ClearOne

Communications Technology audio communication equipment streaming video conference

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.

Revenue(FY, 2017)

$41.8 M

Market capitalization(2018-04-23)

$58.3 M

Type

Public

Salt Lake City, US

Founded

1983

Size (employees)

151 (est)

Website

clearone.com

ClearOne was founded in 1983 and is headquartered in Salt Lake City, US

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Key People/Management at ClearOne

Zee Hakimoglu

President, CEO and Chairman

Narsi Narayanan

Vice President of Finance and Corporate Secretary

Michael Braithwaite

Senior Vice President of Multimedia Streaming Business

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ClearOne Office Locations

ClearOne has an office in Salt Lake City

Salt Lake City, US (HQ)

500 5225 Wiley Post Way

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ClearOne Financials and Metrics

ClearOne Financials

ClearOne's revenue was reported to be $41.80 m in FY, 2017

Summary

USD
Revenue (FY, 2017)	41.8 m
Gross profit (FY, 2017)	24 m
Gross profit margin (FY, 2017), %	57.4%
Net income (FY, 2017)	(14.2 m)
EBIT (FY, 2017)	(16.2 m)
Market capitalization (23-Apr-2018)	58.3 m
Cash (31-Dec-2017)	5.6 m

ClearOne's current market capitalization is $58.3 m.

Income Statement

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Revenue	49.6 m	57.9 m	57.8 m	48.6 m	41.8 m
Revenue growth, %		17%	0%	(16%)
Cost of goods sold	19.7 m	22.6 m	21.1 m	19.2 m	17.8 m
Gross profit	29.9 m	35.3 m	36.7 m	29.5 m	24 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Revenue	12.4 m	12.7 m	14.1 m	15.7 m	13.6 m	14 m	15.9 m	13 m	12 m	12.9 m	11.7 m	10.3 m	10.6 m
Cost of goods sold	4.9 m	5 m	6 m	6.1 m	5.1 m	5 m	5.7 m	4.6 m	4.3 m	5.2 m	5 m	4.2 m	4.1 m
Gross profit	7.4 m	7.7 m	8.1 m	9.6 m	8.5 m	9 m	10.2 m	8.5 m	7.7 m	7.7 m	6.7 m	6.1 m	6.5 m
Gross profit Margin, %	60%	61%	57%	61%	62%	64%	64%	65%	64%	59%	57%	59%	62%

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Balance Sheet

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Cash	17.2 m	7.4 m	13.4 m	12.1 m	5.6 m
Accounts Receivable
Inventories	12.3 m	12.8 m	13.4 m	11.4 m	14.4 m
Current Assets	48.1 m	44.8 m	46.1 m	40.1 m	33.9 m

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017	Q2, 2017	Q3, 2017
Cash	18.2 m	7.6 m	6.3 m	8.9 m	10.9 m	10.9 m	12.5 m	13.9 m	9.5 m	12.3 m	8.6 m	3.4 m	3 m
Inventories	12.4 m	12.6 m			13.9 m	14.3 m	14.2 m	14.5 m	12.7 m	12 m	14.4 m	17.1 m	19.7 m
Current Assets	45.9 m	44.2 m	40.7 m	44.3 m	47.3 m	48.2 m	49.5 m	46.3 m	42.4 m	43.6 m	40.7 m	38.6 m	38.3 m
PP&E	2 m	2.2 m	2.2 m	2.1 m	1.9 m	1.8 m	1.5 m	1.5 m	1.5 m	1.4 m	1.5 m	1.6 m	1.6 m

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Cash Flow

Annual

USD	FY, 2013	FY, 2014	FY, 2015	FY, 2016	FY, 2017
Net Income	5.2 m	5.6 m	6.8 m	2.4 m	(14.2 m)
Depreciation and Amortization	1.4 m	2 m	2.1 m	1.9 m	1.5 m
Inventories	(998 k)	(2.6 m)	(2.2 m)	1.9 m	(10.8 m)
Accounts Payable	428 k	(84 k)	(242 k)	733 k	572 k

Quarterly

USD	Q3, 2013	Q1, 2014	Q2, 2014	Q3, 2014	Q1, 2015	Q2, 2015	Q3, 2015	Q1, 2016	Q2, 2016	Q3, 2016	Q1, 2017
Net Income	3.4 m	490 k	934 k	1.6 m	1.3 m	2.8 m	5.2 m	1.4 m	955 k	1.2 m	(468 k)
Depreciation and Amortization	979 k	319 k	783 k	1.3 m	521 k	1 m	1.6 m	483 k
Inventories	(1.3 m)	40 k	(749 k)	(1.1 m)	(806 k)	(1.4 m)	(1.5 m)	(964 k)	12.7 m		14.4 m
Accounts Payable	1.2 m	178 k	(570 k)	(298 k)	820 k	(19 k)	(553 k)	1.4 m	2.1 m	3.6 m	4.9 m