Clearfield Inc
NASDAQ:CLFD
Income Statement
Earnings Waterfall
Clearfield Inc
Revenue
|
217m
USD
|
Cost of Revenue
|
-157.7m
USD
|
Gross Profit
|
59.3m
USD
|
Operating Expenses
|
-48.1m
USD
|
Operating Income
|
11.2m
USD
|
Other Expenses
|
1.8m
USD
|
Net Income
|
13m
USD
|
Income Statement
Clearfield Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||||||||||||||||
Revenue |
59
N/A
|
62
+5%
|
63
+1%
|
58
-8%
|
56
-4%
|
55
-2%
|
59
+7%
|
60
+2%
|
62
+3%
|
67
+7%
|
70
+5%
|
75
+8%
|
78
+3%
|
79
+1%
|
77
-3%
|
74
-3%
|
73
-2%
|
72
-1%
|
74
+3%
|
78
+6%
|
81
+4%
|
83
+3%
|
84
+0%
|
85
+2%
|
84
-1%
|
86
+2%
|
90
+5%
|
93
+4%
|
101
+8%
|
110
+9%
|
123
+12%
|
141
+15%
|
165
+17%
|
189
+14%
|
221
+17%
|
271
+23%
|
306
+13%
|
324
+6%
|
314
-3%
|
269
-14%
|
217
-19%
|
|
Gross Profit | ||||||||||||||||||||||||||||||||||||||||||
Cost of Revenue |
(34)
|
(35)
|
(36)
|
(33)
|
(32)
|
(33)
|
(35)
|
(36)
|
(36)
|
(38)
|
(40)
|
(42)
|
(44)
|
(45)
|
(44)
|
(44)
|
(42)
|
(42)
|
(44)
|
(47)
|
(49)
|
(51)
|
(52)
|
(52)
|
(52)
|
(52)
|
(54)
|
(55)
|
(59)
|
(64)
|
(70)
|
(80)
|
(92)
|
(106)
|
(126)
|
(158)
|
(185)
|
(203)
|
(203)
|
(183)
|
(158)
|
|
Gross Profit |
25
N/A
|
27
+6%
|
27
+2%
|
25
-9%
|
23
-5%
|
22
-4%
|
24
+8%
|
25
+3%
|
26
+4%
|
28
+10%
|
30
+5%
|
33
+10%
|
33
+2%
|
34
+0%
|
32
-4%
|
30
-6%
|
30
0%
|
30
-2%
|
30
+2%
|
31
+3%
|
32
+3%
|
32
+1%
|
32
0%
|
33
+2%
|
32
-1%
|
34
+3%
|
36
+7%
|
38
+5%
|
42
+10%
|
46
+12%
|
53
+14%
|
61
+16%
|
73
+19%
|
83
+14%
|
95
+15%
|
113
+19%
|
121
+7%
|
121
+0%
|
111
-8%
|
85
-23%
|
59
-30%
|
|
Operating Income | ||||||||||||||||||||||||||||||||||||||||||
Operating Expenses |
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(17)
|
(18)
|
(18)
|
(19)
|
(20)
|
(22)
|
(23)
|
(24)
|
(25)
|
(24)
|
(25)
|
(27)
|
(26)
|
(26)
|
(26)
|
(26)
|
(26)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(30)
|
(31)
|
(33)
|
(36)
|
(38)
|
(41)
|
(44)
|
(49)
|
(52)
|
(52)
|
(53)
|
(48)
|
(48)
|
|
Selling, General & Administrative |
(15)
|
(16)
|
(16)
|
(16)
|
(16)
|
(17)
|
(18)
|
(18)
|
(18)
|
(19)
|
(20)
|
(22)
|
(23)
|
(24)
|
(25)
|
(24)
|
(25)
|
(26)
|
(26)
|
(26)
|
(26)
|
(26)
|
(26)
|
(28)
|
(28)
|
(29)
|
(29)
|
(30)
|
(30)
|
(31)
|
(33)
|
(36)
|
(38)
|
(41)
|
(44)
|
(49)
|
(52)
|
(52)
|
(53)
|
(48)
|
(48)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(0)
|
|
Operating Income |
