Business Context and Reporting Period
Company: Optical Cable Corporation (OCC)
Filing Type: Form 8-K (Current Report)
Date of Report: May 17, 2021
Reporting Period: Event-based report regarding a specific contract award.
Key Financial Metrics
This filing does not contain comprehensive financial statements, revenue, profit, cash flow, margin, debt, or liquidity metrics. The only specific financial figure disclosed is:
- Contract Value: Purchase order totaling more than $1.0 million.
Material Changes
The primary material event is the award of a new contract to supply proprietary products to a major defense contractor for the U.S. Department of Defense. This represents a new revenue stream for the fiscal year.
Guidance, Outlook, and Management Commentary
- Production Timeline: Manufacturing is expected to begin in the fiscal third quarter of 2021 and continue throughout fiscal year 2021.
- Customer: A major defense contractor acting on behalf of the U.S. Department of Defense.
- Risks/Contingencies: The filing does not explicitly detail risks or contingencies associated with this specific contract, other than the standard execution of manufacturing.
Investor Verification Checklist
- Verify the specific terms and duration of the contract in the attached Press Release (Exhibit 99.1).
- Confirm the impact of the $1.0 million+ order on the company's full-year revenue guidance.
- Monitor the commencement of manufacturing in the fiscal third quarter of 2021 as stated.
- Review subsequent filings for any updates on the contract's execution or potential modifications.