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v3.24.3

Note 1 - Summary of Significant Accounting Policies (Tables) | 12 Months Ended
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Sep. 30, 2024
Notes Tables |
Schedule of Cash and Cash Equivalents [Table Text Block] |
(In thousands) |  | September 30, 2024 |  |  | September 30, 2023 |
Cash and cash equivalents: |  |  |  |  |  |  |  |
Cash, including money market accounts |  | $ | 5,789 |  |  | $ | 11,360 |
Money market funds |  |  | 10,378 |  |  |  | 26,467 |
Total cash and cash equivalents |  | $ | 16,167 |  |  | $ | 37,827 |
Schedule of Inventory, Current [Table Text Block] |
|  | September 30, 2024 |  |  | September 30, 2023 |
(In thousands) |  |  |  |  |  |  |  |
Raw materials |  | $ | 56,842 |  |  | $ | 73,657 |
Work-in-process |  |  | 1,790 |  |  |  | 1,462 |
Finished goods |  |  | 23,389 |  |  |  | 29,696 |
Inventories, gross |  |  | 82,021 |  |  |  | 104,815 |
Inventory reserve |  |  | (15,255 | ) |  |  | (6,760 | )
Inventories, net |  | $ | 66,766 |  |  | $ | 98,055 |
Schedule of Goodwill [Table Text Block] |
(In thousands) |  | Clearfield, Inc. |  |  | Nestor Cables |  |  | Total |
Balance as of September 30, 2023 |  | $ | 4,709 |  |  | $ | 1,819 |  |  | $ | 6,528 |
Currency translation effect on foreign goodwill balances |  |  | - |  |  |  | 99 |  |  |  | 99 |
Balance as of September 30, 2024 |  | $ | 4,709 |  |  | $ | 1,918 |  |  | $ | 6,627 |
(In thousands) |  | Clearfield, Inc. |  |  | Nestor Cables |  |  | Total |
Balance as of September 30, 2022 |  | $ | 4,709 |  |  | $ | 1,693 |  |  | $ | 6,402 |
Currency translation effect on foreign goodwill balances |  |  | - |  |  |  | 126 |  |  |  | 126 |
Balance as of September 30, 2023 |  | $ | 4,709 |  |  | $ | 1,819 |  |  | $ | 6,528 |
Schedule of Finite-Lived Intangible Assets [Table Text Block] |
|  | September 30, 2024 |
(In thousands) |  | Useful Life (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value Amount |
Customer relationships |  |  | 15 |  |  | $ | 4,856 |  |  | $ | 1,815 |  |  | $ | 3,041 |
Certifications |  |  | 8 |  |  |  | 1,068 |  |  |  | 884 |  |  |  | 184 |
Trademarks |  |  | 8-10 |  |  |  | 1,120 |  |  |  | 588 |  |  |  | 532 |
Patents |  |  | 20 |  |  |  | 1,302 |  |  |  | 219 |  |  |  | 1,083 |
Developed Technology |  |  | 10 |  |  |  | 346 |  |  |  | 75 |  |  |  | 271 |
Other |  |  | 5 |  |  |  | 6 |  |  |  | 6 |  |  |  | - |
Software |  |  | 1-3 |  |  |  | 3,475 |  |  |  | 2,243 |  |  |  | 1,232 |
Totals |  |  |  |  |  | $ | 12,173 |  |  | $ | 5,830 |  |  | $ | 6,343 |
|  | September 30, 2023 |
(In thousands) |  | Useful Life (Years) |  |  | Gross Carrying Amount |  |  | Accumulated Amortization |  |  | Net Book Value Amount |
Customer relationships |  |  | 15 |  |  | $ | 4,894 |  |  | $ | 1,582 |  |  | $ | 3,312 |
Certifications |  |  | 8 |  |  |  | 584 |  |  |  | 267 |  |  |  | 317 |
Trademarks |  |  | 8-10 |  |  |  | 1,333 |  |  |  | 700 |  |  |  | 633 |
Patents |  |  | 20 |  |  |  | 1,119 |  |  |  | 165 |  |  |  | 954 |
Developed Technology |  |  | 10 |  |  |  | 311 |  |  |  | 22 |  |  |  | 289 |
Other |  |  | 5 |  |  |  | 6 |  |  |  | 6 |  |  |  | - |
Software |  |  | 1-3 |  |  |  | 2,613 |  |  |  | 2,026 |  |  |  | 587 |
Totals |  |  |  |  |  | $ | 10,860 |  |  | $ | 4,768 |  |  | $ | 6,092 |
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block] |
(In thousands) |  | Estimated amortization expense |
FY 2025 |  | $ | 1,480 |
FY 2026 |  |  | 763 |
FY 2027 |  |  | 551 |
FY 2028 |  |  | 463 |
FY 2029 |  |  | 444 |
Thereafter |  |  | 2,642 |
Total |  | $ | 6,343 |
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] |
Year ended September 30, (In thousands except share data) |  | 2024 |  |  | 2023 |  |  | 2022 |
Net (loss) income |  | $ | (12,453 | ) |  | $ | 32,533 |  |  | $ | 49,362 |
Weighted average common shares |  |  | 14,582,450 |  |  |  | 14,975,972 |  |  |  | 13,771,665 |
Dilutive potential common shares |  |  | - |  |  |  | 36,555 |  |  |  | 134,319 |
Weighted average dilutive common shares outstanding |  |  | 14,582,450 |  |  |  | 15,012,527 |  |  |  | 13,905,984 |
(Losses) Earnings per share: |  |  |  |  |  |  |  |  |  |  |  |
Basic |  | $ | (0.85 | ) |  | $ | 2.17 |  |  | $ | 3.58 |
Diluted |  | $ | (0.85 | ) |  | $ | 2.17 |  |  | $ | 3.55 |
Useful Lives [Member] |
Notes Tables |
Property, Plant and Equipment [Table Text Block] |
|  | Years |
Equipment |  |  | 3 –15 |
Leasehold improvements |  | 7-10 or life of lease |
Vehicles |  |  | 3 |
(In thousands) |  | September 30, 2024 |  |  | September 30, 2023 |
Manufacturing equipment |  | $ | 27,302 |  |  | $ | 23,580 |
Office equipment |  |  | 4,559 |  |  |  | 4,560 |
Leasehold improvements |  |  | 6,347 |  |  |  | 6,107 |
Vehicles |  |  | 439 |  |  |  | 446 |
Construction in progress |  |  | 6,287 |  |  |  | 2,447 |
Property, plant and equipment, gross |  |  | 44,934 |  |  |  | 37,140 |
Less accumulated depreciation |  |  | 20,981 |  |  |  | 15,613 |
Property, plant and equipment, net |  | $ | 23,953 |  |  | $ | 21,527 |

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