performance in the second half [27][30] - The company views 5G as a significant opportunity and is positioning itself to capitalize on this market [33] Other Important Information - SG&A expenses increased by 21.9% to $6.8 million in Q1 2019, primarily due to higher employee-related costs [17][18] - The company had outstanding borrowings of $4.8 million on its revolving credit note and $6.4 million under its real estate term loan as of January 31, 2019 [21] Q&A Session Summary Question: What is driving the optimism in specialty markets? - Management noted strength in diverse customer bases and highlighted a significant military order that did not recur, impacting comparisons [26] Question: What drives the seasonality in sales? - The first quarter typically experiences lower sales due to winter and holiday months, with stronger sales expected in the second half of the year [30] Question: What interest is OCC seeing in 5G? - Management believes 5G presents a significant opportunity and is taking steps to participate in this market [33] Question: Has the company received any unsolicited acquisition proposals? - Management declined to comment on any M&A strategies or proposals, emphasizing a focus on long-term shareholder value [37] Question: Why was cash lower at quarter-end compared to the prior quarter? - Management indicated that initiatives in place are reflected in cost of goods sold, with SG&A reflecting additional charges related to high growth [39] Question: What are the plans for future stock-based compensation? - Management stated that stock compensation aligns leadership with shareholder interests, and no shares were granted in January 2019 due to ongoing initiatives [41] Question: Can the company disclose backlog figures going forward? - Management confirmed the backlog at the end of Q1 2019 was $10 million and expressed a commitment to meaningful disclosures [46] Question: Who are OCC's peer companies? - Management noted that OCC competes with larger companies like Corning and CommScope, but emphasized its unique position in various markets [50]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q [ X ] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2019 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 OPTICAL CABLE CORPORATION (Exact name of registrant as specified in its charter) ...