---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-22-000597"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2022-01-28T23:59:59+00:00"
generated_at: "2026-06-27T14:28:36.717709+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clearfield Q1 FY22 revenue $51.1M (+89% YoY); net income $10.4M (+228%)

## Summary
- Record net sales of $51.1M, up 89% from $27M; net income $10.4M vs $3.2M.
- Community Broadband sales $35.8M (+81% YoY); record backlog $101M (up from $9M).
- Gross margin improved to 45% from 42%; operating expenses 19.4% of sales vs 28.3%.
- Board reinstated share repurchase program, adding $10M; ~$15M remaining authorized.
- Cash and investments $58M, no debt; inventory increased to $44M to support demand.

## SEC filing metadata
- accession: 0001171843-22-000597
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2022-01-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/796505/000117184322000597/0001171843-22-000597-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184322000597/f8k_012822.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-22-000597
- JSON: https://secwatch.observer/filing/0001171843-22-000597.json
- Plain text: https://secwatch.observer/filing/0001171843-22-000597.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.