ClearOne Announces Significant Balance Sheet Improvements
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne, Inc. (NASDAQ: CLRO) (“ClearOne” or the "Company"), a global provider of audio and visual communication solutions, announced today that it has meaningfully improved its balance sheet through the paydown of its remaining aggregate debt, the receipt of a significant income tax refund, and the completion of a non-exclusive patent cross-licensing agreement. Debt Repayment On December 17, 2023, the Company completed the final $1.0 million principal payment o.
- 12/28/2023
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ClearOne, Inc. Reports Third Quarter 2023 Financial Results
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended September 30, 2023. “In the third quarter, we continued ramping shipments for our leading communication solutions and operating from a leaner expense structure,” said Derek Graham, CEO of ClearOne. “We began shipping our Dante®-enabled BMA 360D microphone array ceiling tile to positive early reception, and we drove s.
- 11/09/2023
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ClearOne to Present at the LD Micro Main Event XVI Conference on October 4, 2023 at 8:30 a.m. PT
- Salt Lake City, Utah--(Newsfile Corp. - September 25, 2023) - ClearOne, Inc. (NASDAQ: CLRO) ("ClearOne" or the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting at the LD Micro Main Event XVI Conference, which is being held at the Luxe Sunset Boulevard Hotel in Los Angeles, CA from October 3-5, 2023. Event: ClearOne Presentation at the LD Micro Main Event XVI Conference Date: Wednesday, October 4, 2023 Time: 8:30 a.m.
- 09/25/2023
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- 09/12/2023
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ClearOne to Present at the Emerging Growth Conference on June 14, 2023 at 1:10 p.m. ET
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne, Inc. (NASDAQ: CLRO) (the "Company"), a global provider of audio and visual communication solutions, announced today that it will be presenting virtually at the upcoming Emerging Growth Conference on Wednesday, June 14, at 1:10 p.m. Eastern time. Event: ClearOne Presentation at the Emerging Growth Conference Date: Wednesday, June 14, 2023 Time: 1:10 p.m. Eastern time Register to watch here: https://goto.webcasts.com/starthere.jsp?ei=1603281&tp_key=d.
- 06/12/2023
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ClearOne, Inc. Reports First Quarter 2023 Financial Results
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended March 31, 2023. “During the first quarter, we maintained our focus on developing unique products that meet our partner and end user needs, supported by a leaner, improved cost structure,” said Derek Graham, CEO of ClearOne. “We have continued to support a growing backlog for our core audio conferencing products, as well as roll out the new CHAT® 150 BT group speakerphone, and UNITE 260 Pro camera products we introduced in January. Though our first quarter revenues remained pressured by the ongoing transition of our outsourced manufacturing from China to Singapore, we expect our revenue performance to improve in the second half of this year. We will continue working to increase our market share and deliver long-term value to our investors in the year ahead. “The recent announcement of a special dividend by our Board of Directors further signifies our commitment to rewarding our investors. Our strong balance sheet, especially our cash position after paying the special dividend, provides us the necessary ramp to launch our products, build strong teams, and compete effectively in the market." Recent Highlights On May 8, 2023, the Company announced that the Company’s Board of Directors had declared a special one-time cash dividend of $1.00 per share of the Company’s common stock or eligible warrants, payable on May 31, 2023 to shareholders of record on May 22, 2023. The ex-dividend date for this distribution is June 1, 2023, in accordance with FINRA UPC (Uniform Practice Code) Rule 11140. This dividend distribution is expected to generate cash outflows of approximately $29.0 million. Financial Summary The Company uses certain non-GAAP financial measures and reconciles those to GAAP measures in the attached tables. Q1 2023 revenue was $4.2 million, compared to $7.5 million in Q1 2022 and $4.0 million in Q4 2022. The sequential and year-over-year decrease was mainly due to (a) a decline in revenue from video products due to decline in demand and (b) continued order fulfillment challenges for our core audio conferencing and beamforming microphone arrays as a result of ongoing delays in the transition of our outsourced manufacturing from China to Singapore. Gross profit in Q1 2023 was $1.3 million, compared to $2.8 million in Q1 2022 and $1.3 million in Q4 2022. Gross profit margin was 31% in Q1 2023 and Q4 2022, compared to 37% in Q1 2022. Gross profit margin decreased year-over-year due to increased administration and overhead costs as a percentage of revenue due to significantly reduced revenue. Operating expenses in Q1 2023 were $3.5 million, compared to $4.7 million in Q1 2022 and $3.9 million in Q4 2022. Non-GAAP operating expenses in Q1 2023, as well as Q4 2022, were $3.4 million, compared to $4.0 million in Q1. The decrease in year-over-year non-GAAP operating expenses was mainly due to additional cost-cutting measures initiated in 2022. GAAP net loss in Q1 2023 was $0.8 million, or $0.03 per share, compared to a net loss of $2.0 million, or $0.08 per share, in Q1 2022 and a net income of $24.0 million, or $0.97 per share, in Q4 2022. The year-over-year decrease in net loss was primarily due to the recognition of a $1.35 million gain from a legal settlement in Q1 2023 and the aforementioned reduction in operating expenses, partially offset by the reduction in gross profit. The sequential change from net income to net loss was primarily due to the recognition of a gain of $33.6 million related to the one-time legal settlement receivable of $55 million, partially offset by operating losses and provision for income tax in Q4 2022 . Non-GAAP net loss in Q1 2023 was $2.0 million, or $0.09 per share, compared to a Non-GAAP net loss of $1.3 million, or $0.05 per share, in Q1 2022 and a Non-GAAP net loss of $2.3 million, or $0.09 per share, in Q4 2022. The year-over-year increase in Non-GAAP net loss was due to the reduction in gross margin caused by significant decrease in revenues, partially offset by reduction in operating expenses. The sequential reduction in Non-GAAP net loss was primarily due to the reduction of bonuses in Q1 2023. ($ in 000, except per share) Three months ended March 31, 2023 2022 Change in % Favorable/ (Adverse) GAAP Revenue $ 4,178 $ 7,545 (45 ) Gross profit 1,315 2,816 (53 ) Operating expenses 3,504 4,669 25 Operating loss (2,189 ) (1,853 ) (18 ) Net loss (832 ) (1,967 ) 58 Diluted loss per share (0.03 ) (0.08 ) 63 Non-GAAP Non-GAAP operating expenses 3,365 3,966 15 Non-GAAP operating loss (2,048 ) (1,148 ) (78 ) Non-GAAP net loss (2,041 ) (1,262 ) (62 ) Non-GAAP Adjusted EBITDA (1,678 ) (1,069 ) (57 ) Non-GAAP diluted loss per share (0.09 ) (0.05 ) (80 ) Balance Sheet Highlights As of March 31, 2023, cash, cash equivalents and investments were $59.0 million, as compared with $1.0 million as of December 31, 2022. As of March 31, 2023, the Company carried an aggregate debt of $1.7 million on account of senior convertible notes issued in December 2019. The Company’s cash position was strengthened by the receipts in excess of $56 million in the first quarter of 2023 pursuant to legal settlements. The Company also repaid the short-term bridge loan in January 2023. About ClearOne ClearOne is a global company that designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. Non-GAAP Financial Measures To supplement our consolidated financial statements presented on a GAAP basis, ClearOne uses non-GAAP measures of gross profit, operating income (loss), net income (loss), adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and net income (loss) per share, which are adjusted to exclude certain costs, expenses, gains and losses we believe appropriate to enhance an overall understanding of our past financial performance from period to period and also our prospects for the future. These adjustments to our current period GAAP results are made with the intent of providing both management and investors a more complete understanding of ClearOne’s underlying operational results and trends and our marketplace performance. The non-GAAP results are an indication of our baseline performance before certain gains, losses, or other charges that are considered by management to be outside of our core operating results. In addition, these adjusted non-GAAP results are among the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for gross profit, operating income (loss), net income (loss), income (loss) per share or other financial measures prepared in accordance with GAAP. There are limitations to the use of non-GAAP financial measures. Other companies, including companies in ClearOne’s industry, may calculate non-GAAP financial measures differently than ClearOne does, limiting the usefulness of those measures for comparative purposes. A detailed reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included in this release below. Forward-Looking Statements This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements and any statements of the plans and objectives of management for future operations and forecasts of future growth and value and the possible outcomes of litigation, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. The information in this press release should be read in conjunction with and is modified in its entirety by, the Annual Report on Form 10-K (the “10-K”) filed by the Company for the same period with the Securities and Exchange Commission (the “SEC”) and all of the Company’s other public filings with the SEC (the “Public Filings”). In particular, the financial information contained herein is subject to and qualified by reference to the financial statements contained in the 10-Q, including the footnotes thereto, as well as the Company’s annual report on Form 10-K for the year ended December 31, 2022 (the “10-K”), the footnotes thereto and the limitations set forth therein. Investors may not rely on the press release without reference to the 10-Q, the 10-K, and the Public Filings. CLEARONE, INC. UNAUDITED CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except par value) March 31, 2023 December 31, 2022 ASSETS Current assets: Cash and cash equivalents $ 59,006 $ 984 Legal settlement receivable — 55,000 Receivables, net of allowance of $326 3,541 3,603 Inventories, net 8,395 8,961 Income tax receivable — 1,071 Prepaid expenses and other assets 3,635 7,808 Total current assets 74,577 77,427 Long-term inventories, net 2,885 2,707 Property and equipment, net 356 383 Operating lease - right of use assets, net 1,259 1,047 Intangibles, net 1,995 2,071 Other assets 112 115 Total assets $ 81,184 $ 83,750 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,820 $ 1,284 Accrued liabilities 2,454 3,041 Deferred product revenue 71 63 Short-term debt 1,556 3,732 Total current liabilities 5,901 8,120 Operating lease liability, net of current 949 492 Other long-term liabilities 1,008 1,008 Total liabilities 7,858 9,620 Shareholders' equity: Common stock, par value $0.001, 50,000,000 shares authorized, 23,955,767 shares issued and outstanding 24 24 Additional paid-in capital 74,933 74,910 Accumulated other comprehensive loss (283 ) (288 ) Accumulated deficit (1,348 ) (516 ) Total shareholders' equity 73,326 74,130 Total liabilities and shareholders' equity $ 81,184 $ 83,750 CLEARONE, INC. UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Dollars in thousands, except per share values) Three months ended March 31, 2023 2022 Revenue $ 4,178 $ 7,545 Cost of goods sold 2,863 4,729 Gross profit 1,315 2,816 Operating expenses: Sales and marketing 1,192 1,560 Research and product development 1,043 1,353 General and administrative 1,269 1,756 Total operating expenses 3,504 4,669 Operating loss (2,189 ) (1,853 ) Interest expense (292 ) (101 ) Other income, net 1,666 3 Loss before income taxes (815 ) (1,951 ) Provision for income taxes 17 16 Net loss $ (832 ) $ (1,967 ) Basic weighted average shares outstanding 23,955,767 23,897,305 Diluted weighted average shares outstanding 23,955,767 23,897,305 Basic loss per share $ (0.03 ) $ (0.08 ) Diluted loss per share $ (0.03 ) $ (0.08 ) Comprehensive loss: Net loss $ (832 ) $ (1,967 ) Unrealized loss on available-for-sale securities, net of tax — (28 ) Change in foreign currency translation adjustment 5 (11 ) Comprehensive loss $ (827 ) $ (2,006 ) CLEARONE, INC. UNAUDITED RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (Dollars in thousands, except per share values) Three months ended March 31, 2023 2022 GAAP operating loss $ (2,189 ) $ (1,853 ) Stock-based compensation 23 35 Amortization of intangibles 118 670 Non-GAAP operating loss $ (2,048 ) $ (1,148 ) GAAP net loss $ (832 ) $ (1,967 ) Stock-based compensation 23 35 Amortization of intangibles 118 670 Other income adjustment (1,350 ) — Non-GAAP net loss $ (2,041 ) $ (1,262 ) GAAP net loss $ (832 ) $ (1,967 ) Number of shares used in computing GAAP diluted loss per share 23,955,767 23,897,305 GAAP diluted loss per share $ (0.03 ) $ (0.08 ) Non-GAAP net loss $ (2,041 ) $ (1,262 ) Number of shares used in computing Non-GAAP diluted loss per share 23,955,767 23,897,305 Non-GAAP diluted loss per share $ (0.09 ) $ (0.05 ) GAAP net loss $ (832 ) $ (1,967 ) Stock-based compensation 23 35 Interest expense 292 101 Depreciation 54 76 Amortization of intangibles 118 670 Other income adjustment (1,350 ) — Provision for (benefit from) income taxes 17 16 Non-GAAP Adjusted EBITDA $ (1,678 ) $ (1,069 )
- 05/16/2023
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ClearOne Clarified Ex-Dividend Date for Special One-time Cash Dividend
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO) today clarified that the ex-dividend date will be June 1, 2023 for ClearOne’s previously announced one-time special cash dividend of $1.00 per share of ClearOne common stock, payable on May 31, 2023 to shareholders of record on May 22, 2023. FINRA UPC (Uniform Practice Code) Rule 11140 provides that, in respect to dividends or distributions that are twenty-five percent or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date. Accordingly, a ClearOne investor that sells shares of ClearOne common stock on or prior to the payment date of May 31, 2023 will not receive the one-time special cash dividend for the ClearOne shares that are sold. About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. This release contains "forward-looking" statements that are based on present circumstances and on ClearOne's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including the expected future payment of dividends and any statements of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
- 05/11/2023
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3 Top Strategies for Maximizing Penny Stock Profits Right Now
- Use these strategies to maximize your penny stocks profits The post 3 Top Strategies for Maximizing Penny Stock Profits Right Now appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 05/10/2023
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ClearOne Announces a Special One-time Cash Dividend
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has declared a special one-time cash dividend of $1.00 per share of ClearOne common stock, payable on May 31, 2023 to shareholders of record on May 22, 2023. "The recent successful legal settlements have generated surplus cash for the Company. We are pleased to share this surplus with our shareholders, who continue to support the Company’s strategy and vision for future growth,” said Eric L. Robinson, Chairman of the Board of Directors of ClearOne. “We believe the company is now solidly positioned to pursue its long-term plans and return to rapid revenue growth and profitability.” Even though this dividend announcement is a special one-time event, the declaration of dividends in the future is subject to the discretion of the ClearOne Board of Directors, which will evaluate the possibility of future dividend distributions from time-to-time based on factors that the Board of Directors deem relevant. However, no additional dividends have been authorized nor are contemplated at this time. About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. This release contains "forward-looking" statements that are based on present circumstances and on ClearOne's predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including the expected future payment of dividends and any statements of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.
