ClearOne

ClearOne designs, develops and sells conferencing, collaboration, network streaming and digital signage solutions for audio/voice and visual communications. The Company provides a comprehensive line of high-quality conferencing products for personal use, as well as traditional tabletop, mid-tier premium, and higher-end professional products for large, medium and small businesses. ClearOne's products are used by large businesses and organizations such as enterprise, healthcare, education and distance learning, government, legal and finance.

Company Growth (employees)
Type
Public
HQ
Salt Lake City, US
Founded
1983
Size (employees)
151 (est)-8%
ClearOne was founded in 1983 and is headquartered in Salt Lake City, US

ClearOne Office Locations

ClearOne has an office in Salt Lake City
Salt Lake City, US (HQ)
500 5225 Wiley Post Way

ClearOne Data and Metrics

ClearOne Financial Metrics

ClearOne's revenue was reported to be $11.7 m in Q1, 2017
USD

Revenue (Q1, 2017)

11.7 m

Gross profit (Q1, 2017)

6.7 m

Gross profit margin (Q1, 2017), %

57%

Net income (Q1, 2017)

(468 k)

EBIT (Q1, 2017)

(526 k)

Market capitalization (21-Jul-2017)

85.1 m

Cash (31-Mar-2017)

8.6 m
ClearOne's current market capitalization is $85.1 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

49.6 m57.9 m57.8 m48.6 m

Revenue growth, %

17%(0%)(16%)

Cost of goods sold

19.7 m22.6 m21.1 m19.2 m

Gross profit

29.9 m35.3 m36.7 m29.5 m

Gross profit Margin, %

60%61%64%61%

Operating expense total

22.2 m27.3 m26.5 m25.9 m

EBIT

7.6 m8 m10.3 m3.6 m

EBIT margin, %

15%14%18%7%

Pre tax profit

7.8 m8.2 m10.6 m3.9 m

Income tax expense

(2.6 m)(2.6 m)(3.8 m)(1.4 m)

Net Income

5.2 m5.6 m6.8 m2.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

14.1 m15.7 m13.6 m14 m15.9 m13 m12 m12.9 m11.7 m

Cost of goods sold

6 m6.1 m5.1 m5 m5.7 m4.6 m4.3 m5.2 m5 m

Gross profit

8.1 m9.6 m8.5 m9 m10.2 m8.5 m7.7 m7.7 m6.7 m

Gross profit Margin, %

57%61%62%64%64%65%64%59%57%

Sales and marketing expense

3 m2.8 m2.6 m2.8 m2.8 m2.6 m2.7 m2.4 m2.7 m

General and administrative expense

1.6 m1.5 m2 m1.9 m1.8 m1.6 m1.6 m1.7 m2.1 m

Operating expense total

4.6 m4.3 m4.6 m4.6 m4.5 m4.2 m4.2 m4.1 m4.8 m

EBIT

1.1 m3 m1.9 m2.3 m3.5 m2 m1.3 m1.4 m(526 k)

EBIT margin, %

8%19%14%16%22%15%11%11%(5%)

Pre tax profit

1.2 m3.1 m2 m2.4 m3.6 m2 m1.4 m1.5 m(424 k)

Income tax expense

259 k1.5 m731 k863 k1.1 m615 k449 k315 k44 k

Net Income

934 k1.6 m1.3 m2.8 m5.2 m1.4 m955 k1.2 m(468 k)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

