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Sep 30, 2024
Clearfield Q4 2024 Earnings Report
Clearfield's Q4 performance saw a decrease in net sales, but was driven by stronger-than-expected sales in the MSO and Large Regional service provider markets.
Key Takeaways
Clearfield reported a decrease in net sales for the fourth quarter of fiscal year 2024, with a net loss recorded. The company's performance was influenced by stronger sales in specific markets and increased operating expenses.
Net sales decreased by 5.9% to $46.8 million compared to the same quarter last year.
Order backlog decreased by 56.1% from September 30, 2023.
Gross margin was 22.8%, slightly improved from the previous quarter.
Net loss totaled $0.8 million, or ($0.06) per diluted share.
Clearfield
Clearfield
Forward Guidance
The Company expects net sales for the first quarter of fiscal 2025 to be in the range of $33 million to $38 million and net loss per share to be in the range of $0.28 to $0.35. Additionally, the Company expects net sales in fiscal year 2025 to be in the range of $170 million to $185 million.