NASDAQ: CLRO
CLEARONE INCCIK 0000840715 · SIC 3661 · Telephone & Telegraph Apparatus
ClearOne, Inc. (the “Company,” “we,” “us” or “our”), a Delaware corporation, was previously engaged in the design, development, and marketing of professional audio conferencing, microphone, and video collaboration solutions. About this business →
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ClearOne (CLRO) offers 2.9M-4.3M units at $3.50/unit (stock + warrant) to raise $9.1M-$13.8M net proceeds, conditioned on merger with pre-revenue neurostimulation developer Cortigent
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Latest financial statements
From 10-Q filed Aug 14, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited)
(Dollars in thousands, except per share amounts)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Revenue | — | — | — | — |
| Cost of goods sold | 70 | 100 | 140 | 127 |
| Gross profit (loss) | (70) | (100) | (140) | (127) |
| Operating expenses: | ||||
| Sales and marketing | — | — | — | — |
| Research and product development | — | — | — | — |
| General and administrative | 849 | 1,092 | 1,629 | 1,891 |
| Total operating expenses | 849 | 1,092 | 1,629 | 1,891 |
| Operating loss | (919) | (1,192) | (1,769) | (2,018) |
| Interest (expense) | — | (8) | — | (8) |
| Other income, net | — | 3 | — | 15 |
| Loss from continuing operations before income taxes | (919) | (1,197) | (1,769) | (2,011) |
| Provision for income taxes | — | 8 | — | 8 |
| Loss from continuing operations | (919) | (1,205) | (1,769) | (2,019) |
| Income (loss) from discontinued operations, net of tax | 5 | (3,367) | 368 | (5,387) |
| Net loss | (914) | (4,572) | (1,401) | (7,406) |
| Basic weighted average shares outstanding | 2,675,412 | 1,733,307 | 2,530,384 | 1,691,836 |
| Diluted weighted average shares outstanding | 2,675,412 | 1,733,307 | 2,530,384 | 1,691,836 |
| Basic income (loss) per share | ||||
| From continuing operations | (0.34) | (0.70) | (0.70) | (1.19) |
| From discontinued operations | 0.00 | (1.94) | 0.15 | (3.19) |
| Total | (0.34) | (2.64) | (0.55) | (4.38) |
| Diluted income (loss) per share | ||||
| From continuing operations | (0.34) | (0.70) | (0.70) | (1.19) |
| From discontinued operations | 0.00 | (1.94) | 0.15 | (3.19) |
| Total | (0.34) | (2.64) | (0.55) | (4.38) |
| Comprehensive loss: | ||||
| Net loss | (914) | (4,572) | (1,401) | (7,406) |
| Change in foreign currency translation adjustment | 1 | (10) | — | (23) |
| Comprehensive loss | (913) | (4,582) | (1,401) | (7,429) |
Condensed Consolidated Balance Sheets (Unaudited)
(Dollars in thousands, except par value)
| Description | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | 75 | 220 |
| Restricted cash | 447 | 519 |
| Inventories, net | 304 | 353 |
| Prepaid assets | 10 | — |
| Current assets related to discontinued operations | 140 | 604 |
| Total current assets | 976 | 1,696 |
| Operating lease right of use assets, net | — | 494 |
| Long term assets related to discontinued operations | 14 | 109 |
| Total assets | 990 | 2,299 |
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 244 | 30 |
| Accrued liabilities | 185 | 649 |
| Short term Note Payable | 500 | — |
| Current operating lease liability | — | 223 |
| Current liabilities related to discontinued operations | — | 585 |
| Total current liabilities | 929 | 1,487 |
| Long term operating lease liability | — | 290 |
| Long-term liabilities related to discontinued operations | 442 | 1,236 |
| Total liabilities | 1,371 | 3,013 |
| Shareholders' equity: | ||
| Class B convertible preferred stock, par value $0.001, 5,100 shares authorized, and — shares issued and outstanding, respectively | — | — |
| Common stock, par value $0.001, 150,000,000 shares authorized, 2,675,412 and 2,237,912 shares issued and outstanding, respectively | 3 | 2 |
| Additional paid-in capital | 37,500 | 35,767 |
| Accumulated other comprehensive loss | (340) | (340) |
| Accumulated deficit | (37,544) | (36,143) |
| Total shareholders' equity | (381) | (714) |
| Total liabilities and shareholders' equity | 990 | 2,299 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(Dollars in thousands, except per share amounts)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Cash flows from operating activities: | ||
| Net loss | (1,401) | (7,406) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Share-based compensation expense | — | 44 |
| Changes in operating assets and liabilities: | ||
| Inventories | 49 | — |
| Prepaid expenses and other assets | (10) | — |
| Accounts payable | 225 | 92 |
| Accrued liabilities | (448) | 219 |
| Operating lease liabilities | — | (1) |
| Net cash used in operating activities, continuing operations | (1,585) | (7,052) |
| Cash provided by (used in) operating activities, discontinued operations | (860) | 4,484 |
| Cash flows from investing activities: | ||
