Optical Cable (US:OCC)2025-12-19 21:15Financial Performance - Consolidated net sales for fiscal year 2025 increased 9.5% to $73.0 million, compared to $66.7 million for fiscal year 2024[3] - Gross profit increased 24.1% to $22.6 million in fiscal year 2025, with a gross profit margin of 30.9%, up from 27.3% in fiscal year 2024[5] - Net sales to customers in the United States increased 10.4%, while net sales to customers outside the United States increased 6.5% in fiscal year 2025[3] - For the fourth quarter of fiscal year 2025, consolidated net sales increased 1.8% to $19.8 million compared to $19.5 million for the same period in the prior year[7] - Gross profit for the fourth quarter of fiscal year 2025 decreased slightly to $6.3 million, with a gross profit margin of 31.9%[8] Expenses - SG&A expenses totaled $23.0 million in fiscal year 2025, up from $21.5 million in fiscal year 2024[6] - SG&A expenses in the fourth quarter of fiscal year 2025 increased to $6.0 million, compared to $5.9 million for the same period in fiscal year 2024[10] Net Loss - The company recorded a net loss of $1.5 million, or $0.18 per share, for fiscal year 2025, an improvement from a net loss of $4.2 million, or $0.54 per share, in fiscal year 2024[6] Strategic Initiatives - The company entered into a strategic collaboration with Lightera, LLC in July 2025 to expand product solutions offerings and growth opportunities[11] Management Outlook - Management expressed optimism about continued growth in fiscal year 2026 and beyond, highlighting strong positioning in target markets[12]