ClearOne, Inc. (CLRO) Financial Statements (2024 and earlier)

Company Profile

Business Address 5225 WILEY POST WAY
SALT LAKE CITY, UT 84116
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 3661 - Telephone and Telegraph Apparatus (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,49459,0069841,4501,2031,820
Cash and cash equivalents15,08659,0069841,4501,2031,422
Short-term investments6,408    398
Receivables10,6133,5414,67411,65811,64712,617
Inventory, net of allowances, customer advances and progress billings7,5478,3958,9619,7089,8589,865
Inventory7,5478,3958,9619,7089,8589,865
Other undisclosed current assets4,2733,63562,8081,9702,9243,370
Total current assets:43,92774,57777,42724,78625,63227,672
Noncurrent Assets
Inventory, Noncurrent3,3612,8852,7072,9612,9853,210
Operating lease, right-of-use asset1,1711,2591,0471,0881,2371,383
Property, plant and equipment614356383552614676
Long-term investments and receivables586    542
Long-term investments586    542
Intangible assets, net (including goodwill)1,9031,9952,07123,78324,28924,675
Intangible assets, net (excluding goodwill)1,9031,9952,07123,78324,28924,675
Other noncurrent assets1141121154,5874,5924,596
Total noncurrent assets:7,7496,6076,32332,97133,71735,082
TOTAL ASSETS:51,67681,18483,75057,75759,34962,754
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities5,0224,2744,3254,5294,6176,951
Accounts payable2,4351,8201,2842,0522,0474,125
Accrued liabilities2,5872,4543,0412,4772,5702,826
Deferred revenue527163734346
Debt1,3801,5563,7328558101,336
Total current liabilities:6,4545,9018,1205,4575,4708,333
Noncurrent Liabilities
Long-term debt and lease obligation    1,5671,9012,230
Long-term debt, excluding current maturities    1,0081,1841,359
Liabilities, other than long-term debt1,8561,9571,500655655655
Other liabilities1,0081,0081,008655655655
Operating lease, liability848949492559717871
Total noncurrent liabilities:1,8561,9571,5002,2222,5562,885
Total liabilities:8,3107,8589,6207,6798,02611,218
Equity
Equity, attributable to parent43,36673,32674,13050,07851,32351,536
Common stock242424242424
Additional paid in capital45,97974,93374,91074,88674,86174,831
Accumulated other comprehensive loss(270)(283)(288)(288)(266)(280)
Accumulated deficit(2,367)(1,348)(516)(24,544)(23,296)(23,039)
Total equity:43,36673,32674,13050,07851,32351,536
TOTAL LIABILITIES AND EQUITY:51,67681,18483,75057,75759,34962,754

Income Statement (P&L) ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues5,4834,1784,0216,2647,3757,545
Cost of revenue
(Cost of Goods and Services Sold)
(3,635)(2,863)(2,757)(3,694)(4,568)(4,729)
Gross profit:1,8481,3151,2642,5702,8072,816
Operating expenses(3,203)(3,504)(3,854)(3,700)(4,456)(4,669)
Operating loss:(1,355)(2,189)(2,590)(1,130)(1,649)(1,853)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
4371,66633,597(3)1,5053
Interest and debt expense(91)(292)(135)(90)(94)(101)
Income (loss) from continuing operations before income taxes:(1,009)(815)30,872(1,223)(238)(1,951)
Income tax expense(10)(17)(6,844)(25)(19)(16)
Income (loss) from continuing operations:(1,019)(832)24,028(1,248)(257)(1,967)
Loss before gain (loss) on sale of properties:(1,248)(257)(1,967)
Net income (loss) available to common stockholders, basic:(1,019)(832)24,028(1,248)(257)(1,967)
Other undisclosed net income available to common stockholders, diluted   285   
Net income (loss) available to common stockholders, diluted:(1,019)(832)24,313(1,248)(257)(1,967)

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):(1,019)(832)24,028(1,248)(257)(1,967)
Comprehensive income (loss):(1,019)(832)24,028(1,248)(257)(1,967)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent135 (22)14(39)
Comprehensive income (loss), net of tax, attributable to parent:(1,006)(827)24,028(1,270)(243)(2,006)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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