Filing Flows › Clearfield (CLFD) › Q2 FY25
Clearfield (CLFD) Q2 FY25 earnings results (second quarter fiscal 2025)
10-Q filed May 9, 2025
Clearfield (CLFD) reported revenue of $47.2M for the second quarter fiscal 2025 (Q2 FY25), +28% from a year earlier and +33% from the quarter before. Operating margin was 0.6%, net earnings $1.3M (2.8% of revenue).
Clearfield, Q2 FY25: revenue $47.2M (+28% year over year), operating margin 0.6%, net earnings $1.3M, operating cash flow $3.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $47.2M | +33% | +28% |
| Gross profit | $14.0M | +71% | +393% |
| Operating profit | $262K | — | — |
| Net earnings | $1.3M | — | — |
| Operating cash flow | $3.0M | -57% | — |
| Free cash flow | $395K | -92% | — |
What changed
Revenue was $47.2M in Q2 FY25, up 28% year over year and up 33% from the previous quarter.
Gross margin was 29.6%, up 21.9 points from a year earlier. Operating profit was $262K, a 0.6% margin (up 26.9 points year over year). Operating expenses grew 9% against revenue growth of 28%. Net earnings were $1.3M. The effective tax rate was 25.5%. Non-operating items added $1.5M, 85% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $3.0M, 230% of net earnings. Non-cash charges added back $1.9M of depreciation and amortization and $1.3M of share-based compensation. Working capital and other items used $1.4M. Capital expenditures of $2.7M left free cash flow of $395K.
Questions
What was Clearfield's revenue in the second quarter fiscal 2025?
Clearfield (CLFD) reported revenue of $47.2M for the second quarter fiscal 2025 (Q2 FY25), +28% from a year earlier and +33% from the quarter before.
Was Clearfield profitable in the second quarter fiscal 2025?
Operating profit was $262K (0.6% of revenue) and net earnings $1.3M.
Source: Clearfield 10-Q on SEC EDGAR.