<p>光缆公司（Optical Cable）已召开第四季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>光缆公司在财报电话会议中平衡了亏损与增长动能</p>
<p>光缆公司最新的财报电话会议描绘了一个谨慎乐观的前景：管理层强调了销售、利润率和战略定位的显著提升，尽管公司仍处于亏损状态。净销售额和毛利润在财年中强劲增长，新的战略合作伙伴关系指向未来的增长机会，特别是在数据中心领域。然而，全年净亏损、较高的运营成本和疲软的第四季度表明，公司的转型尚未完成。</p>
<h2>净销售增长信号显示顶线动能</h2>
<p>会议的一个关键亮点是 2025 财年净销售额增长 9.5%，收入从去年同期的 6670 万美元上升至 7300 万美元。这一加速表明公司终端市场的需求正在改善，并暗示近期的商业努力正在获得成效。对于投资者而言，持续的顶线增长是光缆公司在目标细分市场中扩大份额并为未来盈利能力建立更强收入基础的重要信号。</p>
<h2>毛利润和利润率显著改善</h2>
<p>2025 财年毛利润增长 24.1%，达到 2260 万美元，增速超过收入增长，毛利率从 2024 年的 27.3% 提升至 30.9%。这一利润率扩张表明定价、产品组合和运营执行的改善。管理层将每一美元销售额转化为毛利润的能力是长期盈利能力的积极指标，尤其是如果公司能够在销量增长的同时维持或进一步改善这些利润率。</p>
<h2>与 Lightera 的战略合作增强市场地位</h2>
<p>与 Lightera 新宣布的战略合作是会议的核心主题。该合作旨在拓宽光缆公司的产品供应，特别是在数据中心和企业环境中——这些领域正受到云计算和人工智能基础设施的强劲需求推动。Lightera 决定直接投资于公司，收购了 7.24% 的流通股，这为双方关系增添了可信度，并表明对光缆公司战略和未来前景的信心。</p>
<h2>数据中心市场扩展瞄准高增长细分市场</h2>
<p>管理层强调了其在数据中心市场的推进，包括多租户和企业设施。这一扩展使光缆公司与通信基础设施领域一些增长最快的细分市场保持一致，需求受到云服务、人工智能工作负载和数据流量增加的推动。增强在数据中心的存在可能会随着时间的推移提供更稳定、更高利润的业务，并使公司的收入组合超越传统市场。</p>
<h2>SG&amp;A 效率提升增强运营杠杆</h2>
<p>尽管 SG&amp;A 费用绝对值增加，光缆公司相对于销售的效率有所改善。2025 财年 SG&amp;A 成本占净销售额的比例从 2024 年的 32.2% 降至 31.4%，这表明随着业务规模的扩大，运营杠杆得到了改善。对于投资者而言，这表明管理层正在控制间接费用，使公司收入增长和利润率扩张能够更好地转化为改善的运营结果。</p>
<h2>净亏损缩小但盈利能力仍在努力中</h2>
<p>公司在 2025 财年仍报告了净亏损，亏损为 150 万美元，或每股 0.18 美元。然而，这一数字相比 2024 年的 420 万美元亏损有了显著改善。亏损的缩小表明，销售额的增加和利润率的改善正在稳步缩小与盈利能力之间的差距。尽管底线仍为负数，但这一趋势对关注持续正盈利的股东来说是令人鼓舞的。</p>
<h2>第四季度利润率疲软抑制全年收益</h2>
<p>第四季度带来了一丝谨慎的信号，毛利润从去年同期的 650 万美元下降至 630 万美元。毛利率也从 2024 年第四季度的 33.5% 降至 31.9%。管理层的评论表明，季度波动仍然存在，并且并非所有的运营或市场阻力都已解决。对于投资者而言，这突显了在监测短期执行时的重要性，即使全年趋势指向正确的方向。</p>
<h2>更高的 SG&amp;A 支出反映增长投资</h2>
<p>在绝对值上，2025 财年的 SG&amp;A 费用上升至 2300 万美元，高于 2024 年的 2150 万美元，主要受到员工和销售相关成本上升的推动。尽管这一增加对短期盈利能力造成压力，但也反映了在数据中心和企业网络等关键市场支持增长所需的人力和商业能力的投资。挑战在于确保这些增量成本继续带来销售和利润率的提升，超过支出。</p>
<h2>季节性因素继续影响季度业绩</h2>
<p>管理层重申，季节性仍然是一个重要因素，特别是在财年的第一和第二季度。这一反复出现的模式可能导致季度销售和盈利的波动，这对投资者解读短期结果至关重要。理解这些季节性影响可能帮助股东区分正常的周期性与需求或执行的潜在变化。</p>
<h2>指导和展望强调在挑战中增长机会</h2>
<p>展望未来，管理层的指导和评论强调了谨慎乐观。公司预计净销售额和毛利的增长将支持运营杠杆的进一步改善，这得益于更高的利润率和相对于销售的更高效的销售及管理费用。与 Lightera 的战略合作以及对数据中心和企业市场的关注是增长战略的核心，管理层旨在抓住与云计算和人工智能趋势相关的日益增长的需求。尽管光缆公司在年末出现了净亏损，但领导层对在 2026 财年及以后扩大市场份额和抓住新机会充满信心。</p>
<p>最后，光缆公司的财报电话会议描绘了一家正在转型的公司：仍在亏损，但显然在加强其财务基础和竞争地位。收入和利润的增长、高潜力的战略合作伙伴关系以及对数据中心的深入推进提供了令人信服的上行空间，而成本压力、季度波动和持续亏损仍然是主要风险。对于投资者而言，故事越来越多地围绕近期的运营改善和战略举措是否能够转化为持续盈利和未来几年的稳定增长。</p>

<p>Optical Cable 的第四季度财报电话会议强调了净销售额和毛利润的增长，尽管 2025 财年净亏损为 150 万美元。公司报告净销售额增长 9.5%，毛利润上升 24.1%，利润率有所改善。与 Lightera 的战略合作旨在扩大数据中心的产品供应。尽管销售和管理费用效率有所提高，但更高的成本反映了增长投资。净亏损的缩小表明了进展，但盈利能力仍在持续改善中</p>

<p>Optical Cable ((OCC)) has held its Q4 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>光缆公司（Optical Cable）已召开第四季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Claim 50% Off TipRanks Premium and Invest with Confidence</h3>
<div class="lb-trans"><h3>享受 TipRanks Premium 50% 折扣，信心投资</h3>
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<li>Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions</li>
<li>Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential</li>
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<li>解锁对冲基金级别的数据和强大的投资工具，帮助您做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，使您的投资组合始终处于最大潜力的状态</li>
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</div><p>Optical Cable Balances Losses With Growth Momentum in Earnings Call</p>
