Latest Financial Results

May 2, 2024 • 4:00 PM EDT

Q2 2024 Quarterly Results

Quarter Ended Mar 31, 2024

Latest Financial Results

$36.9M

Net Sales

$2.8M

Gross Profit

$12.6M

Operating Expenses

$15.5M

Repurchased approximately $15.5 million in shares under Share Repurchase Program.

Latest Annual Filing

For Fiscal Year Ending Sep 30, 2023

For complete information regarding our financials, see our periodic filings

Annual Operating Highlights

$36.9M

Net sales for the second quarter of fiscal 2024 decreased 48.6% to $36.9 million from $71.8 million in the same year-ago quarter.

$5.9M

Net loss for the second quarter of fiscal 2024 totaled $5.9 million, or ($0.40) per diluted share, compared to net income of $10.4 million, or $0.67 per diluted share, in the same year-ago quarter.

As of March 31, 2024 • Q1 2024 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

2008

Founded

>1,200

Customers

16 of 16

Profitable Fiscal Years

400

Employees

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.

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Quarterly Financial Performance

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Gross Profit

(In millions)

Operating Expenses

(In millions)

Investor Contact Information

Company

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

Investor Relations

The Blueshirt Group
Greg McNiff
T: 773-485-7191
clearfield@blueshirtgroup.com

Transfer Agent

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

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