$OCC
OPTICAL CABLE CORP

2015 Q3 Form 10-Q Financial Statement

#000143774915017172 Filed on September 11, 2015

View on sec.gov

Income Statement

Concept 2015 Q3 2014 Q3
Revenue $20.78M $21.00M
YoY Change -1.06% 7.15%
Cost Of Revenue $15.07M $13.67M
YoY Change 10.29% 1.43%
Gross Profit $5.709M $7.338M
YoY Change -22.21% 19.73%
Gross Profit Margin 27.47% 34.94%
Selling, General & Admin $6.085M $6.756M
YoY Change -9.94% 9.82%
% of Gross Profit 106.58% 92.07%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $510.0K $470.0K
YoY Change 8.51% -6.0%
% of Gross Profit 8.93% 6.4%
Operating Expenses $6.085M $6.756M
YoY Change -9.94% 9.82%
Operating Profit -$405.3K $539.3K
YoY Change -175.15% -633.44%
Interest Expense $114.2K $85.43K
YoY Change 33.74% -31.76%
% of Operating Profit 15.84%
Other Income/Expense, Net -$110.9K -$106.4K
YoY Change 4.28% -10.13%
Pretax Income -$516.2K $433.0K
YoY Change -219.23% -297.29%
Income Tax $46.11K $154.8K
% Of Pretax Income 35.76%
Net Earnings -$572.6K $292.5K
YoY Change -295.76% -334.72%
Net Earnings / Revenue -2.76% 1.39%
Basic Earnings Per Share
Diluted Earnings Per Share -$91.79K $47.70K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.0K $470.0K
YoY Change 19.15% -14.55%
Cash & Equivalents $556.1K $470.5K
Short-Term Investments
Other Short-Term Assets $2.560M $2.200M
YoY Change 16.36% 6.28%
Inventory $18.62M $17.27M
Prepaid Expenses
Receivables $10.81M $11.90M
Other Receivables $490.0K $1.360M
Total Short-Term Assets $33.04M $33.21M
YoY Change -0.52% 0.17%
LONG-TERM ASSETS
Property, Plant & Equipment $13.98M $13.28M
YoY Change 5.26% -0.14%
Goodwill
YoY Change
Intangibles $517.4K
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.286M $400.0K
YoY Change 221.46% 286.88%
Total Long-Term Assets $15.99M $14.10M
YoY Change 13.44% -4.5%
TOTAL ASSETS
Total Short-Term Assets $33.04M $33.21M
Total Long-Term Assets $15.99M $14.10M
Total Assets $49.03M $47.31M
YoY Change 3.64% -1.26%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.890M $4.450M
YoY Change 32.36% 5.2%
Accrued Expenses $1.410M $2.090M
YoY Change -32.54% 40.27%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $278.0K $270.0K
YoY Change 2.95% 5.54%
Total Short-Term Liabilities $7.603M $6.800M
YoY Change 11.8% 13.82%
LONG-TERM LIABILITIES
Long-Term Debt $7.017M $10.29M
YoY Change -31.81% 36.07%
Other Long-Term Liabilities $546.6K $660.0K
YoY Change -17.19% -30.21%
Total Long-Term Liabilities $7.564M $10.95M
YoY Change -30.93% 28.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.603M $6.800M
Total Long-Term Liabilities $7.564M $10.95M
Total Liabilities $20.23M $17.22M
YoY Change 17.47% -5.71%
SHAREHOLDERS EQUITY
Retained Earnings $19.37M
YoY Change
Common Stock $10.16M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.54M $30.09M
YoY Change
Total Liabilities & Shareholders Equity $49.03M $47.31M
YoY Change 3.64% -1.26%

Cashflow Statement

Concept 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income -$572.6K $292.5K
YoY Change -295.76% -334.72%
Depreciation, Depletion And Amortization $510.0K $470.0K
YoY Change 8.51% -6.0%
Cash From Operating Activities $670.0K $1.460M
YoY Change -54.11% -734.78%
INVESTING ACTIVITIES
Capital Expenditures -$960.0K -$980.0K
YoY Change -2.04% 84.91%
Acquisitions
YoY Change
Other Investing Activities $0.00
YoY Change
Cash From Investing Activities -$950.0K -$980.0K
YoY Change -3.06% 84.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 180.0K -300.0K
YoY Change -160.0% -157.69%
NET CHANGE
Cash From Operating Activities 670.0K 1.460M
Cash From Investing Activities -950.0K -980.0K
Cash From Financing Activities 180.0K -300.0K
Net Change In Cash -100.0K 180.0K
YoY Change -155.56% -175.0%
FREE CASH FLOW
Cash From Operating Activities $670.0K $1.460M
Capital Expenditures -$960.0K -$980.0K
Free Cash Flow $1.630M $2.440M
YoY Change -33.2% 713.33%

Facts In Submission

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500
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
CY2014Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
100000
CY2013Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
190000
CY2015Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
195000
CY2014Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
135000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
134643
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
250965
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
24267
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-103512
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
205376
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
299477
CY2015Q3 us-gaap Product Warranty Expense
ProductWarrantyExpense
73228
us-gaap Product Warranty Expense
ProductWarrantyExpense
229643
CY2014Q3 us-gaap Product Warranty Expense
ProductWarrantyExpense
86430
us-gaap Product Warranty Expense
ProductWarrantyExpense
195965
us-gaap Profit Loss
ProfitLoss
-1322403
us-gaap Profit Loss
ProfitLoss
-321704
CY2015Q3 us-gaap Profit Loss
ProfitLoss
-562353
CY2014Q3 us-gaap Profit Loss
ProfitLoss
278147
CY2015Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13978787
CY2014Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
13113445
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-14203
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
18655
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
702064
us-gaap Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
943609
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
19373673
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21462881
CY2015Q3 us-gaap Sales Revenue Net
SalesRevenueNet
20781340
CY2014Q3 us-gaap Sales Revenue Net
SalesRevenueNet
21004130
us-gaap Sales Revenue Net
SalesRevenueNet
56816291
us-gaap Sales Revenue Net
SalesRevenueNet
57729789
CY2015Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6084514
CY2014Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6756260
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18279348
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
19637842
us-gaap Share Based Compensation
ShareBasedCompensation
859889
us-gaap Share Based Compensation
ShareBasedCompensation
693662
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
618943
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
379675
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
29536810
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
31006567
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28805029
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6082314
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
30306290
CY2015Q3 us-gaap Taxes Payable Current
TaxesPayableCurrent
24512
CY2014Q4 us-gaap Taxes Payable Current
TaxesPayableCurrent
698051
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6210454
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6933676
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
6232973

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