secwatch.observer — SEC 8-K summary
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Issuer:     Clearfield, Inc. (CLFD)
CIK:        0000796505
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001171843-24-004354
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clearfield Q3 FY2024 net loss per share $(0.04) beats guidance on revenue $48.8M
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- Revenue $48.8M (-20% YoY) exceeded outlook; net loss ($0.4M) vs net income $5.2M a year ago.
- Gross margin improved to 21.9% from 7.7% in Q2 but down from 31.1% in Q3 2023.
- Order backlog fell 31% QoQ to $32.6M; Q4 revenue guided $40-43M with loss per share $(0.17)-(0.22).
- Repurchased $5.5M in shares; $24.9M remains available under buyback program.
- Community Broadband sales on par with last year; BEAD revenue not expected until late calendar 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/796505/000117184324004354/0001171843-24-004354-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/796505/000117184324004354/f8k_080124.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-004354

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