10
N/A
|
11
+10%
|
11
+1%
|
9
-20%
|
7
-17%
|
6
-21%
|
7
+19%
|
7
+6%
|
7
+4%
|
9
+23%
|
10
+6%
|
11
+11%
|
10
-7%
|
9
-9%
|
8
-17%
|
6
-22%
|
5
-19%
|
3
-38%
|
4
+37%
|
5
+27%
|
6
+10%
|
6
+15%
|
6
-13%
|
5
-6%
|
4
-15%
|
5
+10%
|
7
+42%
|
8
+22%
|
12
+39%
|
15
+32%
|
20
+27%
|
25
+29%
|
35
+37%
|
42
+22%
|
51
+21%
|
64
+25%
|
69
+8%
|
69
+0%
|
58
-16%
|
37
-36%
|
11
-70%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
0
|
0
|
0
|
0
|
(0)
|
1
|
3
|
4
|
6
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Total Other Income |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Pre-Tax Income |
10
N/A
|
11
+10%
|
11
+1%
|
9
-20%
|
7
-17%
|
6
-20%
|
7
+19%
|
7
+6%
|
8
+5%
|
9
+22%
|
10
+6%
|
11
+12%
|
10
-7%
|
9
-8%
|
7
-23%
|
6
-22%
|
5
-9%
|
3
-34%
|
4
+34%
|
6
+23%
|
6
+11%
|
7
+14%
|
6
-11%
|
6
-5%
|
5
-11%
|
6
+9%
|
8
+35%
|
9
+19%
|
12
+35%
|
16
+29%
|
20
+25%
|
26
+28%
|
35
+36%
|
43
+21%
|
51
+21%
|
64
+24%
|
69
+8%
|
70
+2%
|
60
-14%
|
42
-31%
|
17
-58%
|
|
Net Income | ||||||||||||||||||||||||||||||||||||||||||
Tax Provision |
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(2)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(3)
|
(4)
|
(5)
|
(8)
|
(9)
|
(12)
|
(15)
|
(15)
|
(16)
|
(14)
|
(9)
|
(4)
|
|
Income from Continuing Operations |
6
|
7
|
7
|
5
|
5
|
4
|
4
|
5
|
5
|
6
|
7
|
8
|
8
|
7
|
6
|
4
|
4
|
2
|
3
|
4
|
4
|
5
|
5
|
5
|
4
|
4
|
6
|
7
|
10
|
13
|
16
|
20
|
28
|
33
|
40
|
49
|
53
|
54
|
47
|
33
|
13
|
|
Net Income (Common) |
6
N/A
|
7
+11%
|
7
+0%
|
5
-22%
|
5
-16%
|
4
-21%
|
4
+22%
|
5
+8%
|
5
+9%
|
6
+24%
|
7
+7%
|
8
+19%
|
8
-5%
|
7
-8%
|
6
-22%
|
4
-31%
|
4
+3%
|
3
-31%
|
4
+36%
|
4
+18%
|
4
+1%
|
5
+16%
|
5
-9%
|
5
+1%
|
4
-12%
|
4
+9%
|
6
+38%
|
7
+19%
|
10
+36%
|
13
+29%
|
16
+24%
|
20
+27%
|
28
+36%
|
33
+20%
|
40
+20%
|
49
+24%
|
53
+8%
|
54
+2%
|
47
-14%
|
33
-31%
|
13
-60%
|
|
EPS (Diluted) |
0.47
N/A
|
0.52
+11%
|
0.52
N/A
|
0.4
-23%
|
0.34
-15%
|
0.27
-21%
|
0.32
+19%
|
0.34
+6%
|
0.37
+9%
|
0.46
+24%
|
0.49
+7%
|
0.59
+20%
|
0.55
-7%
|
0.51
-7%
|
0.4
-22%
|
0.28
-30%
|
0.29
+4%
|
0.2
-31%
|
0.27
+35%
|
0.31
+15%
|
0.33
+6%
|
0.38
+15%
|
0.35
-8%
|
0.34
-3%
|
0.31
-9%
|
0.34
+10%
|
0.46
+35%
|
0.53
+15%
|
0.73
+38%
|
0.93
+27%
|
1.15
+24%
|
1.47
+28%
|
1.99
+35%
|
2.39
+20%
|
2.87
+20%
|
3.55
+24%
|
3.72
+5%
|
3.56
-4%
|
3.07
-14%
|
2.17
-29%
|
0.85
-61%
|