Slide 1: ey
ey
Slide 2: Cautions Regarding Forward-Looking Statements
Certain important factors could have a material impact on the Company's performance, including these set forth in the Bi oiled riparian Caitlons Regarding ForwerLokng sttorents. ae wl a the Yaar st fort in cantons Annual Report on Form 10-K for the year ended September 30, 2015 and other filings wit
Slide 3: Cheri Beranek, President & CEO
Pa Cheri Beranek President & CEO Building on the strong momentum we established in the fiscal first quarter, Q2 marked another pivotal period in our conser Wisi. Ast Wor Su opined atone in Sng ow mai! ana the wok Cet tthe os unity, sales and backlog booked demonstrate our penetration of the wirel ab
Slide 4: Quarter and first half highlights
income increas to$4 millioner S011 peraiaedshore + Cash & investments increased to $36.7 milion + Order backlog increased 156% to $8.2 milion achievements have largely translated into the positive financial results generated during the quarter and first half cal 2016. Revenue and gross profit both s
Slide 5: Financial Update
Financial Update Dan Herzog Chief Financial Officer Thank you, Cheri. Now, going into our financial results.
Slide 6: Quarterly Financial Performance
Quarterly Financial Performance eas as aes aie ae (ur revenue in the second quarter of fiscal 2016 increased 37% to $16.9 milion from $12.4 million during the same year- ‘ago period. For the first six months of fiscal 2016, revenue increased 24% to $32.6 milion from $26.4 million during the same per
Slide 7: Quarterly Financial Performance: Gross Profit
Quarterly Financial Performance ross Profit ie ro St ore asa 2016 nS 8518 $7 a, 4 Ue rain Ts carpe $4. millon, 01 38.4% of foal revenue inthe same year: 2904 period. For the first half of fiscal 2016, gross profit increased S50 814 wily 42.8% of laren, Te ars © 1105 Ron, 20.54 of la evens, er the fi
Slide 8: Quarterly Financial Performance: Operating Expenses and Net Income
Quarterly Financial Performance ross Profit ‘Net income (ur operating expenses for fiscal Q2 were $5.1 million, which was up 20% from the same year-ago quarter. Operating expenses for the first six months of fiscal 2016 were $9.8 million, which was up 17% in the same year-ago period. The increases f
Slide 9: Revenue by Customer Type
Revenue by Customer Type Generally, this classification has been appropriate, since a large proportion of our historical revenue has been driven by 9 soniee providers who ether had an neuriben fer esi within thelr own teriores (LEG) ordi nt and thus had to overbuild a surrounding community to delive
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth $157 5302 roe = saan Stoctholders uty 38s eee 26 =i l | rmtiesot ive/srre | sass) 530 | an Ss am During the quarter, our cash and investments increased to $36.7 million. Our current ratio also remained strong at 7.9, and our tangible net worth increased 4% from the prio
Slide 11: Operational Update and Outlook
Operational Update and Outlook Cheri Beranek President & CEO Thanks, Dan. @ Clearfield was founded, we have prided ourselves on our field engineering expertise, innovative product solutions, an ability to understand our customers’ co fer deployment noods. This combination hae alowed us fo cara outa
Slide 12: We are a Fiber to the Anywhere Company
We are a Fiber to the Anywhere Company + We have a sucess track record in serving Se Peet PD et + our unique single architecture pltonm not nitrates stom congo, tt epands our adresse ty our attform consoiets irbuterond protect beat oven rat a tate ti ny onate ‘woytothe hone busines cate oon de Reven
Slide 13: Our View of the Optical Fiber Industry
Our View of the Optical Fiber Industry + Insights fom the Optica Fiber Com (or conference sages ta fer back and that anew wave of deployments isan the horizon rea Fund (CAF) Pi yeas to ig nnectty tough cope andontcal ther Iechabgs ominous uses + leafed now represented on FTTH Coun ith ccozse sponse
Slide 14: Fiscal 2016 Key Initiatives
Fiscal 2016 Key Initiatives + Begin field trials with expanded base of Tier 1 and Tier 2 layers ‘Feet on the street’ is an important element of our go-to-market strategy, and our ongoing expansion of our sales team, Inchding the hing ofa crector of broadband sales isa clcal slap toward broadening ou
Slide 15: Financial Outlook — Fiscal 2016 & 2017
Financial Outlook — Fiscal 2016 & 2017 * Extn of ey inttvs postions Revenue Growth Outlook Clearfield for greater market share and Revied At 28,2016 higher revenue growth rate + Investment in key infrastructure and ‘enterprise resourcing planningsystems + Based on current outlookand pipeline: + Reve
Slide 16: Clearfield, Inc.
LED@liolios.com Clearfield, inc. Minneapolis, Minnesota In closing, we encourage you to review today’s earnings release and filings, and we welcome any questions you may have nt ‘ur financial performance, operations, products or industry. Please sand your inguies to CLFD Gols. com, We wi relevant qu