$OCC
OPTICAL CABLE CORP Stock $occ

$occ Overview Financials Valuation SEC Filings Company Website

2020 Q1 Form 10-Q Financial Statement

#000143774920005327 Filed on March 16, 2020

Income Statement

Concept	2020 Q1	2019 Q1
Revenue	$12.89M	$16.75M
YoY Change	-23.06%	-4.56%
Cost Of Revenue	$10.48M	$13.19M
YoY Change	-20.51%	7.03%
Gross Profit	$2.404M	$3.563M
YoY Change	-32.52%	-31.87%
Gross Profit Margin	18.65%	21.27%
Selling, General & Admin	$4.824M	$6.774M
YoY Change	-28.78%	21.88%
% of Gross Profit	200.66%	190.13%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$393.0K	$443.4K
YoY Change	-11.38%	8.61%
% of Gross Profit	16.35%	12.45%
Operating Expenses	$4.824M	$6.774M
YoY Change	-28.78%	21.88%
Operating Profit	-$2.448M	-$3.221M
YoY Change	-24.01%	873.92%
Interest Expense	$136.7K	$116.9K
YoY Change	16.95%	-9.27%
% of Operating Profit
Other Income/Expense, Net	-$139.3K	-$116.7K
YoY Change	19.36%	-1.85%
Pretax Income	-$2.587M	-$3.337M
YoY Change	-22.49%	642.28%
Income Tax	$5.033K	-$27.42K
% Of Pretax Income
Net Earnings	-$2.592M	-$3.310M
YoY Change	-21.7%	707.06%
Net Earnings / Revenue	-20.11%	-19.76%
Basic Earnings Per Share
Diluted Earnings Per Share	-$353.8K	-$439.0K
COMMON SHARES
Basic Shares Outstanding	7.456M
Diluted Shares Outstanding

Balance Sheet

Concept	2020 Q1	2019 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$690.0K	$420.0K
YoY Change	64.29%	-20.75%
Cash & Equivalents	$693.7K	$418.1K
Short-Term Investments
Other Short-Term Assets	$370.0K	$460.0K
YoY Change	-19.57%	2.22%
Inventory	$17.18M	$19.49M
Prepaid Expenses
Receivables	$6.799M	$9.851M
Other Receivables	$50.00K	$60.00K
Total Short-Term Assets	$25.10M	$30.27M
YoY Change	-17.09%	1.13%
LONG-TERM ASSETS
Property, Plant & Equipment	$9.697M	$11.04M
YoY Change	-12.14%	-7.19%
Goodwill
YoY Change
Intangibles	$670.3K	$651.6K
YoY Change	2.88%	1.39%
Long-Term Investments
YoY Change
Other Assets	$1.173M	$156.3K
YoY Change	650.75%	47.3%
Total Long-Term Assets	$11.57M	$11.89M
YoY Change	-2.76%	-6.17%
TOTAL ASSETS
Total Short-Term Assets	$25.10M	$30.27M
Total Long-Term Assets	$11.57M	$11.89M
Total Assets	$36.67M	$42.17M
YoY Change	-13.05%	-1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$4.310M	$4.930M
YoY Change	-12.58%	-1.4%
Accrued Expenses	$1.440M	$2.500M
YoY Change	-42.4%	46.2%
Deferred Revenue
YoY Change
Short-Term Debt	$5.650M	$0.00
YoY Change
Long-Term Debt Due	$500.4K	$263.6K
YoY Change	89.82%	4.08%
Total Short-Term Liabilities	$11.92M	$7.711M
YoY Change	54.55%	10.58%
LONG-TERM LIABILITIES
Long-Term Debt	$5.089M	$6.092M
YoY Change	-16.47%	-4.15%
Other Long-Term Liabilities	$977.1K	$68.42K
YoY Change	1328.15%	-45.07%
Total Long-Term Liabilities	$6.066M	$6.161M
YoY Change	-1.54%	-4.93%
TOTAL LIABILITIES
Total Short-Term Liabilities	$11.92M	$7.711M
Total Long-Term Liabilities	$6.066M	$6.161M
Total Liabilities	$17.98M	$18.67M
YoY Change	-3.69%	-3.52%
SHAREHOLDERS EQUITY
Retained Earnings	$4.787M	$9.745M
YoY Change	-50.88%	-15.39%
Common Stock	$13.89M	$13.75M
YoY Change	1.05%	17.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$18.68M	$23.49M
YoY Change
Total Liabilities & Shareholders Equity	$36.67M	$42.17M
YoY Change	-13.05%	-1.04%