- 05/08/2023
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ClearOne, Inc. Reports Fourth Quarter 2022 Financial Results
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and twelve month periods ended December 31, 2022. "The continued delays in the transition of our outsourced manufacturing from China to Singapore caused us to lose revenue on our core audio conferencing products. This combined with the decline in video products, especially our professional cameras, contributed to a 44% decline in revenues. The delay in the transition is expected to affect our 2023-Q1 revenues also. However, with our recent legal settlements which have provided us with over $56 million in cash (before paying taxes) and with our new products that are expected to increase our market share due to better interoperability features, we are confident that we will be able to weather these difficult times. We also take comfort in the fact that our unfilled backlog is continuing to increase as we strive to satisfy our customers’ demand," said Derek Graham, CEO of ClearOne. Recent Highlights On January 30, 2023, we introduced the new CHAT® 150 BT group speakerphone with USB and Bluetooth connectivity that enhances the conferencing experience for the ultimate in business class performance. With simple, instant connection to personal computers, mobile devices or Bluetooth-enabled desk phones, the CHAT® 150 BT group speakerphone provides users with an affordable way to upgrade home offices, executive offices, and mid-size meeting rooms with BYOD convenience and superior audio clarity for audio conferences and video meetings. The CHAT® 150 BT speakerphone also has an audio bridging feature that allows far end conference participants connected via a software conferencing application through USB, local users of the speakerphone, and far end callers on a mobile call connected through Bluetooth to all join the same call and hear each other clearly. Featuring a steerable microphone array with first-mic priority, the CHAT® 150 BT speakerphone intelligently activates the microphone closest to the person speaking, reducing interference from ambient noise. Like all ClearOne microphone products, the CHAT® 150 BT speakerphone is compatible with popular collaboration platforms including Microsoft® Teams, Zoom™, WebEx™, Google® Meet™, and many more. The new BT model retains all the class-leading features of the original CHAT® 150 speakerphone, including Advanced Noise Cancellation, Full Duplex Distributed Echo Cancellation™ and Automatic Level Control algorithms, to ensure highly intelligible, natural audio capture and playback. It also supports NFC tap-to-pair and includes a wired USB connection for compatibility with the full variety of modern devices. On January 16, 2023, we introduced UNITE 260 Pro camera, a professional grade 4K Ultra HD camera featuring both a 20X optical zoom and 16X digital zoom that allows users to capture every participant in all meeting, training, and learning environments it is deployed in. Compatible with all popular meeting applications like Microsoft® Teams, Zoom™, WebEx™, and Google® Meet™, the new camera features an AI-based smart face tracking mode that keeps a selected presenter in the frame as they move about the room. Alternatively, the camera’s AI-based auto framing mode always keeps an entire group in perfect view. With dual video outputs HDMI and IP, the UNITE 260 Pro Camera is an excellent choice for a hybrid environment: streaming content while simultaneously showing it live where the presentation is occurring. In November 2022, we announced the introduction of UNITE 160, a new camera that offers cutting-edge 4K UHD performance with 12x optical zoom capabilities, remote-controlled mechanical pan and tilt as well as AI-powered smart face tracking and auto framing. This camera is designed to capture all participants in large rooms while enabling automated focus on a moving presenter, making it ideal for larger spaces including board rooms, training centers, conference rooms and classrooms. This new camera offers an integrated AI-based camera tracking solution for rooms that are a fit for ClearOne's single Versa Lite CT and a single camera. This new lower-cost camera tracking configuration eliminates the need for a DSP mixer and a control system. In October 2022, we announced the introduction of UNITE 60, a new wide angle 4K USB camera featuring AI-powered smart face and voice tracking, along with electronic PTZ (pan/tilt/zoom) capabilities. With a 120-degree field of view, and a plug-and-play USB 3.0 connection for video, control, and power, the new UNITE® 60 camera is ideally suited for rooms such as executive offices, huddle rooms, or smaller conference rooms. The UNITE 60 camera leverages a wide dynamic range and super-high SNR with advanced 2D and 3D noise reduction to deliver excellent visuals across varied lighting conditions. In addition to the AI auto-tracking feature, the camera can also be controlled via IR remote or UVC protocol. The camera can be paired with a wide variety of microphones and speakers. Financial Summary The Company uses certain non-GAAP financial measures and reconciles those to GAAP measures in the attached tables. Q4 2022 revenue was $4.0 million, compared to $7.2 million in Q4 2021 and $6.3 million in Q3 2022. The decrease in year-over-year revenue as well as in sequential revenue was mainly due to (a) a decline in revenue from video products due to decline in demand and (b) our inability to fulfill the demand for our core audio conferencing and beamforming microphone arrays due to ongoing delays with the transition of our outsourced manufacturing from China to Singapore. GAAP gross profit in Q4 2022 was $1.3 million, compared to $2.6 million in each of Q4 2021 and Q3 2022. GAAP gross profit margin was 31% in Q4 2022, compared to 37% in Q4 2021 and 41% in Q3 2022. Gross Profit margin decreased year over year as well as sequentially mainly due to increase in material costs due to supply chain constraints and increased administration costs as a percentage of revenue partially offset by reduction in inventory obsolescence and freight and tariff costs. Operating expenses in Q4 2022 were $3.9 million, compared to $5.1 million in Q4 2021 and $3.7 million in Q3 2022. Non-GAAP Operating expenses in Q4 2022 were $3.4 million, compared to $4.4 million in Q4 2021 and $3.0 million in Q3 2022. The decrease in year-over-year as well as sequential Non-GAAP Operating expenses was mainly due to the deep-cost cutting measures initiated in 2022 partially offset by an increase in bonuses for executives and other employees. GAAP net income in Q4 2022 was $24.0 million, or $0.97 per share, compared to a net loss of $(2.3) million, or $(0.10) per share, in Q4 2021 and a net loss of $1.2 million, or $0.05 per share, in Q3 2022. The change from net loss to net income both year-over-year and sequentially was primarily due to the recognition of a gain of $33.6 million related to the one-time legal settlement receivable of $55 million net of unamortized capitalized legal expenses of $21.4 million. This gain was partially offset by operating loss and provision for income tax. Three months ended December 31, Year ended December 31, 2022 2021 Change in % Favorable/ (Adverse) 2022 2021 Change in % Favorable/ (Adverse) GAAP Revenue $ 4,021 $ 7,202 (44 ) $ 25,205 $ 28,967 (13 ) Gross profit 1,264 2,638 52 9,457 11,916 (21 ) Operating expenses 3,854 5,114 25 16,679 19,411 14 Operating loss (2,590 ) (2,476 ) (5 ) (7,222 ) (7,495 ) 4 Net income (loss) 24,028 (2,284 ) 1,152 20,556 (7,694 ) 367 Diluted income (loss) per share 0.97 (0.10 ) 1,070 0.83 (0.39 ) 313 Non-GAAP Non-GAAP operating expenses 3,358 4,429 24 14,062 16,996 17 Non-GAAP operating loss (2,092 ) (1,788 ) (17 ) (4,597 ) (5,070 ) 9 Non-GAAP net income (loss) (2,292 ) (1,596 ) (44 ) (5,165 ) (5,269 ) 2 Non-GAAP Adjusted EBITDA (2,062 ) (1,678 ) (23 ) (4,383 ) (4,660 ) 6 Non-GAAP diluted loss per share (0.09 ) (0.07 ) (29 ) (0.19 ) (0.27 ) 30 Balance Sheet Highlights As of December 31, 2022, cash, cash equivalents and investments were $1.0 million, as compared with $4.1 million as of December 31, 2021. As of December 31, 2022, the Company carried an aggregate debt of $3.9 million on account of senior convertible notes issued in December 2019, and a short-term bridge loan obtained in Q4 2022. The Company’s cash position was strengthened by the receipts in excess of $56 million in the first quarter of 2023 pursuant to legal settlements. The Company also repaid the short-term bridge loan in January 2023. About ClearOne ClearOne is a global company that designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. Non-GAAP Financial Measures To supplement our consolidated financial statements presented on a GAAP basis, ClearOne uses non-GAAP measures of gross profit, operating income (loss), net income (loss), adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and net income (loss) per share, which are adjusted to exclude certain costs, expenses, gains and losses we believe appropriate to enhance an overall understanding of our past financial performance from period to period and also our prospects for the future. These adjustments to our current period GAAP results are made with the intent of providing both management and investors a more complete understanding of ClearOne’s underlying operational results and trends and our marketplace performance. The non-GAAP results are an indication of our baseline performance before certain gains, losses, or other charges that are considered by management to be outside of our core operating results. In addition, these adjusted non-GAAP results are among the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for gross profit, operating income (loss), net income (loss), income (loss) per share or other financial measures prepared in accordance with GAAP. There are limitations to the use of non-GAAP financial measures. Other companies, including companies in ClearOne’s industry, may calculate non-GAAP financial measures differently than ClearOne does, limiting the usefulness of those measures for comparative purposes. A detailed reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included in this release below. Forward Looking Statements This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements and any statements of the plans and objectives of management for future operations and forecasts of future growth and value and the possible outcomes of litigation, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. The information in this press release should be read in conjunction with and is modified in its entirety by, the Annual Report on Form 10-K (the “10-K”) filed by the Company for the same period with the Securities and Exchange Commission (the “SEC”) and all of the Company’s other public filings with the SEC (the “Public Filings”). In particular, the financial information contained herein is subject to and qualified by reference to the financial statements contained in the 10-Q, including the footnotes thereto, as well as the Company’s annual report on Form 10-K for the year ended December 31, 2022 (the “10-K”), the footnotes thereto and the limitations set forth therein. Investors may not rely on the press release without reference to the 10-Q, the 10-K, and the Public Filings. CLEARONE, INC CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except par value) December 31, 2022 December 31, 2021 ASSETS Current assets: