OPTICAL CABLE CORP — Call Transcript 2026

Good morning. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome you to the Optical Cable Corporation's Q1 of fiscal year 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer period. If you would like to ask a question at that time, please press star one on your telephone keypad. If you wish to remove yourself from the queue, please press star two. Ms Felix, you may begin your conference. Good morning, and thank you for joining us for Optical Cable Corporation's Q1 of fiscal year 2026 conference call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit www.occfiber.com for a copy. On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC, and Tracy Smith, Senior Vice President and Chief Financial Officer. Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. The actual future results of Optical Cable Corporation may differ materially due to a number of factors and risks, including, but not limited to, those factors referenced in the forward-looking statements section of this morning's press release. These cautionary statements apply to the contents of the internet webcast on www.occfiber.com, as well as today's call. With that, I'll turn the call over to Neil Wilkin. Neil, please begin. Thank you, Caroline, and good morning, everyone. I will begin the call today with a few opening remarks. Tracy will then review the Q1 results for the 3-month period ended January 31, 2026, in some additional detail. After Tracy's remarks, we will answer as many questions as we can. As is our normal practice, we will only take questions from analysts and institutional investors during the Q&A session. However, we also offer other shareholders the opportunity to submit questions in advance of our earnings call. Instructions regarding such submissions are included in our press release announcing the date and time of our call. OCC is off to a strong start in fiscal year 2026. During the Q1, we delivered net sales and gross profit growth, largely driven by increased demand across our enterprise and specialty markets and the positive impact of our operating leverage. During the Q1 of fiscal year 2026, net sales increased 4.4% and gross profit increased 16.1% compared to the same period last fiscal year, and gross profit margin increased to 32.7%. Additionally, our sales order backlog and forward load increased more than 50% to $10.4 million as of the end of the Q1 when compared to the same prior fiscal year period. We expect to continue to build on this momentum. While seasonality typically impacts the H1 of our fiscal year, during our Q2, we are seeing growing momentum in our targeted markets and, in particular, in our data center market. We are confident that OCC is well-positioned for growth during fiscal year 2026. As always, remain focused on disciplined execution to drive value for our customers and shareholders. With that, I will turn the call over to Tracy, who will review in additional detail our Q1 of fiscal year 2026 financial results. Thank you, Neil. Consolidated net sales for the Q1 of fiscal 2026 increased 4.4% to $16.4 million compared to $15.7 million for the same period last year. During the Q1 of fiscal 2026, we experienced an increase in net sales in both our enterprise and specialty markets compared to the same period last year, as we continue to see general market improvements in our industry and strength in our severe-duty market. Net sales to customers outside of the United States increased 18%, and net sales to our customers in the United States increased slightly in the Q1 of fiscal year 2026 compared to the same period last year. As Neil referenced, our sales order backlog and forward load increased to $10.4 million compared to $6.6 million as of the end of our 1st fiscal quarter of 2025. Our sales order backlog and forward load also increased when compared to $7.3 million as of our 2025 fiscal year-end. Turning to gross profit, our gross profit increased 16.1% to $5.4 million in the fQ1 of fiscal 2026 compared to $4.6 million for the same period last year. Gross profit margin, our gross profit as a percentage of net sales, increased to 32.7% compared to 29.4% in the same prior year period. Gross profit margin for the Q1 of fiscal 2026 was positively impacted by higher volumes and the resulting positive impact of our strong operating leverage. Our gross profit margin percentages are heavily dependent upon product mix on a quarterly basis and may vary based on changes in product mix. SG&A expenses increased to $5.6 million in the Q1 of fiscal year 2026, compared to $5.5 million for the same period last year, primarily as a result of increases in employee and contracted sales personnel related costs and shipping costs. SG&A expenses as a percentage of net sales were 33.8% in the Q1 of fiscal 2026, compared to 34.7% in the Q1 of fiscal 2025. OCC recorded a net loss of $398,000 or $0.05 per basic and diluted share for the Q1 of fiscal 2026, compared to a net loss of $1.1 million or $0.14 per basic and diluted share for the Q1 of fiscal 2025. With that, I'll turn the call back over to you, Neil. Thank you, Tracy. As is our normal practice, we're going to 1st answer questions from individual investors that have been submitted in advance of today's call. Caroline, could you go through the questions with us, and we will respond? Yes. Thanks, Neil. We'll get started. The 1st question is, can you update us on the data center opportunity in general, how you feel about it, and if the opportunity has strengthened or not during the quarter? Any major changes or updates? We continue to be optimistic about the data center opportunities, particularly in the multi-tenant data center and enterprise data center sectors. OCC saw and is seeing significant and growing activity and customer requests for quotes in the data center sector, particularly in January, and that activity is continuing and growing as we enter the Q2 of fiscal 2026. We believe this momentum will continue and result in increased sales in our targeted sectors of the data center market as fiscal year 2026 progresses. Thanks, Neil. The next question is, in terms of outlook into 2026, in general, do you feel more or less optimistic now than in Q4? I would like to say that we continue to be very optimistic about potential sales growth this year. As you all know, we typically see seasonality impact our results during the H1 of a given fiscal year, particularly during the Q1. However, based on the fact that our sales order backlog and forward load has increased more than 50% to $10.4 million as of the end of fiscal quarter, the 1st fiscal quarter of 2026 when compared to the same period last year, and that the activity and requests for quotes we have seen in our targeted market sectors, including the data center market sector, have been increasing. We continue to expect sales growth during fiscal year 2026. Thanks, Neil. Next question. In the past, you have been commenting on improvements in OCC end markets. Have these improvements continued? Can you comment on new and emerging trends or risks? Thank you. As you all know, during fiscal year 2025, net sales increased 9.5% and gross profits increased 24.1% compared to the prior fiscal year, which we believe reflects the improvements we saw in many of our targeted markets last year, particularly during the H2 of fiscal year 2025. Far, we continue to see growth opportunities in many of our targeted market sectors, including in particular, the data center market during fiscal year 2026. We believe this will continue to be the case, and this will positively impact OCC's revenue growth in fiscal year 2026. Thanks, Neil. Next question. Can you please provide an update on progress of the Lightera collaboration? Sure. As we've mentioned before, OCC has worked with Lightera, formerly known as OFS, for decades. The strategic collaboration with Lightera announced last year was built on that long-standing relationship and the respect each team has for the other. The OCC and Lightera teams work well together and complement each other, enabling both companies to benefit from this important relationship. We believe we're seeing the benefit of that, as