$OCC
OPTICAL CABLE CORP

2015 Q1 Form 10-Q Financial Statement

#000143774915004601 Filed on March 10, 2015

View on sec.gov

Income Statement

Concept 2015 Q1 2014 Q1
Revenue $17.36M $16.53M
YoY Change 4.98% -4.4%
Cost Of Revenue $11.97M $11.13M
YoY Change 7.6% 3.3%
Gross Profit $5.385M $5.408M
YoY Change -0.41% -17.11%
Gross Profit Margin 31.02% 32.7%
Selling, General & Admin $5.720M $6.046M
YoY Change -5.38% -2.31%
% of Gross Profit 106.22% 111.8%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $491.1K $478.6K
YoY Change 2.62% -3.34%
% of Gross Profit 9.12% 8.85%
Operating Expenses $5.720M $6.046M
YoY Change -5.38% -2.31%
Operating Profit -$393.7K -$676.8K
YoY Change -41.83% -356.58%
Interest Expense $101.7K $112.9K
YoY Change -9.98% 4.95%
% of Operating Profit
Other Income/Expense, Net -$103.9K -$90.71K
YoY Change 14.56% -19.2%
Pretax Income -$497.6K -$767.5K
YoY Change -35.16% -606.6%
Income Tax -$245.4K -$323.8K
% Of Pretax Income
Net Earnings -$228.2K -$412.1K
YoY Change -44.63% -417.47%
Net Earnings / Revenue -1.31% -2.49%
Basic Earnings Per Share
Diluted Earnings Per Share -$36.62K -$68.22K
COMMON SHARES
Basic Shares Outstanding 6.724M 6.573M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q1 2014 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $690.0K $730.0K
YoY Change -5.48% 43.14%
Cash & Equivalents $688.6K $726.6K
Short-Term Investments
Other Short-Term Assets $2.400M $2.240M
YoY Change 7.14% -13.18%
Inventory $18.40M $19.21M
Prepaid Expenses $533.3K
Receivables $9.054M $8.705M
Other Receivables $350.0K $1.020M
Total Short-Term Assets $30.89M $31.91M
YoY Change -3.2% -0.24%
LONG-TERM ASSETS
Property, Plant & Equipment $12.95M $12.66M
YoY Change 2.29% 1.25%
Goodwill
YoY Change
Intangibles $462.1K $352.6K
YoY Change 31.05%
Long-Term Investments
YoY Change
Other Assets $1.433M $238.0K
YoY Change 502.04% -84.45%
Total Long-Term Assets $15.14M $13.40M
YoY Change 12.99% -6.25%
TOTAL ASSETS
Total Short-Term Assets $30.89M $31.91M
Total Long-Term Assets $15.14M $13.40M
Total Assets $46.03M $45.31M
YoY Change 1.59% -2.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.790M $3.810M
YoY Change -0.52% -11.6%
Accrued Expenses $1.510M $1.580M
YoY Change -4.43% 13.67%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $272.9K $261.4K
YoY Change 4.4% 4.58%
Total Short-Term Liabilities $5.598M $5.782M
YoY Change -3.18% -2.82%
LONG-TERM LIABILITIES
Long-Term Debt $7.158M $7.431M
YoY Change -3.67% -23.31%
Other Long-Term Liabilities $533.0K $883.5K
YoY Change -39.67% -13.38%
Total Long-Term Liabilities $7.691M $8.315M
YoY Change -7.5% -22.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.598M $5.782M
Total Long-Term Liabilities $7.691M $8.315M
Total Liabilities $16.35M $16.19M
YoY Change 0.99% 0.67%
SHAREHOLDERS EQUITY
Retained Earnings $20.73M $20.98M
YoY Change -1.19%
Common Stock $9.681M $8.817M
YoY Change 9.8%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.41M $29.79M
YoY Change
Total Liabilities & Shareholders Equity $46.03M $45.31M
YoY Change 1.59% -2.1%

Cashflow Statement

Concept 2015 Q1 2014 Q1
OPERATING ACTIVITIES
Net Income -$228.2K -$412.1K
YoY Change -44.63% -417.47%
Depreciation, Depletion And Amortization $491.1K $478.6K
YoY Change 2.62% -3.34%
Cash From Operating Activities $743.2K $915.1K
YoY Change -18.78% -39.5%
INVESTING ACTIVITIES
Capital Expenditures $928.0K $205.3K
YoY Change 351.94% -86.2%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$950.0K -$226.4K
YoY Change 319.56% -85.14%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $374.0K $0.00
YoY Change -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -190.2K -712.4K
YoY Change -73.3% 875.57%
NET CHANGE
Cash From Operating Activities 743.2K 915.1K
Cash From Investing Activities -950.0K -$226.4K
Cash From Financing Activities -190.2K -712.4K
Net Change In Cash 553.0K -23.74K
YoY Change -2429.38% -71.97%
FREE CASH FLOW
Cash From Operating Activities $743.2K $915.1K
Capital Expenditures $928.0K $205.3K
Free Cash Flow -$184.8K $709.8K
YoY Change -126.03% 2791.04%

Facts In Submission

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CY2015Q1 us-gaap Profit Loss
ProfitLoss
-252177
CY2014Q1 us-gaap Profit Loss
ProfitLoss
-443672
CY2015Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
12945317
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13113445
CY2015Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-26411
CY2014Q1 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-7255
CY2015Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
565751
CY2014Q1 us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
562935
CY2015Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
20725501
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21462881
CY2015Q1 us-gaap Sales Revenue Net
SalesRevenueNet
17358844
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
16534930
CY2015Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6277105
CY2015Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
5720420
CY2014Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6045635
CY2015Q1 us-gaap Share Based Compensation
ShareBasedCompensation
250494
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
155412
CY2015Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
58758
CY2012Q3 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
320000
us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
320000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
1400000
CY2015Q1 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
373982
CY2015Q1 us-gaap Stockholders Equity
StockholdersEquity
30406137
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
31006567
CY2015Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
29681866
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30306290
CY2015Q1 us-gaap Taxes Payable Current
TaxesPayableCurrent
18788
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
698051
CY2014Q1 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6014075

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