Cash and cash equivalents $ 984 $ 1,071 Marketable securities — 1,790 Legal settlement receivable 55,000 — Receivables, net of allowance for doubtful accounts of $326 3,603 4,991 Inventories, net 8,961 10,033 Income tax receivable 1,071 7,535 Prepaid expenses and other assets 7,808 4,021 Total current assets 77,427 29,441 Long-term marketable securities — 1,220 Long-term inventories, net 2,707 3,567 Property and equipment, net 383 744 Operating lease - right of use assets, net 1,047 1,537 Intangibles, net 2,071 25,086 Other assets 115 4,597 Total assets $ 83,750 $ 66,192 LIABILITIES AND SHAREHOLDERS' EQUITY Current liabilities: Accounts payable $ 1,284 $ 5,388 Accrued liabilities 3,041 2,549 Deferred product revenue 63 54 Short-term debt 3,732 3,481 Total current liabilities 8,120 11,472 Long-term debt — 1,535 Operating lease liability 492 1,026 Other long-term liabilities 1,008 655 Total liabilities 9,620 14,688 Shareholders' equity: Common stock, par value $0.001, 50,000,000 shares authorized, 23,955,767 and 22,410,126 shares issued and outstanding 24 22 Additional paid-in capital 74,910 72,795 Accumulated other comprehensive loss (288 ) (241 ) Accumulated deficit (516 ) (21,072 ) Total shareholders' equity 74,130 51,504 Total liabilities and shareholders' equity $ 83,750 $ 66,192 CLEARONE, INC. CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) (Dollars in thousands, except per share values) Three months ended December 31, Year ended December 31, 2022 2021 2022 2021 Revenue $ 4,021 $ 7,202 $ 25,205 $ 28,967 Cost of goods sold 2,757 4,564 15,748 17,051 Gross profit 1,264 2,638 9,457 11,916 Operating expenses: Sales and marketing 1,244 1,716 5,517 6,736 Research and product development 984 1,541 4,390 5,794 General and administrative 1,626 1,857 6,772 6,881 Total operating expenses 3,854 5,114 16,679 19,411 Operating loss (2,590 ) (2,476 ) (7,222 ) (7,495 ) Interest expense (135 ) (145 ) (420 ) (514 ) Other income, net 33,597 15 35,102 32 Income (loss) before income taxes 30,872 (2,606 ) 27,460 (7,977 ) Provision for (benefit from) income taxes 6,844 (322 ) 6,904 (283 ) Net income (loss) $ 24,028 $ (2,284 ) $ 20,556 $ (7,694 ) Basic weighted average shares outstanding 23,952,590 22,403,408 23,937,962 19,859,817 Diluted weighted average shares outstanding 24,947,851 22,403,408 25,189,147 19,859,817 Basic income (loss) per share $ 1.00 $ (0.10 ) $ 0.86 $ (0.39 ) Diluted income (loss) per share $ 0.97 $ (0.10 ) $ 0.83 $ (0.39 ) Comprehensive income (loss): Net income (loss) 24,028 (2,284 ) 20,556 (7,694 ) Unrealized loss on available-for-sale securities, net of tax — (15 ) (2 ) (28 ) Change in foreign currency translation adjustment (22 ) (1 ) (45 ) (27 ) Comprehensive income (loss) 24,006 (2,300 ) 20,509 (7,749 ) CLEARONE, INC. UNAUDITED RECONCILIATION OF GAAP MEASURES TO NON-GAAP MEASURES (Dollars in thousands, except per share values) Three months ended December 31, Year ended December 31, 2022 2021 2022 2021 GAAP operating loss $ (2,590 ) $ (2,476 ) $ 7,222 $ (7,495 ) Stock-based compensation 24 37 113 137 Amortization of intangibles 474 651 2,512 2,288 Non-GAAP operating loss $ (2,092 ) $ (1,788 ) $ (4,597 ) $ (5,070 ) GAAP net income (loss) $ 24,028 $ (2,284 ) $ 20,556 $ (7,694 ) Stock-based compensation 24 37 113 137 Amortization of intangibles 474 651 2,512 2,288 Other income adjustment (33,623 ) — (35,151 ) — Tax effect 6,805 — 6,805 — Non-GAAP net income (loss) $ (2,292 ) $ (1,596 ) $ (5,165 ) $ (5,269 ) GAAP net income (loss) $ 24,028 $ (2,284 ) $ 20,556 $ (7,694 ) Number of shares used in computing GAAP diluted income (loss) per share 24,947,851 22,403,408 25,189,147 19,859,817 GAAP diluted income (loss) per share $ 0.97 $ (0.10 ) $ 0.83 $ (0.39 ) Non-GAAP net income (loss) $ (2,292 ) $ (1,596 ) $ (5,165 ) $ (5,269 ) Number of shares used in computing Non-GAAP diluted income (loss) per share 24,947,851 22,403,408 25,189,147 19,859,817 Non-GAAP diluted income (loss) per share $ (0.09 ) $ (0.07 ) $ (0.19 ) $ (0.27 ) GAAP net income (loss) $ 24,028 $ (2,284 ) $ 20,556 $ (7,694 ) Stock-based compensation 24 37 113 137 Interest expense 135 145 420 514 Depreciation 56 95 263 378 Amortization of intangibles 474 651 2,512 2,288 Other income adjustment (33,623 ) — (35,151 ) — Provision for (benefit from) income taxes 6,844 (322 ) 6,904 (283 ) Non-GAAP Adjusted EBITDA $ (2,062 ) $ (1,678 ) $ (4,383 ) $ (4,660 )
- 03/31/2023
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New ClearOne CHAT® 150 BT Group Speakerphone Enables Mobile Device Users to Experience Unrivaled Audio Quality
- SALT LAKE CITY--(BUSINESS WIRE)--In response to the growing use of unified communications software applications and mobile devices for conference calls, ClearOne (NASDAQ: CLRO), a global market leader enabling conferencing, collaboration, and network streaming solutions, today introduced the new CHAT® 150 BT group speakerphone with USB and Bluetooth connectivity that enhances the conferencing experience for the ultimate in business class performance. With simple, instant connection to personal computers, mobile devices or Bluetooth-enabled desk phones, the CHAT® 150 BT group speakerphone provides users with an affordable way to upgrade home offices, executive offices, and mid-size meeting rooms with BYOD convenience and superior audio clarity for audio conferences and video meetings. The CHAT® 150 BT speakerphone also has an audio bridging feature that allows far end conference participants connected via a software conferencing application through USB, local users of the speakerphone, and far end callers on a mobile call connected through Bluetooth to all join the same call and hear each other clearly. Featuring a steerable microphone array with first-mic priority, the CHAT® 150 BT speakerphone intelligently activates the microphone closest to the person speaking, reducing interference from ambient noise. Like all ClearOne microphone products, the CHAT® 150 BT speakerphone is compatible with popular collaboration platforms including Microsoft® Teams, Zoom™, WebEx™, Google® Meet™, and many more. The new BT model retains all the class-leading features of the original CHAT® 150 speakerphone, including Advanced Noise Cancellation, Full Duplex Distributed Echo Cancellation™ and Automatic Level Control algorithms, to ensure highly intelligible, natural audio capture and playback. It also supports NFC tap-to-pair and includes a wired USB connection for compatibility with the full variety of modern devices. At just over one pound, the CHAT® 150 BT speakerphone is easy to take wherever it’s needed, and the touch interface provides convenient control of volume, mute, and Bluetooth functions with a sleek, elegant aesthetic. “Every product we design has the shared goal of making it easier for companies and individuals to communicate remotely with excellent audio quality and class-leading simplicity,” said Derek Graham, interim CEO of ClearOne. “The CHAT 150 BT upgrades our customer-favorite speakerphone to enable even more flexible usage that’s ideal for today’s ever-changing needs and reflects the growth of BYOD conference calls and meetings. ClearOne continues to evaluate the needs of businesses and individuals working in today’s complex office environments, and we’re proud to deliver innovative features and benefits to make every meeting easier and more productive,” Graham added. For more information, visit, https://www.clearone.com/chat-150-bt-speakerphone About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.
- 01/30/2023
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ClearOne Returns to ISE 2023 with a New Line of Real World Communications and Collaboration Solutions
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO), a global market leader enabling conferencing, collaboration, and network streaming solutions, will return to ISE 2023 (January 31—February 3 in Barcelona) with a complete range of solutions custom configured for small and medium sized meeting rooms, as well as large conference rooms and auditoriums. The solutions will be showcased at Booth 2V650 at the Fira Barcelona. According to ClearOne CEO Derek Graham, the intent is to demonstrate the superior quality, flexibility, and ease of installation of all ClearOne communications and collaboration solutions in every type of meeting environment that must be addressed in today’s decentralized hybrid work and learn environments. “Manufacturers must be able to meet the needs of users in all meeting environments and that is what we are going to demonstrate at ISE 2023, our latest solutions configured in real world environments. Our goal is to show partners how easy it is to integrate our solutions in every meeting environment their customers utilize to live, learn, and work most productively,” Graham said today. According to Graham, ClearOne will be spotlighting its recently introduced UNITE® 260 Pro PTZ Camera. The professional grade 4K Ultra HD camera features both a 20X optical zoom and 16X digital zoom that allows users to capture every participant in every type of meeting, training, and learning environment. The UNITE 260 Pro Camera features AI-based smart face tracking that keeps the selected presenter in the frame as they move about the room. The AI-based auto framing mode also always keeps the entire group in perfect view. The camera’s advanced algorithms enable the lens to focus quickly and accurately. Camera functions can be controlled by USB, Ethernet, RS-485, and RS-232 devices, providing users with maximum flexibility of usage. Sharing the spotlight will be the UNITE® 60 4K and UNITE® 160 4K PTZ Cameras. Both new state-of-the-art solutions offer organizations cutting edge performance and increased video-conferencing flexibility. ISE attendees will be able to familiarize themselves with new features like AI-powered smart face and voice tracking on the UNITE 60 4K camera, and 12x optical zoom capabilities and smart face tracking and auto framing on the UNITE 160 4K camera. Also on display will be the new CHAT™ 150 BT group speakerphone with USB and Bluetooth connectivity enhances the conferencing experience for the ultimate in business class performance. Offering simple, instant connection to personal computers, mobile devices or Bluetooth-enabled desk phones, the CHAT™ 150 BT group speakerphone provides users with an affordable way to upgrade home offices, executive offices, and mid-size meeting rooms with BYOD convenience and superior audio clarity for audio conferences and video meetings. Like all ClearOne microphone products, the new CHAT 150 BT speakerphone is compatible with popular collaboration platforms including Microsoft® Teams, Zoom™, WebEx™, Google® Meet™, and many more. “Every product we design has the shared goal of making it easier for companies and individuals to communicate remotely with excellent audio quality and class-leading simplicity,” Graham emphasized today. “We continue to evaluate the needs of businesses and individuals working in today’s complex office and learning environments, and we’re proud to deliver innovative features and benefits to make every meeting easier and more productive.” To make it as easy as possible for interested partners to experience ClearOne solutions at the show. Register here to avail a 100% discount on the show’s visitor pass. the invitation code is CEHEC578. One-on-one meetings with the company’s EMEAIO Sales and Global Alliances Team can be booked here. About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.