we move into fiscal year 2026. Thanks, Neil. Next question. Could you comment on the type of products you expect to sell alongside Lightera? Will they be on the margin accretive connectivity side or more on the basic cabling side? Sure. OCC and Lightera have assembled product sets that we believe provide exceptional solutions to meet our customer needs. They're both on the cabling side and on the connectivity side. Lightera, speaking of Lightera products, they have a number of industry-leading product designs that are now included in OCC's product solutions offering. A couple of examples include Lightera's rollable ribbon fiber optic cable, which is particularly well-suited for data center applications. Additionally, Lightera's InvisiLight product solutions are particularly well-suited for installations of passive optical LAN technology in existing buildings, where traditional passive optical LAN installations are more challenging. Of course, Lightera and OCC are both known for innovative product solutions and the development of new product solutions, which I would expect to continue to be the case. Thanks, Neil. Next question is, can you explain if data center revenue had an impact in Q1, and what to expect for the rest of the year in terms of revenues? OCC generally does not provide specifics regarding OCC's individual targeted market sectors. That said, during the Q1, OCC saw increases in quotes and customer orders in the data center market sector, particularly in January. We believe this activity will continue to grow this year and will result in greater data center market sector revenues during the remainder of fiscal year 2026. Thanks, Tracy. Next question is, have you seen any interest regarding a potential acquisition of OCC by larger players, given that many of the larger players urgently need increased capacity? Caroline, as you might expect, we are unable to comment on whether or not there's been any such interest. Thanks, Neil. Next question, will you ever have an analyst day, perhaps with an investor deck? OCC has given presentations to analysts in the past. However, as a small micro-cap company, OCC does not have any analyst coverage at the moment. Thanks, Tracy. Next question. I've noticed increasing job activity, including night shift jobs, appearing on the job section of your website. Can we assume this is in anticipation of increased activity for the H2 of 2026? OCC currently is hiring in our manufacturing operations. We have been hiring to meet what we believe will be our personnel needs this fiscal year and recognizing the time it takes to train new manufacturing personnel. OCC is fortunate to have skilled long-term employees. Of course, OCC does have some personnel turnover as well that results in open positions. However, we are proud that OCC tends to have lower personnel turnover than other companies. Thanks, Tracy. Next question. When do you think it's possible to start generating more revenue from the Lightera collaboration? Can you give us an idea on how this might change current revenue rate? Working with Lightera has already begun to generate more opportunities, and we believe this will continue and contribute to revenue growth in fiscal year 2026 and beyond. Thank you. Next question is, can you give more color on the Lightera collaboration and how you ended up at 7% for a share purchase? Did they want to buy more? Excuse me. It would not be appropriate for me to comment more on the Lightera collaboration beyond what OCC and Lightera have already disclosed. I would like to say, though, we think very highly of the Lightera and the Lightera team, and we believe their investment in OCC reflects Lightera's confidence in our business and our strong collaboration with them. I will also say that I believe that the Lightera-OCC collaboration is benefiting both companies and will continue to do so. Thanks, Neil. Next question, can you comment on demand signals or expand on backlog in the Tier II data center sales cycle? Can you give an idea on the typical sales cycle as it might pertain to the Lightera collaboration activity and new revenue streams? 1st, the OCC team stays close to customers and others that impact opportunities on a daily basis, and that allows us to see what demand signals are happening in the marketplace and provides us insight and a good sense of market dynamics. Also, the data center cycle tends to be longer, for data center markets, particularly Tier II, than the sales cycle for OCC's typical sales. We also believe the strategic collaboration is benefiting OCC and Lightera in generating additional opportunities which we believe will continue to grow this fiscal year. Thank you. Next question is, in the past you had mentioned you expect the H2 to be stronger than the H1. Is this still the case? Yes. As we have mentioned earlier on this call, we do expect the remainder of fiscal 2026 to show further growth, including the H2 of the fiscal year. Thanks, Tracy. Our last pre-submitted question this morning is, at what point do you expect the growth to inflect in 2026? While we're not giving revenue guidance for fiscal year 2026, either for the year or by quarter, I would point out that we have seen a growing sales order backlog and forward load. Our sales order backlog and forward load was $10.4 million at the end of the Q1 of 2026, an increase of more than 50% when compared to the same period last year. Thanks, both. That was the last pre-submitted question. Thank you, Caroline. Now, Angela, we will take any questions from analysts and institutional investors that may have questions. We ask that you please limit yourself to 1 question and 1 follow-up. Angela, if you could please indicate the instructions for our participants to call in any questions they may have, I'd appreciate it. Again, we're only taking live questions from analysts and institutional investors. Thank you. If you'd like to ask a question, press star one on your keypad. To leave the queue at any time, press star two. We do ask that you limit yourself to 1 question and 1 follow-up. Once again, that is star one to ask a question. We'll take our 1st question from Sergi Mascarell with Eden Discovery. Your line is now open. Hey, guys. Thanks for taking our questions. Can you hear me well? Yes. Okay, perfect. The last call, you talked about some project delays. Can you update us about that? Yes. We had, I think in the last quarter, maybe the quarter before that, we had mentioned that we had seen in the marketplace some projects that were being delayed, but we didn't believe that was affecting our overall results. Right now I can't think of anything offhand that is being delayed at the moment, but that always can happen in any quarter, but we don't expect that to be impacting our results this year. Okay, that's perfect. My 2nd and last question is that during the fiscal year 2025, the backlog was growing about 20%, but we didn't see that translating into a revenue growth. Why is that? Well, the backlog is a measurement of any point in time. I think what we did see as it was growing, that last year we had increased sales 9.5% in total, and we saw significant strong sales in the Q3 and Q4 of last year. I think that that's what was really, it's consistent with that, with that backlog growth. I think the fact that we have mentioned that we're seeing a larger backlog, sales order backlog at the end of the Q1 and the fact that we're seeing more activity in quote requests in our markets, we believe that that's a good signal for the rest of fiscal year 2026. Thank you. Once again, if you'd like to ask a question, please press star and one on your keypad now. At this time, there are no further questions in queue. I will turn the meeting back to Neil Wilkin. Thank you, Angela. I would like to thank everyone for listening to our Q1 of fiscal year 2026 conference call today. As always, we appreciate your time and your investment in Optical Cable Corporation, and that's most appreciated. I also want to thank the members of the United States Armed Forces and be with them and thinking of them during this period of time. Thank you all. Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect.

