$CLFD
Clearfield, Inc.

2024 Q3 Form 10-Q Financial Statement

#000117184324004461 Filed on August 06, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $46.77M $48.79M
YoY Change -5.86% -20.38%
Cost Of Revenue $36.10M $38.10M
YoY Change -4.21% -9.73%
Gross Profit $10.67M $10.69M
YoY Change -11.06% -43.94%
Gross Profit Margin 22.81% 21.91%
Selling, General & Admin $13.68M $13.00M
YoY Change 33.11% -3.35%
% of Gross Profit 128.24% 121.57%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.930M $1.910M
YoY Change 17.4% 20.96%
% of Gross Profit 18.09% 17.86%
Operating Expenses $13.68M $13.00M
YoY Change 33.11% -3.35%
Operating Profit -$3.013M -$2.306M
YoY Change -275.58% -141.0%
Interest Expense $1.694M $153.0K
YoY Change 9.43% -21.54%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$1.319M -$724.0K
YoY Change -140.41% -110.25%
Income Tax -$492.0K -$277.0K
% Of Pretax Income
Net Earnings -$827.0K -$447.0K
YoY Change -130.68% -108.57%
Net Earnings / Revenue -1.77% -0.92%
Basic Earnings Per Share -$0.04
Diluted Earnings Per Share -$0.06 -$0.04
COMMON SHARES
Basic Shares Outstanding 14.24M 14.23M
Diluted Shares Outstanding 14.25M

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $131.0M $123.8M
YoY Change -22.08% -23.62%
Cash & Equivalents $16.17M $25.62M
Short-Term Investments $114.8M $98.20M
Other Short-Term Assets $10.53M $9.878M
YoY Change 521.12% 141.87%
Inventory $66.77M $74.87M
Prepaid Expenses
Receivables $21.31M $27.64M
Other Receivables $0.00 $0.00
Total Short-Term Assets $229.6M $236.2M
YoY Change -22.5% -22.08%
LONG-TERM ASSETS
Property, Plant & Equipment $23.95M $21.49M
YoY Change 11.27% 0.79%
Goodwill $6.627M $6.553M
YoY Change 1.52%
Intangibles $6.343M $6.399M
YoY Change 4.12% 0.87%
Long-Term Investments $24.51M $24.18M
YoY Change 286.33% 268.82%
Other Assets $2.320M $1.822M
YoY Change 23.93% 22.36%
Total Long-Term Assets $85.68M $81.89M
YoY Change 44.58% 41.05%
TOTAL ASSETS
Total Short-Term Assets $229.6M $236.2M
Total Long-Term Assets $85.68M $81.89M
Total Assets $315.3M $318.1M
YoY Change -11.32% -11.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $6.720M $9.049M
YoY Change -24.42% -22.27%
Accrued Expenses $4.378M $3.029M
YoY Change 82.11% -9.18%
Deferred Revenue
YoY Change
Short-Term Debt $2.920M $5.714M
YoY Change -53.57% -47.56%
Long-Term Debt Due $0.00 $0.00
YoY Change -100.0%
Total Short-Term Liabilities $24.35M $28.17M
YoY Change -16.04% -23.69%
LONG-TERM LIABILITIES
Long-Term Debt $2.228M $2.142M
YoY Change
Other Long-Term Liabilities $12.77M $13.14M
YoY Change 20.15% 13.57%
Total Long-Term Liabilities $15.00M $15.28M
YoY Change 41.11% 32.08%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.35M $28.17M
Total Long-Term Liabilities $15.00M $15.28M
Total Liabilities $39.51M $43.52M
YoY Change -2.09% -11.66%
SHAREHOLDERS EQUITY
Retained Earnings $115.0M $115.8M
YoY Change -9.72% -7.1%
Common Stock $142.0K $142.0K
YoY Change -7.19% -7.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $275.8M $274.6M
YoY Change
Total Liabilities & Shareholders Equity $315.3M $318.1M
YoY Change -11.32% -11.93%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$827.0K -$447.0K
YoY Change -130.68% -108.57%
Depreciation, Depletion And Amortization $1.930M $1.910M
YoY Change 17.4% 20.96%
Cash From Operating Activities $13.76M $3.867M
YoY Change 110.7% 15.78%
INVESTING ACTIVITIES
Capital Expenditures $3.959M $1.221M
YoY Change 113.54% -29.38%
Acquisitions
YoY Change
Other Investing Activities -$15.26M $12.39M
YoY Change -867.94% -111.52%
Cash From Investing Activities -$19.22M $11.17M
YoY Change -14549.62% -110.23%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -3.869M -5.224M
YoY Change 1365.53% -1895.19%
NET CHANGE
Cash From Operating Activities 13.76M 3.867M
Cash From Investing Activities -19.22M 11.17M
Cash From Financing Activities -3.869M -5.224M
Net Change In Cash -9.328M 9.809M
YoY Change -245.77% -109.29%
FREE CASH FLOW
Cash From Operating Activities $13.76M $3.867M
Capital Expenditures $3.959M $1.221M
Free Cash Flow $9.800M $2.646M
YoY Change 109.58% 64.25%