- 01/27/2023
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ClearOne announces the appointment of Derek Graham as Permanent CEO
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (Nasdaq: CLRO), today announced that its Board of Directors has appointed Derek Graham as Chief Executive Officer (CEO), effective January 24. 2023. Derek Graham was appointed to the role of interim CEO in May 2022. Eric Robinson, Chairman of the Board of Directors said, "Derek Graham has provided strong and decisive leadership in the last few months and navigated the company through a particularly challenging time. I am confident that Derek will continue to guide ClearOne through the next phase of growth. The Board and I are delighted to appoint Derek as ClearOne's CEO." Derek Graham joined ClearOne in 2003 as a Lead Engineer and rose through the ranks. He has overseen the development and introduction of multiple generations of professionally installed audio and video conferencing, video streaming, wireless microphone, digital signage, and camera products. Derek Graham has authored 13 patents, including many patents that are critical to ClearOne's success. “I am very grateful for this opportunity and thank the Board of Directors for expressing faith in my abilities to steer ClearOne to the next level. ClearOne is a truly unique and talented organization with a proud history of pioneering product innovation. I look forward to continuing my work with this amazing team to deliver great results to our investors, channel partners, end users, and other stakeholders," noted Mr. Graham. About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. Forward Looking Statements This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements and any statements of the plans and objectives of management for future operations and forecasts of future growth and value and the possible outcomes of litigation, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. The information in this press release should be read in conjunction with the Company’s public filings with the SEC, including without limitation, its annual reports on form 10-K and quarterly reports on form 10-Q.
- 01/26/2023
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ClearOne Regains Compliance with Nasdaq’s Minimum Bid Price Requirement
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (Nasdaq: CLRO), today announced that it received a letter from Nasdaq on December 23, 2022, notifying ClearOne that, because ClearOne’s stock has traded above $1.00 for 10 consecutive business days, ClearOne has regained compliance with Nasdaq Listing Rule 5550(a)(2). “We are pleased to regain compliance with Nasdaq Listing Rules and to begin 2023 with a record cash position of over $57 million. We look forward to beginning an exciting new chapter of the ClearOne story that is full of promise and opportunity. As a first step, we repaid the $2 million bridge loan that we borrowed in October 2022,” said Derek Graham, ClearOne’s Interim CEO. “After paying applicable taxes, we plan to use our cash to aggressively pursue revenue growth, eliminate debt, and reward our shareholders for their steadfast support of ClearOne through the difficult times we have faced in the past. We feel we have a bright future ahead of us,” added Graham. About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com. Forward Looking Statements This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements and any statements of the plans and objectives of management for future operations and forecasts of future growth and value and the possible outcomes of litigation, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. The information in this press release should be read in conjunction with the Company’s public filings with the SEC, including without limitation, its annual reports on form 10-K and quarterly reports on form 10-Q.
- 01/17/2023
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ClearOne Expands its UNITE® PTZ Camera Series with the Introduction of the UNITE 260 Pro
- SALT LAKE CITY--(BUSINESS WIRE)--Kicking off its 2023 new product introductions on a high note, ClearOne (NASDAQ: CLRO) today strengthened and expanded its line of UNITE® PTZ Cameras with the debut of the UNITE® 260 Pro Camera. The professional grade 4K Ultra HD camera features both a 20X optical zoom and 16X digital zoom that allows users to capture every participant in all meeting, training, and learning environments it is deployed in. The new camera features an AI-based smart face tracking mode that keeps a selected presenter in the frame as they move about the room. Alternatively, the camera’s AI-based auto framing mode always keeps an entire group in perfect view. With dual video outputs HDMI and IP, the UNITE 260 Pro Camera is an excellent choice for a hybrid environment: streaming content while simultaneously showing it live where the presentation is occurring. The camera’s advanced algorithms enable the lens to focus quickly and accurately. Camera functions can be controlled by USB, Ethernet, RS-485, and RS-232, providing users with maximum flexibility of usage. “The new UNITE 260 Pro Camera is an ideal addition to any video conferencing, distance learning, or lecture capture system being used in large conference rooms, training centers, and classrooms,” explained ClearOne Interim CEO Derek Graham. “For example, in many classrooms, the most convenient location for camera placement for lecture capture is on the rear wall of the room. In large classrooms, that can be 40 feet to 50 feet (~12 to ~15 meters) away from the instructor. In a room like that, the 20X optical zoom provided by the UNITE 260 can make a huge difference in the ability of the camera to provide a clear picture of the instructor and any instructional aids being presented. Also, the AI based smart face tracking gives presenters the freedom to move around the entire space during their presentations.” A high SNR CMOS sensor combined with 2D, and 3D noise reduction algorithms deliver a super clean image — even under low light conditions. Compatible with all popular meeting applications like Microsoft® Teams, Zoom™, WebEx™, and Google® Meet™, the UNITE 260 Pro supports USB 3.0 and 2.0 interfaces, and the USB interface supports YUY2, MJPEG, and H.264 video formats. It streams AV over IP using H.264 and H.265 video compression and can be powered by PoE, or 12V DC power sources. The new ClearOne UNITE 260 Pro Camera is the latest addition to a growing line of professional UNITE Cameras offered by ClearOne to meet a wide range of applications and environments. The entire line of ClearOne UNITE PTZ Cameras will be on display at ISE 2023 in Barcelona, Spain at Booth 2V650. To learn more about the new ClearOne UNITE 260 Pro Camera, visit https://www.clearone.com/unite-260-pro-camera About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com
- 01/16/2023
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Investing in Penny Stocks? 5 Basic Terms to Know
- Five must-know terms for investing in penny stocks The post Investing in Penny Stocks? 5 Basic Terms to Know appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 12/10/2022
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ClearOne Stock (CLRO): Why The Price Jumped
- The stock price of Clearone Inc (NASDAQ: CLRO) increased by 11.72% in the most recent trading session. This is why it happened.
- 01/07/2022
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4 Top Penny Stocks To Buy Right Now According To Insiders
- Insiders decided to buy these penny stocks recently The post 4 Top Penny Stocks To Buy Right Now According To Insiders appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.
- 01/06/2022
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ClearOne Joins TSI APAC-MEA Hub as a Signature Sponsor
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO), a leading global supplier of conferencing, collaboration, and network streaming solutions, today announced it has become a Signature Sponsor of TSI APAC-MEA Hub powered by USAV, a division of PSA Security Network (www.tsiapac-hub.net), that is comprised of a group of independent dealers, contractors, and integrators working in electronic security, building automation, and custom electronics. “TSI APAC-MEA Hub is excited to have ClearOne
- 10/11/2021
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Shure Withdraws False Advertising and Other Related Claims from Upcoming Delaware Trial Against ClearOne
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communication solutions, today comments on developments in its litigation against Shure Incorporated in the U.S. District Court for the District of Delaware. On September 17, Shure informed ClearOne that it “will not assert claims at trial regarding ClearOne's alleged false advertising under the Lanham Act, violation of the Delaware Deceptive Trade Practices Act, tortious interference, or unf
- 10/04/2021
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ClearOne Debuts Enhanced UNITE 200 Pro Camera With 20x Zoom
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne Debuts Enhanced UNITE 200 Pro Camera with 20x Zoom; Latest feature-rich UNITE® camera is ideal for large conference room environments.
- 09/20/2021
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ClearOne Versa Mediabar Wins 2021 Residential Systems Best of Show Award
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communications solutions, today announced that its groundbreaking Versa™ Mediabar™ has been awarded a 2021 CEDIA Best of Show Award from Residential Systems, the industry-leading residential custom installation trade magazine relied upon by the custom smart home automation and home entertainment market. The Residential Systems Best of Show at CEDIA awards program celebrates the best custom in
- 09/09/2021
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New ClearOne CONVERGENCE Cloud AV Manager Creates New Revenue Generating Opportunity for Partners
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne (NASDAQ: CLRO) today announced the full-market availability of its new CONVERGENCETM Cloud AV Manager, which empowers integrators and enterprise-level users to remotely manage unlimited ClearOne systems across multiple rooms, multiple buildings and even across continents. According to ClearOne Chair & CEO Zee Hakimoglu, the new service has completed a successful beta testing period and is now immediately available to provide integrators with a simpl
- 09/07/2021
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ClearOne's COLLABORATE Space Video Conference App Now Offers Signups and Contact Searches Using Mobile Phone Numbers
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, announced that its free COLLABORATE® Space messaging and videoconferencing app now allows users to register their account using a mobile phone number, enabling users to find each other more easily and start collaborating. iOS and Android users can now launch into world-class video conferencing, presentation sharing and messaging services using the searchable ID of their choi
- 08/18/2021
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ClearOne Aura Xceed BMA Wins Prestigious TWICE VIP High-Res Audio Award
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communications solutions, today announced that its groundbreaking residential Beamforming Microphone Ceiling Array, Aura™ Xceed™ BMA, was awarded a 2021 TWICE VIP Award in the “High-Res Audio Components” category. The TWICE VIP Awards, presented by TWICE, a leading trade magazine for the consumer electronics and appliance industries, is the only awards program voted on exclusively by consumer
- 08/16/2021
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ClearOne Reports Second Quarter 2021 Financial Results
- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne Reports Second Quarter 2021 Financial Results
- 08/10/2021
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ClearOne Implements First-Class Audio Solution at Utica College's Donahue Auditorium
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne Implements First-Class Audio Solution at Utica College's Donahue Auditorium with the State-of-the-Art BMA2 Beamforming Mic Array
- 07/29/2021
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Federal Circuit Dismisses Shure's Appeal of District Court Order Holding Shure in Contempt
- SALT LAKE CITY--(BUSINESS WIRE)-- #bma360--ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communication solutions, today comments on an Opinion issued by the U.S. Court of Appeals for the Federal Circuit (the “Federal Circuit”) regarding an appeal filed before that court by Shure Incorporated (“Shure”). Through the appeal, Shure sought to overturn an order of the U.S. District Court for the Northern District of Illinois (the “District Court”) that held Shure in contempt for market
- 07/21/2021
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ClearOne Launches All-in-One Versa™ Mediabar™ for Professional Quality Videoconferencing
- SALT LAKE CITY--(BUSINESS WIRE)-- #clearone--The ClearOne Versa Mediabar with natural-sounding audio and true-to-life video is perfect for huddle and smaller spaces.
