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Optical Cable Third Quarter 2024 Earnings: US$0.20 loss per share (vs US$0.013 profit in 3Q 2023)
Optical Cable (NASDAQ:OCC) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$16.2m (down 4.2% from 3Q 2023).
- Net loss: US$1.56m (down from US$100.8k profit in 3Q 2023).
- US$0.20 loss per share (down from US$0.013 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Optical Cable shares are up 2.5% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Optical Cable that you should be aware of.
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Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGM:OCC
Optical Cable
Manufactures and sells fiber optic and copper data communications cabling and connectivity solutions primarily for the enterprise market in the United States and internationally.
Acceptable track record with mediocre balance sheet.
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Trending Discussion
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greg_xasak on Fiserv ·
As someone who has dealt directly with them as a CTO for a credit union, I have 8 years of horror stories about doing business with them. If there was any other competitor than could deliver 80% of Fiserv services, there would be a mad rush to migrate to them. They should thank their lucky stars they are a near monopoly. this industry is so ripe for a well funded competitor. Their integration of technology is awful, their ability to fix their own implementation screwups is sadly tragic. Sometimes they just silently kill support tickets without resolution and you never find out until you do a follow up inquiry. Why, because sometimes no one you are dealing with knows how to fix it and knows no one to ask for help. They can not meet their own implementation deadlines and sometimes there is no one on a technical team dealing with you that has any banking or credit union experience. The is an industry insider phrase when you meet other Fiserv customers called being "Fiserved". It means telling others of your worst stories of dealing with them. Ask around, all CTO's have some doozies.
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FundamentalFlow on Green Tea Group ·
Great narrative! Many people focus on AI nowadays (including me), and it's refreshing to see a deep dive into the fundamentals of a business like Green Tea. I really appreciate how you cut through the market noise to focus on the unit economics and the structural risks.I also write from a fundamentals-first perspective, and I'm currently working on an analysis of Samsung Electronics. I've been trying to refine how I balance factors such as financial health, future, and valuation of a company.If you have a moment, I'd love for you to take a look at my narritives. I'd value your perspective on whether my analysis holds up to the level of rigor you set here. No pressure at all, but I'd appreciate the feedback if you're open to it!
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