Speaker 3: Good morning. My name is Angela, and I will be your conference operator today. At this time, I would like to welcome you to the Optical Cable Corporation's Q1 of fiscal year 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question-and-answer period. If you would like to ask a question at that time, please press star one on your telephone keypad. If you wish to remove yourself from the queue, please press star two. Ms Felix, you may begin your conference. Good morning. good morning My name is Angela, and I will be your conference operator today. my name is angela and i will be your conference operator today At this time, I would like to welcome you to the Optical Cable Corporation's Q1 of fiscal year 2026 earnings conference call. at this time i would like to welcome you to the optical cable corporation's q1 of fiscal year 2026 earnings conference call All lines have been placed on mute to prevent any background noise. all lines have been placed on mute to prevent any background noise After the speaker's remarks, there will be a question-and-answer period. after the speaker's remarks there will be a question-and-answer period If you would like to ask a question at that time, please press star one on your telephone keypad. if you would like to ask a question at that time please press star one on your telephone keypad If you wish to remove yourself from the queue, please press star two. if you wish to remove yourself from the queue please press star two Ms Felix, you may begin your conference. ms felix you may begin your conference

Speaker 1: Good morning, and thank you for joining us for Optical Cable Corporation's Q1 of fiscal year 2026 conference call. By this time, everyone should have a copy of the earnings press release issued earlier today. You can also visit www.occfiber.com for a copy. On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC, and Tracy Smith, Senior Vice President and Chief Financial Officer. Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. The actual future results of Optical Cable Corporation may differ materially due to a number of factors and risks, including, but not limited to, those factors referenced in the forward-looking statements section of this morning's press release. These cautionary statements apply to the contents of the internet webcast on www.occfiber.com, as well as today's call. Good morning, and thank you for joining us for Optical Cable Corporation's Q1 of fiscal year 2026 conference call. good morning and thank you for joining us for optical cable corporation's q1 of fiscal year 2026 conference call By this time, everyone should have a copy of the earnings press release issued earlier today. by this time everyone should have a copy of the earnings press release issued earlier today You can also visit www.occfiber.com for a copy. you can also visit www.occfiber.com for a copy On the call with us today are Neil Wilkin, President and Chief Executive Officer of OCC, and Tracy Smith, Senior Vice President and Chief Financial Officer. on the call with us today are neil wilkin president and chief executive officer of occ and tracy smith senior vice president and chief financial officer Before we begin, I'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties. before we begin i'd like to remind everyone that this call may contain forward-looking statements that involve risks and uncertainties The actual future results of Optical Cable Corporation may differ materially due to a number of factors and risks, including, but not limited to, those factors referenced in the forward-looking statements section of this morning's press release. the actual future results of optical cable corporation may differ materially due to a number of factors and risks including but not limited to those factors referenced in the forward-looking statements section of this morning's press release These cautionary statements apply to the contents of the internet webcast on www.occfiber.com, as well as today's call. these cautionary statements apply to the contents of the internet webcast on www.occfiber.com as well as today's call With that, I'll turn the call over to Neil Wilkin. Neil, please begin. With that, I'll turn the call over to Neil Wilkin. with that i'll turn the call over to neil wilkin Neil, please begin. neil please begin

Speaker 2: Thank you, Caroline, and good morning, everyone. I will begin the call today with a few opening remarks. Tracy will then review the Q1 results for the 3-month period ended January 31, 2026, in some additional detail. After Tracy's remarks, we will answer as many questions as we can. As is our normal practice, we will only take questions from analysts and institutional investors during the Q&A session. However, we also offer other shareholders the opportunity to submit questions in advance of our earnings call. Instructions regarding such submissions are included in our press release announcing the date and time of our call. OCC is off to a strong start in fiscal year 2026. During the Q1, we delivered net sales and gross profit growth, largely driven by increased demand across our enterprise and specialty markets and the positive impact of our operating leverage. Thank you, Caroline, and good morning, everyone. thank you caroline and good morning everyone I will begin the call today with a few opening remarks. i will begin the call today with a few opening remarks Tracy will then review the Q1 results for the 3-month period ended January 31, 2026, in some additional detail. tracy will then review the q1 results for the 3-month period ended january 31 2026 in some additional detail After Tracy's remarks, we will answer as many questions as we can. after tracy's remarks we will answer as many questions as we can As is our normal practice, we will only take questions from analysts and institutional investors during the Q&A session. as is our normal practice we will only take questions from analysts and institutional investors during the q&a session However, we also offer other shareholders the opportunity to submit questions in advance of our earnings call. however we also offer other shareholders the opportunity to submit questions in advance of our earnings call Instructions regarding such submissions are included in our press release announcing the date and time of our call. instructions regarding such submissions are included in our press release announcing the date and time of our call OCC is off to a strong start in fiscal year 2026. occ is off to a strong start in fiscal year 2026 During the Q1, we delivered net sales and gross profit growth, largely driven by increased demand across our enterprise and specialty markets and the positive impact of our operating leverage. during the q1 we delivered net sales and gross profit growth largely driven by increased demand across our enterprise and specialty markets and the positive impact of our operating leverage During the Q1 of fiscal year 2026, net sales increased 4.4% and gross profit increased 16.1% compared to the same period last fiscal year, and gross profit margin increased to 32.7%. Additionally, our sales order backlog and forward load increased more than 50% to $10.4 million as of the end of the Q1 when compared to the same prior fiscal year period. We expect to continue to build on this momentum. While seasonality typically impacts the H1 of our fiscal year, during our Q2, we are seeing growing momentum in our targeted markets and, in particular, in our data center market. We are confident that OCC is well-positioned for growth during fiscal year 2026. As always, remain focused on disciplined execution to drive value for our customers and shareholders. During the Q1 of fiscal year 2026, net sales increased 4.4% and gross profit increased 16.1% compared to the same period last fiscal year, and gross profit margin increased to 32.7%. during the q1 of fiscal year 2026 net sales increased 4.4% and gross profit increased 16.1% compared to the same period last fiscal year and gross profit margin increased to 32.7% Additionally, our sales order backlog and forward load increased more than 50% to $10.4 million as of the end of the Q1 when compared to the same prior fiscal year period. additionally our sales order backlog and forward load increased more than 50% to $10.4 million as of the end of the q1 when compared to the same prior fiscal year period We expect to continue to build on this momentum. we expect to continue to build on this momentum While seasonality typically impacts the H1 of our fiscal year, during our Q2 , we are seeing growing momentum in our targeted markets and, in particular, in our data center market. while seasonality typically impacts the h1 of our fiscal year during our q2 we are seeing growing momentum in our targeted markets and in particular in our data center market We are confident that OCC is well-positioned for growth during fiscal year 2026. we are confident that occ is well-positioned for growth during fiscal year 2026 As always, remain focused on disciplined execution to drive value for our customers and shareholders. as always remain focused on disciplined execution to drive value for our customers and shareholders With that, I will turn the call over to Tracy, who will review in additional detail our Q1 of fiscal year 2026 financial results. With that, I will turn the call over to Tracy, who will review in additional detail our Q1 of fiscal year 2026 financial results. with that i will turn the call over to tracy who will review in additional detail our q1 of fiscal year 2026 financial results

