ClearOne reports Q4/FY2023; OpEx down 14%/21%; announces $0.50 special dividend

CLEARONE INC

2024-Q1 EPS reported -$0.08 revenue$3,622,000

Operating expenses fell 14% in Q4 and 21% in FY2023 vs prior year.
Completed outsourced manufacturing transition from China to Singapore in Q4 2023.
Ended 2023 with over $21M in cash, cash equivalents, and marketable securities.
Announced special one-time cash dividend of $0.50 per share, payable April 10, 2024.
CEO cites sales headwinds from lack of Microsoft Teams certification and past production shortages.

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 three and twelve months ended December 31, 2023.

Period: three and twelve months ended December 31, 2023
Result: reported results

Exact text from the filing

On April 2, 2024 ClearOne, Inc. (the “Company”) issued a press release announcing its financial results for the three and twelve months ended December 31, 2023.

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Source: SEC EDGAR

accession 0001753926-24-000664

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