Cashflow Statement

Concept	2020 Q1	2019 Q1
OPERATING ACTIVITIES
Net Income	-$2.592M	-$3.310M
YoY Change	-21.7%	707.06%
Depreciation, Depletion And Amortization	$393.0K	$443.4K
YoY Change	-11.38%	8.61%
Cash From Operating Activities	$543.6K	-$1.151M
YoY Change	-147.24%	286.21%
INVESTING ACTIVITIES
Capital Expenditures	$46.70K	$317.6K
YoY Change	-85.3%	657.99%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities	-$67.76K	-$343.6K
YoY Change	-80.28%	408.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$0.00	$1.257K
YoY Change	-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-$319.5K	$1.735M
YoY Change	-118.41%	52444.09%
NET CHANGE
Cash From Operating Activities	$543.6K	-$1.151M
Cash From Investing Activities	-$67.76K	-$343.6K
Cash From Financing Activities	-$319.5K	$1.735M
Net Change In Cash	$156.4K	$240.7K
YoY Change	-35.01%	-166.44%
FREE CASH FLOW
Cash From Operating Activities	$543.6K	-$1.151M
Capital Expenditures	$46.70K	$317.6K
Free Cash Flow	$496.9K	-$1.468M
YoY Change	-133.84%	332.05%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
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CY2020Q1	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	693740	USD
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CY2020Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0
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CY2020Q1	us-gaap	Preferred Stock No Par Value PreferredStockNoParValue	0
CY2019Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	16750668	USD
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CY2019Q1	us-gaap	Gross Profit GrossProfit	3562559	USD
CY2020Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	4824124	USD
CY2019Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	6773645	USD
CY2020Q1	occ	Royalty Revenue Expense RoyaltyRevenueExpense	-17558	USD
CY2019Q1	occ	Royalty Revenue Expense RoyaltyRevenueExpense	-218	USD
CY2020Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9991	USD
CY2019Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	9415	USD
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CY2020Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	670349	USD
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CY2020Q1	us-gaap	Product Warranty Expense ProductWarrantyExpense	37257	USD
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CY2020Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	69549	USD
CY2019Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	137576	USD
CY2020Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	12743	USD
CY2019Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	127838	USD
CY2020Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	-106806	USD
CY2019Q1	us-gaap	Product Warranty Accrual Preexisting Increase Decrease ProductWarrantyAccrualPreexistingIncreaseDecrease	-29738	USD
CY2020Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	70000	USD
CY2019Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	160000	USD
CY2020Q1	us-gaap	Long Term Debt LongTermDebt	5589164	USD
CY2019Q4	us-gaap	Long Term Debt LongTermDebt	5908623	USD
CY2020Q1	us-gaap	Long Term Debt Current LongTermDebtCurrent	500357	USD
CY2019Q4	us-gaap	Long Term Debt Current LongTermDebtCurrent	738955	USD
CY2020Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5088807	USD
CY2019Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	5169668	USD
CY2020Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	95871	USD
CY2020Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P55M6D
CY2020Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.05	pure
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	224438	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	264041	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	261109	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	254919	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	260223	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive	21734	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	1286464	USD
CY2020Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	142206	USD
CY2020Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	94199	USD
CY2020Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	1088719	USD
CY2020Q1	us-gaap	Net Income Loss NetIncomeLoss	-2591888	USD
CY2019Q1	us-gaap	Net Income Loss NetIncomeLoss	-3310020	USD
CY2020Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7322195
CY2019Q1	us-gaap	Weighted Average Number Of Share Outstanding Basic And Diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted	7536561
CY2020Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.35
CY2019Q1	us-gaap	Earnings Per Share Basic And Diluted EarningsPerShareBasicAndDiluted	-0.44
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	136786
CY2019Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	157678
CY2020Q1	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	114218	USD
CY2019Q4	us-gaap	Contract With Customer Liability ContractWithCustomerLiability	19850	USD
CY2020Q1	us-gaap	Contract With Customer Refund Liability ContractWithCustomerRefundLiability	84399	USD
CY2019Q4	us-gaap	Contract With Customer Refund Liability ContractWithCustomerRefundLiability	273512	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	12887396	USD
CY2019Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	16750668	USD
CY2020Q1	us-gaap	Description Of New Accounting Pronouncements Not Yet Adopted DescriptionOfNewAccountingPronouncementsNotYetAdopted	<p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27.35pt;margin-right:0pt;margin-top:0pt;text-align:left;text-indent:-27.35pt;"><b>(<em style="font-weight: inherit; font-style: normal;">13</em>) New Accounting Standards <em style="font-weight: inherit; font-style: normal;">Not</em> Yet Adopted</b></p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27.35pt;margin-right:0pt;margin-top:0pt;text-align:justify;">In <em style="font-weight: inherit; font-style: normal;"> December 2019, </em>the FASB issued Accounting Standards Update <em style="font-weight: inherit; font-style: normal;">2019</em>-<em style="font-weight: inherit; font-style: normal;">12,</em> <i>Income Taxes (Topic <em style="font-weight: inherit; font-style: normal;">740</em>): Simplifying the Accounting for Income Taxes </i>(“ASU <em style="font-weight: inherit; font-style: normal;">2019</em>-<em style="font-weight: inherit; font-style: normal;">12”</em>), which is intended to simplify various aspects related to accounting for income taxes. ASU <em style="font-weight: inherit; font-style: normal;">2019</em>-<em style="font-weight: inherit; font-style: normal;">12</em> removes certain exceptions to the general principles in Topic <em style="font-weight: inherit; font-style: normal;">740</em> and also clarifies and amends existing guidance to improve consistent application. ASU <em style="font-weight: inherit; font-style: normal;">2019</em>-<em style="font-weight: inherit; font-style: normal;">12</em> is effective for fiscal years beginning after <em style="font-weight: inherit; font-style: normal;"> December 15, 2020, </em>with early adoption permitted. The Company is currently evaluating the impact of the adoption of ASU <em style="font-weight: inherit; font-style: normal;">2019</em>-<em style="font-weight: inherit; font-style: normal;">12</em> on its results of operations, financial position and liquidity and its related financial statement disclosures.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p> <p style="font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:27.35pt;margin-right:0pt;margin-top:0pt;text-align:justify;">There are <em style="font-weight: inherit; font-style: normal;">no</em> other new accounting standards issued, but <em style="font-weight: inherit; font-style: normal;">not</em> yet adopted by the Company, which are expected to materially impact the Company’s financial position, operating results or financial statement disclosures.</p> <p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"> </p><div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt"><div class="PGHDR" style="text-align: left; width: 100%"><div class="hf-row"><div class="hf-cell TOCLink" style="display: inline-block; text-align: left;"><a href="#toc" style="font-family: "Times New Roman", Times, serif; font-size: 10pt"/> </div> </div> </div> </div>

