Optical Cable Corp (OCC) 2026 Q1 法說會逐字稿

Please stand by. Your meeting is about to begin.

請稍候。您的會議即將開始。

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 first quarter of fiscal year 2026 earnings conference call.

早安。我叫 Angela，今天將擔任各位的電話會議接線員。此刻，我謹代表 Optical Cable Corporation，歡迎各位參加 2026 會計年度第一季財報電話會議。

(Operator Instructions).

(接線員指示)。

Miss Felix, you may begin your conference.

Felix 小姐，您可以開始會議。

Good morning and thank you for joining us for Optical Cable Corporation's first quarter 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.

早安，感謝各位參加 Optical Cable Corporation 2026 會計年度第一季電話會議。此時，各位應已收到我們今天稍早發布的財報新聞稿。您也可以造訪 www.occfiber.com 取得一份副本。

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.

今天與會者包括 OCC 總裁兼執行長 Neil Wilkin，以及資深副總裁兼財務長 Tracy Smith。

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.

在開始之前，我想提醒各位，本次電話會議可能包含涉及風險與不確定性的前瞻性陳述。由於多項因素與風險，Optical Cable Corporation 未來實際結果可能與預期有重大差異，包括但不限於今早新聞稿中「前瞻性陳述」段落所提及的因素。

These cautionary statements apply to the contents of the internet webcast on www.OCfiber.com as well as today's call. With that, I'll turn the call over to Neil Wilkin. Neil, please begin.

這些警示性聲明同樣適用於 www.OCfiber.com 的網路直播內容以及今天的電話會議。接下來，我把電話交給 Neil Wilkin。Neil，請開始。

Thank you, Caroline, and good morning, everyone.

謝謝你，Caroline，各位早安。

I will begin the call today with a few opening remarks.

我先以幾點開場說明開始今天的電話會議。

Tracy will then review the first quarter results for the three month period ended January 31, 2026 in some additional detail.

接著 Tracy 將更詳細地回顧截至 2026 年 1 月 31 日止三個月的第一季業績。

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 opportunities to make 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.

在 Tracy 發言後，我們將盡可能回答更多問題。依照我們一貫作法，問答環節僅接受分析師與機構投資人的提問。不過，我們也提供其他股東在財報電話會議前預先提問的機會。相關提交方式的說明已包含在我們公告本次電話會議日期與時間的新聞稿中。

OCC is off to a strong start in fiscal year 2026. During the first quarter, 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.

OCC 在 2026 會計年度有個強勁的開局。第一季我們實現淨銷售與毛利成長，主要受企業與專業市場需求增加，以及營運槓桿帶來的正面影響所帶動。

During the first quarter of fiscal year 2026, net sales increased 4.4% and gross profit increased 16.1% compared to the same period last fiscal year.

在 2026 會計年度第一季，淨銷售較去年同期成長 4.4%，毛利較去年同期成長 16.1%。

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 first quarter when compared to the same prior fiscal year period, and we expect to continue to build on this momentum.

毛利率提升至 32.7%。此外，截至第一季末，我們的銷售訂單積壓（backlog）與前置負荷（forward load）較去年同期增加逾 50%，達到 1,040 萬美元；我們預期將持續在此動能上再接再厲。

All seasonality typically impacts the first half of our fiscal year. During our second quarter where you're seeing growing momentum in our targeted markets and in particular in our data center market.

季節性因素通常會影響我們會計年度的上半年。在第二季，我們在目標市場的成長動能持續增強，尤其是在資料中心市場。

We are confident that OCC is well positioned for growth during fiscal year 2026.

我們有信心，OCC 已為 2026 會計年度的成長做好良好布局。

As always, remained focused on disciplined execution to drive value for our customers and shareholders.

一如既往，我們仍專注於嚴謹且有紀律的執行，為客戶與股東創造價值。

With that, I will turn the call over to Tracy, who will review in additional detail our first quarter of fiscal year 2026 financial results.

