ClearOne, Inc. (CLRO) financial statements (2022 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 4,9207,09012,1628,26017,13020,573
Cash and cash equivalents 3,8034,06411,2115,57112,10013,412
Short-term investments 1,1173,0269512,6895,0307,161
Receivables 12,3635,4686,7827,7947,4618,692
Inventory, net of allowances, customer advances and progress billings 10,46311,44113,22814,41511,37713,447
Inventory 10,46311,44113,22814,41511,37713,447
Deferred costs     1,5301,628
Other current assets      1,806
Other undisclosed current assets 1,5361,1842,1933,4172,642 
Total current assets: 29,28225,18334,36533,88640,14046,146
Noncurrent Assets
Inventory, Noncurrent 4,5906,2848,9538,7081,6642,018
Operating lease, right-of-use asset 1,9362,459
Property, plant and equipment 9061,0441,3881,5491,5131,589
Long-term investments and receivables 1,7621,5173,76410,34921,36519,204
Long-term investments 1,7621,5173,76410,34921,36519,204
Intangible assets, net (including goodwill) 19,24814,00910,2496,54318,40119,362
Goodwill     12,72412,724
Intangible assets, net (excluding goodwill) 19,24814,00910,2496,5435,6776,638
Other noncurrent assets 4,5994,614196311387117
Other undisclosed noncurrent assets    6,5314,6545,093
Total noncurrent assets: 33,04129,92724,55033,99147,98447,383
TOTAL ASSETS: 62,32355,11058,91567,87788,12493,529
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 6,3026,0765,7255,9655,4395,058
Accounts payable 3,9502,8713,7294,1223,5452,815
Accrued liabilities 2,3523,2051,9961,8431,8942,243
Deferred revenue 123173
Debt 672     
Deferred revenue and credits4,6353,8824,549
Contract with customer, liability283
Total current liabilities: 7,0976,2496,00810,6009,3219,607
Noncurrent Liabilities
Long-term debt and lease obligation 4,7344,243    
Long-term debt, excluding current maturities 3,2452,222    
Operating lease, liability 1,4892,021
Liabilities, other than long-term debt 6781407067101,3541,353
Deferred revenue and credits103103150
Deferred rent credit   135
Other liabilities 6781405716071,2511,203
Total noncurrent liabilities: 5,4124,3837067101,3541,353
Total liabilities: 12,50910,6326,71411,31010,67510,960
Stockholders' equity
Stockholders' equity attributable to parent 49,81444,47852,20156,56777,44982,569
Common stock 191717899
Additional paid in capital 63,35958,52057,84047,46446,66946,291
Accumulated other comprehensive loss (186)(176)(181)(65)(205)(166)
Retained earnings (accumulated deficit) (13,378)(13,883)(5,475)9,16030,97636,435
Total stockholders' equity: 49,81444,47852,20156,56777,44982,569
TOTAL LIABILITIES AND EQUITY: 62,32355,11058,91567,87788,12493,529

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

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 29,06925,04228,15641,80448,63757,796
Revenue, net41,80448,63757,796
Cost of revenue
(Cost of Goods and Services Sold)
 (16,510)(13,849)(14,785)(17,795)(19,150)(21,077)
Gross profit: 12,55911,19313,37124,00929,48736,719
Operating expenses (18,126)(19,755)(23,698)(40,202)(25,921)(26,457)
Operating income (loss): (5,567)(8,562)(10,327)(16,193)3,56610,262
Nonoperating income (expense) 7921080300312(77)
Foreign currency transaction loss, before tax      (77)
Other nonoperating income 7921080300312 
Interest and debt expense (436)     
Other undisclosed income from continuing operations before equity method investments, income taxes      366
Income (loss) from continuing operations before income taxes: (5,924)(8,352)(10,247)(15,893)3,87810,551
Income tax expense (benefit) 6,429(56)(6,440)1,721(1,434)(3,775)
Net income (loss) available to common stockholders, diluted: 505(8,408)(16,687)(14,172)2,4446,776

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss): 505(8,408)(16,687)(14,172)2,4446,776
Comprehensive income (loss): 505(8,408)(16,687)(14,172)2,4446,776
Other undisclosed comprehensive income (loss), net of tax, attributable to parent (10)5(116)140(39)(158)
Comprehensive income (loss), net of tax, attributable to parent: 495(8,403)(16,803)(14,032)2,4056,618

Statements sources

The financial statements are based on the company's filings with the 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: