ClearOne Q2 revenue falls 58% sequentially; OpEx down ~10%; cites production shortages, Teams certification gap

CLEARONE INC

2024-Q2 EPS reported -$0.20 revenue$5,926,000

Revenue fell 58% sequentially and 39% YoY; audio conferencing category drove the decline.
Operating expenses reduced 10.1% sequentially, 9.33% YoY from cost optimization.
CEO attributes revenue drop to production shortages, lack of Microsoft Teams certification, Middle East distributor transition.
Launched Versa Lite BMA 360D bundle; captured 60% more leads at Infocomm USA 2024 vs 2023.

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