secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2022-01-28T23:59:59+00:00
Accession:  0001171843-22-000597
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184322000597/0001171843-22-000597-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184322000597/f8k_012822.htm
  HTML page:      https://secwatch.observer/filing/0001171843-22-000597

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