Speaker 5: Thank you, Neil. Consolidated net sales for the Q1 of fiscal 2026 increased 4.4% to $16.4 million compared to $15.7 million for the same period last year. During the Q1 of fiscal 2026, we experienced an increase in net sales in both our enterprise and specialty markets compared to the same period last year, as we continue to see general market improvements in our industry and strength in our severe-duty market. Net sales to customers outside of the United States increased 18%, and net sales to our customers in the United States increased slightly in the Q1 of fiscal year 2026 compared to the same period last year. Thank you, Neil. thank you neil Consolidated net sales for the Q1 of fiscal 2026 increased 4.4% to $16.4 million compared to $15.7 million for the same period last year. consolidated net sales for the q1 of fiscal 2026 increased 4.4% to $16.4 million compared to $15.7 million for the same period last year During the Q1 of fiscal 2026, we experienced an increase in net sales in both our enterprise and specialty markets compared to the same period last year, as we continue to see general market improvements in our industry and strength in our severe-duty market. during the q1 of fiscal 2026 we experienced an increase in net sales in both our enterprise and specialty markets compared to the same period last year as we continue to see general market improvements in our industry and strength in our severe-duty market Net sales to customers outside of the United States increased 18%, and net sales to our customers in the United States increased slightly in the Q1 of fiscal year 2026 compared to the same period last year. net sales to customers outside of the united states increased 18% and net sales to our customers in the united states increased slightly in the q1 of fiscal year 2026 compared to the same period last year As Neil referenced, our sales order backlog and forward load increased to $10.4 million compared to $6.6 million as of the end of our 1st fiscal quarter of 2025. Our sales order backlog and forward load also increased when compared to $7.3 million as of our 2025 fiscal year-end. Turning to gross profit, our gross profit increased 16.1% to $5.4 million in the fQ1 of fiscal 2026 compared to $4.6 million for the same period last year. Gross profit margin, our gross profit as a percentage of net sales, increased to 32.7% compared to 29.4% in the same prior year period. As Neil referenced, our sales order backlog and forward load increased to $10.4 million compared to $6.6 million as of the end of our 1st fiscal quarter of 2025. as neil referenced our sales order backlog and forward load increased to $10.4 million compared to $6.6 million as of the end of our 1st fiscal quarter of 2025 Our sales order backlog and forward load also increased when compared to $7.3 million as of our 2025 fiscal year-end. our sales order backlog and forward load also increased when compared to $7.3 million as of our 2025 fiscal year-end Turning to gross profit, our gross profit increased 16.1% to $5.4 million in the fQ1 of fiscal 2026 compared to $4.6 million for the same period last year. turning to gross profit our gross profit increased 16.1% to $5.4 million in the fq1 of fiscal 2026 compared to $4.6 million for the same period last year Gross profit margin, our gross profit as a percentage of net sales, increased to 32.7% compared to 29.4% in the same prior year period. gross profit margin our gross profit as a percentage of net sales increased to 32.7% compared to 29.4% in the same prior year period Gross profit margin for the Q1 of fiscal 2026 was positively impacted by higher volumes and the resulting positive impact of our strong operating leverage. Our gross profit margin percentages are heavily dependent upon product mix on a quarterly basis and may vary based on changes in product mix. SG&A expenses increased to $5.6 million in the Q1 of fiscal year 2026, compared to $5.5 million for the same period last year, primarily as a result of increases in employee and contracted sales personnel related costs and shipping costs. SG&A expenses as a percentage of net sales were 33.8% in the Q1 of fiscal 2026, compared to 34.7% in the Q1 of fiscal 2025. Gross profit margin for the Q1 of fiscal 2026 was positively impacted by higher volumes and the resulting positive impact of our strong operating leverage. gross profit margin for the q1 of fiscal 2026 was positively impacted by higher volumes and the resulting positive impact of our strong operating leverage Our gross profit margin percentages are heavily dependent upon product mix on a quarterly basis and may vary based on changes in product mix. SG&A expenses increased to $5.6 million in the Q1 of fiscal year 2026, compared to $5.5 million for the same period last year, primarily as a result of increases in employee and contracted sales personnel related costs and shipping costs. our gross profit margin percentages are heavily dependent upon product mix on a quarterly basis and may vary based on changes in product mix. sg&a expenses increased to $5.6 million in the q1 of fiscal year 2026 compared to $5.5 million for the same period last year primarily as a result of increases in employee and contracted sales personnel related costs and shipping costs SG&A expenses as a percentage of net sales were 33.8% in the Q1 of fiscal 2026, compared to 34.7% in the Q1 of fiscal 2025. sg&a expenses as a percentage of net sales were 33.8% in the q1 of fiscal 2026 compared to 34.7% in the q1 of fiscal 2025 OCC recorded a net loss of $398,000 or $0.05 per basic and diluted share for the Q1 of fiscal 2026, compared to a net loss of $1.1 million or $0.14 per basic and diluted share for the Q1 of fiscal 2025. With that, I'll turn the call back over to you, Neil. OCC recorded a net loss of $398,000 or $0.05 per basic and diluted share for the Q1 of fiscal 2026, compared to a net loss of $1.1 million or $0.14 per basic and diluted share for the Q1 of fiscal 2025. occ recorded a net loss of $398,000 or $0.05 per basic and diluted share for the q1 of fiscal 2026 compared to a net loss of $1.1 million or $0.14 per basic and diluted share for the q1 of fiscal 2025 With that, I'll turn the call back over to you, Neil. with that i'll turn the call back over to you neil

Speaker 2: Thank you, Tracy. As is our normal practice, we're going to 1st answer questions from individual investors that have been submitted in advance of today's call. Caroline, could you go through the questions with us, and we will respond? Thank you, Tracy. thank you tracy As is our normal practice, we're going to 1st answer questions from individual investors that have been submitted in advance of today's call. as is our normal practice we're going to 1st answer questions from individual investors that have been submitted in advance of today's call Caroline, could you go through the questions with us, and we will respond? caroline could you go through the questions with us and we will respond

