ClearOne Q3 revenue down 10% YoY; audio conferencing up 10%; non-GAAP net loss down 65%

CLEARONE INC

2022-Q3 EPS reported -$0.15 revenue$21,184,000

Overall Q3 revenue declined 10% YoY despite 10% growth in audio conferencing solutions.
Non-GAAP operating expenses declined 30% and non-GAAP net loss declined 65% year-over-year.
Manufacturing transition from China to Singapore hampered ability to build products and fill sales backlog.
Introduced CONVERGENCE InSite server for remote device management in July 2022; added two US manufacturer sales reps in August 2022.
Litigation with Shure stayed until January 6, 2023 to allow settlement negotiations.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CLEARONE INC reported financial results for three and nine months ended September 30, 2022.

Period: three and nine months ended September 30, 2022
Result: reported results

Exact text from the filing

On November 15, 2022 ClearOne, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2022 .

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CLEARONE INC filing history →

Source: SEC EDGAR

accession 0001753926-22-001475

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