ClearOne, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 04:26 pm EST
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ClearOne, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 4.89 million compared to USD 6.26 million a year ago. Net loss was USD 1.35 million compared to USD 1.25 million a year ago. Basic loss per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago. Diluted loss per share from continuing operations was USD 0.06 compared to USD 0.05 a year ago.
For the nine months, sales was USD 14.55 million compared to USD 21.18 million a year ago. Net loss was USD 3.2 million compared to USD 3.47 million a year ago. Basic loss per share from continuing operations was USD 0.13 compared to USD 0.15 a year ago. Diluted loss per share from continuing operations was USD 0.13 compared to USD 0.15 a year ago.
ClearOne, Inc. is a global company enabling conferencing, collaboration, and network streaming solutions. The Company designs, develops and sells conferencing, collaboration and network streaming solutions for voice and visual communications. The Company's products are categorized into Audio conferencing, Professional microphones, and Video products. Audio conferencing includes installed DSP based professional audio conferencing, universal serial bus (USB)-based speakerphones and table-top audio conferencing. Professional microphones consist of patented beamforming microphones, ceiling microphones and wireless microphones. Video products include video collaboration and audio-visual networking. Its professional conferencing products include the CONVERGE Pro 2 and CONVERGE Pro 2 SR product lines. Media Collaboration suite of products is led by its comprehensive portfolio of COLLABORATE branded video conferencing and collaboration solutions.