Speaker 1: Yes. Thanks, Neil. We'll get started. The 1st question is, can you update us on the data center opportunity in general, how you feel about it, and if the opportunity has strengthened or not during the quarter? Any major changes or updates? Yes. yes Thanks, Neil. thanks neil We'll get started. we'll get started The 1st question is, can you update us on the data center opportunity in general, how you feel about it, and if the opportunity has strengthened or not during the quarter? the 1st question is can you update us on the data center opportunity in general how you feel about it and if the opportunity has strengthened or not during the quarter Any major changes or updates? any major changes or updates

Speaker 2: We continue to be optimistic about the data center opportunities, particularly in the multi-tenant data center and enterprise data center sectors. OCC saw and is seeing significant and growing activity and customer requests for quotes in the data center sector, particularly in January, and that activity is continuing and growing as we enter the Q2 of fiscal 2026. We believe this momentum will continue and result in increased sales in our targeted sectors of the data center market as fiscal year 2026 progresses. We continue to be optimistic about the data center opportunities, particularly in the multi-tenant data center and enterprise data center sectors. we continue to be optimistic about the data center opportunities particularly in the multi-tenant data center and enterprise data center sectors OCC saw and is seeing significant and growing activity and customer requests for quotes in the data center sector, particularly in January, and that activity is continuing and growing as we enter the Q2 of fiscal 2026. occ saw and is seeing significant and growing activity and customer requests for quotes in the data center sector particularly in january and that activity is continuing and growing as we enter the q2 of fiscal 2026 We believe this momentum will continue and result in increased sales in our targeted sectors of the data center market as fiscal year 2026 progresses. we believe this momentum will continue and result in increased sales in our targeted sectors of the data center market as fiscal year 2026 progresses

Speaker 1: Thanks, Neil. The next question is, in terms of outlook into 2026, in general, do you feel more or less optimistic now than in Q4? Thanks, Neil. thanks neil The next question is, in terms of outlook into 2026, in general, do you feel more or less optimistic now than in Q4? the next question is in terms of outlook into 2026 in general do you feel more or less optimistic now than in q4

Speaker 2: I would like to say that we continue to be very optimistic about potential sales growth this year. As you all know, we typically see seasonality impact our results during the H1 of a given fiscal year, particularly during the Q1. However, based on the fact that our sales order backlog and forward load has increased more than 50% to $10.4 million as of the end of fiscal quarter, the 1st fiscal quarter of 2026 when compared to the same period last year, and that the activity and requests for quotes we have seen in our targeted market sectors, including the data center market sector, have been increasing. We continue to expect sales growth during fiscal year 2026. I would like to say that we continue to be very optimistic about potential sales growth this year. i would like to say that we continue to be very optimistic about potential sales growth this year As you all know, we typically see seasonality impact our results during the H1 of a given fiscal year, particularly during the Q1 . as you all know we typically see seasonality impact our results during the h1 of a given fiscal year particularly during the q1 However, based on the fact that our sales order backlog and forward load has increased more than 50% to $10.4 million as of the end of fiscal quarter, the 1st fiscal quarter of 2026 when compared to the same period last year, and that the activity and requests for quotes we have seen in our targeted market sectors, including the data center market sector, have been increasing. however based on the fact that our sales order backlog and forward load has increased more than 50% to $10.4 million as of the end of fiscal quarter the 1st fiscal quarter of 2026 when compared to the same period last year and that the activity and requests for quotes we have seen in our targeted market sectors including the data center market sector have been increasing We continue to expect sales growth during fiscal year 2026. we continue to expect sales growth during fiscal year 2026

Speaker 1: Thanks, Neil. Next question. In the past, you have been commenting on improvements in OCC end markets. Have these improvements continued? Can you comment on new and emerging trends or risks? Thanks, Neil. thanks neil Next question. next question In the past, you have been commenting on improvements in OCC end markets. in the past you have been commenting on improvements in occ end markets Have these improvements continued? have these improvements continued Can you comment on new and emerging trends or risks? can you comment on new and emerging trends or risks

Speaker 2: Thank you. As you all know, during fiscal year 2025, net sales increased 9.5% and gross profits increased 24.1% compared to the prior fiscal year, which we believe reflects the improvements we saw in many of our targeted markets last year, particularly during the H2 of fiscal year 2025. Far, we continue to see growth opportunities in many of our targeted market sectors, including in particular, the data center market during fiscal year 2026. We believe this will continue to be the case, and this will positively impact OCC's revenue growth in fiscal year 2026. Thank you. thank you As you all know, during fiscal year 2025, net sales increased 9.5% and gross profits increased 24.1% compared to the prior fiscal year, which we believe reflects the improvements we saw in many of our targeted markets last year, particularly during the H2 of fiscal year 2025. as you all know during fiscal year 2025 net sales increased 9.5% and gross profits increased 24.1% compared to the prior fiscal year which we believe reflects the improvements we saw in many of our targeted markets last year particularly during the h2 of fiscal year 2025 Far, we continue to see growth opportunities in many of our targeted market sectors, including in particular, the data center market during fiscal year 2026. far we continue to see growth opportunities in many of our targeted market sectors including in particular the data center market during fiscal year 2026 We believe this will continue to be the case, and this will positively impact OCC's revenue growth in fiscal year 2026. we believe this will continue to be the case and this will positively impact occ's revenue growth in fiscal year 2026

Speaker 1: Thanks, Neil. Next question. Can you please provide an update on progress of the Lightera collaboration? Thanks, Neil. thanks neil Next question. next question Can you please provide an update on progress of the Lightera collaboration? can you please provide an update on progress of the lightera collaboration

Speaker 2: Sure. As we've mentioned before, OCC has worked with Lightera, formerly known as OFS, for decades. The strategic collaboration with Lightera announced last year was built on that long-standing relationship and the respect each team has for the other. The OCC and Lightera teams work well together and complement each other, enabling both companies to benefit from this important relationship. We believe we're seeing the benefit of that, as we move into fiscal year 2026. Sure. sure As we've mentioned before, OCC has worked with Lightera, formerly known as OFS, for decades. as we've mentioned before occ has worked with lightera formerly known as ofs for decades The strategic collaboration with Lightera announced last year was built on that long-standing relationship and the respect each team has for the other. the strategic collaboration with lightera announced last year was built on that long-standing relationship and the respect each team has for the other The OCC and Lightera teams work well together and complement each other, enabling both companies to benefit from this important relationship. the occ and lightera teams work well together and complement each other enabling both companies to benefit from this important relationship We believe we're seeing the benefit of that, as we move into fiscal year 2026. we believe we're seeing the benefit of that as we move into fiscal year 2026