Files In Submission

Name	View Source	Status
0001437749-20-005327-index-headers.html	Edgar Link	pending
0001437749-20-005327-index.html	Edgar Link	pending
0001437749-20-005327.txt	Edgar Link	pending
0001437749-20-005327-xbrl.zip	Edgar Link	pending
ex_176732.htm	Edgar Link	pending
ex_176733.htm	Edgar Link	pending
ex_176734.htm	Edgar Link	pending
ex_176735.htm	Edgar Link	pending
ex_176736.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
occ-20200131.xsd	Edgar Link	pending
occ-20200131_cal.xml	Edgar Link	unprocessable
occ-20200131_def.xml	Edgar Link	unprocessable
occ-20200131_lab.xml	Edgar Link	unprocessable
occ-20200131_pre.xml	Edgar Link	unprocessable
occ20200131_10q.htm	Edgar Link	pending
occ20200131_10q_htm.xml	Edgar Link	completed
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report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$OCC
OPTICAL CABLE CORP Stock $occ

2020 Q1 Form 10-Q Financial Statement

#000143774920005327 Filed on March 16, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OCC OPTICAL CABLE CORP Stock $occ

2020 Q1 Form 10-Q Financial Statement

#000143774920005327 Filed on March 16, 2020

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$OCC
OPTICAL CABLE CORP Stock $occ