- 07/14/2021
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New ClearOne UNITE® 180 ePTZ Camera Delivers 180-degree Panoramic View
- SALT LAKE CITY--(BUSINESS WIRE)-- #ClearOne--ClearOne's new UNITE 180 Panoramic Camera provides a full 180-degree view for video conferencing applications
- 07/07/2021
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ClearOne Aura Video Conferencing System Helps City Tourism Agency Present At Its Best for Prospective Events and Visitors
- “Investing a little to attract major events is just good business”, says Visit Salt Lake SVP Mark White. “Investing a little to attract major events is just good business”, says Visit Salt Lake SVP Mark White.
- 06/30/2021
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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 successful national road show, now renamed the “ClearOne Re-Connections Tour,” which is presently on the road visiting cities in different parts of the country.
- 06/22/2021
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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 BMA 360 Beamforming Microphone Array Ceiling Tile and ClearOne's UNITE® 200, or any other Pan-Tilt-Zoom (PTZ) camera that complies with the industry-standard VISCA control protocol.
- 06/17/2021
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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 Technology) Award in the commercial microphone category. The annual innovation awards program is hosted by industry leading publications CE Pro and Commercial Integrator.
- 06/08/2021
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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 equipment is vital for artists to leverage new opportunities
- 06/02/2021
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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.
- 05/19/2021
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ClearOne Reports First Quarter 2021 Financial Results
- SALT LAKE CITY, May 13, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three months ended March 31, 2021.
- 05/13/2021
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New ClearOne CONVERGENCE AV Cloud Software Enables Powerful Management as a Service for AV Recurring Revenue Opportunities
- SALT LAKE CITY, May 06, 2021 (GLOBE NEWSWIRE) -- Adding to the performance capabilities of its CONVERGENCE® AV Network Manager solution, ClearOne (NASDAQ: CLRO), a global market leader for conferencing, collaboration, and network streaming solutions, today announced the immediate availability of CONVERGENCE AV Cloud, which significantly expands AV Practitioner recurring revenue opportunities for remote, real-time Management as a Service (MaaS).
- 05/06/2021
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Serial Entrepreneur Embraces ClearOne Aura System for Simple, Professional-Grade Videoconferencing
- CelebExperts CEO Evan Morgenstein adapts to new work realities with ClearOne's stunning video and audio quality, ensuring that “we get it done, no matter what”. CelebExperts CEO Evan Morgenstein adapts to new work realities with ClearOne's stunning video and audio quality, ensuring that “we get it done, no matter what”.
- 04/27/2021
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Bon Jovi Bassist Hugh McDonald Finds Clarity in Remote Work with ClearOne Aura® Versa® 50 Audio and Video Solution
- SALT LAKE CITY, April 13, 2021 (GLOBE NEWSWIRE) -- As the bassist and backup singer for legendary rock band Bon Jovi, Hugh McDonald admits that his performances rely on trusted legacy equipment and he doesn't concern himself too much with following the latest performance gear and technology. But after a year of cancelled tours and countless hours using the integrated webcam and microphone on his laptop, McDonald recently recognized that, in his own words, “There has to be a better way to do this.”
- 04/13/2021
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CLRO Stock Price Increased Over 35% Pre-Market: Why It Happened
- The stock price of ClearOne (NASDAQ: CLRO) increased by over 35% pre-market. This is why it happened.
- 03/31/2021
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ClearOne Reports Fourth Quarter 2020 Financial Results
- SALT LAKE CITY, March 30, 2021 /PRNewswire/ -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and twelve- month periods ended December 31, 2020. "We finished 2020 with sterling fourth quarter revenue performance.
- 03/30/2021
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Addition of Voice Lift Technology Further Enhances Performance Capabilities of ClearOne's BMA 360 Beamforming Microphone Array
- Now available worldwide, the Voice Lift upgrade rounds out the BMA 360 offering to include everything desired in a beamforming microphone array ceiling tile. Now available worldwide, the Voice Lift upgrade rounds out the BMA 360 offering to include everything desired in a beamforming microphone array ceiling tile.
- 03/29/2021
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ClearOne's 2021 Product Line Merits High Praise from Industry Leading Tech Media
- Recognition by both consumer and trade media provide momentum to the company's 2021 marketing campaign. Recognition by both consumer and trade media provide momentum to the company's 2021 marketing campaign.
- 03/11/2021
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ClearOne Aura® Versa™ 50 Video Conferencing System Is Ideal for Home Offices, Says Security Industry Executive Reed Grothe
- SALT LAKE CITY, March 02, 2021 (GLOBE NEWSWIRE) -- , March 2, 2021 — As Senior Vice President of Global Business Development for Alarm.com , Reed Grothe can spend more than eight hours each day on conference calls with national and international partners. Having become accustomed to the professional-grade AV technologies used in the company's offices, the rapid shift to working from home that occurred in 2020 quickly taught Grothe the value of these technologies and led him to seek out the ideal solution to create a premium video conferencing experience from home. That's when he discovered the Versa ™ 50 , a complete conferencing solution offering from ClearOne Aura®..
- 03/02/2021
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Voice Lift Added to the ClearOne BMA 360 Will Set Another Industry Standard for Exceptional Mic Pickup Distance and System Gain
- SALT LAKE CITY, Feb. 23, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO) expands applications for the BMA 360 Beamforming Microphone Array Ceiling Tile with a new Voice Lift feature that allows its impeccable audio to be locally amplified and heard throughout classrooms, lecture halls, and large meeting rooms.
- 02/23/2021
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ClearOne Advances Collaboration with Free COLLABORATE® Space Messaging App Featuring World-Class Video and Audio Capabilities
- SALT LAKE CITY, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Reaffirming its commitment to make 2021 the year that widespread collaboration becomes a reality for everyone, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, today announced that its COLLABORATE® Space lifetime subscription messaging app featuring world-class video and audio, as well as unlimited meeting time, is available for free here .
- 02/16/2021
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ClearOne Defeats Shure's Meritless Preliminary Injunction Motion
- SALT LAKE CITY, Feb. 09, 2021 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communication solutions, today comments on the Order issued by the Honorable Richard G. Andrews of the U.S. District Court of Delaware adopting a Report and Recommendation denying Shure Incorporated's (“Shure's”) motion for a preliminary injunction (“PI Motion”) to stop the sale of ClearOne's innovative Ceiling Tile Beamforming Mic Array (“BMA CT”) and Huddle-compatible Ceiling Tile Beamforming Array (“BMA CTH”) products.
- 02/09/2021
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ClearOne Aura® Cameras and Mics Help Styx' Bassist Ricky Phillips Maximize Online Engagement and Collaboration
- “New normal” pushes veteran musician to upgrade his Austin, TX home studio with remote collaboration tools and develop new channels for fan outreach, performances and revenue. “New normal” pushes veteran musician to upgrade his Austin, TX home studio with remote collaboration tools and develop new channels for fan outreach, performances and revenue.
- 02/02/2021
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ClearOne Enhances “The New Normal” Hybrid Work and Learning Environment with New Entry-Level and High-End Cameras
- Cameras deliver new video options and specialized features to make remote collaboration better than ever particularly when paired with a free COLLABORATE Space lifetime cloud-based video application subscription. Cameras deliver new video options and specialized features to make remote collaboration better than ever particularly when paired with a free COLLABORATE Space lifetime cloud-based video application subscription.
- 01/12/2021
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ClearOne Partners with ADI Global in the United States to Drive Sales Through Value-Added Distribution
- ADI Global now offers the entire line of ClearOne professional audio, video, collaboration and AV Networking solutions ADI Global now offers the entire line of ClearOne professional audio, video, collaboration and AV Networking solutions
- 01/07/2021
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ClearOne Appoints Chromasound as Distributor in Hungary
- SALT LAKE CITY, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Addressing further growth in the Eastern European AV markets, ClearOne, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, has appointed Chromasound PLC, based in Budapest, Hungary, as its newest distribution partner.
- 12/10/2020
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ClearOne Expands Middle East Distribution with New Redington Partnership
- SALT LAKE CITY, Dec. 10, 2020 (GLOBE NEWSWIRE) -- As Middle East AV markets continue to grow, ClearOne, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, begins its newest partnership agreement for distribution of Audio Conferencing, Visual Collaboration, and AV Networking throughout the Middle East with Redington, a multi-billion dollar end-to-end supply chain solutions provider for all categories of Information Technology, Telecom, and Digital Lifestyle products.
- 12/10/2020
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New ClearOne BMA 360 Beamforming Microphone Array Ceiling Tile Receives a 2020 Sound & Video Contractor Magazine Innovation Product Award
- SALT LAKE CITY, Dec. 8, 2020 /PRNewswire/ -- Underscoring the overwhelmingly positive market reaction to its introduction, ClearOne (NASDAQ:CLRO), a leading global provider of audio and visual communication solutions, today announced that its new BMA 360 Beamforming Microphone Array...
- 12/08/2020
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ClearOne's CONVERGENCE AV Network Manager Upgraded to Support the New BMA 360 and Thousands More Devices and Users
- SALT LAKE CITY, Nov. 23, 2020 (GLOBE NEWSWIRE) -- CONVERGENCE® AV Network Manager software from ClearOne (NASDAQ:CLRO) now supports its new Ceiling Tile Beamforming Microphone Array, the BMA 360. In addition, CONVERGENCE has been upgraded to increase its database connection pool to an effectively unlimited number of ClearOne devices and users on a single network.
- 11/23/2020
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ClearOne Strengthens India Distribution with Trustech
- SALT LAKE CITY, Nov. 23, 2020 (GLOBE NEWSWIRE) -- Responding to growing regional demand for the expanding audio conferencing, visual collaboration, and AV networking solutions, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, bolsters its sales network throughout India with its newest distributor, Trustech Audio Visual Solution LLP.
- 11/22/2020
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ClearOne Reports Third Quarter 2020 Financial Results
- SALT LAKE CITY, Nov. 16, 2020 (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, 2020.
- 11/16/2020
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Mid-Afternoon Market Update: Dow Rises 350 Points; Cassava Sciences Shares Spike Higher
- Toward the end of trading Monday, the Dow traded up 1.27% to 28,016 while the NASDAQ rose 1.74% to 11042.51. The S&P also rose, gaining 1.41% to 3,387.94.
The U.S. has the...
