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Optical Cable (OCC) - 2025 Q2 - Quarterly Results
OCCOptical Cable (OCC)2025-06-06 20:16

Sales Performance - Consolidated net sales for Q2 FY2025 increased by 8.9% to 17.5millioncomparedto17.5 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 33.3million,a7.533.3 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 5.3million,resultinginagrossprofitmarginof30.45.3 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 5.3millioninQ2FY2024[7]ThenetlossforQ2FY2025was5.3 million in Q2 FY2024[7] - The net loss for Q2 FY2025 was 698,000, or 0.09pershare,animprovementfromanetlossof0.09 per share, an improvement from a net loss of 1.6 million, or 0.21pershare,inQ2FY2024[7]Thecompanyreportedanetlossof0.21 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 3.0millioninthesameperiodlastyear[12]FutureOutlookThesalesorderbacklogincreasedto3.0 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]