Clearfield (CLFD) risk factors
Item 1A of every Clearfield, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors27 risks2 new4 dropped5 reworded
Clearfield faces new risks from trade policy tariffs and cyclical capital spending by broadband service providers. Global geopolitical conflict references expanded to include the Israel-Hamas war and U.S.-China rivalry. Customer concentration percentages shifted, noting two distributors accounted for 18% and 13% of net sales.
Filed Nov 25, 2025 - FY2024 10-K risk factors29 risks
Concentration of top distributor customers creates sales volatility and risk from customer loss or industry consolidation. Reliance on single-source suppliers for critical components threatens production and order fulfillment. Compliance with Build America Buy America domestic content requirements is essential for customer grant funding under BEAD.
Filed Nov 15, 2024