17.2 m7.4 m13.4 m12.1 m

Inventories

12.3 m12.8 m13.4 m11.4 m

Current Assets

48.1 m44.8 m46.1 m40.1 m

PP&E

1.8 m2 m1.6 m1.5 m

Goodwill

3.5 m12.7 m12.7 m12.7 m

Total Assets

81.1 m88.9 m93.5 m88.1 m

Accounts Payable

2.7 m3.1 m2.8 m3.5 m

Current Liabilities

8.6 m10.8 m9.6 m9.3 m

Total Liabilities

10.7 m

Additional Paid-in Capital

41.3 m44.9 m46.3 m46.7 m

Retained Earnings

29 m31.1 m36.4 m31 m

Total Equity

70.3 m76 m82.6 m77.4 m

Financial Leverage

1.2 x1.2 x1.1 x1.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

6.3 m8.9 m10.9 m10.9 m12.5 m13.9 m9.5 m12.3 m8.6 m

Inventories

13.9 m14.3 m14.2 m14.5 m12.7 m12 m14.4 m

Current Assets

40.7 m44.3 m47.3 m48.2 m49.5 m46.3 m42.4 m43.6 m40.7 m

PP&E

2.2 m2.1 m1.9 m1.8 m1.5 m1.5 m1.5 m1.4 m1.5 m

Goodwill

12.5 m12.6 m12.7 m12.7 m12.7 m12.7 m12.7 m12.7 m12.7 m

Total Assets

87.1 m89.8 m89.7 m90.8 m93.1 m94.4 m90.3 m91.3 m88.1 m

Accounts Payable

2.6 m2.9 m3.9 m3 m2.5 m4.2 m2.1 m3.6 m4.9 m

Current Liabilities

10.4 m12.3 m11 m10.7 m10.3 m10.5 m9.1 m9.9 m10.8 m

Additional Paid-in Capital

44.5 m44.6 m45.2 m45.5 m45.8 m45.6 m46 m46.5 m46.9 m

Retained Earnings

29.2 m30.1 m32 m33.2 m35.6 m36.9 m33.7 m33.5 m29.1 m

Total Equity

73.9 m74.9 m77.1 m78.7 m81.4 m82.5 m79.8 m80 m75.9 m

Financial Leverage

1.2 x1.2 x1.2 x1.2 x1.1 x1.1 x1.1 x1.1 x1.2 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

5.2 m5.6 m6.8 m2.4 m

Depreciation and Amortization

1.4 m2 m2.1 m1.9 m

Inventories

(998 k)(2.6 m)(2.2 m)1.9 m

Accounts Payable

428 k(84 k)(242 k)733 k

Cash From Operating Activities

(10 m)6.7 m7.6 m7.8 m

Purchases of PP&E

(1 m)(642 k)(359 k)(730 k)

Cash From Investing Activities

(26.5 m)(14.4 m)(648 k)(922 k)

Dividends Paid

(914 k)(1.4 m)(1.8 m)

Cash From Financing Activities

(1.8 m)(913 k)(8.2 m)

Interest Paid

3 k

Income Taxes Paid

18 m3 m3.7 m1.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

934 k1.6 m1.3 m2.8 m5.2 m1.4 m955 k1.2 m(468 k)

Depreciation and Amortization

783 k1.3 m521 k1 m1.6 m483 k

Inventories

(749 k)(1.1 m)(806 k)(1.4 m)(1.5 m)(964 k)12.7 m14.4 m

Accounts Payable

(570 k)(298 k)820 k(19 k)(553 k)1.4 m2.1 m3.6 m4.9 m

Cash From Operating Activities

2.8 m5.8 m2.8 m2.9 m6.4 m2.1 m

Purchases of PP&E

(371 k)(496 k)(76 k)(182 k)(98 k)(139 k)

Cash From Investing Activities

(13.9 m)(13.5 m)688 k811 k(983 k)110 k

Dividends Paid

(639 k)(459 k)

Cash From Financing Activities

131 k(593 k)27 k(200 k)(316 k)(1.7 m)

Income Taxes Paid

657 k1.7 m881 k2.3 m2.3 m537 k
USDY, 2017

Revenue/Employee

73.9 k

Financial Leverage

1.2 x

ClearOne Operating Metrics

FY, 2014FY, 2015FY, 2016

Resellers

562461341

    ClearOne Market Value History

    ClearOne Online and Social Media Presence

    ClearOne Company Life and Culture

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