- 09/14/2020
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Patent Board Narrows Shure’s BMA Patent
- U.S. Patent and Trademark Office decision cancels most claims of Shure’s beamforming patent.SALT LAKE CITY, Aug. 17, 2020 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ:CLRO), a leading global provider of audio and visual communication solutions, announced that the Patent Trial and Appeal Board (PTAB) of the United States Patent and Trademark Office (PTO) issued a decision today significantly limiting Shure’s U.S. Patent No. 9,565,493 (the “’493 Patent”). The ’493 Patent was Shure’s attempt to patent aspects of beamforming microphone arrays (BMAs), a technology that ClearOne has pioneered. Shure obtained the ’493 Patent in 2017 with 40 claims directed at circular BMA arrays and ceiling-tile-shaped BMAs. ClearOne challenged the patent in 2019 based in part on its own earlier patents as prior art to Shure. The PTAB largely agreed with ClearOne. Today’s decision cancels 38 of the 40 claims originally in the ’493 Patent. The two surviving original claims are narrow dependent claims relating to circular BMA arrays. Shure also lost all of the original claims directed at ceiling-tile-shaped BMAs in the ’493 Patent and was forced to replace all eleven such claims with eleven new narrower claims.“Rather than 40 claims, the ’493 Patent now has just 13 narrower claims. ClearOne is confident that its products do not infringe those claims, and we believe that the ’493 Patent in its present wounded form has no real significance in the market,” said ClearOne Chair and CEO Zee Hakimoglu.ClearOne’s BMA technology is protected by at least a dozen patents and pending patent applications. ClearOne has asserted that Shure infringes several ClearOne patents, including U.S. Patent No. 9,813,806, which Shure is preliminarily enjoined from infringing and which was a key piece of prior art against the ’493 Patent in today’s decision. “This is another significant victory for ClearOne,” added Hakimoglu.The case number at the PTAB is IPR2019-00683, which can be viewed here.About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.© Copyright 2020, ClearOne, Inc. All rights reserved. ClearOne©, the ClearOne logo, and the names and marks associated with ClearOne's products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners. CONTACT: Contact: Bob Griffin Griffin360 +1 212 481 3456 x16 bob@griffin360.com
- 08/17/2020
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ClearOne Reports Second Quarter 2020 Financial Results
- * Q2 Video revenue increases by 40% year-over-year * Overall revenue grows by 11% quarter-over-quarter sequentially * New solutions incorporating the Beamforming Microphone Array Ceiling Tile drive year-over-year and sequential BMA revenue growth despite COVID-19SALT LAKE CITY, Aug. 14, 2020 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and six month periods ended June 30, 2020."We posted solid double-digit sequential revenue growth thanks to our innovative video products and BMA based solutions. Sales performance of our ground-breaking new solutions incorporating our Beamforming Microphone Array Ceiling Tile was impressive given the challenges posed by the COVID-19 environment for global installed audio conferencing market," said Zee Hakimoglu, CEO and Chair of ClearOne."The versatility of our solutions is highlighted by the success of our video products which are tailor-made for verticals like education and enterprises looking to professionally equip their remote workforce. We believe our outlook for Q3 is very positive as we have already recorded in excess of $5 million in bookings that include shipped revenue and backlog, most of which we expect to fulfill this quarter," Hakimoglu added."Our continuing investment in advanced technologies has resulted in another significant patent relating to beamforming microphone array technology awarded to us by the US Patent and Trademark Office. This important patent describes a ceiling tile microphone that includes beamforming, acoustic echo cancellation, and adaptive acoustic processing that automatically adjusts to a room configuration. There is no language in the claims of the new patent limiting its scope to flush-mounted ceiling tile beamforming microphone arrays, as opposed to non-flush mounted ceiling tile beamforming microphone arrays," Hakimoglu concluded. Financial SummaryThe Company uses certain non-GAAP financial measures and reconciles those to GAAP measures in the attached tables. * Q2 2020 revenue was almost the same as revenue in Q2 2019 at $6.4 million, compared to $5.7 million in Q1 2020. The sequential increase was mainly due to the increase in revenue from video products, personal audio conferencing products and beamforming microphone array products. Despite the sequential increase in Q2, the revenue from our audio conferencing products and microphones are far below the levels prior to infringement of our patents. * GAAP gross profit in Q2 2020 was $2.6 million compared to $2.9 million in Q2 2019 and $2.8 million in Q1 2020. GAAP gross profit margin was 41% in Q2 2020, compared to 46% in Q2 2019 and 49% in Q1 2020. Gross profit margin decreased year over year mainly due to a shift in the revenue mix, increased freight and tariff costs and increased inventory obsolescence costs, partially offset by a decrease in overhead costs. Sequential gross profit margin was negatively impacted by a shift in our revenue mix in addition to factors like higher tariff burden, higher freight costs and increased inventory obsolescence costs. * Operating expenses in Q2 2020 were $4.5 million, compared to $5.0 million in Q2 2019 and $4.6 million in Q1 2020. Non-GAAP operating expenses in Q2 2020 were $4.0 million, compared to $4.7 million in Q2 2019 and $4.2 million in Q1 2020. The majority of the sequential decline as well as decrease in Q2 2020 operating expenses over Q2 2019 is attributable to decreases in each of trade-show related expenses, employee travel related expenses, demonstration inventory expenses, and independent rep commissions partially offset by an increase in employee benefits costs. * GAAP net loss in Q2 2020 was $1.9 million, or $0.12 per share, compared to net loss of $2.1 million, or $0.13 per share, in Q2 2019 and net loss of $1.8 million, or $0.11 per share, in Q1 2020. The decrease in net loss in Q2 2020 compared to Q2 2019 was primarily due to a decrease in operating costs partially offset by a reduction in gross margin. The net loss in Q2 2020 does not materially vary from the net loss in Q1 2020.($ in 000, except per share) Three months ended June 30, Six months ended June 30, 2020 2019 Change 2020 2019 Change GAAP Revenue$6,357 $6,420 -1% $12,091 $12,725 -5% Gross profit 2,618 2,939 -11% 5,456 5,643 -3% Operating expenses 4,457 5,043 -12% 9,046 10,138 -11% Operating loss (1,839) (2,104)-13% (3,590) (4,495)-20% Net loss (1,937) (2,098)-8% (3,784) (4,447)-15% Diluted loss per share (0.12) (0.13)-8% (0.23) (0.27)-15% Non-GAAP Non-GAAP gross profit$2,618 $2,941 -11% $5,458 $5,647 -3% Non-GAAP operating expenses 4,034 4,654 -13% 8,220 9,313 -12% Non-GAAP operating loss (1,416) (1,713)-17% (2,762) (3,666)-25% Non-GAAP net loss (1,514) (1,707)-11% (2,956) (3,618)-18% Non-GAAP Adjusted EBITDA (1,296) (1,536)-16% (2,503) (3,315)-24% Non-GAAP loss per share (diluted) (0.09) (0.10)-10% (0.18) (0.22)-18% Balance Sheet Highlights At June 30, 2020, cash, cash equivalents and investments were $6.1 million, as compared with $8.6 million at December 31, 2019. The Company carries a debt of $3.8 million on account of senior convertible notes issued in December 2019 and a Paycheck Protection Program (PPP) loan in April 2020. The Company intends to use the entire PPP loan amount for qualifying expenses and to apply for forgiveness of the PPP loan.About ClearOneClearOne is a global company that designs, develops and sells conferencing, collaboration, and network streaming solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. Visit ClearOne at www.clearone.com. Non-GAAP Financial MeasuresTo supplement our consolidated financial statements presented on a GAAP basis, ClearOne uses non-GAAP measures of gross profit, operating income (loss), net income (loss), adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) and net income (loss) per share, which are adjusted to exclude certain costs, expenses, gains and losses we believe appropriate to enhance an overall understanding of our past financial performance from period to period and also our prospects for the future. These adjustments to our current period GAAP results are made with the intent of providing both management and investors a more complete understanding of ClearOne’s underlying operational results and trends and our marketplace performance. The non-GAAP results are an indication of our baseline performance before certain gains, losses, or other charges that are considered by management to be outside of our core operating results. In addition, these adjusted non-GAAP results are among the primary indicators management uses as a basis for our planning and forecasting of future periods. The presentation of this additional non-GAAP financial information is not meant to be considered in isolation or as a substitute for gross profit, operating income (loss), net income (loss), income (loss) per share or other financial measures prepared in accordance with GAAP. There are limitations to the use of non-GAAP financial measures. Other companies, including companies in ClearOne’s industry, may calculate non-GAAP financial measures differently than ClearOne does, limiting the usefulness of those measures for comparative purposes. A detailed reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included with this release below. Forward Looking StatementsThis release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements and any statements of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements. The information in this press release should be read in conjunction with, and is modified in its entirety by, the Annual Report on Form 10-K (the “10-K”) filed by the Company for the same period with the Securities and Exchange Commission (the “SEC”) and all of the Company’s other public filings with the SEC (the “Public Filings”).In particular, the financial information contained herein is subject to and qualified by reference to the financial statements contained in the 10-Q, including the footnotes thereto, as well as the Company’s annual report on Form 10-K for the year ended December 31, 2019 (the “10-K”), the footnotes thereto and the limitations set forth therein. Investors may not rely on the press release without reference to the 10-Q, the 10-K and the Public Filings.Contact: Investor Relations 801-975-7200 investor_relations@clearone.com http://investors.clearone.com CLEARONE, INC.
- 08/14/2020
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COLLABORATE Space cloud-based video conferencing now allows users to see as many as 49 video call participants at once
- Other new features added to enrich the experience COLLABORATE See up to 49 video participants in a meeting.SALT LAKE CITY, Aug. 11, 2020 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ:CLRO) has expanded the number of participants visible during a COLLABORATE® Space meeting to 49. The 7x7 gallery view enables greater engagement between the host and participants in large meetings. Other new features have been added to enrich the experience.Users can now easily reach out to colleagues, business partners, or customers outside of their enterprise group who are also using COLLABORATE Space by inviting them to share their Space contact information. Pro and Enterprise-level users can enjoy meetings with up to 100 participants and will be increased to 300 participants soon.Also added, meeting organizers can receive an email summary with the list of participants who joined any meeting, classroom, or webinar, allowing organizers to easily generate attendance reports. The COLLABORATE Space Classroom option now supports up to 150 participants and can be expanded through additional licensing options in increments of 100. Classroom is available as an option with all three COLLABORATE Space models – Basic, Pro, and Enterprise.Additionally, COLLABORATE Space is now offered as an optional self-purchase model thru the collaboratespace.net web portal. Purchases, renewals, and updates can be made from the web portal and are immediately accessible.ClearOne’s COLLABORATE Space is a powerful collaboration application with a full suite of audio, video, and meeting tools in a persistent space.Learn more about COLLABORATE Space cloud-based video collaboration app here. For high-res image, please click here.About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.© Copyright 2020, ClearOne, Inc. All rights reserved. ClearOne©, the ClearOne logo, and the names and marks associated with ClearOne's products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries. All other trademarks are property of their respective owners.Attachment * COLLABORATE CONTACT: Contact: Bob Griffin Griffin360 +1 212 481 3456 x16 bob@griffin360.com
- 08/11/2020
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ClearOne Awarded Important New Patent for Beamforming Microphone Array Innovations
- SALT LAKE CITY, July 29, 2020 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, announced today that it has been awarded a significant new patent relating to beamforming microphone array technology by the US Patent and Trademark Office. ClearOne’s innovative new patent, US Patent No. 10,728,653 (the “’653 Patent”), is entitled “Ceiling Tile Microphone.” It describes a ceiling tile microphone that includes beamforming, acoustic echo cancellation, and adaptive acoustic processing that automatically adjusts to a room configuration. There is no language in the claims of the new patent limiting its scope to flush-mounted ceiling tile beamforming microphone arrays, as opposed to non-flush mounted ceiling tile beamforming microphone arrays.The ’653 Patent is a member of a family of patents and applications that includes US Patent No. 9,813,806. That patent family includes issued patents and patent applications that cover ceiling tile and wall tile embodiments of beamforming microphone arrays, as well as augmentation of beamforming microphone arrays with non-beamforming microphones.The ’653 Patent is part of ClearOne’s valuable patent portfolio covering new technologies in the fields of audio and video processing, streaming, and innovative communication technologies. ClearOne’s patents reinforce and protect its position as a market leader and demonstrate ClearOne’s ongoing ability to develop cutting-edge technologies and products. About ClearOneClearOne is a global market leader enabling conferencing, collaboration, and network media streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability and scalability.Printable releases are available in our Investor Relations area at http://investors.clearone.com. CONTACT: Contact: Bob Griffin Griffin360 +1 212 481 3456 x16 bob@griffin360.com
- 07/29/2020
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ClearOne Taps Craig Paller for Senior Director for Sales Development
- Craig Paller Craig Paller named ClearOne’s Senior Director for Sales DevelopmentSALT LAKE CITY, July 28, 2020 (GLOBE NEWSWIRE) -- ClearOne (NASDAQ: CLRO), the leading global provider of audio and visual communication solutions, continues its focus on consultative sales for partners across all verticals with the appointment of AV industry expert, Craig Paller as Senior Director for Sales Development. “ClearOne has always worked closely with partners to keep the sales organization close to the pulse of the industry and providing that high-engagement our customers expect,” said ClearOne President and CEO Zee Hakimoglu. “Craig Paller fills a new position in our organization to engage even further with new verticals and new influencers– with the ClearOne mantra of approachability and support.”Paller will be dedicated to seeking out new partnerships and creating further inroads for ClearOne to support a wider variety of partners and end-users. His development of sales opportunities is a collaborative effort with internal sales resources and executive leadership.Craig Paller joins ClearOne with over 20-years of professional audiovisual experience. He has held leadership positions with Harman Professional, Listen Technologies, and Shure, Inc., and most recently served as GM, Americas and Global Business Development for Music Tribe. “My background in sales, marketing and key customer development are crucial to expanding existing relationships while finding new areas of growth.” Paller states. "ClearOne has a great heritage, a wide portfolio and a fantastic solutions roadmap. I’m very excited to be part of this team, and I look forward to maximizing new opportunities for ClearOne.” About ClearOne ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at www.clearone.com.Attachment * Craig Paller CONTACT: Contact: Bob Griffin Griffin360 +1 212 481 3456 x16 bob@griffin360.com
- 07/28/2020
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ClearOne Names Scott Fike as Associate Vice President and Consultant Liaison, North America
- SALT LAKE CITY, July 09, 2020 -- ClearOne (NASDAQ: CLRO), the leading global provider of audio and visual communication solutions, is enhancing the comprehensive support.
