How did CLFD's revenue and expenses shift in Q1 2025 compared to previous quarters?

Clearfield, Inc. (CLFD) exhibited notable improvements in revenue and expense management during Q1 2025, compared to the previous quarter in FY2024: 1. **Revenue Shift**: - CLFD's revenue for Q1 2025 was $35.5 million, reflecting a 4% increase from the $34.2 million reported in the same quarter of the previous year. - This growth was driven primarily by the connected homes products segment, which saw significant year-over-year revenue increases. - The revenue figure is consistent with expectations and indicates stability in Clearfield's financial performance. 2. **Expense Shift**: - The company's net loss for Q1 2025 was $1.9 million, a substantial improvement from the $5.3 million net loss in Q1 2024. - This reduction in net loss was driven by improved gross profit margin, which rose to 23.1% in Q1 2025, up from 13.7% in the corresponding quarter of the previous year. - Operating expenses decreased by 5.5% to $12.2 million, accounting for 34.3% of net sales, down from 37.6% in the prior year. 3. **Cash Flow and Share Repurchases**: - Clearfield generated approximately $7.2 million in cash from operations, indicating strong operational cash management. - The company completed $6.2 million in share buybacks, with $18.7 million remaining for future repurchases. 4. **Segmental Performance**: - The Clearfield segment contributed $29.7 million in revenue, marking a 6% year-over-year increase. - In contrast, the Nestor segment experienced a decline, with revenue falling by 6% year-over-year. In summary, CLFD's Q1 2025 financial performance showed notable improvements in revenue growth and profitability, driven by strategic product focus and operational efficiency enhancements.