Optical Cable Corporation (OCC) 2008年年度报告「NASDAQ」.pdf

1、1983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007Connecting your world for 25 years and we have only just begun!2008 annual reportPatch CordsFiber Optic CablesConnectivityWall PlatesWall Mount RacksCable AssembliesCategory 6a SolutionsOPTICAL CABLE

2、CORPORATION Annual Report 2008 1 TABLE OF CONTENTS 3 Selected Consolidated Financial Information 4 Letter from the President and CEO 7 Managements Discussion and Analysis of Financial Condition and Results of Operations 24 Consolidated Financial Statements 28 Notes to Consolidated Financial Statemen

3、ts 48 Report of Independent Registered Public Accounting Firm 49 Corporate Information Optical Cable Corporation 2 Page intentionally left blank.Optical Cable Corporation3Selected Consolidated Financial Information(in thousands,except per share data)Years ended October 31,2008 2007 2006 2005 2004Con

4、solidated Statement of Income Information:Net sales$60,998$45,503$45,330$45,899$43,218 Cost of goods sold 36,838 28,333 29,908 28,067 26,515 Gross profit 24,160 17,170 15,422 17,832 16,703 Selling,general and administrative expenses 20,642 15,300 14,900 16,026 15,457 Royalty income,net(636)Amortizat

5、ion of intangible assets 469 Income from operations 3,685 1,870 522 1,806 1,246 Other income(expense),net:Interest income(expense),net(147)21 (10)(21)(113)Other,net(24)27 (9)37 (19)Income before income taxes 3,514 1,918 503 1,822 1,114 Income tax expense 1,302 665 152 650 364 Net income$2,212$1,253$

6、351$1,172$750 Net income per share:Basic and diluted$0.36$0.21$0.06$0.20$0.13 Weighted average shares:Basic 6,062 6,089 5,954 5,776 5,587 Diluted 6,062 6,096 5,966 5,800 5,618 Consolidated Balance Sheet Information:Cash and cash equivalents$3,910$3,139$555$3,290$4,342 Working capital 23,765 15,937 1