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CY2024Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1152000 usd
CY2024Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
336000 usd
CY2024Q2 us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
5560000 usd
CY2024Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-115000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-447000 usd
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
274574000 usd
CY2023Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1059000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
CY2023Q2 clfd Stock Issued During Period Value Withholding Related To Stock Options Exercised
StockIssuedDuringPeriodValueWithholdingRelatedToStockOptionsExercised
-20000 usd
CY2023Q2 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
312000 usd
CY2023Q2 us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
-34000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5218000 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
315163000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
3436000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
586000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
0 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
240000 usd
clfd Stock Issued During Period Value Withholding Related To Stock Options Exercised
StockIssuedDuringPeriodValueWithholdingRelatedToStockOptionsExercised
-9000 usd
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
33374000 usd
us-gaap Other Comprehensive Income Loss Before Tax
OtherComprehensiveIncomeLossBeforeTax
559000 usd
us-gaap Net Income Loss
NetIncomeLoss
-11626000 usd
CY2022Q3 us-gaap Stockholders Equity
StockholdersEquity
147582000 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2504000 usd
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
954000 usd
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
612000 usd
clfd Stock Issued During Period Value Withholding Related To Stock Options Exercised
StockIssuedDuringPeriodValueWithholdingRelatedToStockOptionsExercised
-493000 usd
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
954000 usd
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
130262000 usd
us-gaap Net Income Loss
NetIncomeLoss
29837000 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
311934000 usd
us-gaap Net Income Loss
NetIncomeLoss
-11626000 usd
us-gaap Net Income Loss
NetIncomeLoss
29837000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5481000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4411000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
3304000 usd
us-gaap Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
2429000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
-3523000 usd
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
3437000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
2504000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-946000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-24519000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-23440000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
21510000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
8030000 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
3525000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
1643000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-20326000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
8464000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
13481000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
5608000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
6529000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
124137000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
210923000 usd
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
142067000 usd
us-gaap Proceeds From Sale And Maturity Of Held To Maturity Securities
ProceedsFromSaleAndMaturityOfHeldToMaturitySecurities
105077000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
12322000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-112375000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2142000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
2142000 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
16700000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
586000 usd
us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
612000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
240000 usd
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
954000 usd
clfd Payments For Proceeds From Tax Withholding Stock Options Exercised
PaymentsForProceedsFromTaxWithholdingStockOptionsExercised
9000 usd
clfd Payments For Proceeds From Tax Withholding Stock Options Exercised
PaymentsForProceedsFromTaxWithholdingStockOptionsExercised
493000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
0 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
954000 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 usd
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
130262000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
33374000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-33037000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
113681000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
48000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
-52000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-12203000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
14735000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
37827000 usd
CY2022Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16650000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
25624000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
31385000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
165000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
12589000 usd
us-gaap Interest Paid Net
InterestPaidNet
302000 usd
us-gaap Interest Paid Net
InterestPaidNet
360000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
4614000 usd
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
3776000 usd
clfd Issuance Of Common Stock Funded Through Shares Sold To Company
IssuanceOfCommonStockFundedThroughSharesSoldToCompany
19000 usd
clfd Issuance Of Common Stock Funded Through Shares Sold To Company
IssuanceOfCommonStockFundedThroughSharesSoldToCompany
566000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-447000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5218000 usd
us-gaap Net Income Loss
NetIncomeLoss
-11626000 usd
us-gaap Net Income Loss
NetIncomeLoss
29837000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14249755
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
15254341
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14699278
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
14880666
CY2024Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0
CY2023Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
0
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
48739
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14249755
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
15254341
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14699278
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
14929405
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.04
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.33
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.79
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.01
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.04
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.79
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2
CY2024Q2 us-gaap Cash And Due From Banks
CashAndDueFromBanks
10380000 usd
CY2023Q3 us-gaap Cash And Due From Banks
CashAndDueFromBanks
11360000 usd
CY2024Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
15244000 usd
CY2023Q3 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
26467000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
25624000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
37827000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
96508000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
105000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
6825000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
411000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12Months
113153000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss
131000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLonger
23476000 usd
CY2023Q3 us-gaap Debt Securities Available For Sale Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss
DebtSecuritiesAvailableForSaleContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss
755000 usd
CY2024Q2 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
10 pure
CY2023Q3 us-gaap Debt Securities Available For Sale Unrealized Loss Position Number Of Positions
DebtSecuritiesAvailableForSaleUnrealizedLossPositionNumberOfPositions
42 pure
CY2024Q2 clfd Cash Equivalents Fair Value Disclosure
CashEquivalentsFairValueDisclosure
15244000 usd
CY2024Q2 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
122375000 usd
CY2023Q3 clfd Cash Equivalents Fair Value Disclosure
CashEquivalentsFairValueDisclosure
26467000 usd
CY2023Q3 us-gaap Available For Sale Securities Debt Securities
