Clearone Inc (OQ:CLRO)

Sector:  Technology Industry:  Communications & Networking
 
See Regulatory Filings on SEC
Company Contact
Address: SUITE 500, 5225 WILEY POST WAY
SALT LAKE CITY UT 84116
Tel: N/A
Website: https://www.clearone.com
IR: See website
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Key People
Eric L. Robinson
Chairman of the Board
Derek L. Graham
Chief Executive Officer
Jayashree Raghunathan
Interim Chief Financial Officer
Business Overview
ClearOne, Inc. is a global company enabling conferencing, collaboration, and network streaming solutions. The Company designs, develops and sells conferencing, collaboration and network streaming solutions for voice and visual communications. The Company's products are categorized into Audio conferencing, Professional microphones, and Video products. Audio conferencing includes installed DSP based professional audio conferencing, universal serial bus (USB)-based speakerphones and table-top audio conferencing. Professional microphones consist of patented beamforming microphones, ceiling microphones and wireless microphones. Video products include video collaboration and audio-visual networking. Its professional conferencing products include the CONVERGE Pro 2 and CONVERGE Pro 2 SR product lines. Media Collaboration suite of products is led by its comprehensive portfolio of COLLABORATE branded video conferencing and collaboration solutions.
Financial Overview
For the fiscal year ended 31 December 2023, Clearone Inc revenues decreased 26% to $18.7M. Net loss totaled $560K vs. income of $20.6M. Revenues reflect Audio conferencing segment decrease of 29% to $8.4M, Microphones segment decrease of 21% to $7.7M, North and South America segment decrease of 26% to $9M, Europe and Africa segment decrease of 54% to $2.3M.
Employees: 82 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $2.61M as of Dec 31, 2023
Annual revenue (TTM): $18.70M as of Dec 31, 2023
EBITDA (TTM): -$5.83M as of Dec 31, 2023
Net annual income (TTM): -$0.56M as of Dec 31, 2023
Free cash flow (TTM): $54.12M as of Dec 31, 2023
Net Debt Last Fiscal Year: N/A
Shares outstanding: 23,969,148 as of Mar 29, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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