Optical Cable Earnings Call Transcripts
Fiscal Year 2026
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Q2 FY2026 saw net sales rise 26.6% and gross profit jump 42.4% year-over-year, with strong growth in data center and enterprise markets. Backlog surged to $13.3 million, and net income turned positive. Management expects continued momentum despite industry-wide fiber shortages.
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Q1 FY2026 saw 4.4% sales growth and a 16.1% rise in gross profit, with margin up to 32.7%. Backlog surged over 50% year-over-year, and optimism remains high for continued growth, especially in data centers and through the Lightera collaboration.
Fiscal Year 2025
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Net sales grew 9.5% to $73M in fiscal 2025, with gross profit up 24.1% and margin rising to 30.9%. Strategic collaboration with Lyttera and strong data center demand are expected to drive further growth in 2026, especially in the second half.
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Q3 saw 22.8% net sales growth and a return to profitability, driven by strong demand in enterprise and specialty markets. Gross margin improved to 31.7%, and a strategic partnership with Laterra is expected to fuel further growth into 2026.
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Net sales and gross profit rose year-over-year and sequentially, with improved margins and a reduced net loss. Backlog increased, and optimism remains for the second half of 2025, driven by specialty markets and operating leverage.
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Net sales grew 6% and gross profit rose 24.6% year-over-year, with margin expansion driven by operating leverage. Sales backlog increased 16% sequentially, and the outlook remains positive as market conditions improve and industry weakness subsides.
Fiscal Year 2024
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Net sales declined 7.6% for fiscal 2024 due to macroeconomic pressures, but Q4 saw a 12.4% year-over-year increase and a return to profitability. Management expects market conditions to improve in 2025, with typical seasonality anticipated.
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Net sales and gross profit declined year-over-year due to normalized backlog and industry softness, but sequential growth was achieved in both enterprise and specialty markets. Management expects sales to improve in the second half as market conditions stabilize.