{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-23-002886","form_type":"8-K","ticker":"CLFD","cik":"0000796505","company_name":"Clearfield, Inc.","filed_at":"2023-05-04T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.251317+00:00","generated_at":"2026-06-15T23:42:27.648139+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Clearfield Q2 revenue up 34% to $71.8M; cuts FY23 guidance on customer inventory digestion","bullets":["Revenue $71.8M (+34% YoY), net income $10.4M ($0.67 diluted EPS), gross margin fell to 32.8% from 43.3%.","FY23 guidance slashed: net sales $260-275M (midpoint down ~$120M), EPS $1.80-2.10 (down $2.45 at midpoint).","Order backlog declined 21% sequentially to $107.6M on faster fulfillment and normalizing ordering patterns.","CEO cites demand lull as Large Regional Service Providers and cable operators digest excess pandemic inventory.","Company rightsizing capacity to current demand but maintains long-term rural broadband build optimism."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-23-002886","json":"https://secwatch.observer/filing/0001171843-23-002886.json","markdown":"https://secwatch.observer/filing/0001171843-23-002886.md","text":"https://secwatch.observer/filing/0001171843-23-002886.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796505/000117184323002886/0001171843-23-002886-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796505/000117184323002886/f8k_050423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T23:42:27.648139+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c5a831e6de5abef4db104fe60a2b57ea14f1f190","claim":"Clearfield, Inc. reported the second quarter of fiscal 2023 ended March 31, 2023 results: revenue $71.8 million, net income $10.4 million, EPS $0.67 per diluted share. Guidance lowered.","evidence_excerpt":"Clearfield Reports Fiscal Second Quarter 2023 Results Revenue for the Second Quarter of Fiscal 2023 Grew 34% Year-over-Year to $71.8 Million. Net Income for the Second Quarter of Fiscal 2023 Increased 12% Year-over-Year to $10.4 Million, or $0.67 per Diluted Share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/796505/000117184323002886/0001171843-23-002886-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the second quarter of fiscal 2023 ended March 31, 2023"},{"label":"Revenue","value":"$71.8 million"},{"label":"Net income","value":"$10.4 million"},{"label":"EPS","value":"$0.67 per diluted share"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}