ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. As a market leader, ClearOne is focused on developing cutting-edge conferencing and collaboration products. We are known for our industry innovation, committed to incorporating the latest technologies into our product lines. The industry's first product to use Distributed Audio Echo Cancellation™ in an audio conferencing system. The industry's first conference phone to provide wireless conferencing. The industry's first fully-scalable conference phone that daisy-chains multiple phone units. The industry's first product to bridge the wide price/performance gap that existed between plug-and-play tabletop conferencing phones and professionally-installed audio conferencing systems. Market leader for installed audio—Nearly 50% global market share NASDAQ listed CLRO - visit the Investor Relations page for further financial information. We believe we offer the industry’s most complete audio conferencing product line. With our StreamNet™ multimedia technology and our MagicBox digital signage solutions, end-users can conference, stream audio and video and create custom content on common platforms. We will continue to bring together our technologies and solutions to provide the promise of AV and IT convergence on a common platform.
Type
Public
HQ
Salt Lake City, US
Founded
1983
Size (employees)
165 (est)
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 $48.6 m in 2016
Numbers are in $, USD

Revenue (Y, 2016)

48.6 m

Revenue growth (Y, 2015 - Y, 2016), %

(16%)

Gross profit (Y, 2016)

29.5 m

Gross profit margin (Y, 2016), %

61%

Net income (Y, 2016)

2.4 m

EBIT (Y, 2016)

3.6 m

Market capitalization (24-May-2017)

86.2 m

Closing share price (24-May-2017)

10.1

Cash (31-Dec-2016)

12.1 m
ClearOne's current market capitalization is $86.2 m.
Numbers are in $, USDFY, 2013FY, 2014FY, 2015Y, 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
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

17.2 m7.4 m13.4 m12.1 m

Accounts Receivable

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

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
Numbers are in $, 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

Accounts Receivable

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
Numbers are in $, USDY, 2016

Revenue/Employee

294.8 k

Financial Leverage

1.1 x

ClearOne Market Value History

ClearOne Online and Social Media Presence

ClearOne Company Life and Culture

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