Speaker 1: Thanks, Neil. Next question. Could you comment on the type of products you expect to sell alongside Lightera? Will they be on the margin accretive connectivity side or more on the basic cabling side? Thanks, Neil. thanks neil Next question. next question Could you comment on the type of products you expect to sell alongside Lightera? could you comment on the type of products you expect to sell alongside lightera Will they be on the margin accretive connectivity side or more on the basic cabling side? will they be on the margin accretive connectivity side or more on the basic cabling side

Speaker 2: Sure. OCC and Lightera have assembled product sets that we believe provide exceptional solutions to meet our customer needs. They're both on the cabling side and on the connectivity side. Lightera, speaking of Lightera products, they have a number of industry-leading product designs that are now included in OCC's product solutions offering. A couple of examples include Lightera's rollable ribbon fiber optic cable, which is particularly well-suited for data center applications. Additionally, Lightera's InvisiLight product solutions are particularly well-suited for installations of passive optical LAN technology in existing buildings, where traditional passive optical LAN installations are more challenging. Of course, Lightera and OCC are both known for innovative product solutions and the development of new product solutions, which I would expect to continue to be the case. Sure. sure OCC and Lightera have assembled product sets that we believe provide exceptional solutions to meet our customer needs. occ and lightera have assembled product sets that we believe provide exceptional solutions to meet our customer needs They're both on the cabling side and on the connectivity side. they're both on the cabling side and on the connectivity side Lightera, speaking of Lightera products, they have a number of industry-leading product designs that are now included in OCC's product solutions offering. lightera speaking of lightera products they have a number of industry-leading product designs that are now included in occ's product solutions offering A couple of examples include Lightera's rollable ribbon fiber optic cable, which is particularly well-suited for data center applications. a couple of examples include lightera's rollable ribbon fiber optic cable which is particularly well-suited for data center applications Additionally, Lightera's InvisiLight product solutions are particularly well-suited for installations of passive optical LAN technology in existing buildings, where traditional passive optical LAN installations are more challenging. additionally lightera's invisilight product solutions are particularly well-suited for installations of passive optical lan technology in existing buildings where traditional passive optical lan installations are more challenging Of course, Lightera and OCC are both known for innovative product solutions and the development of new product solutions, which I would expect to continue to be the case. of course lightera and occ are both known for innovative product solutions and the development of new product solutions which i would expect to continue to be the case

Speaker 1: Thanks, Neil. Next question is, can you explain if data center revenue had an impact in Q1, and what to expect for the rest of the year in terms of revenues? Thanks, Neil. thanks neil Next question is, can you explain if data center revenue had an impact in Q1, and what to expect for the rest of the year in terms of revenues? next question is can you explain if data center revenue had an impact in q1 and what to expect for the rest of the year in terms of revenues

Speaker 5: OCC generally does not provide specifics regarding OCC's individual targeted market sectors. That said, during the Q1, OCC saw increases in quotes and customer orders in the data center market sector, particularly in January. We believe this activity will continue to grow this year and will result in greater data center market sector revenues during the remainder of fiscal year 2026. OCC generally does not provide specifics regarding OCC's individual targeted market sectors. occ generally does not provide specifics regarding occ's individual targeted market sectors That said, during the Q1 , OCC saw increases in quotes and customer orders in the data center market sector, particularly in January. that said during the q1 occ saw increases in quotes and customer orders in the data center market sector particularly in january We believe this activity will continue to grow this year and will result in greater data center market sector revenues during the remainder of fiscal year 2026. we believe this activity will continue to grow this year and will result in greater data center market sector revenues during the remainder of fiscal year 2026

Speaker 1: Thanks, Tracy. Next question is, have you seen any interest regarding a potential acquisition of OCC by larger players, given that many of the larger players urgently need increased capacity? Thanks, Tracy. thanks tracy Next question is, have you seen any interest regarding a potential acquisition of OCC by larger players, given that many of the larger players urgently need increased capacity? next question is have you seen any interest regarding a potential acquisition of occ by larger players given that many of the larger players urgently need increased capacity

Speaker 2: Caroline, as you might expect, we are unable to comment on whether or not there's been any such interest. Caroline, as you might expect, we are unable to comment on whether or not there's been any such interest. caroline as you might expect we are unable to comment on whether or not there's been any such interest

Speaker 1: Thanks, Neil. Next question, will you ever have an analyst day, perhaps with an investor deck? Thanks, Neil. thanks neil Next question, will you ever have an analyst day, perhaps with an investor deck? next question will you ever have an analyst day perhaps with an investor deck

Speaker 5: OCC has given presentations to analysts in the past. However, as a small micro-cap company, OCC does not have any analyst coverage at the moment. OCC has given presentations to analysts in the past. occ has given presentations to analysts in the past However, as a small micro-cap company, OCC does not have any analyst coverage at the moment. however as a small micro-cap company occ does not have any analyst coverage at the moment

Speaker 1: Thanks, Tracy. Next question. I've noticed increasing job activity, including night shift jobs, appearing on the job section of your website. Can we assume this is in anticipation of increased activity for the H2 of 2026? Thanks, Tracy. thanks tracy Next question. next question I've noticed increasing job activity, including night shift jobs, appearing on the job section of your website. i've noticed increasing job activity including night shift jobs appearing on the job section of your website Can we assume this is in anticipation of increased activity for the H2 of 2026? can we assume this is in anticipation of increased activity for the h2 of 2026

Speaker 5: OCC currently is hiring in our manufacturing operations. We have been hiring to meet what we believe will be our personnel needs this fiscal year and recognizing the time it takes to train new manufacturing personnel. OCC is fortunate to have skilled long-term employees. Of course, OCC does have some personnel turnover as well that results in open positions. However, we are proud that OCC tends to have lower personnel turnover than other companies. OCC currently is hiring in our manufacturing operations. occ currently is hiring in our manufacturing operations We have been hiring to meet what we believe will be our personnel needs this fiscal year and recognizing the time it takes to train new manufacturing personnel. we have been hiring to meet what we believe will be our personnel needs this fiscal year and recognizing the time it takes to train new manufacturing personnel OCC is fortunate to have skilled long-term employees. occ is fortunate to have skilled long-term employees Of course, OCC does have some personnel turnover as well that results in open positions. of course occ does have some personnel turnover as well that results in open positions However, we are proud that OCC tends to have lower personnel turnover than other companies. however we are proud that occ tends to have lower personnel turnover than other companies

