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CLRO ClearOne

ClearOne, Inc. engages in the design, development, and sale of conferencing, collaboration, and network streaming solutions for voice and visual communications. Its products include professional audio conferencing, speakerphones, professional microphones, and video collaboration. The company was founded in 1983 and is headquartered in Salt Lake City, UT.

Company profile

Ticker
CLRO
Exchange
NASDAQ
Website
www.clearone.com
CEO
Zeynep B. Hakimoglu
Employees
Incorporated
Delaware
Location
Utah
Fiscal year end
Dec 31
Sector
Manufacturing > Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Industry (SIC)
Telephone & Telegraph Apparatus
CIENA • Netgear • Plantronics • Adtran • Infinera • Fabrinet • Audiocodes • Communications Systems • DZS • Sonim ...
Former names
CLEARONE COMMUNICATIONS INC, GENTNER COMMUNICATIONS CORP
SEC CIK
0000840715
Corporate docs
IRS number
870398877

CLRO stock data

(
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News

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12 Information Technology Stocks Moving In Tuesday's Pre-Market Session
6 Apr 21
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5 Apr 21
Gainers Daqo New Energy (NYSE:DQ) stock moved upwards by 3.54% to $72.58 during Monday's after-market session. Daqo New Energy's trading volume hit 65.9K shares by close, accounting for 2.27% of its average volume over the last 100 days. The company's market cap stands at $5.0 billion.
12 Information Technology Stocks Moving In Monday's Intraday Session
5 Apr 21
12 Information Technology Stocks Moving In Monday's Pre-Market Session
5 Apr 21
12 Information Technology Stocks Moving In Thursday's Intraday Session
1 Apr 21

Press releases

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Thinking about buying stock in Genius Brands, Liquid Media, Clearone, BlackBerry, or Zomedica?
31 Mar 21
NEW YORK, March 31, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for GNUS, YVR, CLRO, BB, and ZOM.
ClearOne Reports Fourth Quarter 2020 Financial Results
30 Mar 21
SALT LAKE CITY, March 30, 2021 /PRNewswire/ -- ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and twelve- month periods ended December 31,
ClearOne Reports Fourth Quarter 2020 Financial Results
30 Mar 21
Q4 year-over-year overall revenue up by 35%Q4 year-over-year video revenue up by 241%, microphones up by 17%Net income dramatically increases for full year 2020 driven by one-time income tax refund of $7.1 million SALT
Addition of Voice Lift Technology Further Enhances Performance Capabilities of ClearOne's BMA 360 Beamforming Microphone Array
29 Mar 21
Olympic Gold Medalist and Broadcaster Rowdy Gaines Upgrades to ClearOne Aura System for Pro-Grade Video Appearances
17 Mar 21

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

31 Mar 21
11 Apr 21
31 Dec 21

Financial summary

Financial statements Chart CLRO financial data
Quarter (USD)
 Dec 20 Sep 20 Jun 20 Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from ClearOne earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.8M 3.8M 3.8M 3.8M 3.8M 3.8M
Cash burn (monthly) 593.33K 21.75K 272.33K 463.92K 224.33K 81.83K
Cash used (since last report) 2M 73.36K 918.53K 1.56M 756.63K 276.01K
Cash remaining 1.8M 3.73M 2.88M 2.24M 3.05M 3.53M
Runway (months of cash) 3.0 171.5 10.6 4.8 13.6 43.1

Beta Read what these cash burn values mean

Recent insider trades

CLRO insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.3995 5,000 12K 8,348,357
16 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.39 1,000 2.39K 8,343,357
16 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.38 19 45.22 8,342,357
16 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.35 1 2.35 8,342,338
15 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.42 1,515 3.67K 8,342,337
15 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.4301 1,000 2.43K 8,340,822
14 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.5 5,000 12.5K 8,339,822
14 Dec 20 Bagley Edward D Common Stock Buy Aquire P No No 2.45 5,000 12.25K 8,334,822
14 Dec 20 Hakimoglu Zeynep Stock Option Common Stock Grant Aquire A No No 2.5 50,000 125K 50,000
14 Dec 20 Narasimhan Narayanan Stock Option Common Stock Grant Aquire A No No 2.5 30,000 75K 30,000
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

