ClearOne, Inc. Reports Third Quarter 2024 Financial Results
ClearOne, Inc. (CLRO)
Last clearone, inc. earnings: 11/8 09:10 am
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Source: Business Wire
-Sequential Revenue increase points to recovery from prior year impacts--Sequential and Year-over-Year OpEx Reductions Reflect Continued Benefits of Cost Optimization Initiatives- SALT LAKE CITY--(BUSINESS WIRE)--ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended September 30, 2024.Revenue decreased 42% year over year, primarily due to a significant decrease in revenues from the audio conferencing category, which includes our DSP mixer products. “We believe this revenue decline was primarily due to the cumulative impact of past production shortages,” said Derek Graham, CEO of ClearOne. “Historically, we have seen a lag of several months between the time that our professional conferencing products are specified for a project and the date when those products are purchased for installation. Since our product availability was constrained through a significant part of Q4 2023, as a result of
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News
- ClearOne, Inc. (NASDAQ: CLRO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- ClearOne, Inc. (NASDAQ: CLRO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- ClearOne, Inc. (NASDAQ: CLRO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- ClearOne, Inc. (NASDAQ: CLRO) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- ClearOne Third Quarter 2024 Earnings: US$0.086 loss per share (vs US$0.056 loss in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
CLRO
Sec Filings
- 12/3/24 - Form 8-K
- 12/2/24 - Form 4
- 12/2/24 - Form 4
- CLRO's page on the SEC website