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Stock impact report

OPTICAL CABLE CORPORATION REPORTS FOURTH QUARTER AND FISCAL YEAR 2024 FINANCIAL RESULTS [Yahoo! Finance]

Optical Cable Corporation (OCC) 
US:NASDAQ Investor Relations: occfiber.com/investor-relations
Company Research Source: Yahoo! Finance
ROANOKE, Va. Dec. 23, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC ® " or the "Company") today announced financial results for its fourth quarter and fiscal year 2024 ended October 31, 2024 (PRNewsfoto/Optical Cable Corporation) Fourth Quarter 2024 Financial Results Consolidated net sales for the fourth quarter of fiscal year 2024 increased 12.4% to $19.5 million , compared to $17.3 million for the same period in the prior year. OCC experienced increases in net sales in both its enterprise and specialty markets. OCC's quarterly net sales sequentially increased 20.1% during the fourth quarter of fiscal year 2024, compared to the third quarter. OCC has now achieved higher sequential net sales each quarter since the first quarter of fiscal year 2024. OCC believes opportunities to improve net sales will continue during fiscal year 2025, compared to fiscal year 2024. Gross profit increased 68.6% to $6.5 million in the fourth quarter of fiscal year 2024, co Show less Read more
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