接下來我把電話交給 Tracy，她將更詳細地說明我們 2026 會計年度第一季的財務結果。

Thank you, Neil.

謝謝你，Neil。

Consolidated net sales for the first quarter of fiscal 2026 increased 4.4% to $16.4 million compared to $15.7 million for the same period last year.

2026 會計年度第一季合併淨銷售較去年同期成長 4.4%，達 1,640 萬美元；去年同期為 1,570 萬美元。

During the first quarter 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 strengthen our severe duty market.

在 2026 會計年度第一季，隨著我們持續看到產業整體市場改善並強化重載（severe duty）市場，我們在企業與專業市場的淨銷售相較去年同期皆有所增加。

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 first quarter of fiscal year 2026 compared to the same period last year.

2026 會計年度第一季，對美國以外客戶的淨銷售較去年同期增加 18%，對美國境內客戶的淨銷售則小幅增加。

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 first fiscal quarter of 2025.

如 Neil 所提及，截至 2025 會計年度第一季末，我們的銷售訂單積壓與前置負荷為 660 萬美元；而目前已增加至 1,040 萬美元。

Our sales order backlog and forward load also increased when compared to $7.3 million as of our 2025 fiscal year end.

與 2025 會計年度年底的 730 萬美元相比，我們的銷售訂單積壓與前置負荷也有所增加。

Turning to gross profit, our gross profit increased 16.1% to $5.4 million in the first quarter of fiscal 2026 compared to $4.6 million for the same period last year.

接著看毛利：2026 會計年度第一季毛利較去年同期成長 16.1%，達 540 萬美元；去年同期為 460 萬美元。

Gross profit margin or gross profit as a percentage of net sales increased to 32.7% compared to 29.4% in the same prior year period.

毛利率（或毛利占淨銷售比重）提升至 32.7%，去年同期為 29.4%。

Gross profit margin for the first quarter of fiscal 2026 was positively impacted by higher volumes and the resulting positive impact of our strong operating leverage.

2026 會計年度第一季毛利率受惠於較高出貨量，以及我們強勁營運槓桿所帶來的正面影響。

Our gross profit margin percentages are heavily dependent upon product mix on a quarterly basis and may vary based on changes in product mix.

我們的毛利率百分比在季度間高度取決於產品組合，並可能因產品組合變動而有所波動。

SG&A expenses increased to $5.6 million in the first quarter 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.

2026 會計年度第一季，銷售、一般及行政（SG&A）費用增加至 560 萬美元；去年同期為 550 萬美元，主要因員工與簽約銷售人員相關成本，以及運輸成本增加所致。

SG&A expenses as a percentage of net sales were 33.8% in the first quarter of fiscal 2026 compared to 34.7% in the first quarter of fiscal 2025.

2026 會計年度第一季 SG&A 費用占淨銷售比重為 33.8%，相較 2025 會計年度第一季的 34.7% 下降。

OCC recorded a net loss of $398,000 or $0.05 per basic and diluted share for the first quarter of fiscal 2026 compared to a net loss of $1.1 million or $0.14 per basic and diluted share for the first quarter of fiscal 2025. With that, I'll turn the call back over to you, Neil.

OCC 在 2026 會計年度第一季錄得淨損 39.8 萬美元，基本及稀釋每股虧損 0.05 美元；相較之下，2025 會計年度第一季淨損 110 萬美元，基本及稀釋每股虧損 0.14 美元。接下來我把電話交還給你，Neil。

Thank you, Tracy. As is our normal practice, we're going to first 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?

謝謝你，Tracy。依照我們一貫作法，我們將先回答在今天電話會議前由個人投資人預先提交的問題。Caroline，你可以帶我們逐題看問題，我們會回覆嗎？

Yes thanks Neil we'll get started.

