ClearOne

OverviewSuggest Edit

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.

TypePublic
Founded1983
HQSalt Lake City, USMap
Websiteclearone.com
Employee Ratings3.5More
View Jobs (13)

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Latest Updates

Employees (est.) (Dec 2018)130(-13%)
Job Openings13
Revenue (FY, 2018)$28.2 M(-32%)
Share Price (Nov 2019)$1.5 (-15%)

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
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ClearOne Office Locations

ClearOne has an office in Salt Lake City
Salt Lake City, US (HQ)
5225 Wiley Post Way #500
Show all (1)

ClearOne Financials and Metrics

ClearOne Revenue

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ClearOne's revenue was reported to be $28.16 m in FY, 2018
USD

Revenue (Q3, 2019)

6.0m

Gross profit (Q3, 2019)

2.5m

Gross profit margin (Q3, 2019), %

42.3%

Net income (Q3, 2019)

(2.0m)

EBIT (Q3, 2019)

(2.1m)

Market capitalization (15-Nov-2019)

25.1m

Closing stock price (15-Nov-2019)

1.5

Cash (30-Sep-2019)

2.0m
ClearOne's current market capitalization is $25.1 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

46.1m46.4m49.6m57.9m57.8m48.6m41.8m28.2m

Revenue growth, %

17%0%(16%)

Cost of goods sold

18.5m19.1m19.7m22.6m21.1m19.2m17.8m14.8m

Gross profit

27.5m27.3m29.9m35.3m36.7m29.5m24.0m13.4m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Revenue

11.9m11.5m10.2m11.7m11.6m11.3m11.7m12.4m12.7m14.1m15.7m13.6m14.0m15.9m13.0m12.0m12.9m11.7m10.3m10.6m7.3m7.0m6.7m6.3m6.4m6.0m

Cost of goods sold

4.7m4.5m4.0m4.6m4.9m4.3m4.8m4.9m5.0m6.0m6.1m5.1m5.0m5.7m4.6m4.3m5.2m5.0m4.2m4.1m3.2m3.7m3.7m3.6m3.5m3.5m

Gross profit

7.2m7.0m6.1m7.1m6.7m7.0m6.9m7.4m7.7m8.1m9.6m8.5m9.0m10.2m8.5m7.7m7.7m6.7m6.1m6.5m4.1m3.3m3.0m2.7m2.9m2.5m

Gross profit Margin, %

60%61%60%61%58%62%59%60%61%57%61%62%64%64%65%64%59%57%59%62%56%47%45%43%46%42%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

16.7m55.5m17.2m7.4m13.4m12.1m5.6m11.2m

Accounts Receivable

8.5m8.4m9.4m9.9m8.7m7.8m6.8m

Prepaid Expenses

740.0k1.4m2.7m2.1m1.8m1.9m2.2m

Inventories

12.6m10.9m12.3m12.8m13.4m11.4m14.4m13.2m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Cash

12.4m13.1m10.6m10.4m14.3m42.6m32.4m18.2m7.6m6.3m8.9m10.9m10.9m12.5m13.9m9.5m12.3m8.6m3.4m3.0m5.6m4.1m2.5m4.3m2.4m2.0m

Accounts Receivable

8.9m12.2m7.1m7.4m7.7m7.9m8.4m8.4m8.8m10.2m9.7m8.6m8.6m9.3m8.1m9.3m8.5m7.3m7.2m8.1m6.2m5.1m5.2m6.4m6.5m

Prepaid Expenses

699.0k729.0k1.8m1.5m1.4m1.8m1.8m1.7m7.1m2.1m3.3m1.3m2.5m1.4m2.4m2.1m2.2m3.0m3.3m2.2m2.0m2.3m2.5m1.9m1.2m

Inventories

10.2m11.9m14.5m15.1m12.0m11.6m12.3m12.4m12.6m13.2m13.3m13.9m14.3m14.2m14.5m12.7m12.0m14.4m17.1m19.7m14.6m14.4m13.3m12.3m12.3m11.7m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

6.9m26.6m5.2m5.6m6.8m2.4m(14.2m)(16.7m)

Depreciation and Amortization

1.2m1.2m1.4m2.0m2.1m1.9m1.5m1.6m

Inventories

3.1m447.0k(998.0k)(2.6m)(2.2m)1.9m(10.8m)155.0k

Accounts Payable

634.0k(512.0k)428.0k(84.0k)(242.0k)733.0k572.0k(392.0k)
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q3, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019

Net Income

1.3m3.4m453.0k575.0k2.0m731.0k1.8m3.4m490.0k1.4m3.1m1.3m2.8m5.2m1.4m2.3m3.5m(468.0k)(1.3m)(10.6m)(1.8m)(4.0m)(14.2m)(2.3m)(4.4m)(6.4m)

Depreciation and Amortization

337.0k1.2m143.0k261.0k979.0k319.0k783.0k1.3m521.0k1.0m1.6m483.0k947.0k1.4m402.0k779.0k1.9m380.0k769.0k1.2m509.0k964.0k1.4m

