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Clearfield Inc   (CLFD)
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    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology


 

Clearfield Inc

CLFD's Financial Statements and Analysis



Clearfield Inc reported in the first quarter of 2024 net loss per share of $-0.35 compare to earnings per share of $1.00 in the same quarter a year ago a decrease from $0.16 eps realized in IV. Quarter (Sep 30 2023).


first quarter of 2024
Earnings Per Share Revenues
$ -0.35 $  34 Mill
$-1.35     $-52M     -60.79 %



Clearfield Inc 's Revenue fell by -60.79 % in first quarter of 2024 (Dec 31 2023) year on year, to $34 million and declined by -31.57 % sequentially.


Clearfield Inc is

More on CLFD's Income Statement



Clearfield Inc 's in thefirst quarter of 2024 recorded net loss of $-5.268 million, compare to net income of $14.255 million achieved in I. Quarter a year ago.

Sequentially company realized a net loss, compared to net income of $2.696 million in the previous quarter.

More on CLFD's Growth

Clearfield Inc Inventories
Inventories grew by 5.47 % to $95 million from I. Quarter a year ago, sequentially inventories fell by -3.51 %. In Dec 31 2023 company's net cash and cash equivalents decreased by $-3 million, capital expenditures fell by -2.2138.99%, to $-2 millions compare to same quarter a year ago

More on CLFD's Cash flow Statement


Clearfield Inc does not pay out common stock dividend.

In trailing twelve-month period Clearfield Inc earned $ 1.83 cash per share, on a free-cash flow basis 225.9 % of net earning per share.

Book value fell by -6.16 % sequentially to $19.73 per share.
Tangible Book value fell to $ 18.90 per share from $ 20.18.

Company issued 0.22 million shares or 1.47 % in Dec 31 2023.
Debt Coverage Ratio was 8.04.

More on CLFD's Dividends

 Market Capitalization (Millions) 429
 Shares Outstanding (Millions) 15
 Total Debt (Millions $) 2
 Revenue (TTM) (Millions $) 216
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) -11
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 230




Clearfield Inc does not pay out common stock dividend.

In trailing twelve-month period Clearfield Inc had $ 1.83 cash flow per share, on a free-cash flow basis 225.9 % of net earning per share.

Book value fell by -6.16 % sequentially to $19.73 per share.
Tangible Book value fell to $ 18.90 per share from $ 20.18.

Company issued 0.22 million shares or 1.47 % in Dec 31 2023.
Debt Coverage Ratio was 8.04.

More on CLFD's Balance Sheets

 Market Capitalization (Millions) 429
 Shares Outstanding (Millions) 15
 Total Debt (Millions $) 2
 Revenue (TTM) (Millions $) 216
 Net Income (TTM) (Millions $) 13
 Cash Flow (TTM) (Millions $) 18
 Capital Exp. (TTM) (Millions $) -11
 Dividend TTM ($) 0 $
 Dividend Yield TTM (%) -
 Employees (TTM) $ 230
   


  News about Clearfield Inc Earnings

Revised headline: Clearfield Inc Takes Proactive Measures to Combat First Quarter Deficit in 2024 Earnings Season

Clearfield Inc, a leader in fiber connectivity, has recently announced its results for the fiscal first quarter of 2024. While the company experienced some challenges during this period, there are positive indications that they are taking proactive measures to streamline their supply chain and improve their costs and revenue.
During the first quarter of 2024, Clearfield Inc reported a loss of $-0.35 per share, which is a significant decrease compared to the $1.00 per share earnings from the previous year. Additionally, the company saw a decline in EPS from $0.16 per share in the prior reporting period. These numbers may cause concern for investors, as there was a sharp drop in revenue by -60.791% to $33....

Clearfield Inc Experiences Severe Financial Decline: Income, Profit, and Revenue Plummet in Q3 of 2023


Byline:
Minneapolis, - Clearfield Inc (NASDAQ: CLFD), a leading provider of community broadband fiber connectivity solutions, finds itself grappling with a significant decline in financial performance, as evident from its latest earnings report for the financial time-frame ending September 30, 2023. The company reported a sharp drop in income, profit, and revenue on a year-over-year basis, highlighting the challenges it faces in the current market landscape.
According to the report, Clearfield Inc's income plummeted by -86.7% to $0.16 per share, a significant decrease from $1.22 per share reported a year ago. Moreover, profit margins also took a hit, falling by -50.8% from $0.33 per share in t...

Clearfield Inc. Experiences Drastic -13.987% Revenue Decrease in Challenging Business Environment During Fiscal Q3 2023

Clearfield Inc., a leading provider of fiber optic management and connectivity solutions, recently released its financial results for the fiscal third quarter of 2023. The report shows significant declines in earnings per share, profit, and revenue compared to the previous year. Additionally, the company's net profits and operating margin both experienced a drastic decrease.
In terms of earnings per share, Clearfield Inc.'s performance took a hit, with a dive of -64.13% to $0.33 per share compared to $0.92 per share in the same quarter the previous year. Profit also plummeted by -50.75% from $0.67 per share in the prior reporting period. The revenue for this quarter decreased considerably by -13.987% to ...

Clearfield Inc Reports Remarkable Growth in Profits, Defying Market Trends in Fiscal Year 2023

The stock market is alwa...


Date modified: 2024-02-05T17:28:57+00:00





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