STOCK TITAN

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 Inc. (NASDAQ: CLRO) reported Q3 2022 revenue of $6.3 million, a 10% decline year-over-year attributed to a 59% drop in video products. However, audio conferencing revenue grew by 10%. Non-GAAP operating expenses fell 30% to $3.0 million, leading to a 65% reduction in non-GAAP net loss, which stood at $0.5 million. GAAP net loss was $1.2 million, or $0.05 per share. Cash reserves decreased to $1.5 million from $4.1 million at year-end 2021. The company continues to navigate supply chain challenges due to its manufacturing transition from China to Singapore.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary

ClearOne (NASDAQ: CLRO) has launched the new UNITE® 160 4K camera, designed for large spaces such as conference rooms and classrooms. This advanced camera features 4K UHD resolution, 12x optical zoom, and AI capabilities including smart face tracking and auto framing. The device supports popular virtual meeting platforms like Microsoft Teams and Zoom. Its innovative design simplifies setups by eliminating the need for additional DSP mixers, making it a cost-effective solution for enterprise-grade video communication.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

ClearOne (NASDAQ: CLRO) has launched the UNITE® 60 4K camera, tailored for small meeting environments like huddle rooms and executive offices. This camera boasts a 120-degree field of view, AI-powered smart tracking capabilities, and seamless compatibility with major virtual meeting platforms. The device supports plug-and-play USB 3.0 for easy setup and offers advanced features such as digital PTZ control and excellent performance in varied lighting. This new offering enhances ClearOne's portfolio in professional communications and collaboration solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.51%
Tags
none
Rhea-AI Summary

ClearOne (NASDAQ: CLRO) returns to CEDIA 2022, showcasing innovative home office solutions at Booth #8039. The company emphasizes the significance of work-from-home setups, featuring products like the DIALOG® 10 USB and Aura Versa Mediabar, which enhance audio and video collaboration. The Aura Xceed BMA beamforming microphone array is also highlighted for its superior performance. ClearOne aims to connect with integrators and address the growing demand for high-quality, easy-to-install conferencing solutions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.67%
Tags
none
-
Rhea-AI Summary

ClearOne (NASDAQ: CLRO) is returning to InfoComm India 2022, showcasing its advanced conferencing and collaboration solutions. The event will take place from September 5-7 at Booth F65 in Mumbai. Among the featured products is the award-winning BMA 360 Beamforming Microphone Array, recognized for its exceptional audio performance. The company aims to connect with integrators to enhance hybrid work environments, emphasizing its commitment to delivering reliable solutions. ClearOne continues to lead in professional audio and video technology for both home offices and commercial settings.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.94%
Tags
none
-
Rhea-AI Summary

ClearOne Inc. (NASDAQ: CLRO) reported Q2 2022 revenue of $7.4 million, a 5% decline from $7.7 million in Q2 2021, attributed mainly to a 31% drop in video product revenue. Despite a 6% uptick in core audio conferencing products, gross profit fell to $2.8 million, with a margin of 38.1%. Operating expenses decreased by 14% year-over-year to $4.5 million. The GAAP net loss improved to $0.3 million or $0.01 per share, driven by a $1.5 million gain from a loan forgiveness. Cash reserves decreased significantly to $1.2 million compared to $4.1 million at year-end 2021.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.82%
Tags
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
-
Rhea-AI Summary

ClearOne has partnered with PPDS to launch a new 155-square-meter showroom in Munich, Germany, displaying advanced audiovisual technologies. This space showcases full-room solutions utilizing Philips displays and ClearOne's collaboration systems. The showroom, which emphasizes hands-on experiences, is designed for integrators and end-users to explore technologies for a variety of settings, including conference and meeting rooms. Officially opened in mid-April 2022, it aims to enhance business collaboration capabilities.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
News
Rhea-AI Summary

ClearOne, Inc. (NASDAQ: CLRO) has announced the termination of its CEO, Zee Hakimoglu, and appointed Derek Graham as interim CEO. Graham, who has been with the company since 2003, is set to lead the firm through current challenges, leveraging his extensive experience in product development and innovation. The existing management team remains in place to support the transition. This leadership change aims to energize employees and strengthen partner relationships, fostering trust and collaboration moving forward.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.92%
Tags
none

FAQ

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

The current stock price of ClearOne (DE) (CLRO) is $0.495 as of November 22, 2024.

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

The market cap of ClearOne (DE) (CLRO) is approximately 12.2M.

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

12.19M
12.36M
48.42%
5.81%
0.06%
Communication Equipment
Telephone & Telegraph Apparatus
Link
United States of America
SALT LAKE CITY