Revenue Performance - Q1 2024 revenue was $3.6 million, a decrease of 13% year over year from $4.2 million in Q1 2023[11] - Revenue for Q1 2024 was $3,622,000, a decrease of 13.3% compared to $4,178,000 in Q1 2023[25] - Microphone revenue increased by 31% year over year, while revenue from Asia, including India and the Middle East, rose by 18% year over year[2][3] Profitability and Loss - GAAP net loss for Q1 2024 was $(1.9) million, or $(0.08) per share, compared to a net loss of $(0.8) million, or $(0.03) per share in Q1 2023[7] - Non-GAAP net loss for Q1 2024 was $(1.8) million, or $(0.07) per share, an improvement from $(2.0) million, or $(0.09) per share in Q1 2023[13] - Net loss for Q1 2024 increased to $(1,898,000) compared to $(832,000) in Q1 2023, representing a year-over-year increase of 128.5%[25] - The company reported a comprehensive loss of $(1,878,000) for Q1 2024, compared to $(827,000) in Q1 2023[25] Operating Expenses - Operating expenses in Q1 2024 were reduced to $3.2 million, down 7.8% year over year from $3.5 million in Q1 2023[12] - Total operating expenses decreased to $3,229,000 in Q1 2024 from $3,504,000 in Q1 2023, a reduction of 7.8%[25] - The operating loss for Q1 2024 was $(2,078,000), slightly improved from $(2,189,000) in Q1 2023[25] Gross Profit and Margins - GAAP gross profit margin for Q1 2024 was 32%, a slight improvement from 31% in Q1 2023, but down from 38% in Q4 2023[6] - Gross profit for Q1 2024 was $1,151,000, down from $1,315,000 in Q1 2023, reflecting a gross margin of 31.8%[25] Cash and Investments - Cash, cash equivalents, and investments as of March 31, 2024, totaled $22.6 million, up from $22.2 million as of December 31, 2023[9] - A one-time special cash dividend of $0.50 per share was announced, payable on April 10, 2024[3] Compliance and Other Information - The company regained compliance with NASDAQ's minimum bid requirement[3] - Other income for Q1 2024 was $178,000, a significant decrease from $1,666,000 in Q1 2023[25] - GAAP diluted loss per share for Q1 2024 was $(0.08), compared to $(0.03) in Q1 2023[26] - Non-GAAP diluted loss per share for Q1 2024 was $(0.07), an improvement from $(0.09) in Q1 2023[26] Product Launch - The company launched the DIALOG® 20 USB wireless microphone system at ISE 2024, which saw a 319% increase in unique visitors compared to the previous year[3]

CLEARONE, INC. UNAUDITED NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (Unaudited - Dollars in thousands, except per share amounts) These accompanying interim unaudited condensed consolidated financial statements have been prepared by the Company pursuant to the rules and regulations of the Securities and Exchange Commission ("SEC") and are not audited. Certain information and footnote disclosures that are usually included in financial statements prepared in accordance with generally accepted account ...

Much of our marketing effort is conducted in conjunction with our channel partners who provide leverage for us in reaching existing and prospective customers worldwide. We also regularly attend industry forums and exhibit our products at multiple regional and international trade shows, often with our channel partners. These trade shows provide exposure for our brand and products to a wide audience. We market our ClearOne-branded commercial products on our website www.clearone.com. We also conduct public rel ...

ClearOne (NASDAQ:CLRO) stock is on the rise Tuesday after the video and voice network streaming solutions company announced a special dividend.ClearOne is paying out a special one-time cash dividend of 50 cents per share to investors. This dividend is payable April 10, 2024 to shareholders on record April 2, 2024.However, shareholders who sell shares before the April 10 payment date won’t receive the special dividend. This is due to it being more than 25% of the value of CLRO stock.ClearOne CEO Derek Graham ...

SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has declared a one-time special cash dividend of $0.50 per share of ClearOne common stock, payable on April 10, 2024 to shareholders of record on April 2, 2024. Because the special cash dividend exceeds twenty-five percent (25%) of the value of the Company’s common stock, in accordance with FINRA UPC (Uniform Practice Code) Rule 11140, a stockholder of the Company that sells shares of the Company’s common st ...

SALT LAKE CITY--(BUSINESS WIRE)--ClearOne, Inc. (NASDAQ: CLRO) (“ClearOne” or the "Company"), a global provider of audio and visual communication solutions, is providing a review of its 2023 operational and financial progress, along with several recent 2024 highlights. “ 2023 represented a key transition year for ClearOne,” said Derek Graham, CEO of ClearOne. “ Since my appointment as permanent CEO last January, we have focused on recovering from our multi-year litigation process and navigating the transit ...

ClearOne’s Versa® USB22D Dante® USB Adapter, enabling computers to connect to Dante networks seamlessly and offering compatibility with any audio application, will be on display at booth #2N150. (Photo: Business Wire)ClearOne’s all-new DIALOG® 20 USB Wireless Microphone System is the solution for hybrid meetings with less than four milliseconds of audio latency and a full range of microphone options. (Photo: Business Wire)ClearOne’s all-new DIALOG® 20 USB Wireless Microphone System is the solution for hybri ...

Item 6. EXHIBITS By: /s/ Narsi Narayanan Narsi Narayanan Chief Financial Officer (Principal Accounting and Principal Financial Of icer) SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ClearOne, Inc., (Registrant) By: /s/ Derek L. Graham Derek L. Graham Chief Executive Officer (Principal Executive Of icer) November 8, 2023 29 ClearOne, Inc., together with its ...

Nasdaq: CLRO Nasdaq: CLRO Investor Presentation ClearOne. This presentation includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). All statements in this report, other than statements of historical fact, are forward-looking statements for purposes of these provisions, including any projections of earnings, revenues or other financial items, any statements of th ...

(Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period _______ to _______ Commission file number:001-33660 CLEARONE, INC. (Exact name of registrant as specified in its charter) Delaware 87-0398877 | --- | --- | |-------------------------------------------------------------------------------------------- ...