C
CLEARONE INC
CLROCIK 0000840715NasdaqNon-AcceleratedSmaller ReportingTelephone & Telegraph ApparatusDelawareFY ends Dec 31
Period
FY 2025
Revenue
—
Net Income
$-26.08M
Total Assets
$2.30M
Equity
$-714.0K
Shares Out
2.68M
Op. Cash Flow
$-14.55M
Business
ClearOne Inc designs, develops, and sells conferencing, collaboration and network streaming solutions for voice and visual communications. Its main products include professional installed DSP-based audio-conferencing systems, USB speakerphones, patented beamforming microphone arrays and ceiling microphones, video collaboration cameras and BYOD/AV switchers, AV networking devices, and cloud-based AV management and software platforms. The company operates through three primary product segments: audio conferencing, professional microphones, and video/AV networking. It serves a global market via independent distributors, systems integrators, dealers, value-added resellers, and direct sales.
Summary from filing dated 2025-03-28
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 0 | 0 | 19 | 25 | 29 | |
| Cost of goods sold | 328,000 | 194,000 | 12 | 16 | 17 | |
| Gross profit | −328,000 | −194,000 | 6 | 9 | 12 | |
| General and administrative | 2 | 1 | 5 | 7 | 7 | |
| Legal expense | 247,000 | 247,000 | — | — | — | |
| Professional fees | 1 | 519,000 | — | — | — | |
| Total operating expenses | 4 | 2 | 13 | 17 | 19 | |
| Operating loss | −4 | −2 | −7 | −7 | −7 | |
| Interest income (expense), net | −28,000 | 228,000 | −537,000 | — | — | |
| Other income, net | −117,000 | 155,000 | 7 | 35 | 32,000 | |
| Loss from continuing operations before income taxes | −5 | −2 | −126,000 | 27 | −8 | |
| Provision for income taxes | 83,000 | 98,000 | 434,000 | 7 | −283,000 | |
| Loss from continuing operations | −5 | −2 | — | — | — | |
| Loss from discontinued operations, net of tax | −21 | −7 | — | — | — | |
| Net loss | −26 | −9 | −560,000 | 21 | −8 | |
| From continuing operations (in dollars per share) | −2.62 | −1.19 | — | — | — | |
| From discontinued operations (in dollars per share) | −12.15 | −4.42 | — | — | — | |
| Total (in dollars per share) | −14.77 | −5.61 | −0.02 | 0.86 | −0.39 | |
| From continuing operations (in dollars per share) | −2.62 | −1.19 | — | — | — | |
| From discontinued operations (in dollars per share) | −12.15 | −4.42 | — | — | — | |
| Total (in dollars per share) | −14.77 | −5.61 | −0.02 | 0.83 | −0.39 | |
| Basic weighted average shares outstanding (in shares) | 2 | 2 | 24 | 24 | 20 | |
| Diluted weighted average shares outstanding (in shares) | 2 | 2 | 24 | 25 | 20 | |
| Unrealized gain (loss) on available-for-sale securities, net of tax | 0 | 17,000 | −15,000 | — | — | |
| Change in foreign currency translation adjustment | −34,000 | −13,000 | −7,000 | −45,000 | −27,000 | |
| Comprehensive loss | −26 | −9 | −582,000 | 21 | −8 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 220,000 | 1 | 18 | 984,000 | 1 | |
| Restricted cash | 519,000 | 0 | — | — | — | |
| Inventories, net | 353,000 | 392,000 | 11 | 9 | 10 | |
| Assets held for sale | 0 | 3 | — | — | — | |
| Current assets related to discontinued operations | 604,000 | 14 | — | — | — | |
| Total current assets | 2 | 19 | 43 | 77 | 29 | |
| Operating lease right of use assets, net | 494,000 | 750,000 | 990,000 | 1 | 2 | |
| Long term assets related to discontinued operations | 109,000 | 7 | — | — | — | |