CLRO institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

6.4% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 14 14 –
Opened positions 6 3 +100.0%
Closed positions 6 2 +200.0%
Increased positions 4 2 +100.0%
Reduced positions 2 2 –
13F shares
 Current Prev Q Change
Total value 2.72M 3.03M -10.1%
Total shares 1.2M 1.32M -9.4%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners
 Shares Value Change
Renaissance Technologies 468.66K $1.06M +29.3%
Vanguard 349.63K $794K -1.1%
Essex Investment Management 121.28K $275K NEW
Geode Capital Management 113.06K $256K +4.9%
Dimensional Fund Advisors 59.75K $136K +5.7%
VIRT Virtu Financial 25.46K $58K NEW
Citadel Advisors 16.87K $38K NEW
Millennium Management 16.21K $37K NEW
Tower Research Capital 11.75K $27K +10885.0%
BLK Blackrock 8.52K $19K 0.0%
Largest transactions
 Shares Bought/sold Change
Armistice Capital 0 -350K EXIT
Essex Investment Management 121.28K +121.28K NEW
Renaissance Technologies 468.66K +106.23K +29.3%
California Public Employees Retirement System 0 -50.6K EXIT
VIRT Virtu Financial 25.46K +25.46K NEW
HRT Financial 0 -18.8K EXIT
Citadel Advisors 16.87K +16.87K NEW
Millennium Management 16.21K +16.21K NEW
Tower Research Capital 11.75K +11.65K +10885.0%
WFC Wells Fargo & Co. 40 -7.99K -99.5%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Plantronics • Avaya • Zte • Barco • Fuze
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: abundance, accuse, accusing, aesthetic, Aid, allegedly, annum, audioconferencing, Aura, auto, Automatic, automatically, Bank, batch, breakthrough, Burke, BUSINESSWith, candor, caution, certificate, certification, CFO, Chancery, Chrome, click, consent, contact, convincing, covid, customary, dashboard, daughter, dB, default, deployment, depth, dial, disallowing, disbursement, discourage, dispute, doctrine, download, downloading, dozen, DsBeam, duty, earlier, elegant, encrypted, enjoy, Ethernet, expiry, FACTORSSuch, FiBeam, fidelity, fiduciary, filter, filtering, Firefox, firmware, flush, forgiven, forum, geared, GOVERNANCEThe, heart, Higley, home, IBM, inapplicable, indispensable, invariant, irreparable, judge, judgement, judicial, jumped, language, LDAP, lengthy, lifetime, Lisa, LLP, loan, Magistrate, match, MBA, Mozilla, multiparty, Nominating, notwithstanding, onboard, opined, Overture, owed, pad, paired, Paper, password, Paycheck, Poly, popular, port, portal, postponement, PPP, prepaid, prepayment, Prescott, proceeding, PSTN, pushing, Racker, ratio, refrain, rejection, resolve, RESTful, restore, restraining, richer, RTC, Safari, Samsung, seating, segregate, segregation, shape, sharply, sidelobe, sixteen, slight, slim, Smith, theater, Title, topology, tracking, treble, ultra, unequaled, uniform, unlimited, unparalleled, unpatentable, vaccination, viewer, visit, VividVoice, warrant, Webcam, wideband, window, Wisen, withheld
Removed: AMX, attributed, commenced, defendant, Department, disposal, examined, fact, Flash, fuel, furniture, GN, goodwill, Goopie, governance, guidance, Hong, initially, Inland, IRD, IRS, Kong, migration, modified, Netcom, Polycom, positioned, privilege, pronounced, region, retrospective, royalty, selective, signage, sooner, step, suggesting, sum, sustained, taxing, terminated
From filing 10-K 2020 FY

Financial reports

View all
10-K
2020 FY
Annual report
31 Mar 21
10-Q
2020 Q3
Quarterly report
16 Nov 20
10-Q
2020 Q2
Quarterly report
13 Aug 20
10-Q
2020 Q1
Quarterly report
20 May 20
NT 10-Q
Notice of late quarterly filing
15 May 20
10-K
2019 FY
Annual report
30 Mar 20
10-Q
2019 Q3
Quarterly report
14 Nov 19
10-Q
2019 Q2
Quarterly report
13 Aug 19
10-Q
2019 Q1
Quarterly report
17 May 19
NT 10-Q
Notice of late quarterly filing
16 May 19

Current reports

View all
8-K
ClearOne Reports Fourth Quarter 2020 Financial Results
30 Mar 21
8-K
Submission of Matters to a Vote of Security Holders
5 Jan 21
8-K
Other Events
30 Dec 20
8-K
ClearOne Reports Third Quarter 2020 Financial Results
16 Nov 20
8-K
ClearOne, Inc. Announces $5.3 Million Registered Direct Offering Priced At-the-Market under Nasdaq Rules
14 Sep 20
8-K
Court Holds Shure in Contempt of Preliminary Injunction Order
2 Sep 20
8-K
Other Events
25 Aug 20
8-K
ClearOne Reports Second Quarter 2020 Financial Results
14 Aug 20
8-K
Departure of Directors or Certain Officers
22 Jul 20
8-K
ClearOne Reports First Quarter 2020 Financial Results
20 May 20

