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.

Type
Public
HQ
Salt Lake City, US
Founded
1983
Size (employees)
151 (est)
ClearOne was founded in 1983 and is headquartered in Salt Lake City, US
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Key People/Management at ClearOne

Zee Hakimoglu

Zee Hakimoglu

President, CEO and Chairman
Narsi Narayanan

Narsi Narayanan

Vice President of Finance and Corporate Secretary
Michael Braithwaite

Michael Braithwaite

Senior Vice President of Multimedia Streaming Business

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
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 (14-Jun-2018)

37.4 m

Closing share price (14-Jun-2018)

4.5

Cash (31-Dec-2017)

5.6 m
ClearOne's current market capitalization is $37.4 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

49.6 m57.9 m57.8 m48.6 m41.8 m

Revenue growth, %

17%0%(16%)

Cost of goods sold

19.7 m22.6 m21.1 m19.2 m17.8 m

Gross profit

29.9 m35.3 m36.7 m29.5 m24 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

12.4 m12.7 m14.1 m15.7 m13.6 m14 m15.9 m13 m12 m12.9 m11.7 m10.3 m10.6 m

Cost of goods sold

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

Gross profit

7.4 m7.7 m8.1 m9.6 m8.5 m9 m10.2 m8.5 m7.7 m7.7 m6.7 m6.1 m6.5 m

Gross profit Margin, %

60%61%57%61%62%64%64%65%64%59%57%59%62%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

17.2 m7.4 m13.4 m12.1 m5.6 m

Accounts Receivable

Inventories

12.3 m12.8 m13.4 m11.4 m14.4 m

Current Assets

48.1 m44.8 m46.1 m40.1 m33.9 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

18.2 m7.6 m6.3 m8.9 m10.9 m10.9 m12.5 m13.9 m9.5 m12.3 m8.6 m3.4 m3 m

Inventories

12.4 m12.6 m13.9 m14.3 m14.2 m14.5 m12.7 m12 m14.4 m17.1 m19.7 m

Current Assets

45.9 m44.2 m40.7 m44.3 m47.3 m48.2 m49.5 m46.3 m42.4 m43.6 m40.7 m38.6 m38.3 m

PP&E

2 m2.2 m2.2 m2.1 m1.9 m1.8 m1.5 m1.5 m1.5 m1.4 m1.5 m1.6 m1.6 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

5.2 m5.6 m6.8 m2.4 m(14.2 m)

Depreciation and Amortization

1.4 m2 m2.1 m1.9 m1.5 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 k572 k
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

3.4 m490 k934 k1.6 m1.3 m2.8 m5.2 m1.4 m955 k1.2 m(468 k)

Depreciation and Amortization

979 k319 k783 k1.3 m521 k1 m1.6 m483 k

Inventories

(1.3 m)40 k(749 k)(1.1 m)(806 k)(1.4 m)(1.5 m)(964 k)12.7 m14.4 m

Accounts Payable

1.2 m178 k(570 k)(298 k)820 k(19 k)(553 k)1.4 m2.1 m3.6 m4.9 m
USDY, 2017

Revenue/Employee

268.5 k

Financial Leverage

1.2 x
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ClearOne Operating Metrics

FY, 2014FY, 2015FY, 2016

Resellers

562 461 341
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ClearOne Online and Social Media Presence

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ClearOne News and Updates

ClearOne Reports First Quarter 2018 Financial Results

SALT LAKE CITY, June 13, 2018 /PRNewswire/ -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three months ended March 31, 2018. "Our revenue achievement for the first quarter of 2018 did not meet our...
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