- 07/09/2020
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Ashanti Long Promoted to Associate Vice President for Strategic Partners
- SALT LAKE CITY, July 07, 2020 -- ClearOne (NASDAQ: CLRO), the leading global provider of audio and visual communication solutions, strengthens its support of strategic.
- 07/07/2020
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ClearOne to Demonstrate Continued Commitment to Innovation at InfoComm 2020 Connected
- SALT LAKE CITY, June 11, 2020 -- ClearOne (NASDAQ:CLRO) is showcasing three recent new products at InfoComm 2020 Connected, the June 16-18 virtual AV product information,.
- 06/11/2020
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64 Stocks Moving In Tuesday's Mid-Day Session
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ClearOne’s New COLLABORATE Versa Lite CT featuring a USB-Enabled Beamforming Ceiling Tile Microphone Array – Now Shipping Worldwide
- SALT LAKE CITY, June 02, 2020 -- ClearOne (NASDAQ:CLRO), announces worldwide shipping of its new COLLABORATE® Versa Lite CT, featuring a USB-audio enabled Beamforming Ceiling.
- 06/02/2020
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ClearOne Q1 EPS $(0.090) Up From $(0.110) YoY, Sales $5.734M Down From $6.305M YoY
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ClearOne Reports First Quarter 2020 Financial Results
- ●BMA CT drives year-over-year Pro Audio revenue growth●Q1 Non-GAAP Operating expenses declined by 10% year-over-year●Overall revenue down 9% year-over-year. SALT LAKE CITY,.
- 05/20/2020
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ClearOne Highlights Report And Recommendation Issued By US District Court For Denial Of Shure's Emergency Motion For Temporary Restraining Order To Stop Sale Of Co.'s Huddle-Compatible Ceiling Tile Beamforming Array Products
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ClearOne Defeats Shure’s Groundless Motion for a Temporary Restraining Order
- ClearOne (CLRO), a leading global provider of audio and visual communication solutions, today comments on the Report and Recommendation issued by the Honorable Christopher J. Burke of the U.S. District Court of Delaware recommending the denial of Shure Incorporated’s (“Shure’s”) emergency motion for a temporary restraining order (“Motion”) to stop the sale of ClearOne’s innovative Huddle-compatible Ceiling Tile Beamforming Array (“BMA CTH”) products. In November 2019, ClearOne announced its COLLABORATE® Versa Pro CT product offering, which combines the BMA CTH with the CONVERGE® Huddle audio DSP to provide superior functionality and audio quality for small- to medium-sized rooms.
- 05/05/2020
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ClearOne Defeats Shure's Groundless Motion for a Temporary Restraining Order
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New UNITE® 20 Pro Webcam from ClearOne provides full 1080p HD resolution with a 120° ultra wide-angle field of view
- SALT LAKE CITY, April 21, 2020 -- Bringing pro-quality web collaboration options to personal conferencing spaces, ClearOne (NASDAQ:CLRO), the leading global provider of audio.
- 04/21/2020
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New UNITE® —… Pro Webcam from ClearOne provides full –…8…p HD resolution with a ...
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ClearOne Reports Won New Strategic Patent For Power Over Ethernet Systems
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ClearOne Awarded New Strategic Patent for Power over Ethernet Systems
- ClearOne (CLRO), a global provider of audio and visual communication solutions, announced today that it has been awarded a strategic new patent relating to power transmission for Power over Ethernet (PoE) systems by the US Patent and Trademark Office. Awarded on April 14, 2020, the patent describes a simple method for providing power to multiple devices in a “daisy-chain” series connection using PoE. Use of the new method can eliminate the 100-meter Ethernet distance constraint for power and data transmission.
- 04/16/2020
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ClearOne Earlier Reported Q4 EPS $(0.1) Up From $(0.18) YoY, Sales $6.325M Down From $7.213M YoY
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Does ClearOne, Inc.'s (NASDAQ:CLRO) CEO Pay Compare Well With Peers?
- Zee Hakimoglu became the CEO of ClearOne, Inc. (NASDAQ:CLRO) in 2004. This report will, first, examine the CEO...
- 03/31/2020
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ClearOne Reports Fourth Quarter 2019 Financial Results
- Sequential quarterly revenue up by 5.6%Professional audio revenue growth driven by the Beamforming Microphone Array Ceiling TileQ4 Overall revenue down year-over-year by 12%Q4.
- 03/31/2020
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Stocks That Hit 52-Week Highs On Tuesday
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ClearOne Now Offers Seamless Workflows by Integrating COLLABORATE Space Cloud-based Video App with Microsoft Teams
- SALT LAKE CITY, March 24, 2020 -- ClearOne (NASDAQ:CLRO) provides seamless access to COLLABORATE® Space, its video cloud-based collaboration application, within the Microsoft.
- 03/24/2020
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ClearOne Now Offers Seamless Workflows by Integrating COLLABORATE Space Cloud-based Video App ...
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ClearOne Upgrades Its Cloud-Based Collaboration Software, Adding New Webinar Feature and Web RTC for Simple Browser Access
- SALT LAKE CITY, Utah, March 12, 2020 -- COLLABORATE® Space, the powerful cloud-based collaboration solution from ClearOne (NASDAQ:CLRO), adds two new valuable features -.
- 03/12/2020
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ClearOne Prevails Again – Wins Against Shure Regarding the Validity of ClearOne’s BMA Patent
- U.S. Court of Appeals for the Federal Circuit Affirms Patent and Trademark Office decision upholding validity of ClearOne beamforming patent. SALT LAKE CITY, March 09, 2020 (GLOBE NEWSWIRE) -- ClearOne (CLRO), a leading global provider of audio and visual communication solutions, today announced that the U.S. Court of Appeals for the Federal Circuit (“Federal Circuit”) issued a judgment last Friday affirming a January 2019 decision by the Patent Trial and Appeal Board (PTAB) of the United States Patent and Trademark Office (PTO) confirming the patentability of all claims of U.S. Patent No. 9,264,553 (the “’553 Patent”). Shure challenged the validity of the ’553 Patent through the inter partes review process in the PTO after ClearOne accused Shure of infringing multiple ClearOne patents covering fundamental BMA technology.
- 03/09/2020
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Stocks That Hit 52-Week Highs On Thursday
- On Thursday, 28 stocks hit new 52-week highs.
Interesting Highlights:
JD.com (NASDAQ: JD) was the largest firm on a market cap basis to set a new 52-week high....
- 03/05/2020
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92 Biggest Movers From Yesterday
- Gainers
Cellect Biotechnology Ltd. (NASDAQ: APOP) shares jumped 45% to close at $3.03 on Wednesday. Cellect Biotechnology and Canndoc Ltd. agreed to enter into strategic pharma...
- 03/05/2020
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70 Stocks Moving In Thursday's Mid-Day Session
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60 Stocks Moving In Wednesday's Mid-Day Session
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All ClearOne Cameras Now Zoom™ Certified With the Addition of the UNITE® 200 to the Lineup
- SALT LAKE CITY, March 02, 2020 -- To further bolster its lineup of professional conferencing cameras, ClearOne (NASDAQ:CLRO), announces its third Zoom Certification, now for.
- 03/02/2020
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All ClearOne Cameras Now Zoom™ Certified With the Addition of the UNITE® —…… to the ...
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ClearOne Seeks Order Holding Shure in Contempt for Marketing and Selling the MXA910W-A in Violation of 2019 Preliminary Injunction
- SALT LAKE CITY, Feb. 24, 2020 (GLOBE NEWSWIRE) -- ClearOne (CLRO), a leading global provider of audio and visual communication solutions, on February 21, 2020, asked for a Court order that Shure has been manufacturing, marketing, and selling its redesigned MXA910, the MXA910W-A released in December 2019, in violation of a preliminary injunction issued by Judge Edmond E. Chang of the U.S. District Court of the Northern District of Illinois. ClearOne’s filing asserts that Shure has been willfully manufacturing, marketing, and selling its MXA910W-A in a way that “encourages or allows integrators to install it in a drop-ceiling mounting configuration.” The measurements of the MXA910W-A allow it to be installed securely in the prohibited configuration in the majority of U.S. drop-ceiling grids, and Shure’s marketing materials encourage such installation.
- 02/24/2020
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ClearOne Reports Asked For Court Order Shure Is In Violation Of Prelim. Injunction Related To Manufacture, Marketing, Selling Of Redesigned MXA910
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ClearOne Features Newest Pro Audio and BYOD Video Collaboration Product Innovations at ISE 2020
- AMSTERDAM, Feb. 10, 2020 -- ClearOne (NASDAQ:CLRO) today announced the European market introduction of four new audio and video product offerings at ISE 2020 at Booth #11-D130.
