OPTICAL CABLE CORPORATION REPORTS FIRST QUARTER OF FISCAL YEAR 2024 FINANCIAL RESULTS
ROANOKE, Va., March 13, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its first quarter ended January 31, 2024.
- ROANOKE, Va., March 13, 2024 /PRNewswire/ -- Optical Cable Corporation (Nasdaq GM: OCC) ("OCC®" or the "Company") today announced financial results for its first quarter ended January 31, 2024.
- Gross profit margin, or gross profit as a percentage of net sales, was 25.0% in the first quarter of fiscal year 2024 compared to 35.7% in the first quarter of fiscal year 2023.
- SG&A expenses were $5.1 million in the first quarter of fiscal year 2024, compared to $5.5 million for the first quarter of fiscal year 2023.
- Optical Cable Corporation™, OCC®, Procyon®, Superior Modular Products™, SMP Data Communications™, Applied Optical Systems™, and associated logos are trademarks of Optical Cable Corporation.