ClearOne Q4 2022: GAAP EPS $0.83 on $55M legal settlement; revenue down 44%

CLEARONE INC

2023-Q1 EPS reported -$0.03 revenue$4,178,000

GAAP EPS $0.83 includes $55M one-time legal settlement receivable; revenue fell 44% YoY.
Manufacturing transition delays from China to Singapore caused revenue loss; unfilled backlog growing.
Non-GAAP operating expenses declined 24% YoY.
Legal settlements provided over $56M cash before taxes; new products CHAT 150 BT and UNITE cameras launched.
Q1 2023 revenue expected to be affected by continued transition delays.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLEARONE INC reported the three and twelve months ended December 31, 2022 results: EPS $ 0.83.

Period: the three and twelve months ended December 31, 2022
EPS: $ 0.83
Result: reported results

Exact text from the filing

ClearOne, Inc. Reports Fourth Quarter 2022 Financial Results ● Records GAAP EPS of $ 0.83 after accounting for one -time legal settlement receivable of $ 55 million.

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CLEARONE INC filing history →

Source: SEC EDGAR

accession 0001753926-23-000391

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