OPTICAL CABLE CORP
AI Executive Summary
AI-powered analysis of 10-Q filing content
Optical Cable Corp shows significant deterioration with critically low cash position of $125,867 (down 47% from $237,508), persistent operational losses of $208,295, and total current liabilities exceeding $16M creating severe liquidity concerns. Despite revenue growth to $16.4M, the company remains unprofitable with net losses and extremely weak financial position.
Red Flags Detected (6)
Cash position critically low at $125,867, down 47% from prior quarter
Current liabilities of $16.2M vastly exceed current cash position
Persistent operational losses of $208,295 despite revenue growth
3 more red flags detected
Key Takeaways
Company faces immediate liquidity crisis with less than $126K cash against $16M+ current liabilities
Revenue growth of 4.4% to $16.4M offset by continued operational losses
2 more takeaways
Filing Overview
What This Means
Deteriorating Trend: Conditions are worsening compared to previous filings. This may create opportunities for service providers.
Quarterly Report: Interim filing with unaudited financial data for the quarter.