ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices. It also provides video products, such as video conferencing and collaboration solutions; and AV networking, which deliver the IP A/V experience by streaming time sensitive high definition audio and video, and control over TCP/IP networks. In addition, the company offers professional microphones consisting of beamforming microphones, ceiling microphones, and wireless microphones. ClearOne, Inc. sells its commercial products to a network of independent professional audiovisual, information technology, and telecommunications distributors, as well as systems integrators, dealers, value-added resellers, and end-users. The company was incorporated in 1983 and is headquartered in Salt Lake City, Utah.
IPO Year:
Exchange: NASDAQ
Website: clearone.com
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- Full Year 2024 Operating Expenses decreased 9.8% vs prior year - - Q4 Revenue and Q4 Gross Margin increased 18.1% and 44.8%, respectively, vs. prior quarter - 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, 2024. "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. "We delivered strong momentum in the fourth quarter of 2024 with revenue increasing 18.1% sequentially compared to Q3 2024. G
ClearOne, a global leader in conferencing, collaboration, and network streaming solutions, is returning to ISE 2025 (February 4–7) with a complete range of conferencing and collaboration solutions for every size of meeting space. The solutions will be showcased at Hall 2, Booth #2N220 at the Fira Barcelona Gran Vía Venue, Barcelona, Spain. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250130457240/en/BMA 360DX All-in-One Innovative Ceiling Tile (Photo: Business Wire) "We are excited to return to ISE to meet with our partners and showcase our latest innovations that usher in a new era in conferencing," said Derek Graham, CEO of
ClearOne, a global leader in conferencing, collaboration, and network streaming solutions, has announced the addition of a 4-channel Access Point and a 4-bay Dock to its award-winning DIALOG® UVHF Wireless Microphone System. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250127982287/en/DIALOG® UVHF Wireless Microphone (Photo: Business Wire) "We are excited to introduce these new additions to our DIALOG UVHF Wireless Microphone System," said Derek Graham, CEO of ClearOne. "The 4-channel Access Point and 4-bay Dock offer significant benefits like lower cost, system flexibility and a smaller form factor for the dock. This translat
ClearOne (NASDAQ:CLRO), a global market leader in conferencing, collaboration, and network streaming solutions, today introduced the UNITE 260N Pro, a professional 4K Ultra HD camera with NDI®|HX, designed to meet the requirements of NDI® workflows. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124456549/en/UNITE® 260N Pro Camera (Photo: Business Wire) The UNITE 260N Pro Camera will be on display at ISE 2025 in Booth# 2N220 at Fira Barcelona Gran Vía Venue, Barcelona, Spain. "The UNITE 260N Pro camera eliminates the need for complex and costly setups," said Derek Graham, CEO of ClearOne. "The UNITE 260N Pro camera empowers
ClearOne, a global leader in conferencing, collaboration, and communication solutions, today introduced the DIALOG® AERO, a wideband UHF 2-channel encrypted digital wireless microphone solution with over 100 MHz of RF tuning range. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250122534606/en/DIALOG® AERO Two-Channel Digital Wireless Microphone System (Photo: Business Wire) "The DIALOG® AERO digital wireless microphone system, with less than 4 ms of end-to-end audio latency, is ideal for conferencing and sound reinforcement applications," said Derek Graham, CEO of ClearOne. "We have meticulously designed DIALOG® AERO, making it
ClearOne (NASDAQ:CLRO), a global market leader in conferencing, collaboration, and network streaming solutions, today announced the launch of the Versa® 120D USB-C Docking Station with Dante®, designed to simplify and enhance hybrid meeting experiences. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250120819283/en/Versa® 120D USB-C DOCKING STATION (Photo: Business Wire) "The Versa 120D represents a significant advancement in ClearOne's collaboration technology," said Derek Graham, CEO of ClearOne. "By seamlessly integrating Dante audio and powerful USB-C connectivity, we are empowering businesses to create more efficient and en
ClearOne, a global leader in conferencing, collaboration, and communication solutions, today launched the BMA 360DX, a complete solution for superior conferencing audio and more sustainable meeting spaces. This innovative solution combines an advanced beamforming microphone array, a fully integrated DSP processor with Dante®, and a built-in multi-channel amplifier in a single ceiling tile. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250116969727/en/BMA 360DX All-in-One Innovative Ceiling Tile (Photo: Business Wire) "The BMA 360DX shatters traditional barriers by combining advanced AV and IT technologies for unmatched performa
-Sequential Revenue increase points to recovery from prior year impacts- -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 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 o
- 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
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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
