---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-23-006950"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2023-11-09T23:59:59+00:00"
generated_at: "2026-06-08T08:12:21.449142+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clearfield Q4 net sales down 48% YoY to $49.7M; guides Q1 revenue $28-32M with net loss

## Summary
- Q4 net income $2.7M ($0.17 diluted EPS) vs $17.0M ($1.22) a year ago; gross margin dropped to 24.1% from 39.5%.
- FY2023 net sales $268.7M (-0.8% YoY); net income $32.5M ($2.17) vs $49.4M ($3.55).
- Board increased share repurchase authorization to $40M from $22M.
- Guidance for Q1 FY2024: revenue $28-32M, net loss per share $0.36-0.44.
- Order backlog decreased to $57.3M from $74.7M sequentially and from $164.9M a year ago.

## SEC filing metadata
- accession: 0001171843-23-006950
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2023-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/796505/000117184323006950/0001171843-23-006950-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184323006950/f8k_110923.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-23-006950
- JSON: https://secwatch.observer/filing/0001171843-23-006950.json
- Plain text: https://secwatch.observer/filing/0001171843-23-006950.txt

## Key facts
- Earnings Releases
  Clearfield, Inc. reported financial results for fourth quarter and fiscal year ended September 30, 2023.
  - Period: fourth quarter and fiscal year ended September 30, 2023
  - Result: reported results
  source text: On November 9, 2023, Clearfield, Inc. (the “Company”) issued a press release announcing the results of its fourth quarter and fiscal year ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/796505/000117184323006950/0001171843-23-006950-index.htm

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