ClearOne reports Q3 2023 results; opEx down 16% YoY, backlog reduced on production ramp

CLEARONE INC

2023-Q3 EPS reported -$0.13 revenue$14,550,000

Operating expenses down 3% sequentially and 16% year-over-year from cost optimization.
Cash and investments approximately $20.0 million as of September 30, 2023.
Production output increased to pre-transition levels; manufacturing transition from China to Singapore expected to complete by Q4.
New products launched: BMA 360D Dante microphone array and DIALOG UVHF wireless mic system (award winner).
Expects top-line improvements in Q4 2023 as shipments of new products ramp.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

CLEARONE INC reported financial results for the three-month period ended September 30, 2023.

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

Exact text from the filing

ClearOne, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2023

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Source: SEC EDGAR

accession 0001753926-23-001481

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