CLRO

ClearOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Tuesday, April 2, 2024
Networks, Hardware, Audio, Video, Consumer Electronics, Technology, Microsoft, Certification, Growth, CLRO, Wireless microphone, BMA, Table, DSPS, Investment, Microsoft Teams, Traction, GAAP, AV, BYOD, Marketing, Feedback, Videotelephony, Hearing, Video game

“Reflecting our sustained focus on optimizing costs, we drove 14% and 21% year-over-year decreases in operating expenses for the fourth quarter and full year, respectively.

Key Points: 
  • “Reflecting our sustained focus on optimizing costs, we drove 14% and 21% year-over-year decreases in operating expenses for the fourth quarter and full year, respectively.
  • Q4 2023 revenue was $4.2 million, compared to $4.0 million in Q4 2022 and $4.9 million in Q3 2023.
  • GAAP gross profit margin was 38% in Q4 2023, compared to 31% in Q4 2022 and 33% in Q3 2023.
  • Operating expenses in Q4 2023 were $3.3 million, compared to $3.9 million in Q4 2022 and $3.1 million in Q3 2023.

ClearOne Announces a Special One-time Cash Dividend

Retrieved on: 
Monday, March 11, 2024
Software, Internet, Audio, Video, Hardware, Consumer Electronics, Technology, Apps, Applications, VoIP, CLRO, Uniform, FINRA, Growth, Holding company

ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has declared a one-time special cash dividend of $0.50 per share of ClearOne common stock, payable on April 10, 2024 to shareholders of record on April 2, 2024.

Key Points: 
  • ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has declared a one-time special cash dividend of $0.50 per share of ClearOne common stock, payable on April 10, 2024 to shareholders of record on April 2, 2024.
  • Because the special cash dividend exceeds twenty-five percent (25%) of the value of the Company’s common stock, in accordance with FINRA UPC (Uniform Practice Code) Rule 11140, a stockholder of the Company that sells shares of the Company’s common stock on or prior to the payment date of April 10, 2024 will not receive the one-time special cash dividend for the Company shares that are sold.
  • “We have decided to share this surplus with our shareholders, who continue to support the Company’s strategy and vision for future growth,” said Derek Graham, Chief Executive Officer of ClearOne.
  • “We believe the company has an achievable plan to return to revenue growth and profitability.”
    Even though this dividend announcement is a special one-time event, the declaration of dividends in the future is subject to the discretion of the ClearOne Board of Directors, which will evaluate the possibility of future dividend distributions from time-to-time based on factors that the Board of Directors deem relevant.

ClearOne Reviews 2023 Operational and Financial Progress, Provides Early 2024 Highlights

Retrieved on: 
Thursday, February 22, 2024
Consumer Electronics, Technology, Audio, Video, Telecommunications, Networks, Hardware, Traction, Growth, AV, Letter, CEDIA, BMA, UNITE, GAAP, Infocommunications, Adapter, CLRO

ClearOne, Inc. (NASDAQ: CLRO) (“ClearOne” or the "Company"), a global provider of audio and visual communication solutions, is providing a review of its 2023 operational and financial progress, along with several recent 2024 highlights.

Key Points: 
  • ClearOne, Inc. (NASDAQ: CLRO) (“ClearOne” or the "Company"), a global provider of audio and visual communication solutions, is providing a review of its 2023 operational and financial progress, along with several recent 2024 highlights.
  • “2023 represented a key transition year for ClearOne,” said Derek Graham, CEO of ClearOne.
  • “I am proud to announce that our outsourced manufacturing transition is now complete as of the fourth quarter of 2023.
  • September 2023: Showcased full range of conferencing, collaboration, and communications solutions at CEDIA 2023, a significant residential technology trade show.

ClearOne to Showcase Conference and Collaboration Solutions for Every Size of Meeting Space at ISE 2024

Retrieved on: 
Thursday, January 25, 2024
Internet, Hardware, Audio, Video, Mobile, Wireless, Technology, Cloud, BYOD, DIALOG, Power over Ethernet, IP, DSP, PTZ, UC, Videotelephony, HDMI, Versa, Multimedia, USB, BMA, AES67, Environment, Euroblock, Acasă, Network management, HDBaseT, AV, Personal computer, Power, Controller, VESA, CEC, CHAT, CLRO, Video game

"Our portfolio of solutions is designed, engineered, and optimized to work together seamlessly and be installed easily.

Key Points: 
  • "Our portfolio of solutions is designed, engineered, and optimized to work together seamlessly and be installed easily.
  • Also being highlighted is the BMA 360D, the newest member of the world’s most advanced beamforming microphone array ceiling tile family.
  • Finally, there’s the Versa® UCS2100 Collaboration Switcher Kit that’s perfect for today’s hybrid, flexible unified communications (UC) meeting spaces.
  • In addition to spotlighting its new product introductions, ClearOne is demonstrating solutions for every application and every size meeting environment.

ClearOne Announces Significant Balance Sheet Improvements

Retrieved on: 
Thursday, December 28, 2023
Technology, Audio, Video, Telecommunications, Software, Networks, Internet, Note, CLRO

ClearOne, Inc. (NASDAQ: CLRO) (“ClearOne” or the "Company"), a global provider of audio and visual communication solutions, announced today that it has meaningfully improved its balance sheet through the paydown of its remaining aggregate debt, the receipt of a significant income tax refund, and the completion of a non-exclusive patent cross-licensing agreement.

