- Sequential and Year-over-Year OpEx Reductions Reflect Continued Benefits of Cost Optimization Initiatives- ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended June 30, 2024. Revenue declined 58% sequentially and 39% 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 con
ClearOne (NASDAQ:CLRO), a global market leader in conferencing, collaboration, and network streaming solutions, today announced it will showcase its industry-leading line of collaboration and conferencing solutions at InfoComm Expo 2024 at Booth #C7009 from June 12-14 at the Las Vegas Convention Center. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240612375370/en/(Photo: Business Wire) "Rather than merely showcasing individual products, we're presenting a solution-based approach to address the challenges of modern hybrid work and learning environments. We invite end users and AV practitioners of all types to visit our booth to
- Microphone revenue up 31% year over year- -Revenue from Asia including India, the Middle East, and Australia up 18% year over year - -Sequential and Year-over-Year OpEx Reductions Reflect Continued Benefits of Cost Optimization Initiatives - ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended March 31, 2024. "Revenue declined 12.8% sequentially and 13% year over year, primarily due to a significant decrease in revenues from the audio conferencing category, which includes our DSP mixer products. The revenue decline was regionally concentrated, affecting the USA, Europe, and China when com
Gainers Alpine 4 Holdings (NASDAQ:ALPP) stock rose 8.6% to $0.55 during Thursday's after-market session. The company's market cap stands at $14.9 million. Soluna Holdings (NASDAQ:SLNH) shares rose 7.87% to $6.3. The market value of their outstanding shares is at $24.7 million. UTime (NASDAQ:WTO) shares rose 5.93% to $0.56. The company's market cap stands at $217.6 million. ClearOne (NASDAQ:CLRO) stock increased by 5.18% to $0.71. The market value of their outstanding shares is at $17.0 million. MariaDB (NYSE:MRDB) shares increased by 4.92% to $0.54. The market value of their outstanding shares is at $36.9 million. DatChat (NASDAQ:DATS) stock moved upwards by 4.83% to $1.3. The market v
Gainers FOXO Technologies (AMEX:FOXO) stock moved upwards by 30.7% to $0.31 during Friday's regular session. The market value of their outstanding shares is at $3.3 million. Quantum (NASDAQ:QMCO) stock increased by 15.31% to $0.61. The company's market cap stands at $58.4 million. Adobe (NASDAQ:ADBE) shares increased by 14.71% to $526.25. The market value of their outstanding shares is at $235.7 billion. As per the news, the Q2 earnings report came out yesterday. iLearningEngines (NASDAQ:AILE) shares moved upwards by 10.78% to $7.75. The market value of their outstanding shares is at $1.0 billion. Applied Digital (NASDAQ:APLD) shares rose 10.41% to $4.83. The market value of their outst
Gainers FOXO Technologies (AMEX:FOXO) stock rose 50.7% to $0.36 during Friday's pre-market session. The market value of their outstanding shares is at $3.8 million. ClearOne (NASDAQ:CLRO) stock moved upwards by 15.25% to $1.02. The company's market cap stands at $24.4 million. Adobe (NASDAQ:ADBE) stock rose 14.29% to $524.3. The market value of their outstanding shares is at $234.8 billion. As per the press release, Q2 earnings came out yesterday. Digital Turbine (NASDAQ:APPS) stock moved upwards by 13.59% to $1.75. The company's market cap stands at $179.3 million. Gryphon Digital Mining (NASDAQ:GRYP) shares moved upwards by 8.0% to $1.35. The market value of their outstanding shares i
Derek Graham, current Senior Vice President of R&D elevated as the interim CEO The Board of Directors of ClearOne, Inc. (NASD: CLRO) today announced the termination of its Chief Executive Officer, Zee Hakimoglu, and the appointment of Derek Graham, Senior Vice President of Research & Development, as the interim Chief Executive Officer. "Derek Graham joined ClearOne in 2003 and has overseen the development and introduction of multiple generations of ClearOne products and has authored patents critical to ClearOne's success. I am confident that Derek will bring fresh perspectives to the challenges faced by ClearOne, energize our employees, and connect with our partners with trust and care,"
Forty-two year old manufacturer's rep firm has a long history of serving commercial and industrial contractors, distributors, and consultants for audio, data, video, and data products. Strengthening the representation of its entire product portfolio of Pro Audio, Conferencing, Video Collaboration, and AV Networking solutions across a range of vertical markets, ClearOne (NASDAQ:CLRO) today announced the appointment of Sound Marketing West to serve as its newest manufacturer representative in California, Nevada, and Hawaii. The appointment is effective immediately, according to ClearOne President & CEO Zee Hakimoglu. This press release features multimedia. View the full release here: https:/
ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, announced that effective February 8, 2022 Eric L. Robinson was appointed by the Board of Directors to serve as Chairman of the Board. Mr. Robinson replaces Zeynep "Zee" Hakimoglu, who has served as a Director since April 2006 and as Chairman since July 2007. Ms. Hakimoglu will remain as a Director following this orderly transition. Mr. Robinson has been serving as a Director of ClearOne since July 2015 and he previously served as outside corporate and securities legal counsel to the Company. On his appointment, Mr. Robinson said "this is an exciting time in the audio and visual communication solutions m
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- Microphone revenue up 31% year over year- -Revenue from Asia including India, the Middle East, and Australia up 18% year over year - -Sequential and Year-over-Year OpEx Reductions Reflect Continued Benefits of Cost Optimization Initiatives - ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended March 31, 2024. "Revenue declined 12.8% sequentially and 13% year over year, primarily due to a significant decrease in revenues from the audio conferencing category, which includes our DSP mixer products. The revenue decline was regionally concentrated, affecting the USA, Europe, and China when com
– Q4 and Full Year 2023 OpEx Decreased 14% and 21% Year-Over-Year, Respectively – – Completed Outsourced Manufacturing Transition from China to Singapore in Q4 2023, Resulting in Normalized Product Output, and Reduced Backlog – ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three- and twelve-month periods ended December 31, 2023. "Throughout the fourth quarter, we maintained efforts to expand and accelerate shipments of our award-winning communication solutions, all while driving a leaner, more efficient cost structure," said Derek Graham, CEO of ClearOne. "In line with our expectations, we completed our outsou
ClearOne (NASDAQ:CLRO) today announced that its Board of Directors has declared a one-time special cash dividend of $0.50 per share of ClearOne common stock, payable on April 10, 2024 to shareholders of record on April 2, 2024. Because the special cash dividend exceeds twenty-five percent (25%) of the value of the Company's common stock, in accordance with FINRA UPC (Uniform Practice Code) Rule 11140, a stockholder of the Company that sells shares of the Company's common stock on or prior to the payment date of April 10, 2024 will not receive the one-time special cash dividend for the Company shares that are sold. "We have decided to share this surplus with our shareholders, who continue
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