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Clearfield Reports Fiscal First Quarter 2021 Results
40% Increase in Revenue, driven by 71% Growth in Community Broadband Revenue and 30% Growth in MSO Revenue, Compared to the Same Year-ago Quarter
Net Income Increased 531% to $3.2 Million, or $0.23 per diluted share, an Improvement from $0.5 Million, or $0.04 per diluted share, in the Same Year-ago Quarter
Continued Execution on Operational Effectiveness Initiatives and Favorable Product Mix Produces 42.0% Quarterly Gross Profit Margin
Company Backlog Increased 55% to $8.9 Million at Quarter End Compared to the Same Year-ago Quarter End
MINNEAPOLIS, Jan. 28, 2021 (GLOBE NEWSWIRE)
Clearfield, Inc.
(NASDAQ: CLFD), the specialist in fiber management for communication service providers, reported results for the fiscal first quarter ended December 31, 2020. ....

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