AvailableForSaleSecuritiesDebtSecurities
136629000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1152000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3437000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1059000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2504000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
6213000 usd
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y4M24D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
118706
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.84
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
64.38
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.6166 pure
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0455 pure
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
254124
CY2023Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
37.04
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
118706
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
26.84
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
1501
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
12.4
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriod
4345
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
38.13
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
366984
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
33.83
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y9M3D
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
2473000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48793000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61284000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
119933000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
219035000 usd
CY2024Q2 clfd Revenues Percent
RevenuesPercent
1 pure
CY2023Q2 clfd Revenues Percent
RevenuesPercent
1 pure
clfd Revenues Percent
RevenuesPercent
1 pure
clfd Revenues Percent
RevenuesPercent
1 pure
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
0 usd
CY2023Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
79000 usd
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
59968000 usd
CY2023Q3 us-gaap Inventory Raw Materials
InventoryRawMaterials
73657000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3206 usd
CY2023Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
1462000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
27399000 usd
CY2023Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
29696000 usd
CY2024Q2 us-gaap Inventory Gross
InventoryGross
90573000 usd
CY2023Q3 us-gaap Inventory Gross
InventoryGross
104815000 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
15704000 usd
CY2023Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
6760000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
74869000 usd
CY2023Q3 us-gaap Inventory Net
InventoryNet
98055000 usd
CY2024Q2 clfd Number Of Patents Granted
NumberOfPatentsGranted
56 pure
CY2023Q3 us-gaap Goodwill
Goodwill
6528000 usd
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
25000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
6553000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
12088000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
5689000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6399000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
10860000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4768000 usd
CY2023Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6092000 usd
CY2024Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
427000 usd
CY2023Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
280000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
1089000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
836000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
440000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
1326000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
746000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
547000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
460000 usd
CY2024Q2 clfd Finite Lived Intangible Asset Expected Amortization After Year Four
FiniteLivedIntangibleAssetExpectedAmortizationAfterYearFour
2880000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
6399000 usd
CY2024Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
48793000 usd
CY2024Q2 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
0 usd
CY2024Q2 us-gaap Net Investment Income
NetInvestmentIncome
1735000 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
153000 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1910000 usd
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1152000 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-277000 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-447000 usd
CY2024Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1221000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
119933000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
0 usd
us-gaap Net Investment Income
NetInvestmentIncome
5653000 usd
us-gaap Interest Expense
InterestExpense
381000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5481000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
3437000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3311000 usd
us-gaap Net Income Loss
NetIncomeLoss
-11626000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
5608000 usd
CY2023Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
61284000 usd
CY2023Q2 us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
0 usd
CY2023Q2 us-gaap Net Investment Income
NetInvestmentIncome
1630000 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
195000 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1579000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1059000 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1842000 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
5218000 usd
CY2023Q2 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1729000 usd
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
219035000 usd
us-gaap Revenue Not From Contract With Customer Excluding Interest Income
RevenueNotFromContractWithCustomerExcludingInterestIncome
0 usd
us-gaap Net Investment Income
NetInvestmentIncome
3328000 usd
us-gaap Interest Expense
InterestExpense
551000 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
4411000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2504000 usd
us-gaap Net Income Loss
NetIncomeLoss
29837000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
6531000 usd
CY2024Q2 us-gaap Goodwill
Goodwill
6553000 usd
CY2024Q2 us-gaap Assets
Assets
318095000 usd
CY2023Q3 us-gaap Goodwill
Goodwill
6528000 usd
CY2023Q3 us-gaap Assets
Assets
355517000 usd
CY2024Q2 clfd Factoring Liabilities
FactoringLiabilities
5714000 usd
CY2024Q2 clfd Financing Receivables Percentage Of Cash Initially Received
FinancingReceivablesPercentageOfCashInitiallyReceived
0.80 pure
CY2024Q2 clfd Financing Receivable Percentage Of Balance Received When Invoice Is Paid
FinancingReceivablePercentageOfBalanceReceivedWhenInvoiceIsPaid
0.20 pure
CY2024Q2 clfd Financing Receivable Limit
FinancingReceivableLimit
13400000 usd
CY2024Q2 clfd Financing Receivable Average Interest Rate During Period
FinancingReceivableAverageInterestRateDuringPeriod
0.0519 pure
clfd Financing Receivable Average Interest Rate During Period
FinancingReceivableAverageInterestRateDuringPeriod
0.0781 pure
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-277000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3311000 usd
CY2024Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.382 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.221 pure
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1842000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8511000 usd
CY2023Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.261 pure
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.222 pure
CY2024Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1161000 usd
CY2023Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
1092000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
3422000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
3173000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1065000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4282000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4218000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3436000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
3029000 usd
CY2024Q2 clfd Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
3835000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
19865000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
3497000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
16367000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y4M6D
CY2024Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0661 pure
CY2023Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P5Y1M6D
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0358 pure
CY2024Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1058000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
3150000 usd
CY2023Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
1012000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
2910000 usd

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