Speaker 1: Thanks, Tracy. Next question. When do you think it's possible to start generating more revenue from the Lightera collaboration? Can you give us an idea on how this might change current revenue rate? Thanks, Tracy. thanks tracy Next question. next question When do you think it's possible to start generating more revenue from the Lightera collaboration? when do you think it's possible to start generating more revenue from the lightera collaboration Can you give us an idea on how this might change current revenue rate? can you give us an idea on how this might change current revenue rate

Speaker 5: Working with Lightera has already begun to generate more opportunities, and we believe this will continue and contribute to revenue growth in fiscal year 2026 and beyond. Working with Lightera has already begun to generate more opportunities, and we believe this will continue and contribute to revenue growth in fiscal year 2026 and beyond. working with lightera has already begun to generate more opportunities and we believe this will continue and contribute to revenue growth in fiscal year 2026 and beyond

Speaker 1: Thank you. Next question is, can you give more color on the Lightera collaboration and how you ended up at 7% for a share purchase? Did they want to buy more? Thank you. thank you Next question is, can you give more color on the Lightera collaboration and how you ended up at 7% for a share purchase? next question is can you give more color on the lightera collaboration and how you ended up at 7% for a share purchase Did they want to buy more? did they want to buy more

Speaker 2: Excuse me. It would not be appropriate for me to comment more on the Lightera collaboration beyond what OCC and Lightera have already disclosed. I would like to say, though, we think very highly of the Lightera and the Lightera team, and we believe their investment in OCC reflects Lightera's confidence in our business and our strong collaboration with them. I will also say that I believe that the Lightera-OCC collaboration is benefiting both companies and will continue to do so. Excuse me. excuse me It would not be appropriate for me to comment more on the Lightera collaboration beyond what OCC and Lightera have already disclosed. it would not be appropriate for me to comment more on the lightera collaboration beyond what occ and lightera have already disclosed I would like to say, though, we think very highly of the Lightera and the Lightera team, and we believe their investment in OCC reflects Lightera's confidence in our business and our strong collaboration with them. i would like to say though we think very highly of the lightera and the lightera team and we believe their investment in occ reflects lightera's confidence in our business and our strong collaboration with them I will also say that I believe that the Lightera-OCC collaboration is benefiting both companies and will continue to do so. i will also say that i believe that the lightera-occ collaboration is benefiting both companies and will continue to do so

Speaker 1: Thanks, Neil. Next question, can you comment on demand signals or expand on backlog in the Tier II data center sales cycle? Can you give an idea on the typical sales cycle as it might pertain to the Lightera collaboration activity and new revenue streams? Thanks, Neil. thanks neil Next question, can you comment on demand signals or expand on backlog in the Tier II data center sales cycle? next question can you comment on demand signals or expand on backlog in the tier ii data center sales cycle Can you give an idea on the typical sales cycle as it might pertain to the Lightera collaboration activity and new revenue streams? can you give an idea on the typical sales cycle as it might pertain to the lightera collaboration activity and new revenue streams

Speaker 2: 1st, the OCC team stays close to customers and others that impact opportunities on a daily basis, and that allows us to see what demand signals are happening in the marketplace and provides us insight and a good sense of market dynamics. Also, the data center cycle tends to be longer, for data center markets, particularly Tier II, than the sales cycle for OCC's typical sales. We also believe the strategic collaboration is benefiting OCC and Lightera in generating additional opportunities which we believe will continue to grow this fiscal year. 1st, the OCC team stays close to customers and others that impact opportunities on a daily basis, and that allows us to see what demand signals are happening in the marketplace and provides us insight and a good sense of market dynamics. 1st the occ team stays close to customers and others that impact opportunities on a daily basis and that allows us to see what demand signals are happening in the marketplace and provides us insight and a good sense of market dynamics Also, the data center cycle tends to be longer, for data center markets, particularly Tier II, than the sales cycle for OCC's typical sales. also the data center cycle tends to be longer for data center markets particularly tier ii than the sales cycle for occ's typical sales We also believe the strategic collaboration is benefiting OCC and Lightera in generating additional opportunities which we believe will continue to grow this fiscal year. we also believe the strategic collaboration is benefiting occ and lightera in generating additional opportunities which we believe will continue to grow this fiscal year

Speaker 1: Thank you. Next question is, in the past you had mentioned you expect the H2 to be stronger than the H1. Is this still the case? Thank you. thank you Next question is, in the past you had mentioned you expect the H2 to be stronger than the H1 . next question is in the past you had mentioned you expect the h2 to be stronger than the h1 Is this still the case? is this still the case

Speaker 5: Yes. As we have mentioned earlier on this call, we do expect the remainder of fiscal 2026 to show further growth, including the H2 of the fiscal year. Yes. yes As we have mentioned earlier on this call, we do expect the remainder of fiscal 2026 to show further growth, including the H2 of the fiscal year. as we have mentioned earlier on this call we do expect the remainder of fiscal 2026 to show further growth including the h2 of the fiscal year

Speaker 1: Thanks, Tracy. Our last pre-submitted question this morning is, at what point do you expect the growth to inflect in 2026? Thanks, Tracy. thanks tracy Our last pre-submitted question this morning is, at what point do you expect the growth to inflect in 2026? our last pre-submitted question this morning is at what point do you expect the growth to inflect in 2026

Speaker 5: While we're not giving revenue guidance for fiscal year 2026, either for the year or by quarter, I would point out that we have seen a growing sales order backlog and forward load. Our sales order backlog and forward load was $10.4 million at the end of the Q1 of 2026, an increase of more than 50% when compared to the same period last year. While we're not giving revenue guidance for fiscal year 2026, either for the year or by quarter, I would point out that we have seen a growing sales order backlog and forward load. while we're not giving revenue guidance for fiscal year 2026 either for the year or by quarter i would point out that we have seen a growing sales order backlog and forward load Our sales order backlog and forward load was $10.4 million at the end of the Q1 of 2026, an increase of more than 50% when compared to the same period last year. our sales order backlog and forward load was $10.4 million at the end of the q1 of 2026 an increase of more than 50% when compared to the same period last year

Speaker 1: Thanks, both. That was the last pre-submitted question. Thanks, both. thanks both That was the last pre-submitted question. that was the last pre-submitted question

