OCCMEDIUM SIGNALFINANCIAL10-K

OCC demonstrated strong revenue growth of 37% while meaningfully reducing operating losses and substantially improving overall profitability metrics.

The company appears to be executing a successful turnaround, with revenue expansion translating into improved operational efficiency as operating losses narrowed considerably. However, the reduced stockholders' equity and increased debt service costs suggest the company is still working through financial restructuring challenges that warrant continued monitoring.

Comparing 2025-12-18 vs 2024-12-23View on EDGAR →
FINANCIAL ANALYSIS

OCC posted solid revenue growth of 37% to $87.8M with gross profit expanding 24% to $22.6M, indicating improved operational momentum. Operating losses narrowed substantially from -$3.4M to -$450K, and net losses also decreased meaningfully, demonstrating progress toward profitability. The company reduced total debt by 41% to $2.7M but experienced a 21% decline in stockholders' equity to $16.5M, suggesting ongoing balance sheet optimization efforts.

FINANCIAL STATEMENT CHANGES
Operating Income
P&L
+86.7%
-$3.4M→-$450K

Operating leverage kicking in — revenue growth outpacing cost growth, a hallmark of scaling businesses.

Net Income
P&L
+65.4%
-$4.2M→-$1.5M

Net income grew 65.4% — bottom-line growth signals improving overall business health.

Interest Expense
P&L
+50%
$768K→$1.2M

Interest expense surged 50% — significant debt increase or rising rates materially impacting earnings.

Total Debt
Balance Sheet
-40.9%
$4.5M→$2.7M

Debt reduced 40.9% — deleveraging strengthens balance sheet and reduces financial risk.

Revenue
P&L
+37%
$64.1M→$87.8M

Strong top-line growth of 37% — accelerating demand or successful expansion into new markets.

Gross Profit
P&L
+24.1%
$18.2M→$22.6M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Stockholders Equity
Balance Sheet
-20.8%
$20.8M→$16.5M

Equity decreased 20.8% — buybacks or losses reducing book value, monitor solvency ratios.

Capital Expenditure
Cash Flow
-20%
$370K→$296K

Capex reduced 20% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Current Liabilities
Balance Sheet
+11.3%
$15.1M→$16.9M

Current liabilities rose 11.3% — increased short-term obligations, watch current ratio.

LANGUAGE CHANGES
NEW — 2025-12-18
PRIOR — 2024-12-23
ADDED
As of December 10, 2025, the Company had outstanding 8,870,070 common shares.
( AOS ), has offices, manufacturing and warehouse facilities located in Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas.
The OCC team strives to provide top-tier communication solutions that are well-suited for the specific needs and application requirements of our customers and the end-users of our systems leveraging our technical expertise and broad fiber optic and copper data communication product offering.
OCC designs, develops and manufactures, and markets and sells, fiber optic and hybrid cables for a broad range of enterprise, data center, harsh environment, wireless carrier and other specialty markets and applications.
OCC designs, develops and manufactures, and markets and sells, fiber and copper connectivity products for a broad range of enterprise, data center, and residential applications.
Optical Cable Corporation, OCC , Procyon , Superior Modular Products , SMP Data Communications , Applied Optical Systems , Centric Solutions , and associated logos are trademarks of Optical Cable Corporation.
As part of this strategic collaboration, OCC and Lightera have combined portions of the product portfolios of both companies to deliver additional integrated cabling and connectivity solution offerings, which will include certain Lightera products being offered and sold by OCC.
In connection with this strategic collaboration, OCC and Lightera entered into a Stock Purchase Agreement, under which OCC issued 642,199 redeemable restricted shares of its common stock to Lightera for an aggregate purchase price of $2.0 million.
Lightera s 642,199 shares of redeemable restricted common stock of OCC represents 7.24% of OCC s outstanding common shares as of October 31, 2025.
We are widely recognized for our leadership, contributions and support to various industry standards, including the Insulated Cable Engineers Association (ICEA) with respect to North American fiber optic cable standards, and to the Telecommunications Industry Association (TIA).
REMOVED
As of December 12, 2024, the Company had outstanding 8,220,344 common shares.
( AOS ) and Centric Solutions LLC ( Centric Solutions ), has offices, manufacturing and warehouse facilities located in Roanoke, Virginia, near Asheville, North Carolina and near Dallas, Texas.
The OCC team seeks to provide top-tier integrated communication solutions by bundling all of our fiber optic and copper data communication product offerings into systems that are best suited for individual data communication needs and application requirements of our customers and the end-users of our systems.
OCC designs, develops and manufactures fiber optic and hybrid cables for a broad range of enterprise, harsh environment, wireless carrier and other specialty markets and applications.
OCC designs, develops and manufactures fiber and copper connectivity products for the enterprise market, including a broad range of enterprise and residential applications.
OCC s wholly owned subsidiary Centric Solutions LLC ( Centric Solutions ) provides cabling and connectivity solutions for the data center market.
Centric Solutions business is located at OCC s facility near Dallas, Texas.
We are widely recognized for our leadership, contributions and support to various industry standards, including the Insulated Cable Engineers Association ( ICEA ) with respect to North American fiber optic cable standards, and to the Telecommunications Industry Association ( TIA ).
We produce fiber optic cables for specialized installations, including various hybrid cables (fiber and copper), and cables with specialty fibers.
We offer certain of our tight-buffered fiber optic cables pre-installed in conduit ( FIC ), for installation time reduction.
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