Clearfield reports Q4 net loss $0.8M; revenue $46.8M down 6% YoY; FY2025 guide $170-185M

Clearfield, Inc.

2024-FY EPS reported -$0.85 revenue$166,705,000

Q4 net sales $46.8M (down 5.9% YoY); net loss per share $(0.06) vs income $0.17 YoY; exceeded prior guidance.
Full year FY2024 net sales $166.7M (down 38% YoY); net loss $(12.5)M vs net income $32.5M YoY.
Generated positive cash flow from operations $22.2M in FY2024; reduced excess inventory.
Elected Kate Kelly and Ademir Sarcevic to Board effective Dec 11, 2024; Kelly on Audit/Nominating, Sarcevic on Audit/Compensation.
FY2025 revenue guidance $170-185M; Q1 FY2025 revenue $33-38M, loss per share $0.28-0.35.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Ademir Sarcevic

director

CLFD · Clearfield, Inc.

Effective: 2024-12-11
Filed: November 7, 2024, 6:59 PM ET

On November 5, 2024, the Board of Directors (the “Board”) of the Company appointed Ms. Catherine T. Kelly and Mr. Ademir Sarcevic to serve as directors of the Company, effective December 11, 2024.

Appointed

Catherine T. Kelly

director

CLFD · Clearfield, Inc.

Effective: 2024-12-11
Filed: November 7, 2024, 6:59 PM ET

On November 5, 2024, the Board of Directors (the “Board”) of the Company appointed Ms. Catherine T. Kelly and Mr. Ademir Sarcevic to serve as directors of the Company, effective December 11, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Ademir Sarcevic was appointed as director at Clearfield, Inc..

Action: appointed
Role: director

Exact text from the filing

On November 5, 2024, the Board of Directors (the “Board”) of the Company appointed Ms. Catherine T. Kelly and Mr. Ademir Sarcevic to serve as directors of the Company, effective December 11, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Catherine T. Kelly was appointed as director at Clearfield, Inc..

Action: appointed
Role: director

Exact text from the filing

On November 5, 2024, the Board of Directors (the “Board”) of the Company appointed Ms. Catherine T. Kelly and Mr. Ademir Sarcevic to serve as directors of the Company, effective December 11, 2024.

View on SEC.gov

Clearfield, Inc. filing history →

Source: SEC EDGAR

accession 0001171843-24-006129

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