Third Quarter 2023 Earnings Call

August 3, 2023 - 5:00 PM ET

Latest Financial Results


Net Sales


Gross Profit


Operating Expenses


Net Income

Latest Annual Filing

For Fiscal Year Ending Sep 30, 2022

For complete information regarding our financials, see our periodic filings

Annual Operating Highlights


Revenue For Fiscal Fourth Quarter Grew 110% Year-over-Year to Record $95 Million Including an incremental $7 Million Generated by the Acquisition of Nestor Cables


Fiscal 2022 Net Income Totaled $49 Million, or $3.55 per Diluted Share, an Improvement of 143% from $20 Million, or $1.47 per Diluted Share, in Fiscal 2021


Revenue for Fiscal Year 2022 Grew 92% to $271 Million as Compared to Fiscal Year 2021


Backlog Increased 148% to $165 Million at Year End Compared to $66 Million at End of Fiscal 2021

As of Sep. 30, 2022 • Q4 2022 Earnings Release

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Stock Snapshot

A Scalable Fiber Management and Delivery Platform

A Scalable Fiber Management and Delivery Platform

Clearfield, Inc. (NASDAQ: CLFD) designs, manufactures and distributes fiber optic management, protection and delivery products for communications networks. Our “fiber to anywhere” platform serves the unique requirements of leading ILECS, CLECs, MSO/cable TV companies, and the broadband needs of the Utility/Municipality, Enterprise, Data Center and Military markets. Clearfield offers the industry’s only fiber management and delivery platform that scales to align capital equipment expenditure alongside subscriber revenue through a single architecture.

To be an industry leader means knowing the customer’s requirements, and then exceeding them. Clearfield leads the industry by helping service providers reduce the high costs associated with deploying, managing, protecting and scaling a fiber optic network. We do this by bringing customer-focused designs to the marketplace, building simplicity into the design and delivering the lowest total cost of ownership.

Headquartered in Minneapolis, MN, Clearfield deploys millions of fiber ports each year throughout North America and beyond.

Clearfield at a Glance





15 of 15

Profitable Fiscal Years



The Roadmap for 5G

And Where We Get Involved

View Our Products

Phase 1: Building Fiber Rings

5G requires more fibers per cell tower than 4G; carriers and construction companies are responsible for ensuring more fiber rings are built.

Phase 2: Adding Small Cells to Densify Mesh

Densification requires much more fiber when going from 3G to 4G to 5G; carriers and construction companies are also responsible for this phase.

Phase 3: Integrating Active Cabinets Within the Small Cells

Our products help service providers reduce the high costs associated with deploying, managing, protecting and scaling a fiber-optic network.


Quarterly Financial Performance


(In millions)

Gross Profit

(In millions)

Operating Expenses

(In millions)

Net Income

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Investor Contact Information


Clearfield, Inc.
7050 Winnetka Avenue N
Minneapolis, MN 55428

Investor Relations

The Blueshirt Group
Greg McNiff
T: 773-485-7191

Transfer Agent

EQ Shareowner Services
1110 Centre Pointe Curve
Suite 101
Mendota Heights, MN 55120-4100
T: 800-401-1957

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