好的，謝謝 Neil，我們開始。

The first question is, can you update us on the data center opportunity in general? How do you feel about it, and if the opportunity has strengthened or not during the quarter, any major changes or updates?

第一個問題是，您能否就資料中心整體商機向我們更新一下？您對此有何看法？本季期間該商機是否有所增強？是否有任何重大變化或更新？

We continue to be optimistic about the data center opportunities, particularly in the multi-tenant data center and enterprise data center sectors.

我們仍然對資料中心的商機抱持樂觀態度，特別是在多租戶資料中心與企業資料中心領域。

OCC saw and is seen significant and growing activity in customer requests for quotes in the data center sector, particularly in January, and that activity is continuing and growing as we enter the second quarter of fiscal 2026.

OCC 已看到且正看到資料中心領域客戶詢價（RFQ）活動顯著且持續成長，尤其是在一月；隨著我們進入 2026 會計年度第二季，該活動仍在延續並持續增加。

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.

我們相信這股動能將會延續，並隨著 2026 會計年度的推進，在我們鎖定的資料中心市場領域帶來更高的銷售。

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?

謝謝你，Neil。下一個問題是，就 2026 年的展望而言，整體來說，您現在覺得比 Q4 更樂觀還是較不樂觀？

I would like to say that we continue to be very optimistic about potential sales growth this year.

我想說的是，我們今年對潛在的銷售成長仍然非常樂觀。

As you all know, we typically see seasonality impact our results during the first half of a given fiscal year, particularly during the 1st quarter.

如各位所知，我們通常會在特定會計年度的上半年看到季節性因素對業績造成影響，尤其是在第一季。

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 first fiscal quarter of 2026 when compared to the same period last year, and.

然而，基於我們的銷售訂單積壓與前瞻產能負荷在本會計季度末（即 2026 會計年度第一季）較去年同期增加超過 50%，達到 1,040 萬美元，並且。

That the activity and request for quotes we are seeing in our targeted market sectors including the data center market sector, have been increasing. We continue to expect sales growth during fiscal year 2026.

我們在包含資料中心市場在內的目標市場領域所看到的活動與詢價需求一直在增加。我們仍預期 2026 會計年度將出現銷售成長。

Thanks, Neil.

謝謝你，Neil。

Next question.

下一個問題。

In the past you have been commenting on improvements in OCC and markets. Have these improvements continued? Can you comment on new and emerging trends or risks?

過去您曾評論 OCC 與市場的改善情況。這些改善是否持續？您能否談談新的與正在浮現的趨勢或風險？

Thank you.

謝謝。

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 second half of fiscal year 2025.

如各位所知，在 2025 會計年度，淨銷售較前一會計年度增加 9.5%，毛利增加 24.1%；我們認為這反映了去年我們在許多目標市場看到的改善，特別是在 2025 會計年度下半年。

So 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.

截至目前，我們在許多目標市場領域仍看到成長機會，尤其是在 2026 會計年度的資料中心市場。我們相信這種情況將會持續，並將對 OCC 在 2026 會計年度的營收成長帶來正面影響。

Thanks, Neil.

謝謝你，Neil。

Next question. Can you please provide an update on progress of the LTEra collaboration?

下一個問題。您能否提供 LTEra 合作進展的最新情況？

Sure. As we've mentioned before, OCC has worked with LEra, formerly known as OFS, for decades. The strategic collaboration with LTEra announced last year was built on that long-standing relationship and the respect each team has for the other.

當然。如我們先前提到的，OCC 與 LEra（前身為 OFS）合作已數十年。去年宣布與 LTEra 的策略合作，是建立在這段長期關係以及雙方團隊彼此尊重的基礎之上。

The OCC and Lterra teams work well together and complement each other, enabling both companies to benefit from this important relationship.

OCC 與 Lterra 團隊合作順暢、彼此互補，使兩家公司都能從這段重要關係中受益。

And we believe we're seeing the benefit of that, as we, move into fiscal year 2026.

