Optical Cable (OCC) - 2025 Q1 - Quarterly Results

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$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]