Clearfield, Inc. reported earnings results for the first quarter ended December 31, 2023. For the first quarter, the company reported sales was USD 34.23 million compared to USD 85.94 million a year ago. Net loss was USD 5.27 million compared to net income of USD 14.26 million a year ago.

Basic loss per share from continuing operations was USD 0.35 compared to basic earnings per share from continuing operations of USD 1.01 a year ago. Diluted loss per share from continuing operations was USD 0.35 compared to diluted earnings per share from continuing operations of USD 1 a year ago.