Inventories

2.2m88.0k(555.0k)(1.1m)(1.3m)40.0k(749.0k)(1.1m)(806.0k)(1.4m)(1.5m)(964.0k)548.0k1.4m(2.8m)(5.8m)(9.0m)(319.0k)(33.0k)1.1m1.2m1.8m2.8m

Accounts Payable

2.4m(984.0k)(1.4m)1.4m729.0k1.2m178.0k(570.0k)(298.0k)820.0k(19.0k)(553.0k)1.4m(719.0k)770.0k1.4m1.4m2.3m172.0k(595.0k)(758.0k)(1.4m)(1.7m)(2.0m)
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USDY, 2019

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

ClearOne's Trends

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ClearOne News and Updates

November 18, 2019

Now shipping! The New ClearOne CONVERGENCE™ AV Network Manager

New management software platform supports organizations of any size. New management software platform supports organizations of any size.
November 15, 2019

ClearOne Reports Third Quarter 2019 Financial Results

SALT LAKE CITY, Nov. 14, 2019 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and nine month periods ended September 30, 2019.
November 04, 2019

ClearOne Unveils the New COLLABORATE® Versa Pro CT

An unbeatable new product offering that includes a Huddle DSP mixer and the new Huddle-compatible and patented BMA CTH that is a perfect fit for small-to medium-sized rooms An unbeatable new product offering that includes a Huddle DSP mixer and the new Huddle-compatible and patented BMA CTH that is …
October 08, 2019

ClearOne Introduces New 4K Camera for Huddle Spaces and Small Meeting Rooms

Popular UNITE® 50 Camera now supports 4K at the same economical price Popular UNITE® 50 Camera now supports 4K at the same economical price
September 21, 2019

Webinar Recording: ClearOne Talks Pro AV Collaboration in the Enterprise

For people to engage in workplace collaboration, the technology in meeting spaces has to feel natural and easy to use. The goal for companies is to provide that ease of use as they invest in solutions that provide long-term value.read more
September 04, 2019

ClearOne Awarded New Patent Covering Augmented Beamforming Microphone Arrays by the U.S. Patent and Trademark Office

SALT LAKE CITY, Sept. 04, 2019 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, announced today that it has been awarded a new patent relating to a band-limited beamforming microphone array by the US Patent and Trademark Office.
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ClearOne Blogs

November 14, 2019

The Secret to Error-Free AV Configuration? Checklists.

What can audio visual professionals learn from military and commercial airline pilots? That the secret to managing high-pressure, high-stakes jobs might be using a checklist. In the mid 1930’s, after the Flying Fortress crashed, military leaders studied flight incidents and concluded, “P…
November 07, 2019

AV Network Manager

CONVERGENCE software is a unified AV network management platform to monitor, control, and audit ClearOne Pro Audio and Video products and services. Solution page image:  Enable Related Products:  NO Difference Section:  Yes
November 04, 2019

Designing Small and Medium Meeting Rooms? Don’t Overlook These 4 Tips.

In today’s fast-paced work environment, the next meeting starts now—in whatever room is available. Scheduling in advance is a nice-to-have. Decisions get made every day in small impromptu meetings, pull asides, or quick scrums. Someone not in the office? No problem. Get them on video. Sh…
September 24, 2019

Evolving the Architecture for Conference Audio Solutions

As audiovisual manufacturers continue to engineer the best, most innovative solutions for audiovisual systems, they have not always made implementing their solutions easy.
September 17, 2019

2-Channel Mic Solution Delivers Big in Small Spaces

When it comes to relationships, they say two’s company and three’s a crowd, but have you considered that the same idea can also apply to your wireless microphone system? If you’re trying to outfit a small conference room where you only need one or two wireless mics, choosing a system wit…
September 10, 2019

Searching for the Perfect Conference Room Mic? Meet ClearOne's BMA CT

Looking for a conference room microphone solution that simplifies system design and installation—while providing precise, all-over audio coverage? Meet the Beamforming Microphone Array Ceiling Tile—or BMA CT. Here are five key facts about ClearOne’s newest beamforming mic array—and why i…
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 ClearOne Frequently Asked Questions

  • When was ClearOne founded?

    ClearOne was founded in 1983.

  • Who are ClearOne key executives?

    ClearOne's key executives are Zee Hakimoglu, Narsi Narayanan and Michael Braithwaite.

  • How many employees does ClearOne have?

    ClearOne has 130 employees.

  • What is ClearOne revenue?

    Latest ClearOne annual revenue is $28.2 m.

  • What is ClearOne revenue per employee?

    Latest ClearOne revenue per employee is $216.6 k.

  • Who are ClearOne competitors?

    Competitors of ClearOne include Streambox, Acquire and ClickMeeting.

  • Where is ClearOne headquarters?

    ClearOne headquarters is located at 5225 Wiley Post Way #500, Salt Lake City.

  • Where are ClearOne offices?

    ClearOne has an office in Salt Lake City.

  • How many offices does ClearOne have?

    ClearOne has 1 office.