- 02/10/2020
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ClearOne Announces New Touch-Panel Controller — a Perfect Addition for Pro Audio and Visual Collaboration in Meeting Rooms
- SALT LAKE CITY, Feb. 06, 2020 -- The newest Touch-Panel Controller from ClearOne (NASDAQ:CLRO), a leading global provider of audio and visual communication solutions, will be.
- 02/06/2020
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ClearOne Highlights Will Showcase Newest Touch-Panel Controller At ISE 2020
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ClearOne Announces New COLLABORATE® Versa Room CT for Unbeatable Cloud-Based Conferencing with No External DSP Needed
- SALT LAKE CITY, Feb. 05, 2020 -- ClearOne (NASDAQ:CLRO), introduces COLLABORATE Versa Room CT, providing all the equipment and accessories needed for exceptional room.
- 02/05/2020
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ClearOne Reports New COLLABORATE Versa Room CT For Cloud-Based Conferencing With No External DSP Needed
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ClearOne Unveils the New COLLABORATE® Versa Lite CT—a USB audio-enabled Beamforming Ceiling Tile Microphone Array
- AMSTERDAM, Feb. 04, 2020 -- ClearOne (NASDAQ:CLRO), introduces COLLABORATE Versa Lite CT, a USB audio enabled Beamforming Ceiling Tile Microphone Array (BMA CTH). This great.
- 02/04/2020
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ClearOne Issues Press Release Highlighting Introduction Of COLLABORATE Versa Lite CT, USB-Audio enabled Beamforming Ceiling Tile Microphone Array
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Investors Who Bought ClearOne (NASDAQ:CLRO) Shares Three Years Ago Are Now Down 84%
- While not a mind-blowing move, it is good to see that the ClearOne, Inc. (NASDAQ:CLRO) share price has gained 25% in...
- 01/31/2020
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ClearOne UNITE® Video Conferencing Cameras Now Zoom Certified
- SALT LAKE CITY, Jan. 23, 2020 -- Continuing its market innovation with the highest-value collaboration solutions for channel partners and end users, ClearOne (NASDAQ:CLRO),.
- 01/23/2020
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ClearOne Asserts that Shure’s Redesigned MXA910 Released in December 2019 Infringes ClearOne’s Beamforming Ceiling Tile Patent
- ClearOne (CLRO), a leading global provider of audio and visual communication solutions, today announced that Shure’s redesigned MXA910, the MXA910W-A released in December 2019, infringes ClearOne’s U.S. Patent No. 9,813,806 (the “Graham Patent”) and has been added as an accused product to its currently pending lawsuit against Shure in Illinois. After careful review, ClearOne believes that any installation of the MXA910W-A in a drop-ceiling mounting configuration infringes ClearOne’s Graham Patent.
- 01/13/2020
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Does ClearOne, Inc. (NASDAQ:CLRO) Have A Volatile Share Price?
- If you own shares in ClearOne, Inc. (NASDAQ:CLRO) then it's worth thinking about how it contributes to the volatility...
- 12/02/2019
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ClearOne COLLABORATE® Versa Pro CT and CONSOLE AI Now Available Worldwide!
- SALT LAKE CITY, Nov. 21, 2019 -- ClearOne (NASDAQ: CLRO), today bolstered its position as a leading global provider of audio and visual communication solutions, announcing.
- 11/21/2019
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Now shipping! The New ClearOne CONVERGENCE™ AV Network Manager
- SALT LAKE CITY, Nov. 18, 2019 -- ClearOne (NASDAQ: CLRO), a leading global provider of audio and visual communications solutions, today announced it has begun the worldwide.
- 11/18/2019
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CRWD, I, PI and LOGM among tech movers
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IBM, TEUM and LLNW among tech movers
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ClearOne Introduces New 4K Camera for Huddle Spaces and Small Meeting Rooms
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ClearOne Wins New Patent Covering Augmented Beamforming Microphone Arrays By US PTO
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ClearOne Late Wednesday Reported Q2 EPS $(0.13) Up From $(0.22) YoY, Sales $6.4M Down From $6.971M YoY
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ClearOne Wins Preliminary Injunction Against Shure's MXA910 Ceiling Array Microphone
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Shure Files Lawsuit Against ClearOne For Patent Infringement And 'Intentionally Making False Claims to Mislead Customers'
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ClearOne and Almo Professional A/V Partner for Wide Distribution of New Audio/Video and Cloud ...
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ClearOne Q1 EPS $(0.11) Up From $(0.18) YoY, Sales $6.305M Down From $7.289M YoY
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ClearOne Q4 EPS $(0.18), Sales $7.2M Beat $6.68M Estimate
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Clearone Sues Shure For Trade Secret Misappropriation And Willful Infringement Of Another Clearone Patent
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ClearOne Wins —…–9 rAVe Best of ISE Awards for Beamforming Microphone Array Ceiling Tile ...
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Top 15 Most-Volatile Stocks For Thurs., Feb. 21, 2019 Via Benzinga's Securities Lending Volatility Index Powered By Tidal Markets
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Top 15 Most-Volatile Stocks Via Benzinga's Securities Lending Volatility Index Powered By Tidal Markets
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56 Biggest Movers From Yesterday
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ClearOne Announces The Launch Of Its Patented Beamforming Microphone Array Ceiling Tile, The BMA CT
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55 Biggest Movers From Friday
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Mid-Afternoon Market Update: Lantronix Rises After Q2 Results; PG&E Shares Slide
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ClearOne Shares Spike To Intraday High On Volume, Now Up 14% For Session; Traders Circulate Word Co. Won IPR Patent Challenge Related To Shure, Patent '553
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ClearOne® Debuts the UNITE® 5…, a New Wide-Angle Camera Ideal for Huddle Space Performance ...
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ClearOne announces closing of $10M rights offering
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ClearOne Reports Expiration Of Co.'s Rights Offering Was Oversubscribed; Total Subscription Will Be Reduced Pro-Rate To Maximum Offering Of ~8.307M Shares For Gross Proceeds $10M
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ClearOne Communications Inc. Q3 EPS $(1.15) Down From $0.09 YoY, Sales $6.683M Miss $9.94M Estimate
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Mid-Afternoon Market Update: Sonoma Pharmaceuticals Falls Following Q4 Miss; Teligent Shares Surge
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ClearOne Awarded New Patent Covering USB To Bluetooth Audio Bridging By U.S. Patent and Trademark Office
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ClearOne Reports Winning Of New Patent Related To Audio Distribution Over LAN: Patent No. 9,942,604
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ClearOne Awarded New Beamforming and Acoustic Echo Cancellation Patent By The U.S. PTO
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ClearOne Reports Winning Of New Patent Related To Beamforming, Acoustic Echo Cancellation By USPTO
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ClearOne Announces Compliance with NASDAQ
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ClearOne Late Friday Reported Q4 EPS $(0.27) Missed $0.06 Est., Sales $9.26M Missed $10.81M Est.
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ClearOne Receives NASDAQ Deficiency Notification Letter For Non-Timely Filing Of 10-K
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ClearOne Reports Winning Of New Patent Related To Echo Cancellation With Beamforming Microphone Arrays
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ClearOne declares $0.07 dividend
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ClearOne Reports Winning Of New Patent For Integrated Beamforming Microphone Array, Ceiling, Wall Tile By US PTO
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ClearOne Reports Winning Of New Patent For Speech Technology By US PTO
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ClearOne Awarded New Patent relating to Audio Systems By USPTO
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ClearOne Awarded New Patent for IOT Devices by the USPTO
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Daily Insider Ratings Round Up 12/4/17: PDVW, CLRO, FLDM, PSEC, RILY, PCSB, BJRI
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ClearOne stakeholder acquires 300K shares
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Clearone 10%+ Owner Edward Bagley Buys 300,000 @ Avg Price: $7.00 -Form4
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ClearOne Reports Q3 Adj. EPS $0.09 vs $0.06 Est., Sales $10.56M vs $11.54M Est.
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Clearone 10%+ Owner: Bagley Buys 20,000 @ Avg Price: $7.55 -Form4
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clear One Reports Q1 Adj. EPS $0.02 vs $0.18 in Same Qtr. Last Year, Sales $11.678M vs $13.1M Est.
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ClearOne Reports Winning of New Patent on Echo Cancellation Using Beamforming Mics
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B. Riley Reinstates ClearOne With Buy
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Earnings Scheduled For March 14, 2017
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ClearOne declares $0.05 dividend
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Mid-Day Market Update: Dow Falls 170 Points; Straight Path Shares Surge On FCC Settlement
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ClearOne Reports Q3 Adj. EPS $0.22, Inline, Sales $12.9M vs $13.8M Est.
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ClearOne declares $0.05 dividend
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Singular Research Initiates Coverage on ClearOne at Buy, Announces $14.50 PT
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ClearOne's (CLRO) CEO Zeynep Hakimoglu on Q2 2016 Results - Earnings Call Transcript
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ClearOne misses by $0.02, misses on revenue
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ClearOne declares $0.05 dividend
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ClearOne Granted New Patent For Audio Streaming
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–… Years of Strong Returns: NetEase, Activision Blizzard
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ClearOne Has 60%+ Upside Potential
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ClearOne's (CLRO) CEO Zee Hakimoglu on Q1 2016 Results - Earnings Call Transcript
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ClearOne Reports Q1 Adj. EPS $0.18 vs $0.15 Est., Sales $13.03M vs $12.82M Est.
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ClearOne Awarded Echo Cancellation With Beamforming Microphone Arrays Patent By USPTO
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ClearOne Announces $10M Buyback Plan
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ClearOne declares $0.05 dividend
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ClearOne Awarded a New Patent on Multi-Camera/Multi-Display Video Conferencing by the U.S. Patent and Trademark Office
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ClearOne Reports Compliance With NASDAQ
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ClearOne: Continuing To Show Growth With A Resilient Balance Sheet In A Tough Environment
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ClearOne Awarded Audio Technology All-In-One Display Patent By USPTO
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ClearOne Awarded a New Patent by the U.S. Patent and Trademark Office
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ClearOne Awarded 2 New Network Audio-Video Distribution Patents by the U.S. PTO
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NASDAQ Notification Letter Says ClearOne Not in Compliance With NASDAQ Listing Rule 5250(c)(1)
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ClearOne Reports Prelim Q3 EPS $0.25 vs. Est. $0.26, Rev. $15.913M vs. Est. $16.53M
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ClearOne Increases Qtr. Dividend From $0.035 To $0.05/Share
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ClearOne declares $0.035 dividend
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ClearOne Remains Undiscovered - Here's The Scoop
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ClearOne Awarded Two New Patents by the U.S. Patent and Trademark Office
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ClearOne's (CLRO) CEO Zee Hakimoglu on Q2 2015 Results - Earnings Call Transcript
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ClearOne Reports Q2 EPS $0.20 vs. Est. $0.18, Rev. $14.013M vs. Est. $15.42M
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ClearOne declares $0.035 dividend
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5 Value Tech Stocks That Are Gaining Momentum - Analyst Blog
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Is ClearOne (CLRO) an Incredible Growth Stock? 3 Reasons Why It Will Be Tough to Beat - Tale of the Tape
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Gigamon Inc. (GIMO) in Focus: Stock Jumps 5.1% - Tale of the Tape
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ClearOne, Inc. Is Still Cheap
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Will ClearOne (CLRO) Continue to Surge Higher? - Tale of the Tape
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ClearOne's (CLRO) CEO Zee Hakimoglu on Q1 2015 Results - Earnings Call Transcript
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ClearOne beats by $0.05, misses on revenue
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