Optical Cable (OCC) - 2026 Q1 - Quarterly Results

Financial Performance - Consolidated net sales for Q1 FY 2026 increased 4.4% to $16.4 million, compared to $15.7 million in Q1 FY 2025[3] - Gross profit rose 16.1% to $5.4 million, with a gross profit margin of 32.7%, up from 29.4% in the same period last year[5] - Net sales to international customers increased by 18.0%, while U.S. sales grew by less than 1%[4] - Sales order backlog increased over 50% to $10.4 million compared to $7.3 million as of October 31, 2025[4][8] - The company recorded a net loss of $0.05 per share, an improvement from a net loss of $0.14 per share in Q1 FY 2025[7] Expenses and Assets - SG&A expenses rose to $5.6 million, up from $5.5 million in Q1 FY 2025, primarily due to increased personnel and shipping costs[7] - Total current assets decreased to $29.6 million from $30.8 million as of October 31, 2025[20] - Total liabilities decreased to $17.7 million from $18.5 million as of October 31, 2025[20] - Total shareholders' equity increased to $18.1 million from $16.5 million as of October 31, 2025[20] Future Outlook - The company is optimistic about growth in FY 2026, particularly in the data center market, and remains focused on disciplined execution[8]