SALT LAKE CITY, Jan. 07, 2021 (GLOBE NEWSWIRE) -- Strengthening its commitment to make its entire line of award-winning professional audio, video, collaboration and AV Networking solutions available to the widest possible customer base, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, today announced the appointment of ADI Global Distribution to serve as a distribution partner in the United States. “The United States market for professional grade audio, video and collaboration solutions is growing and expanding at a dramatic rate,” ClearOne Chair and CEO Zee Hakimoglu said today. “Professionals in all fields are adjusting to the permanent r
SALT LAKE CITY, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Addressing further growth in the Eastern European AV markets, ClearOne, ClearOne (NASDAQ: CLRO), a global provider of audio and visual communications solutions, has appointed Chromasound PLC, based in Budapest, Hungary, as its newest distribution partner. Chromasound is focused on Pro Audio, Lighting, and AV integration in Hungary, known primarily for delivering the finest audio solutions to customers ranging from theatres and concert halls to stadiums for the past two decades. The company will now offer ClearOne’s entire portfolio of Audio Conferencing, Visual Collaboration, and AV Networking throughout Hungary. “This partnership is aime
- Full Year 2024 Operating Expenses decreased 9.8% vs prior year - - Q4 Revenue and Q4 Gross Margin increased 18.1% and 44.8%, respectively, vs. prior quarter - 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, 2024. "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. "We delivered strong momentum in the fourth quarter of 2024 with revenue increasing 18.1% sequentially compared to Q3 2024. G
ClearOne (NASDAQ:CLRO), a global market leader in conferencing, collaboration, and network streaming solutions, today introduced the UNITE 260N Pro, a professional 4K Ultra HD camera with NDI®|HX, designed to meet the requirements of NDI® workflows. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250124456549/en/UNITE® 260N Pro Camera (Photo: Business Wire) The UNITE 260N Pro Camera will be on display at ISE 2025 in Booth# 2N220 at Fira Barcelona Gran Vía Venue, Barcelona, Spain. "The UNITE 260N Pro camera eliminates the need for complex and costly setups," said Derek Graham, CEO of ClearOne. "The UNITE 260N Pro camera empowers
- 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
- Entered 2024 with Strong Balance Sheet and Lean Operational Foundation - - Completed Manufacturing Transition from China to Singapore in Q4 2023, Marking Key Milestone in Ongoing Production Improvements - - Regained Compliance with Nasdaq Minimum Bid Price Requirement - ClearOne, Inc. (NASDAQ:CLRO) ("ClearOne" or the "Company"), a global provider of audio and visual communication solutions, is providing a review of its 2023 operational and financial progress, along with several recent 2024 highlights. "2023 represented a key transition year for ClearOne," said Derek Graham, CEO of ClearOne. "Since my appointment as permanent CEO last January, we have focused on recovering from our
- Total Revenue Increased 31% Quarter-Over-Quarter, Supported by Continued Sequential and Year-Over-Year OpEx Reductions - - Progress with Backlog Shipments and New Product Launches Improve Foundation for Growth in the Second Half of 2023 - ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended June 30, 2023. "Our performance in the second quarter reflects our continued focus on evolving our innovative communication solutions, supported by our work to maintain an optimized cost structure," said Derek Graham, CEO of ClearOne. "We delivered strong sequential growth in our revenue and gross profit
ClearOne (NASDAQ:CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended March 31, 2023. "During the first quarter, we maintained our focus on developing unique products that meet our partner and end user needs, supported by a leaner, improved cost structure," said Derek Graham, CEO of ClearOne. "We have continued to support a growing backlog for our core audio conferencing products, as well as roll out the new CHAT® 150 BT group speakerphone, and UNITE 260 Pro camera products we introduced in January. Though our first quarter revenues remained pressured by the ongoing transition of our outsourced manufacturing from
ClearOne (NASDAQ:CLRO) today clarified that the ex-dividend date will be June 1, 2023 for ClearOne's previously announced one-time special cash dividend of $1.00 per share of ClearOne common stock, payable on May 31, 2023 to shareholders of record on May 22, 2023. FINRA UPC (Uniform Practice Code) Rule 11140 provides that, in respect to dividends or distributions that are twenty-five percent or greater of the value of the subject security, the ex-dividend date shall be the first business day following the payable date. Accordingly, a ClearOne investor that sells shares of ClearOne common stock on or prior to the payment date of May 31, 2023 will not receive the one-time special cash divid
ClearOne (NASDAQ:CLRO) today announced that its Board of Directors has declared a special one-time cash dividend of $1.00 per share of ClearOne common stock, payable on May 31, 2023 to shareholders of record on May 22, 2023. "The recent successful legal settlements have generated surplus cash for the Company. We are pleased to share this surplus with our shareholders, who continue to support the Company's strategy and vision for future growth," said Eric L. Robinson, Chairman of the Board of Directors of ClearOne. "We believe the company is now solidly positioned to pursue its long-term plans and return to rapid revenue growth and profitability." Even though this dividend announcement i