Slide 1: Clearfield: Leader in Fiber Management & Connectivity Solutions
CLEARFIELD Leader in Fiber Optle Management & Connectivity Solutions Hello, this is Che pee we begin joday's presentation
Slide 2: Forward-Looking Statements
{patent onthe aca to ers Arua eprton arm 0 eye ‘Seper rd Exchange Commision. 30, 2015 os welche figs wth the Secures (© copyright 2016 clears nc AlRights Reserved tain important factors could have a material impact on the Company's performance, including those set forth in tre slide entitled “Import
Slide 3: Record-breaking fiscal Q3 opening remarks
|'m pleased to report that fiscal Q3 was a record-breaking quarter for us across several key metrics. In addition to the meaningful progress we made in securing new projects in both established and emerging markets, our financial sults for the quarter once again demonstrated the potential of our bui
Slide 4: Fiscal Q3 2016 Financial Highlights
Fiscal Q3 2016 Financial Highlights (vs. + Revenue up 19% to a record $21.6 million + Gross profit up 20% to a record $9.3 milion + Gross margin increased 40 basis points toa near record 43.2% + Order backlog increased 82% to $6.7 million Revenue for fiscal Q3 grew by 19% year-over-year, reaching it
Slide 5: Financial Update
Financial Update 08 Dan Herz Chief Financial Officer Thank you, Cheri. Now, going into our financial results...
Slide 6: Quarterly Financial Performance
Quarterly Financial Performance cas revenue in the third quarter of fiscal 2016 increased 19% to a record $21.6 milion from $18.2 million during the year-ago period, rors the first nine months of fiscal 2016, revenue iecaed 22% to a record $54.2 million from S446 millon ‘during the same period in fi
Slide 7: Quarterly Financial Performance
Quarterly Financial Performance Gross profit for the fiscal third quarter of 2016 focreeeed ad. o a record $9.3 million, or 43.2% of total revenue. This compares to $7.8 milion, or 42.8% o total revenue year-ago period. For the first nine months of fiscal 2016, gross profit increased 27% to a record
Slide 8: Strategic Investment in Growth: 30% Op Ex Model
Strategic Investment in Growth: 30% Op Ex Model ir operating expenses for fiscal Q3 were $5.9 million, which were up 21% from the same year-ago quat Operating ‘expenses for the fist nine months of fiscal 2016 were $15.7 mi ion ion which was up 18% in tesa same year- age period. The increases for bot
Slide 9: Quarterly Financial Performance: Net Income
Quarterly Financial Performance Net income (eis Qrie cris apie O45 O45 GLE cass QUE Our net income for the fiscal third quarter increased 17% to $2.3 million, or $0.16 per diluted share from $2.0 milion, or $0.14 per clue sina In fie same year ago quarter, Net ncome forthe fst ine months offical 207
Slide 10: Revenue by Customer Type
Revenue by Customer Type sina oom $03 sisom sssaw sis 5157 : ; ; § p ais ats apie ae ™ Looking at our revenue by customer type for fiscal Q3 2016, our Traditional Carrier business was up 12% year-over- year. Our Traditional Carters business among those wireline, wireless and cable operators that at
Slide 11: Balance Sheet Supports Growth
Balance Sheet Supports Growth Cosh & investment Balonces ais a3a6 nt ratio also remained strong at 2016, 016. Finally, we did not repurchase any shares during the fiscal third quarter under our stock repurchase program, which was authorized in November 2014. As of June 30, 2016, we have repurchased
Slide 12: Operational Update and Outlook
Operational Update and Outlook Thanks, Dan. be seen from our progress throughout the fiscal year, we have made in ides in how and where we are re deploying our platform-driven solutions. While some may consider us the speci in delivering cost-effe solutions for the Fiber-to-the-Home community, our e
Slide 13: We are a Fiber to the Anywhere Company
We are a Fiber to the Anywhere Company Cae acw cael Pees fiver costefectively to two addtional key Wel kets (ur unique single architecture platform not oa ernie som compet tt sable mat voy tothe hoe, bse ce Consistent with our Fiber-to-the-Anywhere approach, our results for the quarter demonstrated
Slide 14: Our View of the Optical Fiber Industry
Our View of the Optical Fiber Industry ‘America Fund (CAF) Phase 1: $108 N- American Homes with Fiber Access! subsides ont sx yes tb broad cy tro cope and opt er Ics ro inderserved subscribers Connected ow + callabort 1 Providers: ony bu to meet broadband oar tse pion went cn ing new te net Teqleret
Slide 15: The Push for Pushable Fiber
The Push for Pushable Fiber + Fleléshield Unique, patent pending fiber detivery ‘ach me ety ce of ar exc rupee dbo he Seger ni eee product adsitions wil give custo pene fexbity anretraton capabiic, jog th much weal xf wneip Previous to FieldShield, service providers have had a limited choice for dro
Slide 16: Fiscal 2016 Key Initiatives
Fiscal 2016 Key Initiatives + Begin field trials with expanded base of Tier 1 and Tier 2 players Over the course of the quarter, we cortbued to execute on the initiatives we laid out in the beginning of the fiscal As we have previously reported, ar. As a ated et salen Ele ate iat “and Tier? levels c
Slide 17: Financial Outlook – Fiscal 2016 & 2017
Financial Outlook ~ Fiscal 2016 & 2017 Revenue Growth Outlook Reve aly 28,2016 + Fiscal 2017: 15%¢ revenue growth Given the strong revenue growth we experienced during the first nine months of fiscal 2016 and our current outlook forthe remainder ef the fiscal year, we believe vei is appropriate to r
Slide 18: Closing and investor questions
CLFD@liolios.com losing, we encourage you to review today's earnings release and filings, and we welcome any questions you may e about our financial performance, operations, products or industry. Please send your inquiries to prt jolios.com. We will post the most relevant questions and answers in th