CLEARFIELD Reports Positive Q3 Earnings Results for FY2023
August 22, 2023
☀️Earnings Overview
On August 3 2023, CLEARFIELD ($NASDAQ:CLFD) released its Q3 FY2023 earnings results for the period ending June 30 2023. Compared to the same period last year, total revenue for the quarter was USD 61.3 million, a decrease of 14.0%. Additionally, net income for the quarter was USD 5.2 million, a decline of 59.0%.
Share Price
On Thursday, CLEARFIELD reported their third quarter earnings results for fiscal year 2023. The company’s stock opened at $46.0 and closed at $45.1, representing a 2.5% decline from the previous closing price of 46.3. Despite the slight drop in stock price, CLEARFIELD reported strong financial results that were in line with investor expectations. The company’s strong earnings report was driven by higher demand for its products and services, as well as improved pricing and cost structure.
Additionally, CLEARFIELD’s effective management of its balance sheet allowed it to maintain a healthy level of financial liquidity. Overall, despite the slight decline in stock price, investors remain optimistic about CLEARFIELD’s future growth potential. With the successful execution of its strategic initiatives and the continued implementation of cost-efficiencies, the company is well-positioned to capitalize on future growth opportunities. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Clearfield. CLEARFIELD_Reports_Positive_Q3_Earnings_Results_for_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 314.06 | 46.83 | 14.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Clearfield. CLEARFIELD_Reports_Positive_Q3_Earnings_Results_for_FY2023″>More…
| Operations | Investing | Financing |
| 23.77 | -130.95 | 124.45 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Clearfield. CLEARFIELD_Reports_Positive_Q3_Earnings_Results_for_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 357.39 | 52 | 20.02 |
Key Ratios Snapshot
Some of the financial key ratios for Clearfield are shown below. CLEARFIELD_Reports_Positive_Q3_Earnings_Results_for_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 51.8% | 103.3% | 19.6% |
| FCF Margin | ROE | ROA |
| 4.7% | 12.6% | 10.8% |
Analysis
At GoodWhale, we have performed an analysis of CLEARFIELD‘s fundamentals. Based on our Star Chart, CLEARFIELD is strong in areas such as asset, growth and profitability, while weak in dividend. We have also determined that CLEARFIELD has a high health score of 10/10 when it comes to its cashflows and debt, indicating that it is capable to pay off its debt and fund future operations. Additionally, CLEARFIELD has been classified as a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. In light of CLEARFIELD’s strong performance in asset, growth, profitability and cashflows, we believe that it may be of interest to various investors. This could include investors who are seeking a company with a competitive advantage, those who are looking for companies with healthy cashflows and those who want to benefit from long-term growth. Furthermore, investors who are interested in dividend yield may also be drawn to CLEARFIELD due to its potential for dividend payout in the future. More…
Peers
The competition in the fiber optics industry is heating up as Clearfield Inc takes on Nanfang Communication Holdings Ltd, FiberCore Inc, and United Fiber Optic Communication Inc. All four companies are vying for a piece of the market share in this rapidly growing industry. The company designs, manufactures, and markets a variety of fiber optic products that are used in a variety of applications, including telecommunications, data communications, and cable television.
– Nanfang Communication Holdings Ltd ($SEHK:01617)
Nanfang Communication Holdings Ltd is a telecommunication company that provides services such as fixed-line, mobile, and broadband services. As of 2022, the company has a market capitalization of 147.99 million and a return on equity of -3.86%. The company has been facing financial difficulties in recent years, which has led to its negative return on equity. Despite this, the company continues to provide telecommunication services to its customers in China.
– FiberCore Inc ($OTCPK:FBCE)
FiberCore Inc is a publicly traded company with a market capitalization of 551.01k as of 2022. The company’s return on equity is -2.04%. FiberCore is a leading provider of fiber optic cable and related products and services. The company’s products are used in a variety of applications, including telecommunications, data communications, cable television, and military and aerospace.
– United Fiber Optic Communication Inc ($TPEX:4903)
United Fiber Optic Communication Inc is a provider of fiber optic communication services. The company has a market cap of 945.63M as of 2022 and a Return on Equity of -16.75%. The company offers a range of services including high-speed internet, data, and voice services.
Summary
CLEARFIELD‘s FY2023 Q3 earnings results showed a decrease from the same period last year in total revenue and net income. Total revenue decreased 14.0% compared to last year to USD 61.3 million, while net income decreased 59.0% to USD 5.2 million. This suggests that investors should be cautious when considering investing in CLEARFIELD, as the company is currently facing financial difficulty. Investors should consider the performance of CLEARFIELD’s competitors in the industry, as well as its current debt load and future growth potential, before making a decision to invest.
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