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ClearOne Inc - CLRO STOCK NEWS

Welcome to our dedicated news page for ClearOne (Ticker: CLRO), a resource for investors and traders seeking the latest updates and insights on ClearOne.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect ClearOne's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of ClearOne's position in the market.

News
ClearOne, Inc. Reports Fourth Quarter and Full Year 2023 Financial Results
Rhea-AI Summary
ClearOne (CLRO) reported a decrease in OpEx for Q4 and full year 2023, completed manufacturing transition to Singapore, and announced a special cash dividend. The company focused on driving cost efficiencies, reducing backlog, and improving product output. Despite revenue challenges due to production shortages and lack of Microsoft Teams certification, ClearOne ended 2023 with over $21 million in cash and marketable securities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-7.65%
Tags
earnings
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News
ClearOne Announces a Special One-time Cash Dividend
Rhea-AI Summary
ClearOne (CLRO) declares a one-time special cash dividend of $0.50 per share, exceeding 25% of the stock value, payable on April 10, 2024. Future dividends subject to Board discretion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
127.55%
Tags
dividends
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News
ClearOne Reviews 2023 Operational and Financial Progress, Provides Early 2024 Highlights
Rhea-AI Summary
ClearOne, Inc. (CLRO) announces strong financial progress in 2023, with a focus on operational improvements, manufacturing transition completion, and regained Nasdaq compliance. The company enhanced its balance sheet, reduced debt, drove OpEx efficiencies, and achieved major production milestones. ClearOne also launched several new products and exhibited strong industry presence in 2023, with plans for further product rollouts in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.03%
Tags
none
News
ClearOne to Showcase Conference and Collaboration Solutions for Every Size of Meeting Space at ISE 2024
Rhea-AI Summary
ClearOne (NASDAQ: CLRO) is returning to ISE 2024 to showcase a wide range of audio conferencing, visual collaboration, BYOD collaboration, professional microphones, network management, and AV networking solutions. The company is launching new products, including the DIALOG® 20 USB Wireless Microphone System and BMA 360D beamforming microphone array ceiling tile. ClearOne aims to highlight its ability to provide solutions for every type and size of meeting environment.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2%
Tags
none
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News
ClearOne Announces Significant Balance Sheet Improvements
Rhea-AI Summary
ClearOne, Inc. (NASDAQ: CLRO) has successfully eliminated its remaining debt with a final $1 million payment on senior secured convertible notes. The company's current cash balance has increased to over $23.1 million, with an additional $4 million expected in Q1 2024. ClearOne also received a significant income tax refund and completed a non-exclusive patent cross-licensing agreement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
25.88%
Tags
none
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News
ClearOne, Inc. Reports Third Quarter 2023 Financial Results
Rhea-AI Summary
ClearOne (NASDAQ: CLRO) reported financial results for the three-month period ended September 30, 2023. The company saw significant reductions in backlog due to increased production output, and a 3% sequential and 16% year-over-year reduction in operating expenses. However, Q3 2023 revenue was $4.9 million, compared to $6.3 million in Q3 2022, with a 37% decrease in gross profit. The company also received a letter from Nasdaq regarding non-compliance with the minimum bid price requirement.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.23%
Tags
earnings
News
ClearOne to Present at the LD Micro Main Event XVI Conference on October 4, 2023 at 8:30 a.m. PT
Rhea-AI Summary
ClearOne, Inc. (NASDAQ: CLRO) to present at LD Micro Main Event XVI Conference on October 4, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.85%
Tags
conferences
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News
ClearOne to Present at the H.C. Wainwright 25th Annual Global Investment Conference on September 11, 2023 at 8:30 a.m. ET
Rhea-AI Summary
ClearOne, Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference on September 11th.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.57%
Tags
conferences
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News
ClearOne to Present at the Sidoti Micro-Cap Virtual Conference on August 17, 2023 at 2:30 p.m. ET
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.25%
Tags
conferences
News
ClearOne, Inc. Reports Second Quarter 2023 Financial Results
Rhea-AI Summary
ClearOne reports a 31% increase in total revenue for Q2 2023, driven by improved manufacturing output and sequential growth. The company also reduced operating expenses and completed a special one-time cash dividend distribution. ClearOne expects to resolve contract manufacturing interruptions in Q3 and plans to launch new products in the second half of the year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
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Tags
earnings
Stock CLRO logo
ClearOne Inc

Nasdaq:CLRO

CLRO Rankings

#5101 Ranked by Market Cap
#978 Ranked by Stock Gains
N/A Ranked by Dividends

CLRO Stock Data

23.92M
13.31M
48.46%
5.15%
3.38%
Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
Manufacturing
Link
United States
Salt Lake City

About CLRO

clearone is a global company that designs, develops and sells conferencing, collaboration, and network streaming & signage solutions for voice and visual communications. the performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. in business for over 20 years, our products are used by thousands of organizations worldwide from small enterprises to the fortune 1000, as well as domestic, international governments & educational institutions. our customers include a diverse group of market verticals such as education, enterprise, government/legal, healthcare, finance & houses of worship. we dominate the professional conferencing space with over 54% global market share & is a pioneer in audio conferencing technologies. we have developed a broad portfolio of award-winning products that benefit from our innovative leadership in areas such as distributed echo cancellation, automatic microphone mixing, signal r