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ClearOne, Inc. (DE) - CLRO STOCK NEWS

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

ClearOne, Inc. (DE) Common Stock (symbol: CLRO) is a global leader in designing, developing, and selling innovative solutions for conferencing, collaboration, network streaming, and digital signage. With over 20 years in the business, ClearOne serves a wide range of organizations worldwide, including small enterprises, Fortune 1000 companies, as well as domestic and international governments and educational institutions.

Core Areas of Business:

  • Conferencing: ClearOne dominates the professional conferencing market with over 54% global market share, specializing in audio conferencing technologies. Their advanced solutions offer unparalleled functionality, reliability, and scalability.
  • Collaboration: The company develops products that enhance team collaboration, including DSP mixers, amplifiers, professional cameras, and microphones. These products are designed to meet the needs of various verticals such as education, healthcare, finance, and government.
  • Network Streaming & Signage: ClearOne’s solutions for network streaming and digital signage provide robust performance for voice and visual communications. Their video walls and streaming technologies are widely used due to their reliability and high quality.

Recent Achievements and Financial Condition:

ClearOne continues to innovate, with a broad portfolio of award-winning products benefiting from their leadership in distributed echo cancellation, automatic microphone mixing, and signal processing. The company's financial health is reinforced by its comprehensive product demand across the United States and international markets.

ClearOne sells its commercial products primarily through a network of independent distributors who then offer these products to dealers, systems integrators, and other resellers. This strategic approach helps the company maintain a strong market presence and accessibility to various end-users.

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.
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ClearOne, Inc. (NASDAQ: CLRO) to present at LD Micro Main Event XVI Conference on October 4, 2023.
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ClearOne, Inc. to present at H.C. Wainwright 25th Annual Global Investment Conference on September 11th.
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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.
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FAQ

What is the current stock price of ClearOne (DE) (CLRO)?

The current stock price of ClearOne (DE) (CLRO) is $0.49001 as of December 2, 2024.

What is the market cap of ClearOne (DE) (CLRO)?

The market cap of ClearOne (DE) (CLRO) is approximately 12.0M.

What does ClearOne, Inc. specialize in?

ClearOne, Inc. specializes in designing, developing, and selling conferencing, collaboration, network streaming, and digital signage solutions.

How long has ClearOne been in business?

ClearOne has been in business for over 20 years.

Which sectors use ClearOne's products?

ClearOne's products are used in sectors like education, enterprise, government/legal, healthcare, finance, and houses of worship.

What is ClearOne's market share in professional conferencing?

ClearOne holds over 54% of the global market share in professional conferencing.

Who are the typical customers of ClearOne?

ClearOne's customers include small enterprises, Fortune 1000 companies, domestic and international governments, and educational institutions.

What are some of the products offered by ClearOne?

ClearOne offers DSP mixers, amplifiers, video walls, professional cameras, and microphones among other products.

How does ClearOne distribute its products?

ClearOne sells its products through a network of independent distributors who then sell to dealers, systems integrators, and other resellers.

What recent achievements has ClearOne made?

ClearOne continues to innovate with a broad portfolio of award-winning products benefiting from leadership in areas like distributed echo cancellation and automatic microphone mixing.

Where does ClearOne have its business presence?

ClearOne has a business presence across the United States and international markets.

What makes ClearOne's solutions reliable and scalable?

ClearOne's solutions are known for their advanced functionality, reliability, and scalability, making them suitable for various professional applications.

ClearOne, Inc. (DE)

Nasdaq:CLRO

CLRO Rankings

CLRO Stock Data

11.98M
12.36M
48.42%
5.81%
0.06%
Communication Equipment
Telephone & Telegraph Apparatus
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United States of America
SALT LAKE CITY