Q1 2026 Optical Cable Corp Earnings Call Transcript
Key Points
- Net sales increased by 4.4% to $16.4 million compared to the same period last year.
- Gross profit increased by 16.1% to $5.4 million, with a gross profit margin rising to 32.7%.
- Sales order backlog and forward load increased more than 50% to $10.4 million.
- Significant growth in customer requests for quotes in the data center sector, indicating potential future sales growth.
- Collaboration with LTEra is expected to contribute to revenue growth in fiscal year 2026 and beyond.
- OCC recorded a net loss of $398,000 or $0.05 per share for the first quarter.
- SG&A expenses increased to $5.6 million, primarily due to higher employee and shipping costs.
- Despite backlog growth, revenue growth did not fully translate from the previous fiscal year.
- The company does not provide specific guidance on revenue for fiscal year 2026.
- OCC faces seasonality impacts, particularly in the first half of the fiscal year.
Please stand by. Your meeting is about to begin.
Good morning. My name is Angela and I will be your conference operator today. At this time, I would like to welcome you to the optical Cable Corporation's first quarter of fiscal year 2026 earnings conference call.
(Operator Instructions).
Miss Felix, you may begin your conference.
Good morning and thank you for joining us for Optical Cable Corporation's first quarter of fiscal year 2026 conference call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit www.occfiber.com for a copy.
On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC and Tracy Smith, Senior Vice President and Chief Financial Officer.
Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. The actual
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