Clearfield Reports Q1 Loss, Forecasts Growth - CLFD

[Para 1: The Lead] Clearfield Inc. (CLFD) reported a fiscal Q1 loss of $614,000, or 4 cents per share, adjusted for discontinued operations, 2 cents per share. The company, based in Brooklyn Park, Minnesota, saw revenues of $34.3 million. For Q2, Clearfield expects revenue between $32 million and $35 million. Full-year earnings are forecasted at 48 cents to 62 cents per share, with revenue projected at $160 million to $170 million. [Para 2-3: Supporting details & Context] Clearfield, a manufacturer of fiber optic management products, is projecting steady growth. The company's financials reflect a shift in focus, with discontinued operations impacting earnings. Despite the loss, Clearfield's revenue growth and guidance for the upcoming quarters indicate a positive outlook. The company's strategy and market position in fiber optic solutions are key drivers for its financial trajectory.