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ClearOne, Inc. (DE) - CLRO STOCK NEWS

Welcome to our dedicated page for ClearOne (DE) news (Ticker: CLRO), a resource for investors and traders seeking the latest updates and insights on ClearOne (DE) stock.

ClearOne, Inc. (DE) Common Stock (symbol: CLRO) is a global leader in designing, developing, and selling innovative solutions for conferencing, collaboration, network streaming, and digital signage. With over 20 years in the business, ClearOne serves a wide range of organizations worldwide, including small enterprises, Fortune 1000 companies, as well as domestic and international governments and educational institutions.

Core Areas of Business:

  • Conferencing: ClearOne dominates the professional conferencing market with over 54% global market share, specializing in audio conferencing technologies. Their advanced solutions offer unparalleled functionality, reliability, and scalability.
  • Collaboration: The company develops products that enhance team collaboration, including DSP mixers, amplifiers, professional cameras, and microphones. These products are designed to meet the needs of various verticals such as education, healthcare, finance, and government.
  • Network Streaming & Signage: ClearOne’s solutions for network streaming and digital signage provide robust performance for voice and visual communications. Their video walls and streaming technologies are widely used due to their reliability and high quality.

Recent Achievements and Financial Condition:

ClearOne continues to innovate, with a broad portfolio of award-winning products benefiting from their leadership in distributed echo cancellation, automatic microphone mixing, and signal processing. The company's financial health is reinforced by its comprehensive product demand across the United States and international markets.

ClearOne sells its commercial products primarily through a network of independent distributors who then offer these products to dealers, systems integrators, and other resellers. This strategic approach helps the company maintain a strong market presence and accessibility to various end-users.

Rhea-AI Summary

ClearOne (NASDAQ: CLRO) announced its Q1 2024 financial results, reporting a 12.8% sequential and 13% year-over-year revenue decline to $3.6 million. This decline was mainly attributed to reduced demand in the audio conferencing category, affecting the USA, Europe, and China. However, microphone revenue increased by 31% year-over-year and 4% sequentially. Revenue from Asia, including India, the Middle East, and Australia, was up 18% year-over-year. Operational expenses decreased by 7.8% year-over-year due to cost optimization measures. GAAP gross profit margin was 32%, down from 38% sequentially but up from 31% year-over-year. GAAP net loss widened to $1.9 million from $0.8 million year-over-year. ClearOne also launched the DIALOG 20 USB wireless microphone system and announced a special cash dividend of $0.50 per share.

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ClearOne (CLRO) reported a decrease in OpEx for Q4 and full year 2023, completed manufacturing transition to Singapore, and announced a special cash dividend. The company focused on driving cost efficiencies, reducing backlog, and improving product output. Despite revenue challenges due to production shortages and lack of Microsoft Teams certification, ClearOne ended 2023 with over $21 million in cash and marketable securities.
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ClearOne (CLRO) declares a one-time special cash dividend of $0.50 per share, exceeding 25% of the stock value, payable on April 10, 2024. Future dividends subject to Board discretion.
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ClearOne, Inc. (CLRO) announces strong financial progress in 2023, with a focus on operational improvements, manufacturing transition completion, and regained Nasdaq compliance. The company enhanced its balance sheet, reduced debt, drove OpEx efficiencies, and achieved major production milestones. ClearOne also launched several new products and exhibited strong industry presence in 2023, with plans for further product rollouts in 2024.
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ClearOne (NASDAQ: CLRO) is returning to ISE 2024 to showcase a wide range of audio conferencing, visual collaboration, BYOD collaboration, professional microphones, network management, and AV networking solutions. The company is launching new products, including the DIALOG® 20 USB Wireless Microphone System and BMA 360D beamforming microphone array ceiling tile. ClearOne aims to highlight its ability to provide solutions for every type and size of meeting environment.
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ClearOne, Inc. (NASDAQ: CLRO) has successfully eliminated its remaining debt with a final $1 million payment on senior secured convertible notes. The company's current cash balance has increased to over $23.1 million, with an additional $4 million expected in Q1 2024. ClearOne also received a significant income tax refund and completed a non-exclusive patent cross-licensing agreement.
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ClearOne (NASDAQ: CLRO) reported financial results for the three-month period ended September 30, 2023. The company saw significant reductions in backlog due to increased production output, and a 3% sequential and 16% year-over-year reduction in operating expenses. However, Q3 2023 revenue was $4.9 million, compared to $6.3 million in Q3 2022, with a 37% decrease in gross profit. The company also received a letter from Nasdaq regarding non-compliance with the minimum bid price requirement.
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ClearOne, Inc. (NASDAQ: CLRO) to present at LD Micro Main Event XVI Conference on October 4, 2023.
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ClearOne, Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference on September 11th.
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FAQ

What is the current stock price of ClearOne (DE) (CLRO)?

The current stock price of ClearOne (DE) (CLRO) is $0.56 as of January 30, 2025.

What is the market cap of ClearOne (DE) (CLRO)?

The market cap of ClearOne (DE) (CLRO) is approximately 13.3M.

What does ClearOne, Inc. specialize in?

ClearOne, Inc. specializes in designing, developing, and selling conferencing, collaboration, network streaming, and digital signage solutions.

How long has ClearOne been in business?

ClearOne has been in business for over 20 years.

Which sectors use ClearOne's products?

ClearOne's products are used in sectors like education, enterprise, government/legal, healthcare, finance, and houses of worship.

What is ClearOne's market share in professional conferencing?

ClearOne holds over 54% of the global market share in professional conferencing.

Who are the typical customers of ClearOne?

ClearOne's customers include small enterprises, Fortune 1000 companies, domestic and international governments, and educational institutions.

What are some of the products offered by ClearOne?

ClearOne offers DSP mixers, amplifiers, video walls, professional cameras, and microphones among other products.

How does ClearOne distribute its products?

ClearOne sells its products through a network of independent distributors who then sell to dealers, systems integrators, and other resellers.

What recent achievements has ClearOne made?

ClearOne continues to innovate with a broad portfolio of award-winning products benefiting from leadership in areas like distributed echo cancellation and automatic microphone mixing.

Where does ClearOne have its business presence?

ClearOne has a business presence across the United States and international markets.

What makes ClearOne's solutions reliable and scalable?

ClearOne's solutions are known for their advanced functionality, reliability, and scalability, making them suitable for various professional applications.
ClearOne, Inc. (DE)

Nasdaq:CLRO

CLRO Rankings

CLRO Stock Data

13.30M
12.36M
48.42%
5.81%
0.06%
Communication Equipment
Telephone & Telegraph Apparatus
Link
United States of America
SALT LAKE CITY