Filing Flows › Clearfield (CLFD) › Q4 FY24
Clearfield (CLFD) Q4 FY24 earnings results (fourth quarter fiscal 2024)
10-K filed Nov 15, 2024
Clearfield (CLFD) reported revenue of $46.8M for the fourth quarter fiscal 2024 (Q4 FY24), -6% from a year earlier and -4% from the quarter before. Operating margin was -6.4%, net loss $827K (1.8% of revenue).
Clearfield, Q4 FY24: revenue $46.8M (-6% year over year), operating margin -6.4%, net loss $827K, operating cash flow $13.8M. The chart follows the revenue to costs, profit and cash.
| Q4 FY24 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $46.8M | -4% | -6% |
| Operating profit | −$3.0M | — | — |
| Net earnings | −$827K | — | — |
| Operating cash flow | $13.8M | +256% | +178% |
| Free cash flow | $9.8M | +270% | +217% |
What changed
Revenue was $46.8M in Q4 FY24, down 6% year over year and down 4% from the previous quarter.
Gross margin was 22.8%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $3.0M, an operating margin of -6.4%. Operating expenses grew 37% against a revenue fall of 6%. The quarter ended with a net loss of $827K, wider than the previous quarter's $447K loss. Non-operating items added $1.7M, -128% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $13.8M (up 178% year over year). Non-cash charges added back $1.9M of depreciation and amortization and $1.2M of share-based compensation. Working capital and other items added $11.5M. Capital expenditures of $4.0M left free cash flow of $9.8M.
Questions
What was Clearfield's revenue in the fourth quarter fiscal 2024?
Clearfield (CLFD) reported revenue of $46.8M for the fourth quarter fiscal 2024 (Q4 FY24), -6% from a year earlier and -4% from the quarter before.
Was Clearfield profitable in the fourth quarter fiscal 2024?
Operating loss was $3.0M (-6.4% of revenue) and net loss $827K.
Source: Clearfield 10-K on SEC EDGAR.