Registration and prospectus

View all
S-1
IPO registration
15 Oct 20
D
$2.57M in options / securities to be acquired, sold $2.57M, 4 investors
30 Sep 20
424B5
Prospectus supplement for primary offering
15 Sep 20
S-3
Shelf registration
25 Aug 20
S-3/A
Shelf registration (amended)
26 Jun 20
S-3/A
Shelf registration (amended)
1 Jun 20
S-3
Shelf registration
7 May 20
D
$3M in debt / options, sold $3M, 1 investor
2 Jan 20
424B3
Prospectus supplement
14 Nov 18
424B1
Prospectus with pricing info
5 Nov 18

Proxies

View all
DEF 14A
Definitive proxy
7 Dec 20
DEF 14A
Definitive proxy
10 Dec 19
DEF 14A
Definitive proxy
24 Sep 18
PRE 14A
Preliminary proxy
11 Sep 18
DEF 14A
Definitive proxy
4 Apr 17
DEF 14A
Definitive proxy
28 Apr 16
DEF 14A
Definitive proxy
30 Jun 15
DEFA14A
Additional proxy soliciting materials
13 Nov 14
DEF 14A
Definitive proxy
11 Nov 14
DEFA14A
Additional proxy soliciting materials
18 Nov 13

Other

View all
EFFECT
Notice of effectiveness
26 Oct 20
CORRESP
Correspondence with SEC
19 Oct 20
UPLOAD
Letter from SEC
19 Oct 20
EFFECT
Notice of effectiveness
2 Sep 20
CORRESP
Correspondence with SEC
27 Aug 20
UPLOAD
Letter from SEC
27 Aug 20
EFFECT
Notice of effectiveness
10 Jul 20
CORRESP
Correspondence with SEC
6 Jul 20
CORRESP
Correspondence with SEC
25 Jun 20
UPLOAD
Letter from SEC
8 Jun 20

Ownership

View all
4
CLEARONE / Narasimhan Narayanan ownership change
16 Dec 20
4
CLEARONE / ZEYNEP HAKIMOGLU ownership change
16 Dec 20
4
CLEARONE / EDWARD D BAGLEY ownership change
16 Dec 20
4
CLEARONE / Narasimhan Narayanan ownership change
11 Dec 20
4
CLEARONE / EDWARD D BAGLEY ownership change
11 Dec 20
4
CLEARONE / Bruce Whaley ownership change
8 Dec 20
4
CLEARONE / EDWARD D BAGLEY ownership change
8 Dec 20
4
CLEARONE / EDWARD D BAGLEY ownership change
2 Dec 20
4
CLEARONE / LARRY HENDRICKS ownership change
25 Nov 20
4
CLEARONE / EDWARD D BAGLEY ownership change
24 Nov 20

Patents

GRANT
Utility
Ceiling tile microphone
27 Jul 20
This disclosure describes an apparatus and method of an embodiment of an invention that is a ceiling tile microphone.
APP
Utility
System for Transmitting Power to a Remote PoE Subsystem by forwarding PD Input Voltage
22 Jul 20
The present disclosure describes a system 400 for transmitting power to a remote Power over Ethernet (PoE) subsystem by forwarding Powered Device (PD) input voltage where the subsystem includes a PD and a Power Sourcing Equipment (PSE) device.
GRANT
Utility
System for transmitting power to a remote PoE subsystem by forwarding PD input voltage
13 Apr 20
The present disclosure describes a system 400 for transmitting power to a remote Power over Ethernet (PoE) subsystem by forwarding Powered Device (PD) input voltage where the subsystem includes a PD and a Power Sourcing Equipment (PSE) device.
APP
Utility
Band-limited Beamforming Microphone Array with Acoustic Echo Cancellation
4 Dec 19
This disclosure describes an apparatus and method of an embodiment of an invention that is a band-limited beamforming microphone array with acoustic echo cancellation that includes: a plurality of first microphones configured as a beamforming microphone array to resolve first audio input signals within a first frequency range, the beamforming microphone array includes acoustic echo cancellation; one or more additional microphone(s) configured to resolve second audio input signals within a restricted second frequency range such that the additional microphone(s) are coupled to the beamforming microphone array; augmented beamforming that processes audio signals from the beamforming microphone array and the additional microphone(s).

Transcripts

2017 Q3
Earnings call transcript
11 Nov 17

Reddit threads

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