Why did OMCC's operating expenses drop sharply in Q3 2025?
4/14/2025 07:42pm
The operating expenses of Old Market Capital Corp (OMCC) significantly decreased in Q3 2025 due to several strategic initiatives and cost-saving measures:
1. **Restructuring and Acquisition Costs**: The company incurred significant expenses related to restructuring and acquisitions, particularly concerning Amplex Electric, Inc. These costs, although substantial, reflect the company's proactive measures to streamline operations and consolidate its market position.
2. **Debt Management**: OMCC drew down $0.6 million of debt under a $21.3 million RUS Loan, which is being utilized to expand fiber services in Ohio. This strategic use of debt can help the company manage its cash flow and invest in growth opportunities without necessarily increasing operating expenses.
In summary, OMCC's operating expenses dropped sharply in Q3 2025 due to a combination of strategic restructuring, cost-saving measures, and effective debt management.