Welcome to our dedicated page for Clearone news (Ticker: CLRO), a resource for investors and traders seeking the latest updates and insights on Clearone stock.
ClearOne Inc. (NASDAQ: CLRO) delivers innovative communication solutions for global enterprises and institutions. This news hub provides investors and industry professionals with timely updates on corporate developments, financial performance, and technological advancements shaping the collaboration technology sector.
Access official press releases covering earnings announcements, product launches, strategic partnerships, and operational milestones. Our curated collection ensures transparent access to material events affecting CLRO's market position in audio/video conferencing and network streaming solutions.
Key updates across ClearOne's core business areas including:
• Financial disclosures - Quarterly results and SEC filings
• Product innovations - New conferencing systems and collaboration tools
• Market expansion - International distribution partnerships
• Technology patents - IP developments in communication infrastructure
Bookmark this page for streamlined tracking of ClearOne's progress in transforming organizational communication through cutting-edge DSP solutions and visual collaboration technologies.
ClearOne (NASDAQ: CLRO) announced the appointment of Eric L. Robinson as Chairman of the Board, effective February 8, 2022. Robinson replaces Zeynep “Zee” Hakimoglu, who has been a Director since April 2006 and Chairman since July 2007, and will remain a Director. Robinson, who has been with ClearOne since July 2015 and served as legal counsel, expressed optimism about ClearOne’s future in the audio and visual communication solutions market. This leadership change marks a significant transition for the company as it aims for increased dominance in the sector.
ClearOne (NASDAQ: CLRO) has been awarded a new patent for its innovative Beamforming Microphone Arrays with Acoustic Echo Cancellation. This patent, U.S. Patent No. 11,240,598 issued on February 1, 2022, outlines technology that includes a unique microphone array, enhancing audio performance while maintaining a compact size. The integration of acoustic echo cancellation offers a significant advancement for conferencing applications, reflecting ClearOne's commitment to advanced audio and video technologies.
ClearOne (NASDAQ: CLRO) has been awarded a new patent for its innovative Ceiling Tile Beamforming Microphone Array System. This design allows for the separation of microphone arrays from the processing unit, enabling multiple arrays to be powered by a single computing engine, thereby reducing costs. As processing capabilities improve, organizations can connect more arrays to the same engine, extending the technology's lifespan. The patent, issued on February 1, 2022, showcases ClearOne's commitment to advancing audio and video communication technologies.
ClearOne (NASDAQ: CLRO) has announced that its Versa Lite CT, a USB audio-enabled Beamforming Ceiling Tile Microphone, is now certified for Google Meet. This certification enhances the audio experience in small to mid-sized spaces, making it ideal for meetings and remote work. The microphone features a beamforming array with 360° coverage and full-duplex transmission. ClearOne also offers peripherals like a Bluetooth wall panel and Versa HUB to expand functionality. Google Meet ranks in the top 5 for growth in cloud meetings, reinforcing the importance of this certification.
ClearOne (NASDAQ: CLRO) was awarded the CES Picks Award for its Aura Xceed Beamforming Microphone Array (BMA) at CES 2022. This innovative product is designed for home office use, allowing users to connect it via USB and featuring Bluetooth options for mobile devices. The Xceed BMA offers adaptive steering, enhancing collaboration experiences with popular applications like Microsoft Teams and Zoom. The award recognizes its contribution to the custom installation industry and reflects ClearOne's commitment to providing advanced, user-friendly conferencing solutions.
ClearOne (NASDAQ: CLRO) announces the launch of its DIALOG 10 USB, a single-channel wireless microphone system featuring professional-quality audio and USB connectivity. This system is tailored for webcasting and cloud-based collaboration platforms like Microsoft Teams and Zoom, offering easy plug-and-play functionality. Notable features include robust frequency-hopping spread-spectrum technology and FIPS 197 AES-128 encryption for security. The DIALOG 10 USB microphone is versatile, suitable for events, streaming, presentations, and more.
ClearOne (NASDAQ: CLRO) has been awarded two new patents for Power over Ethernet (PoE) technology by the US Patent and Trademark Office, Patent #11,181,959 and Patent #11,188,133. These patents introduce innovative systems for powering multiple devices in a daisy-chain manner, improving cost efficiency and reducing the need for separate cabling. This advancement solidifies ClearOne's strong position in audio and video communication technologies, further expanding its patent portfolio in significant areas affecting the industry.
ClearOne (NASDAQ: CLRO) announces its collaboration with DISH Network to enhance video conferencing capabilities in large meeting spaces by installing BMA 360 Beamforming Microphone Array Ceiling Tiles and UNITE® 200 PTZ cameras. These advancements ensure 100% audio and video coverage for rooms accommodating up to 200 people. ClearOne's solutions simplify setup, increase reliability, and reduce costs by eliminating previous codec subscriptions. The technology has received unanimous praise from DISH employees, with plans for future installations continuing this partnership.
ClearOne Inc. (NASDAQ: CLRO) reported Q3 2021 revenue of $7.0 million, a 17% decrease from $8.4 million year-over-year, primarily due to a decline in video product demand. However, core audio conferencing product revenue showed growth, aided by the BMA 360 and BMA-CT solutions. The company secured a significant legal victory against Shure, validating its product integrity. Additionally, ClearOne strengthened its balance sheet with a $10 million capital raise. Despite challenges, the focus on innovation and cost management offers potential for future growth.
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