ClearOne Q2 revenue up 31% QoQ; completes special dividend; cash $22.1M

CLEARONE INC

2023-Q2 EPS reported -$0.08 revenue$9,661,000

Sequential revenue growth of 31% Q2 over Q1 2023, driven by increased backlog shipments from improved manufacturing output.
Operating expenses reduced both sequentially and year-over-year; cost structure streamlined.
Completed distribution of special one-time cash dividend during Q2.
Cash and investments totaled $22.1M at quarter-end.
Manufacturing transition from China to Singapore progressing; CEO expects resolution by Q3.

item 2.02 item 7.01 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 the three-month period ended June 30, 2023.

Period: the three-month period ended June 30, 2023
Result: reported results

Exact text from the filing

ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three-month period ended June 30, 2023.

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Source: SEC EDGAR

accession 0001753926-23-001036

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