ClearOne, Inc. (NASDAQ:CLRO) Files An 8-K Results of Operations and Financial Condition
Item 2.02. Results of Operations and Financial Condition
On March 14, 2017, ClearOne, Inc. (the Company) issued a press
release announcing its financial results for the three and twelve
months ended December 31, 2016. The full text of the press
release is attached as Exhibit 99.1.
Item 8.01. Other Events
On March 14, 2017, the Company announced that the Companys Board
of Directors has renewed and extended the Companys stock
repurchase program for up to an additional $10 million of the
Companys outstanding shares of common stock over the next twelve
months ending on March 8, 2018. Under the program, repurchases
may be made from time to time in open market or privately
negotiated transactions or through an accelerated share
repurchase program, in each case to be executed at managements
discretion based on business and market conditions, stock price,
trading restrictions, acquisition activity and other factors. The
repurchase program may be suspended or discontinued at any time.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits.
| Exhibit No. | Description | |
| Exhibit 99.1 |
Press Release dated March 14, 2017 titled ClearOne Reports Fourth Quarter and Full-Year 2016 Financial Results . |
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. ClearOne, Inc. (NASDAQ:CLRO) Recent Trading Information
ClearOne, Inc. (NASDAQ:CLRO) closed its last trading session down -0.11 at 10.65 with 1,359 shares trading hands.
