Trade ClearOne - CLRO CFD

About Clearone Inc

ClearOne, Inc. is a global market enabling conferencing, collaboration and network streaming solutions. The Company designs, develops and sells conferencing, collaboration and network streaming solutions for voice and visual communications. The Company's products are categorized into Audio conferencing, Professional microphones, and Video products. Audio conferencing includes installed DSP based professional audio conferencing, universal serial bus (USB) based speakerphones and table-top audio conferencing. Professional microphones consist of beamforming microphones, ceiling microphones and wireless microphones. Video products include video collaboration and Audio-Visual (AV) networking. The Company has other locations in Gainesville, Florida; Austin, Texas; Zaragoza, Spain; Chennai, India; and Dubai, United Arab Emirates.

Financial summary

BRIEF: For the nine months ended 30 September 2021, Clearone Inc revenues increased 6% to $21.8M. Net loss increased 7% to $5.4M. Revenues reflect Microphones segment increase of 27% to $8.2M, Audio conferencing segment increase of 8% to $8.8M, Europe and Africa segment increase of 80% to $5M, Asia and Australia segment increase of 48% to $6.2M. Higher net loss reflects General and administrative increase of 12% to $5M (expense).

Equity composition

Common Stock $.001 Par, 05/11, 50M auth., 8,936,426 issd. Insiders own 30.12%. PO: 10/83, 7Mshares @ $.01 by BagleySecs. 9/91, Co. issued 1,437,500 units (3 common + 2 warrants) @ $3.00/unit. *1/02, Name changed Gentner Communications Corp 08/07, Exchange changed from OTC Bulletin Board to NASDAQ.