1、ANNUAL REPORT CONNECTIONS YOU CAN COUNT ON.OCC.STRONG.INNOVATIVE.COMMUNICATION SOLUTIONS.OCCs current product offering is cutting edge and ranks among the industrys most comprehensive suite to meet the full host of customer needs.We do what our competitors will not do and many times,we do it faster.
2、With a robust quick ship program,we are there to solve problems quickly.NOT JUST PRODUCTS.ANSWERS.As an industry leader,OCC delivers innovative solutions and products designed to be smarter than the most challenging situations and tougher than the harshest environments.Our customers count on us to e
3、nsure the highest transmission performance and for products tested beyond industry standards.Thats why some of the worlds top corporations,universities,hospitals,broadcasters,data centers,industrial facilities,and military operations worldwide choose OCC.For critical communication solutions,OCC prov
4、ides connections you can count on.1 Optical Cable Corporation(OCC)TABLE OF CONTENTS 3 Letter from the CEO 6 Managements Discussion and Analysis of Financial Condition and Results of Operations 22 Consolidated Financial Statements 26 Notes to Consolidated Financial Statements 44 Report of Independent
5、 Registered Public Accounting Firm 45 Corporate Information Optical Cable Corporation(OCC)2 Page intentionally left blank.3 Optical Cable Corporation(OCC)Letter from the CEO Dear Shareholders of Optical Cable Corporation(OCC):During fiscal year 2019,the OCC team again demonstrated its ability to adj
6、ust course in a challenging environment.OCC achieved consolidated net sales of$71.3 million,reflecting the Companys growth and strength in its core targeted markets(outside of the volatile wireless carrier market).The OCC team also took aggressive action to address unintended throughput constraints