而我們相信，隨著我們進入 2026 會計年度，我們正看到這些效益。

Thanks, Neil.

謝謝你，Neil。

Next question.

下一個問題。

Could you comment on the type of products you expect to sell alongside Lerra? Will they be on the margin accretive connectivity side or more on the basic cabling side?

您能否評論一下，您預期會與 Lerra 一起銷售哪些類型的產品？會是偏向提升毛利的連接（connectivity）端，還是較偏向基本的線纜（cabling）端？

Sure, so OCC and Ler 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.

當然。OCC 與 Ler 已組合出我們認為能提供卓越解決方案、以滿足客戶需求的產品組合。這些產品同時涵蓋線纜端與連接端。

Lterra, and speaking of Letterra 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, Lterra's rollable ribbon fiber optic cable, which is particularly well suited for data center applications.

Lterra，談到 Lterra 的產品，他們有多項業界領先的產品設計，現已納入 OCC 的產品解決方案供應內容。舉兩個例子：Lterra 的可捲式帶狀光纖電纜（rollable ribbon fiber optic cable），特別適用於資料中心應用。

Additionally, Lyra's Invisalite 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.

此外，Lyra 的 Invisalite 產品解決方案特別適合在既有建築中導入被動式光纖 LAN 技術的安裝情境，因為傳統的被動式光纖 LAN 安裝在這些環境中更具挑戰。

Of course, Lyerra 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.

當然，Lyerra 與 OCC 都以創新產品解決方案以及新產品解決方案的開發而聞名，我預期這種情況將會持續。

Thanks Neil.

謝謝，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?

下一個問題是，您能否說明資料中心營收在 Q1 是否有影響，以及就今年剩餘期間的營收而言可期待什麼？

OCC generally does not provide specifics regarding OCC's individual targeted market sectors. That said, during the first quarter, OCC saw increases in quotes and customer orders in the data center market sector, particularly in January.

OCC 一般不會就 OCC 各個目標市場領域提供具體細節。不過，在第一季，OCC 在資料中心市場領域看到報價與客戶訂單增加，尤其是在一月。

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.

我們相信這些活動今年將持續成長，並在 2026 會計年度剩餘期間帶來更高的資料中心市場領域營收。

Thanks, Tracy.

謝謝你，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?

下一個問題是，鑑於許多大型業者迫切需要提升產能，您是否看到任何關於大型業者可能收購 OCC 的興趣？

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

Caroline，如你所預期的，我們無法評論是否存在任何此類興趣。

Thanks, Neil.

謝謝你，Neil。

Next question, will you ever have an analyst day perhaps with an investor deck?

下一個問題，你們是否會舉辦分析師日，或許搭配投資人簡報（investor deck）？

OCC has given presentations to analysts in the past. However, as a small microcap company, OCC does not have any analyst coverage at the moment.

OCC 過去曾向分析師進行簡報。然而，作為一家小型微型股公司（microcap company），OCC 目前沒有任何分析師覆蓋。

Thanks, Tracy.

謝謝你，Tracy。

Next question.

下一個問題。

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 second half of 2026?

我注意到徵才活動增加，包括你們網站職缺區出現夜班職缺。我們是否可以假設這是為了因應 2026 年下半年活動增加的預期？

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 目前正在製造營運部門招募人員。我們的招募是為了滿足我們認為本會計年度的人力需求，同時也考量到培訓新製造人員所需的時間。

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 很幸運擁有技術熟練、任職長久的員工。當然，OCC 也會有一定的人員流動，因而產生職缺。不過，我們很自豪 OCC 的人員流動率通常低於其他公司。

Thanks, Tracy.

謝謝，Tracy。

Next question.

下一個問題。

When do you think it's possible to start generating more revenue from the LTEra collaboration? Can you give us an idea on how this might change current revenue rate?

