In This Article:
Clearfield (NASDAQ:CLFD) Full Year 2024 Results
Key Financial Results
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Revenue: US$166.7m (down 38% from FY 2023).
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Net loss: US$12.5m (down by 138% from US$32.5m profit in FY 2023).
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US$0.85 loss per share (down from US$2.17 profit in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Clearfield Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 3.0%. Earnings per share (EPS) also surpassed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 2 years, compared to a 7.6% growth forecast for the Communications industry in the US.
Performance of the American Communications industry.
The company's shares are down 5.7% from a week ago.
Balance Sheet Analysis
While earnings are important, another area to consider is the balance sheet. See our latest analysis on Clearfield's balance sheet health.
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