Earnings Call Summary | Clearfield(CLFD.US) Q2 2024 Earnings Conference
Earnings Call Summary | Clearfield(CLFD.US) Q2 2024 Earnings Conference
The following is a summary of the Clearfield, Inc. (CLFD) Q2 2024 Earnings Call Transcript:
以下是Clearfield, Inc.（CLFD）2024年第二季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Clearfield reported Q2 2024 net sales of $36.9 million, a 49% decrease from the same period last year, impacted by inventory headwinds.
The gross profit margin in Q2 2024 declined drastically to 7.7% from the 32.8% due to noncash excess inventory charges.
Operating expenses increased to $12.6 million, up from $11.5 million, corresponding to lower sales volumes.
Clearfield reported a significant Q2 net loss of $5.9 million compared to the previous year's net income of $10.4 million.
Despite the losses, the company maintains a strong cash position with $149 million in cash and investments and a minimal debt of $2 million.
Clearfield also has an authorized buyback program valued at $65 million.
克利爾菲爾德報告稱，受庫存不利影響，2024年第二季度淨銷售額爲3690萬美元，比去年同期下降49％。
由於非現金過剩庫存費用，2024年第二季度的毛利率從32.8％急劇下降至7.7％。
運營費用從1150萬美元增加到1,260萬美元，對應於銷售量的減少。
Clearfield報告稱，第二季度淨虧損爲590萬美元，而去年的淨收入爲1,040萬美元。
儘管虧損，該公司仍保持強勁的現金狀況，擁有1.49億美元的現金和投資以及200萬美元的最低債務。
Clearfield還擁有一項價值6500萬美元的授權回購計劃。
Business Progress:
業務進展：
There was increased demand for home connections over new home passes, reflecting the community deployment demand.
Clearfield experienced a rise in orders, including new customers, signalling high expectations for business progress.
An app-based 3D interactive training tool was launched to provide product installation instructions, provision of tech-aided solutions to improve efficiency.
The introduction of the FiberFlex 600 product aims to increase flexibility in application configuration and deployment, providing a competitive edge in product offerings.
Delays from regulatory compliance with BABA and BEAD programs impacted business progress, indicating possible stumbling blocks.
The company is expecting gradual increase in orders and improvements in gross margins moving into the building season, signaling recovery in the near future.
Clearfield is focusing on establishing key partnerships and channel offerings while exploring cross-selling opportunities with the Nestor product portfolio anticipating to service 59 million homes with fiber over the next five years.
與新的家庭通行證相比，對家庭連接的需求有所增加，這反映了社區部署需求。
Clearfield的訂單有所增加，包括新客戶，這表明人們對業務進展寄予厚望。
推出了基於應用程序的三維交互式培訓工具，以提供產品安裝說明，提供技術輔助解決方案以提高效率。
FiberFlex 600 產品的推出旨在提高應用程序配置和部署的靈活性，從而在產品供應方面提供競爭優勢。
延遲遵守BABA和BEAD計劃的監管規定影響了業務進展，表明可能存在絆腳石。
該公司預計，進入建築季節時，訂單將逐漸增加，毛利率將有所提高，這預示着不久的將來會出現復甦。
Clearfield專注於建立關鍵合作伙伴關係和渠道產品，同時探索交叉銷售機會，Nestor產品組合預計將在未來五年內爲5900萬戶家庭提供光纖服務。
More details: Clearfield IR
更多詳情： 克利爾菲爾德紅外
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。