OPTICAL CABLE CORPORATION
CONDENSED STATEMENTS OF OPERATIONS
(thousands, except per share data)
Three Months Ended
January 31,
2002 2001
Net sales $11,391 $16,996
Cost of goods sold 6,895 9,118
Gross profit 4,496 7,878
Selling, general and admin. expenses 3,506 3,928
Operating income 990 3,950
Losses on trading securities, net -- (3,991)
Income expense, net (58) (134)
Other, net -- (2)
Other expense, net (58) (4,127)
Income (loss) before income taxes 932 (177)
Income tax expense (benefit) 328 (62)
Net income (loss) $ 604 $ (115)
Net income (loss) per share
Basic $ 0.01 $ --
Diluted $ 0.01 $ --
Weighted average shares outstanding
Basic 55,431 56,356
Diluted 55,456 56,722
OPTICAL CABLE CORPORATION
CONDENSED BALANCE SHEET DATA
(thousands)
January 31, October 31,
2002 2001
Cash and cash equivalents $ 2,540 $ 2,088
Trade accounts receivable, net of allowance
for doubtful accounts 9,408 10,678
Inventories 13,861 14,085
Other current assets 1,876 1,961
Total current assets 27,685 28,812
Non-current assets 13,356 13,986
Total assets $41,041 $42,798
Notes payable to bank $ 6,563 $ 8,271
Other current liabilities 5,681 6,335
Total current liabilities 12,244 14,606
Non-current liabilities 327 327
Total Liabilities 12,571 14,933
Stockholders' equity 28,470 27,865
Total liabilities and stockholders' equity $41,041 $42,798 |