<div class="lb-trans"><p>光缆公司在财报电话会议中平衡了亏损与增长动能</p>
</div><p>Optical Cable Corporation’s latest earnings call painted a cautiously upbeat picture: management highlighted meaningful gains in sales, margins, and strategic positioning, even as the company remains in the red. Net sales and gross profit rose strongly over the fiscal year, and a new strategic partnership points to future growth opportunities, particularly in data centers. Still, a full-year net loss, higher operating costs, and a softer fourth quarter underscore that the turnaround is not yet complete.</p>
<div class="lb-trans"><p>光缆公司最新的财报电话会议描绘了一个谨慎乐观的前景：管理层强调了销售、利润率和战略定位的显著提升，尽管公司仍处于亏损状态。净销售额和毛利润在财年中强劲增长，新的战略合作伙伴关系指向未来的增长机会，特别是在数据中心领域。然而，全年净亏损、较高的运营成本和疲软的第四季度表明，公司的转型尚未完成。</p>
</div><h2>Net Sales Growth Signals Top-Line Momentum</h2>
<div class="lb-trans"><h2>净销售增长信号显示顶线动能</h2>
</div><p>A key highlight of the call was the 9.5% increase in net sales for fiscal 2025, with revenue rising to $73 million from $66.7 million a year earlier. This acceleration indicates improving demand across the company’s end markets and suggests that recent commercial efforts are gaining traction. For investors, sustained top-line growth is an important sign that Optical Cable is expanding its share in targeted segments and building a stronger revenue base for future profitability.</p>
<div class="lb-trans"><p>会议的一个关键亮点是 2025 财年净销售额增长 9.5%，收入从去年同期的 6670 万美元上升至 7300 万美元。这一加速表明公司终端市场的需求正在改善，并暗示近期的商业努力正在获得成效。对于投资者而言，持续的顶线增长是光缆公司在目标细分市场中扩大份额并为未来盈利能力建立更强收入基础的重要信号。</p>
</div><h2>Gross Profit and Margins Show Significant Improvement</h2>
<div class="lb-trans"><h2>毛利润和利润率显著改善</h2>
</div><p>Gross profit rose 24.1% to $22.6 million in fiscal 2025, outpacing revenue growth and lifting the gross margin to 30.9%, up from 27.3% in 2024. This margin expansion points to better pricing, product mix, and operational execution. Management’s ability to convert more of each sales dollar into gross profit is a positive indicator for long-term earnings power, especially if the company can maintain or further improve these margins as volumes grow.</p>
<div class="lb-trans"><p>2025 财年毛利润增长 24.1%，达到 2260 万美元，增速超过收入增长，毛利率从 2024 年的 27.3% 提升至 30.9%。这一利润率扩张表明定价、产品组合和运营执行的改善。管理层将每一美元销售额转化为毛利润的能力是长期盈利能力的积极指标，尤其是如果公司能够在销量增长的同时维持或进一步改善这些利润率。</p>
</div><h2>Strategic Collaboration With Lightera Strengthens Market Position</h2>
<div class="lb-trans"><h2>与 Lightera 的战略合作增强市场地位</h2>
</div><p>The newly announced strategic collaboration with Lightera was a central theme of the call. The partnership is designed to broaden Optical Cable’s product offerings, particularly in data center and enterprise environments—areas seeing robust demand from cloud computing and AI infrastructure. Lightera’s decision to invest directly in the company, acquiring 7.24% of outstanding shares, adds credibility to the relationship and signals confidence in Optical Cable’s strategy and future prospects.</p>
<div class="lb-trans"><p>与 Lightera 新宣布的战略合作是会议的核心主题。该合作旨在拓宽光缆公司的产品供应，特别是在数据中心和企业环境中——这些领域正受到云计算和人工智能基础设施的强劲需求推动。Lightera 决定直接投资于公司，收购了 7.24% 的流通股，这为双方关系增添了可信度，并表明对光缆公司战略和未来前景的信心。</p>
</div><h2>Data Center Market Expansion Targets High-Growth Segment</h2>
