Slide 1: Clearfield: Leader in Fiber Optic Management & Connectivity Solutions
CLEARFIELD Leader in Fiber Optic Management & Connecthity Solutions Hello, this is Cheri Beranek. FletdReport. Before we begin during today's presentation.
Slide 2: Important Cautions Regarding Forward-Looking Statements
Important Cautions Regarding Forward-Looking Statements -ments contin heen ore made pursuot the sf horbor rovsbsof the Prbote ater pany pe without sonfcant downta my on Ce impacto ‘ond eieximen Actor any ete ieieton on cote demand on putin ate ‘ecwenesof dtuterndnewsetog cones dependence ont por mon
Slide 3: Cheri Beranek, President & CEO
Cheri Beranek ‘oa President & CEO Revenue for the year grew to its highest level ever at $75.3 million, which was a 25% increase over the prior year. Both our goes margin ad operating marght experienced sobd expantion, feta the soalaiy se ur business. URimatly, these results led to record net income
Slide 4: Financial Update
Financial Update Dan Herzog Chief Financial Officer Thank you, Cheri.
Slide 5: Annual Financial Performance
Annual Financial Performance Our in the fourth quarter of fiscal 2016 increased 33% to $2 tpilion from $15.8 milion in the same year-ago period, For the full year, revenve incteased 25% toa record $75.3 milion from $60 3 milion in fecal 2018, The kproverent fr both the > quater and full year was dri
Slide 6: Annual Financial Performance
Annual Financial Performance Revenue ros Pri Gross profit for the fiscal fourth quarter of 2016 increased 46% to a record $9.6 milion, or 45.5% of revenue. This compares to $8.6 millon, or 417% of revenue inthe same yea-ago pertod. Forte fullyear of fecal 2076, goss proft ineroased 32% toa record $9
Slide 7: Strategic Investment in Growth: 30% OpEx Model
Strategic Investment in Growth: 30% OpEx Model ur operating expenses for fiscal Q4 were $6.4 million, which was up 41% from the same year-ago quarter. Operating expenses fr fiscal 2016 were $22.1 millon, which was up 24% from the amount we reported in fiscal 2016. Ts increases for both the quarter a
Slide 8: Annual Financial Performance
Annual Financial Performance ir net income for the fiscal fourth quarter increased 95% to $2.7 million, or $0.20 per diluted share, from $1.4 million, or a 10 per diluted share, in the same year-ago quarter. Net income for the full year of fiscal 2016 locreased T1% toa Fd $8.0 million, or $0.59 per
Slide 9: Revenue by Customer Type
Revenue by Customer Type Quarterly Revenu ‘Annual Revenue, S26 saa seam 08M sisem sis SoM feel E E ill - 1 ass mM Sm Look at our revenue for the year by customer type, our Traditional Carrier fomus uss to $68.1 million. As a minder, our Traditional Comin foup is comprised of wien, witless and cal ra
Slide 10: Balance Sheet Supports Growth
Balance Sheet Supports Growth ‘Cosh & Investment Balances ‘Total Debt ° arent Rate Tangbe Book Value oo S74 nly, we isn ed in er 2014. As sre S12 mlfon under the progra portunity arise to benefit our shareholders, not repurchase any shares during the fsa fourth quarter und fer our stock repurchase p
Slide 11: Operational Update and Outlook
Operational Update and Outlook Cheri Beranek President & CEO Thanks, Dan.
Slide 12: Fiscal 2016 Growth Drivers & Market Highlights
Fiscal 2016 Growth Drivers & Market Highlights FY 2016 Revenue Mix FY 2016 Markot Highlights + Traction inthe Tier 1 market from both a niet omer ate and es tive * Continuedstrong growth in core Tier3 wireline and municipality business + Substantial growth in wireless and cable TWousiness 2016. mark
Slide 13: Wireline and Wireless: The Future of Broadband Involves Both
Wireline and Wireless: The Future of Broadband Involves Both + Wireless islesslabor intensive and fasterto e deol thn TH, yt requires scant ier 2 mo -khaul/fronthaul Ss L_—| Ss. + Clearfiele’s fiber management and pathway § products enable wireless sto nipron broedbandin the last mi « »)) + Wireline
Slide 14: Success on Fiscal 2016 Key Initiatives
Success on Fiscal 2016 Key Initiatives onal aes ctor ote Verizon account and 9 an astaceneseerton (elle potactgreobeduri ire a nations sles manage forthe Mesan marke and marketing persone! ‘eperonceat the national cari level teqivedat Ter level sein eld ia wth epandedbas of Tet and Tee players Reeve
Slide 15: Fiscal 2017 Financial Outlook and Initiatives
Fiscal 2017 Financial Outlook and Initiatives Revenue Growth Outlook Revied November 10,2016. + Bxecution of key initiatives positions {for greater market share and higher revenue growth rate mm + Based on current outlookand pipeline: tinued double-digit revenue gr 1d wire * Don grow alongside + Fis
Slide 16: Clearfield, Inc. Contact
CLFD@liolios.com arfield, Inc. Minneapolis, Minnesota rage you to review today’s earnings release and filings, and we welcome any questions you may hae ‘about our financial performance, operations, products or industry. Please send any inquiries you may have to CLFD@liolios.com. We will post the mos