Key Points: 
  • ClearOne, Inc. (NASDAQ: CLRO) (“ClearOne” or the "Company"), a global provider of audio and visual communication solutions, announced today that it has meaningfully improved its balance sheet through the paydown of its remaining aggregate debt, the receipt of a significant income tax refund, and the completion of a non-exclusive patent cross-licensing agreement.
  • With the receipt of this refund, ClearOne’s cash and marketable securities balance has increased to over $23.0 million.
  • ClearOne is expected to receive an additional $4.0 million in cash from the agreement in the first quarter of 2024.
  • “We believe that our robust balance sheet provides us a strong financial foundation as we work to capture additional market share, finalize our manufacturing transition, and continue new product rollouts in 2024.”

ClearOne, Inc. Reports Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023
Technology, VoIP, Audio, Video, Telecommunications, Software, Hardware, CEDIA, GAAP, CLRO, Adapter, AV, Computer, BMA, Infocommunications, Table, Investment, Communication, Cryptocurrency, Rare-earth element, Mobile phone, Cassette tape, Bank

ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended September 30, 2023.

Key Points: 
  • ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended September 30, 2023.
  • Q3 2023 revenue was $4.9 million, compared to $6.3 million in Q3 2022 and $5.5 million in Q2 2023.
  • GAAP gross profit in Q3 2023 was $1.6 million, compared to $2.6 million in Q3 2022 and $1.8 million in Q2 2023.
  • GAAP gross profit margin was 33% in Q3 2023, compared to 34% in Q2 2023 and 41% in Q3 2022.

ClearOne to Present at the LD Micro Main Event XVI Conference on October 4, 2023 at 8:30 a.m. PT

Retrieved on: 
Monday, September 25, 2023
CLRO, Conference, Lake City

Salt Lake City, Utah--(Newsfile Corp. - September 25, 2023) - ClearOne, Inc. (NASDAQ: CLRO) ("ClearOne" or the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the LD Micro Main Event XVI Conference, which is being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA from October 3-5, 2023.

Key Points: 
  • Salt Lake City, Utah--(Newsfile Corp. - September 25, 2023) - ClearOne, Inc. (NASDAQ: CLRO) ("ClearOne" or the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the LD Micro Main Event XVI Conference, which is being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA from October 3-5, 2023.
  • The presentation will be available for replay here and via the Events section of the Company's website here .
  • ClearOne management will also participate in one-on-one meetings throughout the conference.
  • To receive additional information, request an invitation or schedule a one-on-one meeting with management, please contact your LD Micro representative or the Company's investor relations team at [email protected] .

ClearOne to Present at the H.C. Wainwright 25th Annual Global Investment Conference on September 11, 2023 at 8:30 a.m. ET

Retrieved on: 
Thursday, September 7, 2023
Apps, Applications, Technology, Telecommunications, Audio, Video, Software, Networks, Hardware, IOT (Internet of Things), VoIP, CLRO, Lotte New York Palace Hotel, Conference, Cryptocurrency

ClearOne, Inc. (NASDAQ: CLRO) (the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference, which is being held from September 11-13, 2023 at the Lotte New York Palace Hotel in New York City.

Key Points: 
  • ClearOne, Inc. (NASDAQ: CLRO) (the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the H.C. Wainwright 25th Annual Global Investment Conference, which is being held from September 11-13, 2023 at the Lotte New York Palace Hotel in New York City.
  • ClearOne management is scheduled to present on Monday, September 11th at 8:30 a.m. Eastern time, with one-on-one meetings to be held throughout the conference.
  • To receive additional information, request an invitation or schedule a one-on-one meeting with ClearOne management, please contact your H.C. Wainwright representative or the Company’s investor relations team at [email protected] .

ClearOne to Present at the Sidoti Micro-Cap Virtual Conference on August 17, 2023 at 2:30 p.m. ET

Retrieved on: 
Tuesday, August 15, 2023
Networks, Internet, Audio, Video, Technology, Telecommunications, CLRO, Conference, Cryptocurrency

ClearOne, Inc. (NASDAQ: CLRO) (the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the upcoming Sidoti Micro-Cap Virtual Conference on Thursday, August 17, at 2:30 p.m. Eastern time.

Key Points: 

ClearOne, Inc. (NASDAQ: CLRO) (the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the upcoming Sidoti Micro-Cap Virtual Conference on Thursday, August 17, at 2:30 p.m. Eastern time.

ClearOne, Inc. Reports Second Quarter 2023 Financial Results

Retrieved on: 
Thursday, August 10, 2023
Technology, VoIP, Audio, Video, Telecommunications, Software, Hardware, Communication, Table, DSP, BMA, Infocommunications, USB, GAAP, CLRO, DSPS, Investment, Orlando, Florida, Bluetooth, Forgiveness, Huddle, Video game, Mobile phone, Bank, Tutoring

ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended June 30, 2023.

Key Points: 
  • ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended June 30, 2023.
  • During the second quarter, we reduced operating expenses both sequentially and year-over-year, and we completed the distribution of our special one-time cash dividend.
  • Q2 2023 revenue was $5.5 million, compared to $7.4 million in Q2 2022 and $4.2 million in Q1 2023.
  • GAAP gross profit in Q2 2023 was $1.8 million, compared to $2.8 million in Q2 2022 and $1.3 million in Q1 2023.