From Wall Street – ClearOne – CY2020-Q1
Quarterly update including financial information and Recon Research's opinions and insight.
Quarterly update including financial information and Recon Research's opinions and insight.
Current Highlights The highlights for FY2018-Q3 (CY2018-Q3) are as follows: Revenues and profits continue to be under assault, with company management claiming the cause is patent infringement. Focus on cash management with multiple elements: cost savings (headcount), inventory management, elimination of the stock
Current Highlights The highlights for FY2018-Q2 (CY2018-Q2) are as follows: ClearOne reported revenues of $7.0M compared to $10.3M in the same quarter last year. GAAP gross profit in Q2 was $3.3M compared to $6.1M in Q2 2017. GAAP net loss was $2.2M compared to a net loss of $0.8M in Q2 2017. 48% of revenu
Trouble brewing in River City? Summary of the Earnings Report ClearOne reported revenues of $7.3M compared to $11.7M in Q1 2017 and $9.3M in Q4 2017. GAAP gross profit in Q1 2018 was $4.1M compared to $6.7M in Q1 2017 and $4.8M in Q4 2017. Operating expenses were $6.5M, compared to $7.2M
Yet another tough quarter Summary of the Earnings Report ClearOne reported total revenues of $9.3M in Q4, and $41.8M for the year 2017 vs. $10.7M and $48.6M for the corresponding periods one year earlier. Both figures represent a drop of approximately 14%. Net income was negative $3.6M for Q4 and
Product transition happening, but slower than hoped for ... Summary of the Earnings Report ClearOne reported total revenues of $10.6M in Q3, up 4% sequentially but down 18% year over year. As seen in our table below, the company’s video business is growing sharply, and represented 25% of total reve