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Clearone Inc  (CLRO)
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EARNINGS REPORT by CSIMarket

Slipped into Red, Sales Faded


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Clearone Inc announced forth quarter 2016 operating loss of $-1.15 millions



Declining demand caused increase in losses for the forth quarter 2016, company's loss per share grew to $-0.12 from $0.16 where Sales fell by -24.88 % to $11 millions from $14 millions a year ago.

In contrast to the third quarter 2016 Sales fell by -16.87 % from $13 millions and eps fell from $0.13 per share.

For the forth quarter 2016 Clearone Inc logged net loss of $-1 million, instead of net income of $2 millions achieved in the same quarter a year before.
Looking into financial results for the fiscal year 2016, Clearone Inc reported Sales of $49 millions and net income of $2 millions.

Communications Equipment Company explained also, that Income per share faded by -63.38 % to $0.26 per share from $0.71 in the previous fiscal year, while Sales fell by -15.85 % from $58 millions a year ago.
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