Clearfield Inc. announced unaudited earnings results for the fourth quarter and fiscal year ended September 30, 2009. The company reported net income of $3,785,000 or $0.31 per diluted share for fiscal year 2009 compared to $1,514,000 or $0.13 per diluted share for fiscal 2008. Revenue for fiscal year 2009 was $24,945,000 in comparison to $23,494 000 for fiscal year 2008, an increase of 6%. Fiscal year 2009 revenue and income from operations reflect the company's second consecutive year of growth and profitability resulting from increasing acceptance of the Clearview Cassette and the associated FieldSmart fiber management platform. Income from operations was $1,211,381 against $996,901 a year ago. Income before income taxes was $1,412,437 against $1,310,124 a year ago. Net income from continuing operations was $3,784,909 or $0.32 per share against $1,216,821 or $0.10 per share a year ago. Revenue for the fourth quarter of fiscal 2009 was $6,619,000 an 8% reduction from $7,188,000 for the fourth quarter of fiscal 2008. Income from operations was $332,000 compared to $715,000 for the same period for the prior year. The decline in revenue for the quarter was primarily attributable to the slowdown in demand from customers purchasing contract manufacturing services from the company. Income before income taxes was $377,788 against $777,015 a year ago. Net income from continuing operations was $2,849,353 or $0.24 per share against $754,660 or $0.06 per share a year ago.

Clearfield Inc. products and services have been selected by Garden Valley Telephone Company for a fiber-to-the-home (FTTH) deployment in northwestern Minnesota. Based in Erskine, Minn., Garden Valley Telephone Company (GVTEL) is one of the largest telephone cooperatives in the state, serving 24 exchanges. The new deployment will encompass almost 500 route miles in and around Erskine, McIntosh, Winger Gatzke, and St. Hilaire, Minnesota. The project will bring the newest broadband services to a sparsely populated, large geographical area, according to Facilities Manager Randy Versdahl, who has been with GVTEL for 32 years. The topography of the GVTEL market area makes cost effective broadband deployment a challenge. The modularity of the FieldSmart platform allows customers like GVTEL to reduce costs by configuring fiber management to the unique needs of their rural environment.

Clearfield, Inc. announced the addition of the FieldSmart Crossover Fiber Distribution System (FxDS), a custom-configured system of fiber management components that reduces the cost of fiber deployment while maximizing ease of use and system density. Centered around Clearfield's Clearview Cassette, which provides fully integrated fiber management within a 12-port footprint, the FieldSmart FxDS provides a modular and scalable solution, requiring only four SKUs to support hundreds of configurations. Users get the ultimate in fiber protection, where it is needed, without the added cost of unnecessary components. Scalable from 12 to 1,728 ports across the network, the FxDS supports any application, anywhere. The modular approach of the FxDS, which following the Clearview Cassette principles of fiber management, brings flexibility to network design. Fiber protection elements are added or removed depending on the network environment and the configuration desired. The FxDS is currently shipping.