| Net cash provided by investing activities, continuing operations | — | — |
| Cash used in investing activities, discontinued operations | — | (21) |
| Cash flows from financing activities: | ||
| Proceeds from sale of stock | 1,750 | 1,000 |
| Proceeds from issuance of convertible note | — | 3,000 |
| Proceeds from issuance of short-term note | 500 | |
| Purchases of outstanding warrants | (22) | — |
| Net cash provided by financing activities, continuing operations | 2,228 | 4,000 |
| Cash provided by financing activities, discontinued operations | — | — |
| Effect of exchange rate changes on cash and cash equivalents | — | (18) |
| Net increase (decrease) in cash and cash equivalents | (217) | 1,393 |
| Cash, cash equivalents and restricted cash at the beginning of the period | 739 | 1,417 |
| Cash, cash equivalents and restricted cash at the end of the period | 522 | 2,810 |
Amounts as printed on the EDGAR/iXBRL face — (Dollars in thousands, except per share amounts); (Dollars in thousands, except par value). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗
About CLEARONE INC
Source: Item 1 (Business) from the 10-K filed March 31, 2026. Description as filed by the company with the SEC.
ITEM 1. BUSINESS
GENERAL
ClearOne, Inc. (the “Company,” “we,” “us” or “our”), a
Delaware corporation, was previously engaged in the design, development, and
marketing of professional audio conferencing, microphone, and video
collaboration solutions.
All share and per-share amounts presented in this report (current and historical) have been adjusted to reflect the 15-for-1 reverse stock split effected in June 2025.
October 2025 Asset Sale
On October 24, 2025, the Company completed the sale of
certain intellectual property, product inventory, and non-exclusive rights to
customer data to Biamp Systems, LLC (“Biamp”) for gross cash consideration of
$3.0 million (the “Asset Sale”) pursuant to an Asset Purchase Agreement dated
the same date. Biamp did not assume any warranty or technical support
obligations. The Company retained its books and records, all equity interests
in subsidiaries, certain minor assets (including a limited amount of inventory
held solely to service warranties), and all public-company assets and
obligations. See Note 2 to the Consolidated Financial Statements and the Company’s Current Report on
Form 8-K filed October 30, 2025 for additional information regarding the Asset
Sale.
Post-Asset-Sale Operations
Following the Asset Sale, the Company no longer manufactures or sells products and maintains a limited inventory and provides customer support services to satisfy warranty claims. Its continuing activities consist solely of (i) fulfilling warranty and technical support obligations on legacy products in accordance with published policies, (ii) managing and liquidating remaining assets of the Company's legacy operating business, (iii) evaluating potential strategic transactions; (iv) collecting accounts receivable and recovering prepaid assets, (v) satisfying outstanding liabilities, and (vi) maintaining public-company compliance. These activities are transitional in nature and are not expected to generate material revenue.
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Strategy and Strategic Alternatives
The Company is actively evaluating strategic alternatives intended to enhance stockholder value. These alternatives may include without limitation one or more special transactions, an investment in, or an acquisition of a private operating company, additional asset sales, or other actions that maximize value for stockholders. The closing of the Asset Sale on October 24, 2025 triggered the mandatory redemption of all outstanding shares of the Company’s Class A Redeemable Preferred Stock. The Company currently estimates the final redemption amount will be approximately $50 after permitted expenses and net asset recoveries. There can be no assurance that any strategic transaction will be completed on favorable terms or at all.
Significant Ownership Changes
On November 24, 2025, Edward D. Bagley sold 700,000
shares of common stock to First Finance Ltd. As of December 31, 2025, First
Finance Ltd. beneficially owned approximately 53.8% of our outstanding common
stock. Any material changes in ownership after December 31, 2025 are disclosed
as subsequent events where required.
Company Information
Our website address is www.clearone.com.
We make our annual, quarterly, and current reports available free of charge on
the “Investor Relations” section of our website as soon as reasonably
practicable after filing with the SEC. The SEC maintains a website at
www.sec.gov that contains reports, proxy statements, and other information
regarding issuers that file electronically.
For a discussion of certain risks applicable to
our business, results of operations, financial position, and liquidity, see the
risk factors described in “Item 1A, Risk Factors” below.