Clearfield, Inc. (NASDAQ:CLFD) Q1 2023 Earnings Call Transcript

Scott Searle: And just the follow-up on that Cheri, active cabinets carry a higher gross margin as well?

Cheri Beranek: They are pretty similar, to the rest of the cabinet best of the line. So no, I wouldn’t call them higher, but they will be pretty close. They are in the same, you know, 40% to 43% margin.

Scott Searle: Got you, but in terms of the revenue guidance and extrapolating that into the back half, you are starting to get back into that 110 million to 120 million range. Okay.

Cheri Beranek: Yes. Look, I would make, it look at it from a standpoint I think of it seeing the significant because I’m just not sure where those rectifiers are going to come in and the amount of backlog that we have for powered cabinets that definitely the fourth quarter is going to be this step up in that the availability of some of those materials, it is going to allow fourth quarter to be a higher number than what you would normally expect.

Scott Searle: Okay, great thanks. I will get back in the queue.

Operator: At this time, this concludes the Company’s question-and-answer session. If your question was not taken, you may contact Clearfield Investor Relations team at clfd@gatewayir.com. I would now want to turn the call over to Ms. Beranek for closing remarks.

Cheri Beranek: Thank you all for the opportunity to speak with you and for the questions from our analyst community. Definitely a year of transition and a year of being able to come back into these normalized patterns. And so I invite shareholders to contact our gateway or our IR firm. We welcome the opportunity to speak with you, because I could not be more excited about the revenue plan in front of us and the opportunity by which to become a significant player in high speed broadband, until next quarter.

Operator: Thank you for joining us today for Clearfield’s fiscal first quarter 2023 conference call. You may now disconnect.