ClearOne

  • Revenue$29.1 MFY, 2020
  • Market Capitalization$13.2 M2022-06-24

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, UT, USMap
Websiteclearone.com
Employee Ratings4.2
Overall CultureFMore
View Jobs (5)

Recent NewsAll News

Latest Updates

Employees (est.) (Dec 2018)130(-13%)
Job Openings5
Revenue (FY, 2020)$29.1 M(+17%)
Share Price (Jun 2022)$0.6(-4%)
Cybersecurity ratingBMore
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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
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ClearOne Office Locations

ClearOne has an office in Salt Lake City
Salt Lake City, UT, 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 $29.07 m in FY, 2020
USD

Revenue (Q1, 2021)

7.0m

Gross profit (Q1, 2021)

3.0m

Gross profit margin (Q1, 2021), %

42.7%

Net income (Q1, 2021)

(1.7m)

EBIT (Q1, 2021)

(1.5m)

Market capitalization (24-Jun-2022)

13.2m

Closing stock price (24-Jun-2022)

0.6

Cash (31-Mar-2021)

2.0m

EV

14.4m
ClearOne's current market capitalization is $13.2 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

46.1m46.4m49.6m57.9m57.8m48.6m41.8m28.2m25.0m29.1m

Revenue growth, %

17%0%(16%)

Cost of goods sold

18.5m19.1m19.7m22.6m21.1m19.2m17.8m14.8m13.8m16.5m

Gross profit

27.5m27.3m29.9m35.3m36.7m29.5m24.0m13.4m11.2m12.6m
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, 2019Q1, 2020Q2, 2020Q1, 2021

Revenue

11.9m11.5m10.2m11.7m11.6m11.3m11.7m12.4m12.7m14.1m15.7m13.6m14.0m15.9m13.0m12.0m12.9m11.7m10.3m10.6m7.3m7.0m6.7m6.3m6.4m6.0m5.7m6.4m7.0m

Cost of goods sold

4.7m4.5m4.0m4.6m4.9m4.3m4.8m4.9m5.0m6.0m6.1m5.1m5.0m5.7m4.6m4.3m5.2m5.0m4.2m4.1m3.2m3.7m3.7m3.6m3.5m3.5m2.9m3.7m4.0m

Gross profit

7.2m7.0m6.1m7.1m6.7m7.0m6.9m7.4m7.7m8.1m9.6m8.5m9.0m10.2m8.5m7.7m7.7m6.7m6.1m6.5m4.1m3.3m3.0m2.7m2.9m2.5m2.8m2.6m3.0m

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%49%41%43%
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

16.7m55.5m17.2m7.4m13.4m12.1m5.6m11.2m4.1m3.8m

Accounts Receivable

8.5m8.4m9.4m9.9m8.7m7.8m6.8m5.5m5.2m

Prepaid Expenses

740.0k1.4m2.7m2.1m1.8m1.9m2.2m1.2m1.5m

Inventories

12.6m10.9m12.3m12.8m13.4m11.4m14.4m13.2m11.4m10.5m
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, 2019Q1, 2020Q2, 2020Q1, 2021

Cash

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

Accounts Receivable

8.9m12.2m7.1m7.4m7.7m7.9m8.4m8.4m8.8m10.2m9.7m8.6m8.6m9.3m8.1m9.3m8.5m7.3m7.2m8.1m6.2m5.1m5.2m6.4m6.5m6.3m4.6m5.8m4.9m

Prepaid Expenses

699.0k729.0k1.8m1.5m1.4m1.8m1.8m1.7m7.1m2.1m3.3m1.3m2.5m1.4m2.4m2.1m2.2m3.0m3.3m2.2m2.0m2.3m2.5m1.9m1.2m5.6m1.1m957.0k1.3m

Inventories

10.2m11.9m14.5m15.1m12.0m11.6m12.3m12.4m12.6m13.2m13.3m13.9m14.3m14.2m14.5m12.7m12.0m14.4m17.1m19.7m14.6m14.4m13.3m12.3m12.3m11.7m10.4m8.2m9.8m
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Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

6.9m26.6m5.2m5.6m6.8m2.4m(14.2m)(16.7m)(8.4m)505.0k

Depreciation and Amortization

1.2m1.2m1.4m2.0m2.1m1.9m1.5m1.6m1.9m2.3m

Inventories

3.1m447.0k(998.0k)(2.6m)(2.2m)1.9m(10.8m)155.0k3.6m1.2m

Accounts Payable

634.0k(512.0k)428.0k(84.0k)(242.0k)733.0k572.0k(392.0k)(858.0k)1.1m
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, 2019Q1, 2020Q2, 2020Q1, 2021

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)(1.8m)(3.8m)(1.7m)

Depreciation and Amortization

337.0k1.2m143.0k261.0k979.0k319.0k783.0k1.3m521.0k1.0m1.6m483.0k947.0k1.4m402.0k779.0k1.9m380.0k769.0k1.2m509.0k964.0k1.4m522.0k1.1m661.0k

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)1.1m1.2m1.8m2.8m1.4m2.3m736.0k

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)(396.0k)302.0k(1.0m)
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USDQ2, 2011

Financial Leverage

1.3 x
Show all financial metrics

ClearOne Operating Metrics

FY, 2014FY, 2015FY, 2016

Resellers

562461341

ClearOne Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

Learn more about our premium products
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ClearOne Online and Social Media Presence

