secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2023-11-09T23:59:59+00:00
Accession:  0001171843-23-006950
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184323006950/0001171843-23-006950-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184323006950/f8k_110923.htm
  HTML page:      https://secwatch.observer/filing/0001171843-23-006950

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer