---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-002486"
form_type: "8-K"
ticker: "CLFD"
cik: "0000796505"
company_name: "Clearfield, Inc."
filed_at: "2024-05-02T23:59:59+00:00"
generated_at: "2026-06-03T01:13:57.519980+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Clearfield Q2 net sales $36.9M, down 49% YoY; net loss $0.40 EPS; guides Q3 sales $40-44M

## Summary
- Q2 net sales $36.9M vs $71.8M YoY (-49%); net loss $0.40 EPS vs income $0.67.
- Gross margin collapsed to 7.7% from 32.8% due to excess capacity and inventory reserves.
- Backlog $47.2M, up 8.6% sequentially but down 56% YoY.
- Board increased share repurchase authorization to $65M; $30.4M available after $15.5M repurchased in Q2.
- Q3 guidance: net sales $40-44M, net loss per share $0.31-$0.38.

## SEC filing metadata
- accession: 0001171843-24-002486
- form_type: 8-K
- ticker: CLFD
- cik: 0000796505
- company_name: Clearfield, Inc.
- filed_at: 2024-05-02T23:59:59+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/796505/000117184324002486/0001171843-24-002486-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/796505/000117184324002486/f8k_050224.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-002486
- JSON: https://secwatch.observer/filing/0001171843-24-002486.json
- Plain text: https://secwatch.observer/filing/0001171843-24-002486.txt

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