Optical Cable Corporation (OCC) 2009年年度报告「NASDAQ」.pdf

1、residentialindustrialminingcommunicationsbroadcastmilitaryenterprisesecuritysecurityresidentialmilitarybroadcastcommunicationsminingindustrialenterprise2009annual repo r tUnrivaled Integrated SolutionsOPTICAL CABLE CORPORATION Annual Report 2009 1TABLE OF CONTENTS 3 Selected Consolidated Financial I

2、nformation 4 Letter to Shareholders 7 Managements Discussion and Analysis of Financial Condition and Results of Operations 22 Consolidated Financial Statements 26 Notes to Consolidated Financial Statements 48 Report of Independent Registered Public Accounting Firm 49 Corporate Information Optical Ca

3、ble Corporation 2Page intentionally left blank.Optical Cable Corporation3Selected Consolidated Financial Information(in thousands,except per share data)2009 2008 2007 2006 2005Consolidated Statement of Operations Information:Net sales$58,589$60,998$45,503$45,330$45,899 Cost of goods sold 38,748 36,8

4、38 28,333 29,908 28,067 Gross profit 19,841 24,160 17,170 15,422 17,832 Selling,general and administrative expenses 22,345 20,642 15,300 14,900 16,026 Royalty income,net(878)(636)Amortization of intangible assets 825 469 Loss on impairment of intangible assets344 Income(loss)from operations (2,795)3

5、,685 1,870 522 1,806 Other income(expense),net:Interest income(expense),net149 (147)21 (10)(21)Other,net 16 (24)27 (9)37 Income(loss)before income taxes (2,630)3,514 1,918 503 1,822 Income tax expense(benefit)(706)1,302 665 152 650 Net income(loss)$(1,924)$2,212$1,253$351$1,172 Net income(loss)per s

6、hare:Basic and diluted$(0.34)$0.36$0.21$0.06$0.20 Weighted average shares:Basic 5,656 6,062 6,089 5,954 5,776 Diluted 5,656 6,062 6,096 5,966 5,800 Consolidated Balance Sheet Information:Cash and cash equivalents$1,948$3,910$3,139$555$3,290 Working capital 20,070 23,765 15,937 14,441 15,159 Total as