OPTICAL CABLE CORP

Listed Company

OCCCIK 0001000230NasdaqNon-AcceleratedSmaller ReportingDrawing & Insulating Of Nonferrous WireVirginiaFY ends Oct 31

Period

FY 2025

Revenue

—

Net Income

$-1.45M

Total Assets

$40.06M

Equity

$16.51M

Shares Out

8.83M

Op. Cash Flow

$1.41M

Business

OPTICAL CABLE CORP manufactures and supplies fiber optic and copper data communication cabling and connectivity solutions for enterprise, harsh environment, specialty and wireless carrier markets. Its products include fiber and copper cabling, hybrid cables, connectors, patch cords, pre-terminated trunks and assemblies, racks, cabinets, enclosures, and related cable management accessories. The company operates distinct product offerings for fiber optic cable, enterprise connectivity (fiber and copper), and harsh environment and specialty connectivity (including military and ruggedized solutions). OCC sells through major, regional and specialty distributors, OEMs, value-added resellers and directly to contractors, system integrators and end-users across roughly 50 countries.

Summary from filing dated 2025-12-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Net sales	73	67	72	69	59
Cost of goods sold	50	48	50	49	43
Gross profit	23	18	22	21	16
Selling, general and administrative expenses	23	22	21	20	18
Royalty expense, net	26,285	26,450	26,315	26,747	−37,261
Amortization of intangible assets	54,399	54,062	53,941	51,507	45,511
Loss from operations	−450,332	−3	993,079	472,864	−2
Interest expense	−1	−1	−1	—	—
Gain on insurance proceeds, net	0	304,307	2	0	0
Other, net	31,051	49,101	172,234	−26,976	9
Other expense, net	−974,225	−813,222	1	−795,262	9
Loss before income taxes	−1	−4	2	−322,398	7
Income tax expense	30,297	20,702	145,724	24,693	−19,898
Net loss	−1	−4	2	−347,091	7
Net loss per share - basic and diluted (in dollars per share)	−0.18	−0.54	0.26	−0.05	0.87

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2024 2024-07-31	FY 2024 2024-04-30	FY 2024 2024-01-31
Cash	237,508	244,247	—	—	—
Trade accounts receivable, net of allowance for credit losses of $72,909 in 2025 and $92,125 in 2024	10	11	—	—	—
Income taxes refundable - current	13,500	5,000	—	—	—
Other receivables	19,863	60,521	—	—	—
Inventories	20	19	—	—	—
Prepaid expenses and other assets	402,542	618,940	—	—	—
Total current assets	31	31	—	—	—
Property and equipment, net	7	7	—	—	—
Intangible assets, net	481,225	513,956	—	—	—
Other assets, net	2	2	—	—	—
Total assets	40	40	—	—	—
Current installments of long-term debt	3	57,184	—	—	—
Note payable, revolver - current	6	8	—	—	—
Accounts payable and accrued expenses	7	5	—	—	—
Accrued compensation and payroll taxes	2	2	—	—	—
Income taxes payable	24,688	18,522	—	—	—
Total current liabilities	17	15	14	15	14
Long-term debt, excluding current installments	0	3	—	—	—
Other noncurrent liabilities	2	2	—	—	—
Total liabilities	18	20	—	—	—
Redeemable restricted common stock, no par value, 642,199 shares issued and outstanding as of October 31, 2025 and no shares issued and outstanding as of October 31, 2024	5	0	—	—	—
Preferred stock, no par value, authorized 1,000,000 shares; none issued and outstanding	0	0	—	—	—
Common stock, no par value, authorized 50,000,000 shares; issued and outstanding 8,227,871 shares in 2025 and 8,220,344 shares in 2024	16	15	—	—	—
Retained earnings	763,213	5	—	—	—
Total shareholders equity	17	21	—	—	—
Commitments and Contingencies	—	—	—	—	—
Total liabilities, redeemable common stock and shareholders' equity	40	40	—	—	—

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-10-31	FY 2024 2024-10-31	FY 2023 2023-10-31	FY 2022 2022-10-31	FY 2021 2021-10-31
Depreciation and amortization	804,513	865,851	946,457	1	1
Bad debt expense (recovery)	−19,216	20,936	1,546	8,116	10,750
Share-based compensation expense	386,639	443,234	611,480	411,997	335,519
Loss on disposal of property and equipment	6,292	3,444	8,335	22,247	30,463
Trade accounts receivable	684,815	−2	2	−3	−825,416
Other receivables	40,658	337,237	−107,845	2	−2
Income taxes refundable	−8,500	76,844	−81,844	0	25,003
Inventories	−1	5	−4	−3	795,959
Prepaid expenses and other assets	216,398	−23,471	−55,244	9,125	−76,834
Other assets	440,209	411,807	92,036	392,597	70,081
Accounts payable and accrued expenses	2	−829,091	479,372	1	1
Accrued compensation and payroll taxes	216,975	−282,548	77,229	218,780	90,464
Income taxes payable	6,166	−4,232	4,656	4,977	−865
Other noncurrent liabilities	−382,233	−164,185	−145,726	−887,699	−350,153
Net cash provided by (used in) operating activities	1	−857,024	−395,676	−2	2
Purchase of and deposits for the purchase of property and equipment	−295,537	−369,630	−520,847	−279,810	−166,227
Insurance proceeds received	0	304,307	2	0	0
Investment in intangible assets	−21,668	−1,821	−1,996	−22,789	−26,640
Net cash used in investing activities	−317,205	−67,144	1	−292,465	−192,867
Payroll taxes withheld and remitted on share-based payments	−107,313	−112,951	−115,852	−111,141	0
Principal payments on long-term debt	−57,182	−47,270	−2	−324,849	−312,115
Payments for financing costs	−100,000	−100,000	−100,000	−100,000	−91,667
Issuance of redeemable common stock, net of issuance costs	2	0	—	—	—
Principal payments on financing lease	−49,665	−37,459	−35,724	−34,069	−5,777
Net cash used in financing activities	−1	−300,294	219,800	2	−2
Net decrease in cash	−6,739	−1	1	83,687	−8,590
Cash payments for interest	891,331	1	1	640,592	492,547
Income taxes paid, net of refunds	−25,779	−53,426	221,993	17,384	−10,656
Capital expenditures accrued in accounts payable at year end	55,841	14,982	22,081	31,560	33,842

Filings

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