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Stock impact report

ClearOne Slides on Q4 Loss Despite Cost Cuts & Latest Launches [Yahoo! Finance]

ClearOne, Inc. (CLRO) 
Last clearone, inc. earnings: 11/8 09:10 am Check Earnings Report
US:NASDAQ Investor Relations: clearone.com/investorrelations
Company Research Source: Yahoo! Finance
Over the past month, ClearOne shares have plunged 41.3%, significantly underperforming the broader index's 2.6% decline. ClearOne reported fourth-quarter 2024 revenues of $3 million, marking a 29% decline from $4.2 million in the fourth quarter of 2023. However, this represented an 18.1% improvement over the third quarter's $2.5 million, driven by increased shipments of video products and wireless microphones. Gross profit for the quarter was $0.9 million, down 44% year over year but up from $0.6 million in the preceding quarter. The gross margin stood at 30%, a notable improvement from 24% in the third quarter of 2024 but down from 38% a year earlier, impacted by inventory obsolescence. The company recorded a GAAP Read more
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