<div class="lb-trans"><h2>数据中心市场扩展瞄准高增长细分市场</h2>
</div><p>Management emphasized its push into the data center market, including both multi-tenant and enterprise facilities. This expansion aligns Optical Cable with some of the fastest-growing segments of the communications infrastructure space, where demand is being driven by cloud services, AI workloads, and increasing data traffic. A stronger presence in data centers could provide more stable, higher-margin business over time and diversify the company’s revenue mix beyond traditional markets.</p>
<div class="lb-trans"><p>管理层强调了其在数据中心市场的推进，包括多租户和企业设施。这一扩展使光缆公司与通信基础设施领域一些增长最快的细分市场保持一致，需求受到云服务、人工智能工作负载和数据流量增加的推动。增强在数据中心的存在可能会随着时间的推移提供更稳定、更高利润的业务，并使公司的收入组合超越传统市场。</p>
</div><h2>Improved SG&amp;A Efficiency Enhances Operating Leverage</h2>
<div class="lb-trans"><h2>SG&amp;A 效率提升增强运营杠杆</h2>
</div><p>Despite absolute SG&amp;A expenses increasing, Optical Cable improved its efficiency relative to sales. SG&amp;A costs fell to 31.4% of net sales in fiscal 2025 from 32.2% in 2024, signaling better operating leverage as the business scales. For investors, this indicates that management is gaining control over overhead, allowing more of the company’s revenue growth and margin expansion to translate into improved operating results over time.</p>
<div class="lb-trans"><p>尽管 SG&amp;A 费用绝对值增加，光缆公司相对于销售的效率有所改善。2025 财年 SG&amp;A 成本占净销售额的比例从 2024 年的 32.2% 降至 31.4%，这表明随着业务规模的扩大，运营杠杆得到了改善。对于投资者而言，这表明管理层正在控制间接费用，使公司收入增长和利润率扩张能够更好地转化为改善的运营结果。</p>
</div><h2>Net Loss Narrows but Profitability Remains a Work in Progress</h2>
<div class="lb-trans"><h2>净亏损缩小但盈利能力仍在努力中</h2>
</div><p>The company still reported a net loss for fiscal 2025, posting a deficit of $1.5 million, or $0.18 per share. However, this represents a significant improvement from the $4.2 million loss in 2024. The narrowing loss suggests that higher sales and better margins are steadily closing the gap to profitability. While the bottom line remains negative, the trajectory is encouraging for shareholders watching for a pivot to consistent positive earnings.</p>
<div class="lb-trans"><p>公司在 2025 财年仍报告了净亏损，亏损为 150 万美元，或每股 0.18 美元。然而，这一数字相比 2024 年的 420 万美元亏损有了显著改善。亏损的缩小表明，销售额的增加和利润率的改善正在稳步缩小与盈利能力之间的差距。尽管底线仍为负数，但这一趋势对关注持续正盈利的股东来说是令人鼓舞的。</p>
</div><h2>Fourth-Quarter Margin Softness Tempers Full-Year Gains</h2>
<div class="lb-trans"><h2>第四季度利润率疲软抑制全年收益</h2>
</div><p>The fourth quarter introduced a note of caution, as gross profit slipped to $6.3 million from $6.5 million in the prior year period. Gross margin also dipped to 31.9% from 33.5% in Q4 2024. Management’s commentary suggests that quarterly fluctuations remain, and that not all operational or market headwinds have been resolved. For investors, this underscores the importance of monitoring near-term execution even as the full-year trend points in the right direction.</p>
<div class="lb-trans"><p>第四季度带来了一丝谨慎的信号，毛利润从去年同期的 650 万美元下降至 630 万美元。毛利率也从 2024 年第四季度的 33.5% 降至 31.9%。管理层的评论表明，季度波动仍然存在，并且并非所有的运营或市场阻力都已解决。对于投资者而言，这突显了在监测短期执行时的重要性，即使全年趋势指向正确的方向。</p>
</div><h2>Higher SG&amp;A Spending Reflects Growth Investments</h2>
<div class="lb-trans"><h2>更高的 SG&amp;A 支出反映增长投资</h2>