您認為何時有可能開始從與 LTEra 的合作中產生更多營收？您能否讓我們了解這可能會如何改變目前的營收速度？

Working with Laerra has already begun to generate more opportunities, and we believe this will continue and contribute to revenue growth in fiscal year 2026 and beyond.

與 Laerra 的合作已經開始帶來更多機會，我們相信這將持續下去，並在 2026 會計年度及之後為營收成長做出貢獻。

Thank you.

謝謝。

Next question is, can you give more color on the la era collaboration and how you ended up at 7% for a share purchase? Did they want to buy more?

下一個問題是，您能否更詳細說明 la era 的合作，以及你們為何最終以 7% 作為股份購買比例？他們是否想買更多？

Excuse me, it would not be appropriate for me to comment more on the LTEra collaboration beyond what OCC and LTEra have already disclosed.

不好意思，除了 OCC 與 LTEra 已經披露的內容之外，我不適合再就 LTEra 的合作發表更多評論。

I would like to say that we think very highly of the LEra and the Lerra team, and we believe their investment in OCC reflects Lerra's confidence in our business and our strong collaboration with them.

我想說的是，我們非常看重 LEra 以及 Lerra 團隊，我們相信他們對 OCC 的投資反映了 Lerra 對我們業務的信心，以及我們與他們之間強而有力的合作關係。

I will also say that I believe Lterra, that the Lterra OCC collaboration is benefiting both companies and will continue to do so.

我也想說，我相信 Lterra，也就是 Lterra 與 OCC 的合作正在讓兩家公司都受益，並且將持續如此。

Thanks Neil.

謝謝，Neil。

Next question. Can you comment on demand signals or expand on backlog and the tier 2 data center sales cycle? Can you give an idea on the typical sales cycle as it might pertain to the LTEa collaboration activity and new revenue streams?

下一個問題。您能否評論需求訊號，或進一步說明積壓訂單以及第二級（tier 2）資料中心的銷售週期？您能否就典型的銷售週期提供一些概念，特別是與 LTEa 合作活動及新營收來源相關的部分？

First, the SEC team stays close to customers and others that impact opportunities on a daily basis.

首先，SEC 團隊每天都與客戶以及其他會影響機會的相關方保持密切聯繫。

And that allows us to see what demand signals are happening in the marketplace.

這讓我們能夠看到市場上正在出現哪些需求訊號。

And provides us insight and a good sense of market dynamics.

並為我們提供洞見，讓我們對市場動態有良好的掌握。

Also, the data center cycle tends to be longer, for data center markets, particularly tier two, than the sales cycle for OCC's typical sales.

此外，就資料中心市場而言，尤其是第二級（tier 2），其週期往往比 OCC 一般銷售的銷售週期更長。

We also believe that strategic collaboration is benefiting OCC and Ltera and generating additional opportunities, which we believe will continue to grow this fiscal year.

我們也相信，策略性合作正在讓 OCC 與 Ltera 受益並帶來更多機會，我們相信這些機會將在本會計年度持續成長。

Thank you.

謝謝。

Next question is.

下一個問題是。

In the past you had mentioned you expect the second half to be stronger than the first half. Is this still the case?

過去您曾提到，您預期下半年會比上半年更強。現在仍然是這樣嗎？

Yes, as we have mentioned earlier on this call, we do expect the remainder of fiscal 2026 to show further growth, including the second half of the fiscal year.

是的，正如我們在本次電話會議較早時提到的，我們確實預期 2026 會計年度剩餘期間將呈現進一步成長，包括會計年度下半年。

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

謝謝，Tracy。今天早上我們最後一個預先提交的問題是：您預期 2026 年成長會在何時出現拐點？

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 first quarter of 2026, an increase of more than 50% when compared to the same period last year.

