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ClearOne (CLRO)

ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.

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 • Adtran • Plantronics • Infinera • Fabrinet • Westell • Audiocodes • Pineapple Energy • DZS ...
Former names
CLEARONE COMMUNICATIONS INC, GENTNER COMMUNICATIONS CORP
SEC CIK
0000840715
Corporate docs
Subsidiaries
NetStreams, Inc. • NetStreams, LLC. • ClearOne Web Solutions, Inc. • ClearOne Communications Hong Kong Limited • ClearOne Ltd. • ClearOne Innovation India Private Ltd. ...
IRS number
870398877

CLRO stock data

News

From Benzinga Pro
ClearOne Q2 EPS $(0.04) Up From $(0.05) YoY, Sales $7.38B Up From $7.74M YoY
9 Aug 22
ClearOne (NASDAQ:CLRO) reported quarterly losses of $(0.04) per share. This is a 20 percent increase over losses of $(0.05) per share from the same period last year. The company reported $7.38 billion in sales this
ClearOne Q1 EPS $(0.05) Up From $(0.06) YoY, Sales $7.54M Up From $7.04M YoY
19 May 22
ClearOne (NASDAQ:CLRO) reported quarterly losses of $(0.05) per share. This is a 16.67 percent increase over losses of $(0.06) per share from the same period last year. The company reported $7.54 million in sales this

Press releases

From Benzinga Pro
ClearOne, Inc. Reports Second Quarter 2022 Financial Results
9 Aug 22
Overall Q2 revenue declines 5% year-over-year Core audio conferencing solutions post impressive revenue growth Gross Margin increases marginally over Q1. Non-GAAP Operating expenses decrease 14%
ClearOne DIALOG® 10 USB Wins 2022 Sound & Video Contractor Magazine InfoComm Best in Market Award
17 Jun 22
This award marks the DIALOG® 10 USB's fourth win in 2022, reflecting industry-wide excitement about the solutions' innovation. ClearOne (NASDAQ:CLRO) today announced that its DIALOG® 10 USB – the first and
ClearOne DIALOG® 10 USB Named a Winner of Prestigious Commercial Integrator Magazine 2022 BEST Awards
10 Jun 22
The industry's only pro quality single-channel wireless USB microphone system celebrates its third industry accolade. A few short months after winning a 2022 NSCA Excellence in Product Innovation Award and 2022 Top New
PPDS Equips New Munich Showroom with State-of-the-Art ClearOne Collaboration Solutions on Philips Professional Displays
7 Jun 22
ClearOne Announces Change in Leadership
25 May 22

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

12 Aug 22
12 Aug 22
31 Dec 22

Financial summary

Financial statements Chart CLRO financial data
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.2M 1.2M 1.2M 1.2M 1.2M 1.2M
Cash burn (monthly) 73K 73.75K 549.67K 673.75K 549.67K 672.58K
Cash used (since last report) 105.94K 107.03K 797.72K 977.79K 797.72K 976.1K
Cash remaining 1.1M 1.1M 405.28K 225.21K 405.28K 226.9K
Runway (months of cash) 15.0 14.9 0.7 0.3 0.7 0.3

Beta Read what these cash burn values mean

Financial data from ClearOne earnings reports.

My content

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Community content

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Community annotations
So next earnings... 2m less in debt? Not bad
8-K
15 Jan 22

Recent insider trades

CLRO insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
16 Jun 22 ClearOne Common Stock Buy Acquire P No No 0.66 7,500 4.95K 7,810
4 Jan 22 Bagley Edward D Common Stock Buy Acquire P No No 1.3 1,538,461 2M 10,186,917
14 Dec 21 Bagley Edward D Common Stock Buy Acquire P No No 1.35 310 418.5 8,648,456
13 Dec 21 Bagley Edward D Common Stock Buy Acquire P No No 1.375 10,000 13.75K 8,648,146
10 Dec 21 Bagley Edward D Common Stock Buy Acquire P No No 1.35 873 1.18K 8,638,146
6 Dec 21 Bagley Edward D Common Stock Buy Acquire P No No 1.3 5,000 6.5K 8,637,273
6 Dec 21 Bagley Edward D Common Stock Buy Acquire P No No 1.27 5,000 6.35K 8,632,273
Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

CLRO institutional ownership history Ownership history
4.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 8 11 -27.3%
Opened positions 1 2 -50.0%
Closed positions 4 5 -20.0%
Increased positions 1 5 -80.0%
Reduced positions 3 1 +200.0%
13F shares Current Prev Q Change
Total value 897K 2.08M -56.8%
Total shares 983.27K 1.61M -38.9%
Total puts 0 0
Total calls 0 0
Total put/call ratio – – –
Largest owners Shares Value Change
Renaissance Technologies 472.53K $431K -26.4%
Vanguard 349.63K $319K 0.0%
Geode Capital Management 113.06K $103K 0.0%
BLK Blackrock 30.73K $28K -2.9%
Tower Research Capital 9.42K $9K +81.1%
Albion Financial 4K $4K -98.1%
Earnest Partners 3.4K $3K 0.0%
Money Concepts Capital 500 $0 NEW
Proequities 0 $0
Largest transactions Shares Bought/sold Change
Albion Financial 4K -206K -98.1%
Anson Funds Management 0 -185.81K EXIT
Renaissance Technologies 472.53K -169.12K -26.4%
Dimensional Fund Advisors 0 -56.5K EXIT
Citadel Advisors 0 -12.72K EXIT
Tower Research Capital 9.42K +4.22K +81.1%
BLK Blackrock 30.73K -909 -2.9%
Money Concepts Capital 500 +500 NEW
WFC Wells Fargo & Co. 0 -76 EXIT
Vanguard 349.63K 0 0.0%
Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Plantronics • Avaya • Zte • Barco • Fuze • Aver