ClearOne's Trends

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ClearOne Company Culture

  • Overall Culture

    F

    43/100

  • CEO Rating

    F

    50/100

  • Compensation

    F

    37/100

Learn more on Comparably

ClearOne News and Updates

August 11, 2021

Comvest Credit Partners Announces Investment in ClearOne Advantage

WEST PALM BEACH, Fla., Aug. 11, 2021 (GLOBE NEWSWIRE) -- Comvest Credit Partners (“Comvest”) has acted as Administrative Agent and Sole Lender in providing a $110.0 million Senior Secured Credit Facility (the “Financing”) to ClearOne Advantage (“ClearOne”), a debt resolution services provider. The…
June 22, 2021

ClearOne Re-Launches Traveling ClearOne Re-Connections Tour to Reconnect with Commercial AV Integrators and End-User Customers!

SALT LAKE CITY, June 22, 2021 (GLOBE NEWSWIRE) -- In another sign that the world, and the commercial AV industry in specific, is returning to business as usual, ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communications solutions, today announced the reboot of its highly…
June 17, 2021

New Crestron Module Simplifies Deployment of Camera Control for the ClearOne BMA 360 Beamforming Microphone Array Ceiling Tile

SALT LAKE CITY, June 17, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communications solutions, today announced the availability of a new camera control module for Crestron control systems that is designed to work with ClearOne’s ground-breaking B…
June 08, 2021

ClearOne BMA 360 Beamforming Microphone Array Takes the Top Prize for Commercial Microphones in the 2021 TNT Awards Program

SALT LAKE CITY, June 08, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communications solutions, today announced that its groundbreaking BMA 360 Beamforming Microphone Array, featuring Voice Lift technology, was awarded a 2021 TNT (Top New Technolo…
June 02, 2021

Bassist and Producer Al Carty Leverages ClearOne Aura® Home Office Solution to Adapt to a Changing Music Industry

Touring veteran who supported Rob Thomas, Alicia Keys and Ed Sheeran says the events of 2020 prove that collaboration equipment is vital for artists to leverage new opportunities Touring veteran who supported Rob Thomas, Alicia Keys and Ed Sheeran says the events of 2020 prove that collaboration equ…
May 19, 2021

Vegan Fast-Food Entrepreneur Continues Growth Through Pandemic With Help of ClearOne Aura Video Conferencing Solution

Plant Power Fast Food co-founder Jeffrey Harris says he would have upgraded sooner if he’d known how simple and effective better equipment could be. Plant Power Fast Food co-founder Jeffrey Harris says he would have upgraded sooner if he’d known how simple and effective better equipment could be.
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ClearOne Blogs

June 17, 2022

ClearOne DIALOG® 10 USB Wins 2022 Sound & Video Contractor Magazine InfoComm Best in Market Award

ClearOne DIALOG® 10 USB Wins 2022 Sound & Video Contractor Magazine InfoComm Best in Market Award ali.mathis@west.com Fri, 06/17/2022 - 01:22 ClearOne DIALOG® 10 USB Wins 2022 Sound & Video Contractor Magazine InfoComm Best in Market Award June 17, 2022 …
June 10, 2022

ClearOne DIALOG® 10 USB Named a Winner of Prestigious Commercial Integrator Magazine 2022 BEST Awards

The industry’s only pro quality single-channel wireless USB microphone system celebrates its third industry accolade.                     ClearOne’s DIALOG 10 USB Wireless Mic System is honored with a Commercial Integrator 2022 BEST Award. SALT LAKE CITY, UTAH, June 10, 2022 — A few short months
June 07, 2022

PPDS Equips New Munich Showroom with State-of-the-Art ClearOne Collaboration Solutions on Philips Professional Displays

PPDS Equips New Munich Showroom with State-of-the-Art ClearOne Collaboration Solutions on Philips Professional Displays kevindavis Tue, 06/07/2022 - 00:32 PPDS Equips New Munich Showroom with State-of-the-Art ClearOne Collaboration Solutions on Philips Professional Displays …
May 25, 2022

ClearOne Announces Change in Leadership

ClearOne Announces Change in Leadership ali.mathis@west.com Wed, 05/25/2022 - 16:45 ClearOne Announces Change in Leadership May 25, 2022 General Derek Graham, current Senior Vice President of R&D elevated as the interim CEO SALT LAKE CITY--(BU…
May 19, 2022

ClearOne, Inc. Reports First Quarter 2022 Financial Results

Quarterly overall Year-over-Year Revenue up by 7% Sequential quarterly revenue up by 5% Strong performance from microphone, core audio conferencing, and personal conferencing products drive revenue growth SALT LAKE CITY --(BUSINESS WIRE)--May 19, 2022-- ClearOne Inc.
May 18, 2022

The World’s Most Technologically Advanced Beamforming Microphone Array Named Best in Market Award Winner at ISE 2022

The World’s Most Technologically Advanced Beamforming Microphone Array Named Best in Market Award Winner at ISE 2022 kevindavis Wed, 05/18/2022 - 00:10 The World’s Most Technologically Advanced Beamforming Microphone Array Named Best in Market Award Winner at ISE 2022 May 18…
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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 $29.1 m.

  • What is ClearOne revenue per employee?

    Latest ClearOne revenue per employee is $223.6 k.

  • Who are ClearOne competitors?

    Competitors of ClearOne include Streambox, 2.Orange and AV Solutions.

  • 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.