Brief: Optical Cable Corp Reports Q3 Loss Per Share $0.15

Optical Cable

16/09/2019 13:57

Sept 16 (Reuters) - Optical Cable Corp  OCC.O :
    * ORATION REPORTS THIRD QUARTER FISCAL 2019 FINANCIAL
RESULTS
    * Q3 SALES FELL 24.9 PERCENT TO $17.4 MILLION
    * Q3 LOSS PER SHARE $0.15
    * OCC'S CREDIT AGREEMENT WITH PINNACLE BANK WAS MODIFIED ON
SEPTEMBER 11, 2019
    * OPTICAL CABLE - AS PART OF MODIFIED AGREEMENT, CO AGREED
TO
REDUCE TOTAL AGGREGATE AMOUNT OF FUNDS AVAILABLE FOR LENDING
FROM $7 MILLION TO $6.5 MILLION
    * AS PART OF MODIFIED AGREEMENT, CO AGREED TO REDUCE
OUTSTANDING
BALANCE UNDER CREDIT AGREEMENT BY $500,000 ON OR BEFORE NOV 29

Source text for Eikon:  ID:nPn8fkRnCa 
Further company coverage:  OCC.O 

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