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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