Speaker 2: Thank you, Caroline. Now, Angela, we will take any questions from analysts and institutional investors that may have questions. We ask that you please limit yourself to 1 question and 1 follow-up. Angela, if you could please indicate the instructions for our participants to call in any questions they may have, I'd appreciate it. Again, we're only taking live questions from analysts and institutional investors. Thank you, Caroline. thank you caroline Now, Angela, we will take any questions from analysts and institutional investors that may have questions. now angela we will take any questions from analysts and institutional investors that may have questions We ask that you please limit yourself to 1 question and 1 follow-up. we ask that you please limit yourself to 1 question and 1 follow-up Angela, if you could please indicate the instructions for our participants to call in any questions they may have, I'd appreciate it. angela if you could please indicate the instructions for our participants to call in any questions they may have i'd appreciate it Again, we're only taking live questions from analysts and institutional investors. again we're only taking live questions from analysts and institutional investors

Speaker 3: Thank you. If you'd like to ask a question, press star one on your keypad. To leave the queue at any time, press star two. We do ask that you limit yourself to 1 question and 1 follow-up. Once again, that is star one to ask a question. We'll take our 1st question from Sergi Mascarell with Eden Discovery. Your line is now open. Thank you. thank you If you'd like to ask a question, press star one on your keypad. if you'd like to ask a question press star one on your keypad To leave the queue at any time, press star two. to leave the queue at any time press star two We do ask that you limit yourself to 1 question and 1 follow-up. Once again, that is star one to ask a question. we do ask that you limit yourself to 1 question and 1 follow-up. once again that is star one to ask a question We'll take our 1st question from Sergi Mascarell with Eden Discovery. we'll take our 1st question from sergi mascarell with eden discovery Your line is now open. your line is now open

Speaker 4: Hey, guys. Thanks for taking our questions. Can you hear me well? Hey, guys. hey guys Thanks for taking our questions. thanks for taking our questions Can you hear me well? can you hear me well

Speaker 2: Yes. Yes. yes

Speaker 4: Okay, perfect. The last call, you talked about some project delays. Can you update us about that? Okay, perfect. okay perfect The last call, you talked about some project delays. the last call you talked about some project delays Can you update us about that? can you update us about that

Speaker 2: Yes. We had, I think in the last quarter, maybe the quarter before that, we had mentioned that we had seen in the marketplace some projects that were being delayed, but we didn't believe that was affecting our overall results. Right now I can't think of anything offhand that is being delayed at the moment, but that always can happen in any quarter, but we don't expect that to be impacting our results this year. Yes. yes We had, I think in the last quarter, maybe the quarter before that, we had mentioned that we had seen in the marketplace some projects that were being delayed, but we didn't believe that was affecting our overall results. we had i think in the last quarter maybe the quarter before that we had mentioned that we had seen in the marketplace some projects that were being delayed but we didn't believe that was affecting our overall results Right now I can't think of anything offhand that is being delayed at the moment, but that always can happen in any quarter, but we don't expect that to be impacting our results this year. right now i can't think of anything offhand that is being delayed at the moment but that always can happen in any quarter but we don't expect that to be impacting our results this year

Speaker 4: Okay, that's perfect. My 2nd and last question is that during the fiscal year 2025, the backlog was growing about 20%, but we didn't see that translating into a revenue growth. Why is that? Okay, that's perfect. okay that's perfect My 2nd and last question is that during the fiscal year 2025, the backlog was growing about 20%, but we didn't see that translating into a revenue growth. my 2nd and last question is that during the fiscal year 2025 the backlog was growing about 20% but we didn't see that translating into a revenue growth Why is that? why is that

Speaker 2: Well, the backlog is a measurement of any point in time. I think what we did see as it was growing, that last year we had increased sales 9.5% in total, and we saw significant strong sales in the Q3 and Q4 of last year. I think that that's what was really, it's consistent with that, with that backlog growth. I think the fact that we have mentioned that we're seeing a larger backlog, sales order backlog at the end of the Q1 and the fact that we're seeing more activity in quote requests in our markets, we believe that that's a good signal for the rest of fiscal year 2026. Well, the backlog is a measurement of any point in time. well the backlog is a measurement of any point in time I think what we did see as it was growing, that last year we had increased sales 9.5% in total, and we saw significant strong sales in the Q3 and Q4 of last year. i think what we did see as it was growing that last year we had increased sales 9.5% in total and we saw significant strong sales in the q3 and q4 of last year I think that that's what was really, it's consistent with that, with that backlog growth. i think that that's what was really it's consistent with that with that backlog growth I think the fact that we have mentioned that we're seeing a larger backlog, sales order backlog at the end of the Q1 and the fact that we're seeing more activity in quote requests in our markets, we believe that that's a good signal for the rest of fiscal year 2026. i think the fact that we have mentioned that we're seeing a larger backlog sales order backlog at the end of the q1 and the fact that we're seeing more activity in quote requests in our markets we believe that that's a good signal for the rest of fiscal year 2026

Speaker 3: Thank you. Once again, if you'd like to ask a question, please press star and one on your keypad now. At this time, there are no further questions in queue. I will turn the meeting back to Neil Wilkin. Thank you. thank you Once again, if you'd like to ask a question, please press star and one on your keypad now. once again if you'd like to ask a question please press star and one on your keypad now At this time, there are no further questions in queue. at this time there are no further questions in queue I will turn the meeting back to Neil Wilkin. i will turn the meeting back to neil wilkin

Speaker 2: Thank you, Angela. I would like to thank everyone for listening to our Q1 of fiscal year 2026 conference call today. As always, we appreciate your time and your investment in Optical Cable Corporation, and that's most appreciated. I also want to thank the members of the United States Armed Forces and be with them and thinking of them during this period of time. Thank you all. Thank you, Angela. thank you angela I would like to thank everyone for listening to our Q1 of fiscal year 2026 conference call today. i would like to thank everyone for listening to our q1 of fiscal year 2026 conference call today As always, we appreciate your time and your investment in Optical Cable Corporation, and that's most appreciated. as always we appreciate your time and your investment in optical cable corporation and that's most appreciated I also want to thank the members of the United States Armed Forces and be with them and thinking of them during this period of time. i also want to thank the members of the united states armed forces and be with them and thinking of them during this period of time Thank you all. thank you all

Speaker 3: Thank you. This brings us to the end of today's meeting. We appreciate your time and participation. You may now disconnect. Thank you. thank you This brings us to the end of today's meeting. this brings us to the end of today's meeting We appreciate your time and participation. we appreciate your time and participation You may now disconnect. you may now disconnect