ClearOne, Inc. (NASDAQ:CLRO) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
On November 14, ClearOne, Inc. (the “Company”) issued a press release announcing its financial results for the three and nine months ended September 30, 2019. The full text of the press release is attached as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits
The information included in this Current Report on Form 8-K (including the exhibit hereto) is being furnished under Item 2.02, “Results of Operations and Financial Condition” and Item 9.01 “Financial Statements and Exhibits” of Form 8-K. As such, the information (including the exhibit) herein shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. This Current Report (including the exhibit hereto) will not be deemed an admission as to the materiality of any information required to be disclosed solely to satisfy the requirements of Regulation FD.
CLEARONE INC Exhibit
EX-99.1 2 ex_164416.htm EXHIBIT 99.1 ex_164416.htm Exhibit 99.1 ClearOne Reports Third Quarter 2019 Financial Results ● Q3 Microphone revenue up year-over-year by 3% ● Q3 Overall revenue down year-over-year by 10% — continued to be impacted by infringement of ClearOne’s strategic patents ● Non-GAAP Operating expenses declined by 14% year-over-year SALT LAKE CITY,…
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About ClearOne, Inc. (NASDAQ:CLRO)
ClearOne, Inc. (ClearOne) is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for audio/voice and visual communications. The Company designs, develops, markets and services a line of conferencing products for personal use, as well as traditional tabletop, mid-tier professional products for large, medium and small businesses. The Company’s end users range from companies and institutions to small and medium-sized businesses, higher education and government organizations, as well as individual consumers. The Company sells its commercial products to end users primarily through a network of independent distributors, who in turn sells its products to dealers, systems integrators and other resellers. Its products are categorized into the Professional audio communication products; Unified communications audio end points, and Visual communication products. The Company’s products include CONVERGE Pro, INTERACT and MAX.