| Total assets | 2 | 27 | 51 | 84 | 66 | |
| Accounts payable | 30,000 | 76,000 | 2 | 1 | 5 | |
| Accrued liabilities | 649,000 | 360,000 | 2 | 3 | 3 | |
| Current operating lease liability | 223,000 | 257,000 | — | — | — | |
| Current liabilities related to discontinued operations | 585,000 | 3 | — | — | — | |
| Total current liabilities | 1 | 4 | 4 | 8 | 11 | |
| Operating lease liability, net of current | 290,000 | 514,000 | 665,000 | 492,000 | 1 | |
| Long-term liabilities related to discontinued operations | 1 | 1 | — | — | — | |
| Total liabilities | 3 | 5 | 6 | 10 | 15 | |
| Class B convertible preferred stock, par value $0.001, 5,100 shares authorized, and shares issued and outstanding, respectively | 0 | 0 | — | — | — | |
| Common stock, par value $0.001, 150,000,000 shares authorized, 2,237,912 and 1,599,534 shares issued and outstanding, respectively | 2,000 | 2,000 | 24,000 | 24,000 | 22,000 | |
| Additional paid-in capital | 36 | 32 | 46 | 75 | 73 | |
| Accumulated other comprehensive loss | −340,000 | −306,000 | −310,000 | −288,000 | −241,000 | |
| Accumulated deficit | −36 | −10 | −1 | −516,000 | −21 | |
| Total shareholders equity | −714,000 | 21 | 45 | 74 | 52 | |
| Total liabilities and shareholders equity | 2 | 27 | 51 | 84 | 66 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization of right of use of assets | 256,000 | 240,000 | 397,000 | 597,000 | 611,000 | |
| Share-based compensation expense | 79,000 | 98,000 | 109,000 | 113,000 | 136,000 | |
| Non-cash interest expense | 28,000 | — | — | — | — | |
| Loss on disposal of assets | 11 | −82,000 | −47,000 | 146,000 | 0 | |
| Inventories | 39,000 | 0 | −2 | 2 | 603,000 | |
| Accounts payable | −46,000 | 44,000 | 661,000 | −4 | 1 | |
| Accrued liabilities | 289,000 | −41,000 | −497,000 | 485,000 | 166,000 | |
| Operating lease liabilities | −258,000 | −277,000 | −425,000 | — | — | |
| Net cash used in operating activities | −15 | −9 | — | — | — | |
| Proceeds from maturities and sales of marketable securities | 0 | 10 | 6 | 3 | 4 | |
| Purchases of marketable securities | 0 | −5 | −10 | 0 | −4 | |
| Net cash provided by investing activities | 0 | 4 | — | — | — | |
| Dividend payment | 0 | −14 | −29 | 0 | — | |
| Proceeds from sale of stock | 1 | 0 | — | — | — | |
| Proceeds from issuance of convertible note | 3 | — | — | — | — | |
| Purchases of outstanding warrants | −33,000 | — | — | — | — | |
| Proceeds from equity-based compensation programs | −1,000 | 23,000 | — | — | — | |
| Net cash provided by (used) in financing activities | 4 | −14 | — | — | — | |
| Net cash provided by operating activities | 7 | 2 | — | — | — | |
| Net cash provided by investing activities | 3 | 0 | — | — | — | |
| Net cash provided by financing activities | 0 | 0 | — | — | — | |
| Net cash provided by discontinued operations | 10 | 2 | — | — | — | |
| Effect of exchange rate changes on cash and cash equivalents and restricted cash | −34,000 | −18,000 | — | — | — | |
| Net decrease in cash and cash equivalents and restricted cash | −678,000 | −16 | — | — | — | |
| Cash paid for income taxes | 103,000 | 98,000 | 7 | 88,000 | 107,000 | |
| Interest paid as non-cash dividend | 28,000 | — | — | — | — | |
| Conversion of debt to Series B Preferred stock | 3 | — | 0 | 2 | 0 |
Filings
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