Clearone Inc Stock Price, News & Analysis

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.

ClearOne (NASDAQ: CLRO) has launched the Versa Mediabar, an all-in-one audio and video capture device designed for professional use. This innovative product combines a high-quality soundbar with advanced audio and 4K camera technology. The Versa Mediabar is aimed at simplifying video conferencing in various settings, providing a user-friendly solution that requires minimal setup. It features AI-driven auto-framing and voice tracking capabilities, supports popular collaboration applications, and comes with a two-year warranty. The device is ideal for remote consultations, corporate meetings, and more.

ClearOne [NASDAQ: CLRO] has introduced the UNITE 180 ePTZ professional camera, designed to enhance video collaboration with a 180-degree panoramic field of view. This camera features six viewing modes, including Compose Mode with people tracking and Auto Framing Mode for automatic participant framing. It utilizes real-time stitching for a seamless panoramic view, ideal for wide spaces such as classrooms and training centers. The UNITE 180 is compatible with major video collaboration platforms like Microsoft Teams and Zoom.

Visit Salt Lake has recognized the need for high-quality video conferencing solutions to attract major events post-COVID-19. Senior VP Mark White emphasized that investing in ClearOne's Aura video conferencing solutions significantly enhances audio and video quality for client meetings. He reported a busy year accommodating cancellations and adapting to virtual engagements. The Aura Versa 50 system, featuring 4K video clarity, has proven easily usable and reliable, ensuring that Salt Lake City competes effectively with larger cities for global events.

ClearOne (NASDAQ: CLRO) announced the restart of its national road show, now called the “ClearOne Re-Connections Tour,” aimed at reconnecting with customers and showcasing its latest audio and visual solutions. Kicking off with stops in Memphis, Nashville, and Birmingham, the tour will continue through several cities including Fuquay-Varina, Charlotte, and Atlanta until mid-July. CEO Zee Hakimoglu emphasized the importance of in-person engagement as the company demonstrates innovative products like the BMA 360 with Voice Lift, targeting AV practitioners and their clients directly.