Optical Cable Corporation reported earnings results for the second quarter and six months ended April 30, 2024. For the second quarter, the company reported sales was USD 16.11 million compared to USD 19.62 million a year ago. Net loss was USD 1.6 million compared to net income of USD 2.42 million a year ago. Basic loss per share from continuing operations was USD 0.21 compared to basic earnings per share from continuing operations of USD 0.31 a year ago.
For the six months, sales was USD 30.97 million compared to USD 37.9 million a year ago. Net loss was USD 3.03 million compared to net income of USD 3.23 million a year ago. Basic loss per share from continuing operations was USD 0.39 compared to basic earnings per share from continuing operations of USD 0.41 a year ago.