Optical Cable Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended July 31, 2009. For the quarter, the company reported net loss of $1,108,000 or $0.19 per basic and diluted share on net sales of $14,207,000 against net profit of $482,000 or $0.08 per basic and diluted share on net sales of $16,415,000 for the same period a year ago. Loss from operations was $1,006,000 compared to profit from operations was $835,000 for the same period a year ago. Loss before income taxes was $1,176,000 compared to profit before income taxes was $748,000 for the same period a year ago. The company believes that the decline in net sales is primarily attributable to the global economic recession and that OCC's competitors have generally suffered more severe revenue declines on a percentage basis, based on publicly available information. For the nine months, the company reported net loss of $1,834,000 or $0.33 per basic and diluted share on net sales of $44,509,000 against net profit of $2,222,000 or $0.37 per basic and diluted share on net sales of $42,572,000 for the same period a year ago. Loss from operations was $2,152,000 compared to profit from operations was $3,526,000 for the same period a year ago. Loss before income taxes was $2,631,000 compared to profit before income taxes was $3,492,000 for the same period a year ago.

Optical Cable Corp., Q3 2009 Earnings Call, Sep 11 2009

Optical Cable Corp. reported unaudited consolidated earnings results for the second quarter and first six months ended April 30, 2009. For the quarter, the company's net sales increased 13.7% to $15.3 million compared to net sales of $13.5 million for the comparable period last year. Net income was $0.016 million or earnings of less than $0.01 per basic and diluted share compared to net income of $0.88 million or $0.15 per basic and diluted share for the same period last year. The company's results were negatively impacted by additional integration costs associated with the acquisition of SMP Data Communications as well as pressure on gross profit margins due to softer volumes. Loss from operations was $0.08 million against income from operations of $1.35 million in the same period of last year. Loss before income taxes was $0.24 million against income before income taxes of $1.38 million in the same period of last year. For the first six months of fiscal 2009, the company's net sales increased 15.8% to $30.3 million from $26.2 million for the same period in fiscal 2008. Net loss was $0.73 million or $0.12 per basic and diluted share compared to net income of $1.7 million or $0.29 per basic and diluted share for the six months ended April 30, 2008. Loss from operations was $1.15 million against income from operations of $2.7 million in the same period of last year. Loss before income taxes was $1.46 million against income before income taxes of $2.74 million in the same period of last year.