Clearfield ( (CLFD) ) has provided an update.
Clearfield, Inc. reported a challenging fiscal 2024 with a notable decrease in revenue and net income, yet exceeded its fourth-quarter guidance. The company achieved significant progress by gaining self-certification for the BABA requirements, positioning itself for future growth in rural broadband expansion supported by the BEAD Program. Despite a net loss, Clearfield maintained positive cash flow and reduced excess inventory, aiming for revenue growth driven by the U.S. market in 2025.
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