Optical Cable Corporation reports Q3 EPS 4c vs. (20c) last year

Reports Q3 revenue $19.9M vs. $16.2M last year. CEO Neil Wilkin said, “This was a strong quarter for OCC. OCC delivered significant net sales growth and gross profit expansion during both Q3 and first nine months of this fiscal year-capturing additional opportunities as demand for our products increased in many of our markets. We also continued to see the benefits of OCC’s significant operating leverage during the third quarter, as our 22.8% year-over-year increase in net sales drove gross profit growth of 61.2%. The OCC team is executing well against our long-term growth strategy. Further, we anticipate our strategic collaboration with Lightera will provide additional growth opportunities for OCC. Looking ahead, we are confident that OCC continues to be well positioned in our markets to capture growth opportunities through the fiscal year and beyond as we remain focused on creating shareholder value.”