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Clearone Inc  (CLRO)
Other Ticker:  
 
    Sector  Technology    Industry Consumer Electronics
   Industry Consumer Electronics
   Sector  Technology
 
Price: $0.5715 $0.00 0.088%
Day's High: $0.6 Week Perf: -3.14 %
Day's Low: $ 0.57 30 Day Perf: -4.75 %
Volume (M): 45 52 Wk High: $ 2.48
Volume (M$): $ 26 52 Wk Avg: $0.87
Open: $0.57 52 Wk Low: $0.53



 Market Capitalization (Millions $) 14
 Shares Outstanding (Millions) 24
 Employees 151
 Revenues (TTM) (Millions $) 14
 Net Income (TTM) (Millions $) -3
 Cash Flow (TTM) (Millions $) -13
 Capital Exp. (TTM) (Millions $) 0

Clearone Inc

ClearOne was formed as a Utah corporation in 1983 organized under the laws of the State of Utah. The Company is headquartered in Salt Lake City, Utah, with locations in Gainesville, Florida; Austin, Texas; Corvallis, Oregon; Hong Kong; India, Israel, Spain and United Arab Emirates.

We are a global company that designs, develops and sells conferencing, collaboration and network streaming solutions for voice and visual communications. The performance and simplicity of our advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability.

We design, develop, market, and service a comprehensive line of high-quality conferencing and collaboration products for personal use, as well as traditional tabletop, mid-tier premium and higher-end professional products for large, medium and small businesses. We occupy the number one global market share position, with more than 50% market share in the professional audio conferencing market for our products used by large businesses and organizations such as enterprise, healthcare, education and distance learning, government, legal and finance. Our solutions save organizations time and money by creating a natural environment for collaboration and communication.

We have an established history of product innovation and plan to continue to apply our expertise in audio, video and network engineering to develop and introduce innovative new products and enhance our existing products. Our end-users range from some of the world’s largest and most prestigious companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers. We sell our commercial products to these end-users primarily through a global network of independent distributors who, in turn, sell our products to dealers, systems integrators and other value-added resellers.



   Company Address: 5225 Wiley Post Way, Suite 500 Salt Lake City 84116 UT
   Company Phone Number: 975-7200   Stock Exchange / Ticker: NASDAQ CLRO


Customers Net Income grew by CLRO's Customers Net Profit Margin grew to

13.55 %

9.89 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
ADBE   -13.24%    
AMZN        0.03% 
AVGO        2.65% 
CSCO        2.42% 
GOOG        3.05% 
TWLO        1.97% 
• View Complete Report
   



Clearone Inc

ClearOne Inc Faces Revenue Decline in First Quarter of 2024 Earnings Season2.

ClearOne Inc, a global provider of audio and visual communication solutions, recently released its financial results for the first quarter of the 2024 earnings season. Unfortunately, weak demand has led to a significant increase in losses for the company. ClearOne's net deficit per share has risen from $-0.03 to $-0.08, and the revenue has fallen by a staggering -24.581%, reaching $3.15 million from $4.18 million compared to the same period last year.
The decrease in revenue is concerning and may be attributed to various factors, such as decreased customer demand or increased competition. This decline in revenue is consistent with the company's previous quarter, where revenue tumbled by -33.171% from $4.72 million. Additionally, the earnings per share fell from $0.11 to a current value of $-0.08 per share.

Clearone Inc

ClearOne Inc Surpasses Industry Growth in Fourth Quarter Earnings Performance

The stock market can be a volatile and unpredictable place, with companies experiencing highs and lows based on various factors. One such company that has recently seen some changes in its earnings is ClearOne Inc. In their Dec 31 2023 report, the company saw a decrease in income by -84.65% to $0.11 per share, despite a significant revenue improvement of 17.259% to $4.72 million. This shift in earnings is noteworthy, as it demonstrates the company's ability to grow its revenue while facing challenges in maintaining profitability.
Comparing ClearOne Inc.'s performance to its peers in the Consumer Electronics industry, it is clear that the company has made significant advancements. While the industry as a whole saw a 4.00% business improvement in the fourth quarter of 2023, ClearOne Inc. outperformed with a revenue increase of 17.259%. This growth is a positive sign for the company's future prospects and indicates that they are on the right track in terms of sales and revenue generation.

Dividend

ClearOne Delivers Generous Special Cash Dividend, Demonstrating Strong Commitment to Shareholder Value

Published Mon, Mar 11 2024 8:45 PM UTC

ClearOne's Generous Special Cash Dividend Highlights Strong Commitment to Shareholders
ClearOne Inc, a leading provider of audio and visual communication solutions, recently announced a special one-time cash dividend of $0.50 per share of ClearOne common stock. This dividend represents a significant payout to shareholders and showcases the company's dedication to providi...

Business Update

ClearOne's Resilience Shines Amid Transition Year: A Promising Path Forward

Published Thu, Feb 22 2024 2:10 PM UTC

ClearOne, a global leader in audio and visual communication solutions, has recently revealed its operational and financial progress for 2023. Following a challenging multi-year litigation process, the company under the leadership of CEO Derek Graham has successfully steered ClearOne towards recovery. This article will outline the key facts and assess their impact on ClearOne...

Business Update

ClearOne Paves the Way for Financial Stability and Market Resilience Amidst Revenue Challenges

Published Thu, Dec 28 2023 2:10 PM UTC

ClearOne Announces Significant Balance Sheet Improvements and Market Challenges for Corporate CustomersClearOne Inc. (NASDAQ: CLRO), a leading global provider of audio and visual communication solutions, has recently taken measures to improve its financial position by paying off its outstanding debt, receiving a substantial income tax refund, and securing a non-exclusive pat...







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