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 dividend, and a rights offering to current shareholders.
- ClearOne reported revenues of $6.7M compared to $10.6M in the same quarter last year.
- Focus on patent litigation continues, with costs being capitalized vs. expensed.