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Note 20 - Quarterly Results of Operations (Unaudited) | 12 Months Ended
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Oct. 31, 2023
Notes to Financial Statements |
Quarterly Financial Information [Text Block] |
(20) | Quarterly Results of Operations (Unaudited)
The following is a summary of the unaudited quarterly results of operations for the years ended October 31, 2023 and 2022:
|  | Quarter ended |
Fiscal year ended October 31, 2023 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 18,283,675 |  |  | $ | 19,619,536 |  |  | $ | 16,941,378 |  |  | $ | 17,329,163 |
Gross profit |  |  | 6,521,209 |  |  |  | 6,782,706 |  |  |  | 5,116,030 |  |  |  | 3,874,131 |
Selling, general & administrative expenses |  |  | 5,455,466 |  |  |  | 5,662,339 |  |  |  | 4,957,518 |  |  |  | 5,145,418 |
Income (loss) from operations |  |  | 1,045,936 |  |  |  | 1,100,106 |  |  |  | 138,425 |  |  |  | (1,291,388 | )
Income (loss) before income taxes |  |  | 842,448 |  |  |  | 2,498,020 |  |  |  | 99,883 |  |  |  | (1,228,129 | )
Net income (loss) |  |  | 809,984 |  |  |  | 2,423,087 |  |  |  | 100,803 |  |  |  | (1,267,376 | )
Basic and diluted net income (loss) per share |  | $ | 0.10 |  |  | $ | 0.31 |  |  | $ | 0.01 |  |  | $ | (0.17 | )
|  | Quarter ended |
Fiscal year ended October 31, 2022 |  | January 31 |  |  | April 30 |  |  | July 31 |  |  | October 31 |
Net sales |  | $ | 14,440,295 |  |  | $ | 17,200,578 |  |  | $ | 17,382,640 |  |  | $ | 20,055,750 |
Gross profit |  |  | 4,045,852 |  |  |  | 5,033,446 |  |  |  | 4,808,205 |  |  |  | 6,623,350 |
Selling, general & administrative expenses |  |  | 4,780,199 |  |  |  | 5,036,331 |  |  |  | 4,954,221 |  |  |  | 5,188,984 |
Income (loss) from operations |  |  | (753,400 | ) |  |  | (21,011 | ) |  |  | (166,384 | ) |  |  | 1,413,659 |
Income (loss) before income taxes |  |  | (923,045 | ) |  |  | (233,185 | ) |  |  | (362,249 | ) |  |  | 1,196,081 |
Net income (loss) |  |  | (935,793 | ) |  |  | (227,991 | ) |  |  | (371,871 | ) |  |  | 1,188,564 |
Basic and diluted net income (loss) per share |  | $ | (0.12 | ) |  | $ | (0.03 | ) |  | $ | (0.05 | ) |  | $ | 0.15 |
Optical Cable Corporation (OCC)

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