Filing Flows › Optical Cable (OCC) › Q4 FY24
Optical Cable (OCC) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Dec 23, 2024
Optical Cable (OCC) reported revenue of $19.5M for the fourth quarter fiscal 2024 (Q4 FY24), +12% from a year earlier and +20% from the quarter before. Operating margin was 3.4%, net earnings $373K (1.9% of revenue).
Optical Cable, Q4 FY24: revenue $19.5M (+12% year over year), operating margin 3.4%, net earnings $373K, operating cash flow −$1.5M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $19.5M | +20% | +12% |
| Gross profit | $6.5M | +67% | +69% |
| Operating profit | $662K | — | — |
| Net earnings | $373K | — | — |
| Operating cash flow | −$1.5M | — | — |
What changed
Revenue was $19.5M in Q4 FY24, up 12% year over year and up 20% from the previous quarter.
Gross margin was 33.5%, up 11.2 points from a year earlier. Operating profit was $662K, a 3.4% margin (up 10.8 points year over year). Operating expenses grew 14% against revenue growth of 12%. The fastest-growing cost line was SG&A (+14%). Net earnings were $373K. The effective tax rate was -0.1%.
Operating cash flow was −$1.5M. Non-cash charges added back $221K of depreciation and amortization and $114K of share-based compensation. Working capital and other items used $2.2M. Capital expenditures of $57K exceeded it, leaving free cash flow of −$1.6M.
Questions
What was Optical Cable's revenue in the fourth quarter fiscal 2024?
Optical Cable (OCC) reported revenue of $19.5M for the fourth quarter fiscal 2024 (Q4 FY24), +12% from a year earlier and +20% from the quarter before.
Was Optical Cable profitable in the fourth quarter fiscal 2024?
Operating profit was $662K (3.4% of revenue) and net earnings $373K.
Source: Optical Cable 10-K on SEC EDGAR.