雖然我們不提供 2026 會計年度的營收指引（無論是全年或按季度），但我想指出，我們已看到銷售訂單積壓與前置負荷（forward load）正在增加。截至 2026 年第一季末，我們的銷售訂單積壓與前置負荷為 1,040 萬美元，較去年同期增加超過 50%。

Thanks both. That was the last pre-submitted question.

謝謝兩位。以上是最後一個預先提交的問題。

Thank you, Caroline.

謝謝你，Caroline。

And now, Angela, we will take any questions from analysts and institutional investors that may have questions. We ask you to please limit yourself to one question and one follow-up.

現在，Angela，我們將接受分析師與機構投資人可能提出的任何問題。請各位將問題限制為一個問題加一個追問。

Angela, if you could please indicate the instructions for our participants to call in any questions they may have, I'd appreciate it. And again, we're only taking live questions from analysts and institutional investors.

Angela，若您能說明與會者要如何撥入提問的指示，我將不勝感激。再次提醒，我們只接受分析師與機構投資人的現場提問。

Thank you. (Operator Instructions) Sergio Mascaro, Eden Discovery

謝謝。(接線員指示) Sergio Mascaro，Eden Discovery

Hey guys, thanks for taking our questions. Can you hear me well?

嗨，各位，謝謝你們回答我們的問題。你們聽得到我嗎？

Yes.

聽得到。

Okay, perfect. So the last call, you talked about some project delays. Can you update us about that?

好的，太好了。上一通電話會議中，你們提到有一些專案延遲。可以更新一下相關情況嗎？

Yes, we had, I think.

是的，我們曾經，我想。

In the last quarter, maybe the quarter before that, we had mentioned that we did have seen in the marketplace some projects that were being delayed but that we didn't believe that that was affecting our overall results.

在上一季，或可能是再前一季，我們提到我們確實在市場上看到一些專案被延後，但我們不認為那會影響我們的整體業績。

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.

目前我一時想不到有什麼正在延後的事項，不過這種情況在任何一季都可能發生，但我們不預期這會在今年影響我們的業績。

Okay, that's perfect. And my second and last question is that during the fiscal year 25, the backlog was growing about 20%, but we didn't see that translating into a revenue growth. Why is that?

好的，這很清楚。我的第二個也是最後一個問題是：在 2025 會計年度期間，積壓訂單約成長 20%，但我們沒有看到這轉化為營收成長。原因是什麼？

Well, the backlog is a measurement of any point in time, but 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 3rd and 4th quarter of last year and so 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 a a a larger backlog, sales order backlog at the end of the first quarter 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.

嗯，積壓訂單是在某一時間點的衡量指標，但我認為我們確實看到的是，去年在積壓訂單成長的同時，我們的總銷售額成長了 9.5%，而且去年第三季與第四季的銷售表現顯著強勁，所以我認為這與積壓訂單的成長是一致的。我想，我們提到在第一季末看到更大的銷售訂單積壓，以及我們在市場中看到報價請求活動增加，我們相信這對 2026 會計年度其餘期間是一個良好的訊號。

Thank you. (Operator Instructions) .

謝謝。(接線員指示) 。

And at this time there are no further questions in queue, I will turn the meeting back to Neil Wilkin.

目前隊列中沒有其他問題，我將把會議交回給 Neil Wilkin。

Thank you, Angela. I would like to thank everyone for listening to our first quarter of fiscal year 2026 conference call today. As always, we appreciate your time and your investment in optical Cable Corporation.

謝謝你，Angela。我要感謝各位今天收聽我們 2026 會計年度第一季的電話會議。一如既往，我們感謝各位的時間，以及各位對 Optical Cable Corporation 的投資。

And that's most appreciated. I also want to I thank the members of the US Armed Forces and in Be with them and thinking of them, during this period of time. Thank you all.

我們非常感激。我也想向美國武裝部隊的成員致謝，並在這段期間與他們同在、惦念著他們。謝謝大家。

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

謝謝。今天的會議到此結束。感謝各位的時間與參與。您現在可以斷線。