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 in Q1 2017 and $5.8M in Q4 2017 which included a one-time receipt of $0.8M from a legal settlement.
- GAAP net loss was $1.8M, or $0.22 per share, compared to net loss of $0.5M, or $0.05 per share, in Q1 2017 and net loss of $3.6M, or $0.43 per share, in Q4 2017.