The following is a summary of the Clearfield, Inc. (CLFD) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Q4 consolidated net sales were $46.8 million, a 6% decrease from the previous year but above guidance of $40 million to $43 million.

• Full year consolidated net sales amounted to $166.7 million, a significant decrease of 38% from $268.7 million in fiscal 2023.

• Positive cash flow from operations reported: $12.9 million in Q4 and $22.2 million for the full year.

• Projected fiscal 2025 revenue guidance is $170 million to $185 million with an expected Q1 net loss per share of $0.28 to $0.35.

Business Progress:

• Clearfield continues to invest in new product development including SeeChange, CraftSmart FiberFirst Pedestal, Deploy Reel TAP Box, and FiberFlex active cabinets.

• Introduction of a 3D interactive fiber installation tool via BILT mobile app.

• Finalizing the design for a new distributed TAP portfolio expected soon.

• Transition to end-to-end portfolio supplier has positioned Clearfield for growth aligned with industry outlook.

Opportunities:

• Opportunities for growth from both public and private funding for rural broadband expansion.

• Anticipation of significant BEAD-driven demand in 2026 focused on rural markets where Clearfield has strong presence.

Risks:

• Order patterns may still be impacted by inventory overhang, primarily at MSO accounts.

• Conservatism in capital spending observed amongst service providers, leading to slow revenue projections for the start of fiscal 2025.

More details: Clearfield IR

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