Optical Cable Corporation reported earnings results for the third quarter and nine months ended July 31, 2023. For the third quarter, the company reported sales was USD 16.94 million compared to USD 17.38 million a year ago. Net income was USD 0.101 million compared to net loss of USD 0.372 million a year ago. Basic earnings per share from continuing operations was USD 0.01 compared to basic loss per share from continuing operations of USD 0.05 a year ago.
For the nine months, sales was USD 54.85 million compared to USD 49.02 million a year ago. Net income was USD 3.33 million compared to net loss of USD 1.54 million a year ago. Basic earnings per share from continuing operations was USD 0.42 compared to basic loss per share from continuing operations of USD 0.2 a year ago.