Note 1 - Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
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 |
|
|