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, Inc. (NASDAQ: CLRO) announced a definitive agreement to sell 3,623,819 shares of common stock and comparable options in a private placement, priced at $2.76 per share. The deal, expected to generate approximately $10 million in gross proceeds, is scheduled to close on or about September 15, 2021. The company plans to utilize the funds for general corporate purposes. Additionally, ClearOne amended a $2 million bridge loan, extending its maturity from October 1, 2021, to January 3, 2022. The securities will not be registered under the Securities Act, limiting their resale.
ClearOne (NASDAQ: CLRO) has launched its new CONVERGENCE Cloud AV Manager, enabling AV and IT partners to manage multiple clients and systems remotely. Following successful beta testing, this service aims to enhance operational efficiency and create new revenue opportunities for integrators. Users benefit from features like centralized management, easy updates, and reduced site visits. The pricing model is tiered, allowing integrators to tailor service offerings and potentially lower operational costs while improving client support.
ClearOne (NASDAQ: CLRO) announced an update to its free COLLABORATE® Space app, allowing users to register with their mobile phone numbers for easier collaboration. This app offers unlimited usage with premium features, including messaging, video conferencing, and more. ClearOne emphasizes that all messages are encrypted for security, and personal data is not sold to third parties. The app can host up to ten participants without time limits, contrasting with other services. Paid subscription options are also available for larger organizations, enhancing the app's versatility.
ClearOne (NASDAQ: CLRO) reported Q2 2021 revenue of $7.7 million, a 22% increase from $6.4 million in Q2 2020, marking four consecutive quarters of year-over-year growth. Gross profit was $3.4 million, with a gross profit margin of 44.3%, up from 41.2% the previous year. Despite this, the company reported a net loss of $1.6 million, or $0.08 per share, an improvement from a loss of $1.9 million in Q2 2020. Key product launches included the BMA 360 microphone array and UNITE 180 camera, enhancing market presence and recognition.
ClearOne (NASDAQ: CLRO) returns to CEDIA 2021, showcasing its leading Aura audio and video collaboration solutions. CEO Zee Hakimoglu emphasizes the need for professional-grade technology in home offices post-COVID. The company highlights its new Aura UNITE 180 ePTZ Camera and Aura Versa Mediabar, designed for quality visual collaboration and sound. Additionally, the Aura Xceed BMA beamforming microphone array promises superior audio for conferencing. ClearOne aims to support professionals transitioning to hybrid work environments with reliable solutions.
ClearOne (NASDAQ: CLRO) has provided audio solutions for Utica College's Donahue Auditorium, aiding in enhancing audio coverage. The installation includes two BMA2 beamforming microphone arrays and a CONVERGE Pro2 48T Audio DSP, addressing student complaints about audio clarity. The system supports Zoom and Google Meet for online learning, fostering a better academic experience. Utica College plans further collaboration with ClearOne for additional installations, indicating a commitment to improving their AV capabilities.
ClearOne (NASDAQ: CLRO) reported a favorable ruling from the U.S. Court of Appeals for the Federal Circuit regarding its ongoing legal battle with Shure Incorporated. The court dismissed Shure's appeal against a contempt order from the U.S. District Court for the Northern District of Illinois, which had found Shure in contempt for marketing its MXA910-A product in violation of a preliminary injunction. The Federal Circuit upheld the contempt ruling and ordered Shure to cover certain legal costs incurred by ClearOne.
FAQ
What is the current stock price of Clearone (CLRO)?
What is the market cap of Clearone (CLRO)?
