The highlights for CY2019-Q1 are as follows:
- Q1 video revenue up 13% year-over-year
- Overall revenue down by ~ 13% — continued to be impacted by infringement of ClearOne’s strategic patents
- Operating costs reduced from $6.5 million to $5.1 million year-over-year.
- Under-absorption of overhead costs reduced gross margins
- During the quarter the company started shipping its beam-forming microphone array ceiling tile