From Wall Street – ClearOne – CY2019-Q1

Current Highlights

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