Optical Cable Corporation Reports Q3 2023 Net Income of $101 Thousand

Optical Cable Corporation (OCC), a leading provider of fiber optic and copper data communication cabling and connectivity solutions, has released its financial results for the third quarter of 2023. The company reported a net income of $101 thousand for the quarter, marking a significant improvement from the loss of $372 thousand in the same period last year. Additionally, OCC reported net sales of $16.94 million for the third quarter, showcasing the company's steady performance in a competitive market.

Strong Quarter for OCC with Positive Net Income

Optical Cable Corporation achieved a significant milestone in the third quarter of 2023 by reporting a net income of $101 thousand, a substantial turnaround from the net loss of $372 thousand in the same quarter of the previous year. This positive net income reflects the company's effective cost management and growth strategies.

Steady Revenue Generation