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: arising, arrival, auto, comprised, Contractor, debut, Derek, economy, Ethernet, experience, fixed, groundbreaking, Infocomm, Japan, leading, Nevada, PoE, publication, recognition, response, selecting, TNT, transmission, winning
Removed: acquisition, apply, attributed, credit, deemed, disease, Hakimoglu, health, impaired, media, network, newly, prepaid, prepayment, President, qualifying, repair, suspending, sustain, travel, Vice, wholly, worldwide, Zeynep
From filing 10-Q 2022 Q2
Financial reports
View all
10-Q
2022 Q2
Quarterly report
12 Aug 22
10-Q
2022 Q1
Quarterly report
19 May 22
NT 10-Q
Notice of late quarterly filing
16 May 22
10-K
2021 FY
Annual report
15 Apr 22
NT 10-K
Notice of late annual filing
1 Apr 22
10-Q
2021 Q3
Quarterly report
12 Nov 21
10-Q
2021 Q2
Quarterly report
10 Aug 21
10-Q
2021 Q1
Quarterly report
13 May 21
10-K
2020 FY
Annual report
31 Mar 21
10-Q
2020 Q3
Quarterly report
16 Nov 20
Current reports
View all
8-K
ClearOne, Inc. Reports Second Quarter 2022 Financial Results
10 Aug 22
8-K
Departure of Directors or Certain Officers
26 May 22
8-K
ClearOne, Inc. Reports First Quarter 2022 Financial Results
19 May 22
8-K
ClearOne Reports Fourth Quarter 2021 Financial Results
18 Apr 22
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
25 Mar 22
8-K
Entry into a Material Definitive Agreement
4 Jan 22
8-K
ClearOne, Inc. Reports Third Quarter 2021 Financial Results
12 Nov 21
8-K
ClearOne, Inc. Announces $10.0 Million Private Placement
13 Sep 21
8-K
Submission of Matters to a Vote of Security Holders
24 Aug 21
8-K
ClearOne Reports Second Quarter 2021 Financial Results
10 Aug 21
Registration and prospectus
View all
S-3
Shelf registration
26 Sep 21
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
Proxies
View all
DEF 14A
Definitive proxy
16 Jul 21
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
Other
View all
EFFECT
Notice of effectiveness
7 Oct 21
CORRESP
Correspondence with SEC
3 Oct 21
UPLOAD
Letter from SEC
30 Sep 21
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
Ownership
View all
4
Change in insider ownership
11 Jul 22
3
Initial statement of insider ownership
11 Jul 22
4
CLEARONE / EDWARD D BAGLEY ownership change
6 Jan 22
4
CLEARONE / EDWARD D BAGLEY ownership change
14 Dec 21
4
CLEARONE / EDWARD D BAGLEY ownership change
8 Dec 21
4
CLEARONE / EDWARD D BAGLEY ownership change
3 Dec 21
4
CLEARONE / EDWARD D BAGLEY ownership change
30 Nov 21
4
CLEARONE / EDWARD D BAGLEY ownership change
22 Nov 21
4
CLEARONE / ZEYNEP HAKIMOGLU ownership change
18 Nov 21
4
CLEARONE / EDWARD D BAGLEY ownership change
17 Nov 21

Patents

View all
Utility
Ceiling tile microphone
5 Apr 22
This disclosure describes a ceiling tile microphone that includes: a plurality of microphones coupled together as a microphone array used for beamforming, the plurality of microphones are positioned at predetermined locations; a single ceiling tile with an outer surface on the front side of the ceiling tile where the outer surface is acoustically transparent, the microphone array combines with the ceiling tile as a single unit, the ceiling tile being mountable in a drop ceiling in place of a ceiling tile included in the drop ceiling; where the ceiling tile microphone further includes beamforming, acoustic echo cancellation, and auto voice tracking; where the ceiling tile microphone is used in a drop ceiling mounting configuration; where the microphone array couples to the back side of the ceiling tile and all or part of the ceiling tile microphone is in the drop space of the drop ceiling.
Utility
Conferencing apparatus
8 Mar 22
This disclosure describes an apparatus and method of an embodiment of an invention that is a conferencing apparatus.
Utility
Ceiling tile beamforming microphone array system
1 Feb 22
This disclosure describes a ceiling tile beamforming microphone array system that includes a plurality of microphones coupled together as a microphone array and used for beamforming processing, the plurality of microphones are positioned at predetermined locations that produce audio signals to be used to form a directional pickup pattern; one or more separate processing devices where one of the separate processing devices further includes beamforming processing; a single ceiling tile with an outer surface on the front side of the ceiling tile where the outer surface is acoustically transparent; where the ceiling tile beamforming microphone array system is used in a drop ceiling mounting configuration, where the microphone array couples to the back side of the ceiling tile and all or part of the ceiling tile beamforming microphone array system is in the drop space of the drop ceiling.
Utility
Band-limited beamforming microphone array with acoustic echo cancellation
1 Feb 22
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).
Utility
System for transmitting power to a remote PoE subsystem by forwarding PD input voltage
30 Nov 21
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.

Transcripts

2017 Q3
Earnings call transcript
11 Nov 17

Reddit threads

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