---
schema_version: "secwatch.filing_event.v1"
accession: "0001753926-23-000391"
form_type: "8-K"
ticker: "CLRO"
cik: "0000840715"
company_name: "CLEARONE INC"
filed_at: "2023-04-06T23:59:59+00:00"
generated_at: "2026-06-17T05:30:54.244608+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001753926-23-000391
- form_type: 8-K
- ticker: CLRO
- cik: 0000840715
- company_name: CLEARONE INC
- filed_at: 2023-04-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/840715/000175392623000391/0001753926-23-000391-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/840715/000175392623000391/clro-20230406.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001753926-23-000391
- JSON: https://secwatch.observer/filing/0001753926-23-000391.json
- Plain text: https://secwatch.observer/filing/0001753926-23-000391.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/840715/000175392623000391/0001753926-23-000391-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.