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OCC Stock Price Correlated With Optical Cable Financials

OCC Stock Price vs. Quarterly
Income Statement
Cash Flow
Balance Sheet

OCC Income Statement

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OCC Cash Flow

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OCC Balance Sheet

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Major Holders (from 13F filings)

Investment Type
Value (x$1000)
increase or decrease
Dimensional Fund Advisors
321,294 sh
-24,964 sh
Vanguard Group
194,035 sh
-29 sh
Royal Bank Of Canada
124,914 sh
-2,721 sh
Wilbanks Smith & Thomas Asset Management
123,776 sh
Renaissance Technologies
95,003 sh
-1,500 sh
Rbf Capital
32,495 sh
31,370 sh
7,982 sh
Bridgeway Capital Management
27,600 sh
Mercer Global Advisors Inc
18,000 sh
18,000 sh
Geode Capital Management
14,556 sh
Hilltop Holdings.
14,267 sh
Morgan Stanley
2,940 sh
250 sh
Tower Research Capital (Trc)
2,300 sh
-368 sh
Wells Fargompany/Mn
1,036 sh
2 sh
Cary Street Partner Investment Advisory
700 sh
Geneos Wealth Management.
176 sh
101 sh
-156 sh
Advisor Group Holdings.
25 sh
18 sh
UBS Group Ag
0 sh
-3,794 sh
Bank Of America /De/
0 sh
-58 sh
( 1) Description of Business and Summary of Significant Accounting Policies

(a) Description of Business
Optical Cable Corporation and its subsidiaries (collectively, the “Company” or “OCC®”) is a leading manufacturer of a broad range of fiber optic and copper data communication cabling and connectivity solutions primarily for the enterprise market and various harsh environment and specialty markets (collectively, the non-carrier markets), and also the wireless carrier market, offering integrated suites of high quality products which operate as a system solution or seamlessly integrate with other providers’ offerings. The Company’s product offerings include designs for uses ranging from enterprise network, data center, residential, campus and Passive Optical LAN (“POL”) installations to customized products for specialty applications and harsh environments, including military, industrial, mining, petrochemical and broadcast applications, and for the wireless carrier market. Founded in 1983, OCC is headquartered in Roanoke, Virginia with offices, manufacturing and warehouse facilities located in Roanoke, Virginia; near Asheville, North Carolina; and near Dallas, Texas. The Company’s cabling and connectivity products are used for high bandwidth transmission of data, video and audio communications. The Company’s product offering includes products well-suited for use in various other short- to moderate-distance applications as well. The Company’s products are sold worldwide. Also see note 10.

(b) Principles of Consolidation
The accompanying consolidated financial statements include the accounts of Optical Cable Corporation and its wholly owned subsidiaries. All significant intercompany balances and transactions have been eliminated in consolidation.

(c) Cash and Cash Equivalents
All of the Company’s bank accounts are insured by the Federal Deposit Insurance Corporation (FDIC). As of October 31, 2021 and 2020, the Company did not have bank deposits in excess of the insured limit. For purposes of the consolidated statements of cash flows, the Company considers all highly liquid debt instruments with original maturities of three months or less to be cash equivalents. As of October 31, 2021 and 2020, the Company had no cash equivalents.

(d) Trade Accounts Receivable and Allowance for Doubtful Accounts
Trade accounts receivable are recorded at the invoiced amount and do not typically bear interest. The allowance for doubtful accounts is the Company’s best estimate of the amount of probable credit losses in the Company’s existing accounts receivable. The Company reviews outstanding trade accounts receivable at the end of each quarter and records allowances for doubtful accounts as deemed appropriate for (i) certain individual customers and (ii) for all other trade accounts receivable in total. In determining the amount of allowance for doubtful accounts to be recorded for individual customers, the Company considers the age of the receivable, the financial stability of the customer, discussions that may have occurred with the customer and management’s judgment as to the overall collectibility of the receivable from that customer. In addition, the Company establishes an allowance for all other receivables for which no specific allowances are deemed necessary. This portion of the allowance for doubtful accounts is based on a percentage of total trade accounts receivable with different percentages used based on different age categories of receivables. The percentages used are based on the Company’s historical experience and management’s current judgment regarding the state of the economy and the industry. Account balances are charged off against the allowance after all means of collection have been exhausted and the potential for recovery is considered remote. The Company does not have any off-balance-sheet credit exposure related to its customers.

(e) Inventories
Inventories are stated at the lower of cost and net realizable value. The

Free historical financial statements for Optical Cable Corp. See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2012. Compare with OCC stock chart to see long term trends.

Data imported from Optical Cable Corp SEC filings. Check original filings before making any investment decision.