{"schema_version":"secwatch.filing_event.v1","accession":"0001171843-24-000519","form_type":"8-K","ticker":"CLFD","cik":"0000796505","company_name":"Clearfield, Inc.","filed_at":"2024-02-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.942628+00:00","generated_at":"2026-06-06T12:18:20.696773+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Clearfield Q1 fiscal 2024 revenue down 60% YoY, net loss of $5.3M","bullets":["Net sales $34.2M, down 60% YoY; net loss $5.3M ($0.35 diluted) vs net income $14.3M ($1.00 diluted) YoY.","Gross margin fell to 13.7% from 35.7% due to excess capacity and inventory reserves; backlog $43.5M, down 24% sequentially.","Repurchased ~$12M in shares under buyback program, leaving $21M available; Q2 FY24 revenue guidance $29-33M, net loss per share $(0.49)-(0.55).","Expects full Build America, Buy America Act compliance by end of 2024; launched new smaller vault product."],"urls":{"canonical":"https://secwatch.observer/filing/0001171843-24-000519","json":"https://secwatch.observer/filing/0001171843-24-000519.json","markdown":"https://secwatch.observer/filing/0001171843-24-000519.md","text":"https://secwatch.observer/filing/0001171843-24-000519.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/796505/000117184324000519/0001171843-24-000519-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/796505/000117184324000519/f8k_020124.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T12:18:20.696773+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":"fa473ed3a36116c7e0c58b3f6fc6f9ef1711e759","claim":"Clearfield, Inc. reported first quarter of fiscal 2024 ended December 31, 2023 results: revenue $34.2 million, net income $5.3 million, EPS $0.35 per diluted share. Guidance initiated.","evidence_excerpt":"share repurchases in the second quarter.” Financial Results for the Three Months Ended December 31, 2023 Net sales for the first quarter of fiscal 2024 decreased 60.2% to $34.2 million from $85.9 million in the same year-ago quarter. As of December 31, 2023, order backlog (defined as purchase orders received but not yet fulfilled) was $43.5 million, a decrease","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/796505/000117184324000519/0001171843-24-000519-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter of fiscal 2024 ended December 31, 2023"},{"label":"Revenue","value":"$34.2 million"},{"label":"Net income","value":"$5.3 million"},{"label":"EPS","value":"$0.35 per diluted share"},{"label":"Guidance","value":"initiated"},{"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"}