FAQ

Clearfield’s history, and journey to the company it is today, began in the late 1980’s with the launch of APA Optics which through its IPO and subsequent public offerings as APA Enterprises acquired the fiber connectivity operations of Americable and Computer System Products in 2003. It was in 2007 that APA Enterprises changed course and redefined itself with a new vision – jettisoning its legacy operations and developing products that not only fulfilled the needs called for by the broadband service providers, but surpassing those needs with cost and labor saving innovations. Rebranding the company as “Clearfield” at the start of 2008 came on the heels of developing the “game changing” Clearview® Cassette.

200+

NASDAQ: CLFD

September 30th

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Phone: 800-401-1957
Corporate Website: www.shareowneronline.com

Deloitte & Touche LLP

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In regard to revenue generated by individual customers, we do not disclose that information. We are required to disclose if revenue from a particular customer is more than 10% of our total revenue, which we do on a quarterly basis. In recent quarters, our 10% customers have represented distributors that purchase in aggregate for smaller service provider customers.

Our sales efforts outside of the U.S. are North American based – principally Canada, the Caribbean islands and some emerging business with Mexico. There are also opportunities to extend into Central and South America. We do not have efforts underway to extend our sales efforts beyond these regions as both the costs of those developments and the barriers to entry outweigh the potential benefit at this time.

Yes. Performance-based compensation is core to Clearfield’s culture. Since our inception, we have worked diligently to align the objectives of our growth with all of our stakeholders – customers, shareholders and employees. As such, stock options and grants have been a core element of our compensation programs. The increase in the number of shares over recent years is consistent with the vesting of these stock awards. The number of these shares is consistent with industry norms.

There have been no new issuances of stock on the open market.

In regard to significant customers, it is rare among broadband deployments for a contract to be awarded to a supplier. Currently, Clearfield does not have any contracts for on-going business, but instead, works with all customers on a purchase order basis.