</div><p>In absolute terms, SG&amp;A expenses rose to $23 million in fiscal 2025, up from $21.5 million in 2024, driven mainly by higher employee and sales-related costs. While this increase pressured near-term profitability, it also reflects investments in personnel and commercial capabilities needed to support growth in key markets such as data centers and enterprise networks. The challenge will be ensuring that these incremental costs continue to yield sales and margin gains that more than offset the spending.</p>
<div class="lb-trans"><p>在绝对值上，2025 财年的 SG&amp;A 费用上升至 2300 万美元，高于 2024 年的 2150 万美元，主要受到员工和销售相关成本上升的推动。尽管这一增加对短期盈利能力造成压力，但也反映了在数据中心和企业网络等关键市场支持增长所需的人力和商业能力的投资。挑战在于确保这些增量成本继续带来销售和利润率的提升，超过支出。</p>
</div><h2>Seasonality Continues to Influence Quarterly Performance</h2>
<div class="lb-trans"><h2>季节性因素继续影响季度业绩</h2>
</div><p>Management reiterated that seasonality remains a meaningful factor, particularly in the first and second quarters of the fiscal year. This recurring pattern can cause variability in quarterly sales and earnings, which is important context for investors interpreting short-term results. Understanding these seasonal effects may help shareholders differentiate between normal cyclicality and any underlying shifts in demand or execution.</p>
<div class="lb-trans"><p>管理层重申，季节性仍然是一个重要因素，特别是在财年的第一和第二季度。这一反复出现的模式可能导致季度销售和盈利的波动，这对投资者解读短期结果至关重要。理解这些季节性影响可能帮助股东区分正常的周期性与需求或执行的潜在变化。</p>
</div><h2>Guidance and Outlook Highlight Growth Opportunities Amid Challenges</h2>
<div class="lb-trans"><h2>指导和展望强调在挑战中增长机会</h2>
</div><p>Looking ahead, management’s guidance and commentary stressed cautious optimism. The company expects the momentum in net sales and gross profit to support further improvement in operating leverage, helped by higher margins and more efficient SG&amp;A relative to sales. The strategic collaboration with Lightera and the focus on data center and enterprise markets are central to the growth strategy, with management aiming to capture increasing demand tied to cloud computing and AI trends. Although Optical Cable ended the year with a net loss, leadership signaled confidence in expanding its market presence and capitalizing on new opportunities in fiscal 2026 and beyond.</p>
<div class="lb-trans"><p>展望未来，管理层的指导和评论强调了谨慎乐观。公司预计净销售额和毛利的增长将支持运营杠杆的进一步改善，这得益于更高的利润率和相对于销售的更高效的销售及管理费用。与 Lightera 的战略合作以及对数据中心和企业市场的关注是增长战略的核心，管理层旨在抓住与云计算和人工智能趋势相关的日益增长的需求。尽管光缆公司在年末出现了净亏损，但领导层对在 2026 财年及以后扩大市场份额和抓住新机会充满信心。</p>
</div><p>In closing, Optical Cable’s earnings call portrayed a company in transition: still loss-making but clearly strengthening its financial foundation and competitive position. Revenue and margin gains, a high-potential strategic partnership, and deeper pushes into data centers offer compelling upside, while cost pressures, quarterly volatility, and lingering losses remain key risks. For investors, the story is increasingly about whether the recent operational improvements and strategic moves can convert into sustained profitability and durable growth in the coming years.</p>
<div class="lb-trans"><p>最后，光缆公司的财报电话会议描绘了一家正在转型的公司：仍在亏损，但显然在加强其财务基础和竞争地位。收入和利润的增长、高潜力的战略合作伙伴关系以及对数据中心的深入推进提供了令人信服的上行空间，而成本压力、季度波动和持续亏损仍然是主要风险。对于投资者而言，故事越来越多地围绕近期的运营改善和战略举措是否能够转化为持续盈利和未来几年的稳定增长。</p>
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光缆的财报电话会议显示尽管有亏损，但仍取得了进展