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
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9842,8614,9207,09012,1628,260
Cash and cash equivalents9841,0713,8034,06411,2115,571
Short-term investments 1,7901,1173,0269512,689
Receivables4,67412,52612,3635,4686,7827,794
Inventory, net of allowances, customer advances and progress billings8,96110,03310,46311,44113,22814,415
Inventory8,96110,03310,46311,44113,22814,415
Other undisclosed current assets62,8084,0211,5361,1842,1933,417
Total current assets:77,42729,44129,28225,18334,36533,886
Noncurrent Assets
Inventory, Noncurrent2,7073,5674,5906,2848,9538,708
Operating lease, right-of-use asset1,0471,5371,9362,459
Property, plant and equipment3837449061,0441,3881,549
Long-term investments and receivables 1,2201,7621,5173,76410,349
Long-term investments 1,2201,7621,5173,76410,349
Intangible assets, net (including goodwill)2,07125,08619,24814,00910,2496,543
Intangible assets, net (excluding goodwill)2,07125,08619,24814,00910,2496,543
Other noncurrent assets1154,5974,5994,614196311
Other undisclosed noncurrent assets      6,531
Total noncurrent assets:6,32336,75133,04129,92724,55033,991
TOTAL ASSETS:83,75066,19262,32355,11058,91567,877
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities4,3257,9376,3026,0765,7255,965
Accounts payable1,2845,3883,9502,8713,7294,122
Accrued liabilities3,0412,5492,3523,2051,9961,843
Deferred revenue6354123173
Debt3,7323,481672   
Deferred revenue and credits4,635
Contract with customer, liability283
Total current liabilities:8,12011,4727,0976,2496,00810,600
Noncurrent Liabilities
Long-term debt and lease obligation  2,5614,7344,243  
Long-term debt, excluding current maturities  1,5353,2452,222  
Liabilities, other than long-term debt1,500655678140706710
Deferred revenue and credits103
Deferred rent credit     135
Other liabilities1,008655678140571607
Operating lease, liability4921,0261,4892,021
Total noncurrent liabilities:1,5003,2165,4124,383706710
Total liabilities:9,62014,68812,50910,6326,71411,310
Equity
Equity, attributable to parent74,13051,50449,81444,47852,20156,567
Common stock24221917178
Additional paid in capital74,91072,79563,35958,52057,84047,464
Accumulated other comprehensive loss(288)(241)(186)(176)(181)(65)
Retained earnings (accumulated deficit)(516)(21,072)(13,378)(13,883)(5,475)9,160
Total equity:74,13051,50449,81444,47852,20156,567
TOTAL LIABILITIES AND EQUITY:83,75066,19262,32355,11058,91567,877

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues25,20528,96729,06925,04228,15641,804
Revenue, net41,804
Cost of revenue
(Cost of Goods and Services Sold)
(15,748)(17,051)(16,510)(13,849)(14,785)(17,795)
Gross profit:9,45711,91612,55911,19313,37124,009
Operating expenses(16,679)(19,411)(18,126)(19,755)(23,698)(40,202)
Operating loss:(7,222)(7,495)(5,567)(8,562)(10,327)(16,193)
Nonoperating income
(Other Nonoperating income)
35,102327921080300
Interest and debt expense(420)(514)(436)   
Income (loss) from continuing operations before income taxes:27,460(7,977)(5,924)(8,352)(10,247)(15,893)
Income tax expense (benefit)(6,904)2836,429(56)(6,440)1,721
Income (loss) from continuing operations:20,556(7,694)505(8,408)(16,687)(14,172)
Income (loss) before gain (loss) on sale of properties:(7,694)505(8,408)(16,687)(14,172)
Net income (loss) available to common stockholders, basic:20,556(7,694)505(8,408)(16,687)(14,172)
Interest on convertible debt 285     
Other undisclosed net income available to common stockholders, diluted      
Net income (loss) available to common stockholders, diluted:20,841(7,694)505(8,408)(16,687)(14,172)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):20,556(7,694)505(8,408)(16,687)(14,172)
Comprehensive income (loss):20,556(7,694)505(8,408)(16,687)(14,172)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(47)(55)(10)5(116)140
Comprehensive income (loss), net of tax, attributable to parent:20,509(7,749)495(8,403)(16,803)(14,032)

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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