NASDAQ: CLRO
CLEARONE INCCIK 0000840715 · Information Technology · 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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Latest financial statements
From 10-Q filed May 15, 2026 (period ending Mar 31, 2026). SEC XBRL (companyfacts) — not generated by the model.
Consolidated Statements of Operations (Unaudited)
| Description | Q1 ended Mar 31, 2026 | Q3 ended Sep 30, 2025 |
|---|---|---|
| Revenue: | ||
| Total revenue / net sales | — | — |
| Cost of revenue / cost of sales | 70,000 | 27,000 |
| Gross profit | (70,000) | (27,000) |
| Operating expenses: | ||
| Sales and marketing | — | — |
| Research and development | — | — |
| General and administrative | 780,000 | 827,000 |
| Total operating expenses | 780,000 | 827,000 |
| Operating income | (850,000) | (854,000) |
| Interest expense | — | 20,000 |
| Other income/(expense), net | — | 4,000 |
| Income before income taxes | (850,000) | (870,000) |
| Income tax expense/(benefit) | — | 1,000 |
| Net income | (487,000) | (13,736,000) |
| Basic earnings per share | (0.21) | (7.92) |
| Diluted earnings per share | (0.18) | (7.92) |
Consolidated Balance Sheets (Unaudited)
| Description | Mar 31, 2026 | Dec 31, 2025 |
|---|---|---|
| Current assets: | ||
| Cash and equivalents | 756,000 | 220,000 |
| Inventories | 333,000 | 353,000 |
| Prepaid expenses and other current assets | 10,000 | — |
| Other current assets | 573,000 | 1,123,000 |
| Total current assets | 1,672,000 | 1,696,000 |
| Operating lease right-of-use assets, net | 321,000 | 494,000 |
| Other long-term assets | 24,000 | 109,000 |
| TOTAL ASSETS | 2,017,000 | 2,299,000 |
| Current liabilities: | ||
| Accounts payable | 64,000 | 30,000 |
| Current portion of operating lease liabilities | 168,000 | 223,000 |
| Accrued liabilities | 415,000 | 649,000 |
| Other current liabilities | 228,000 | 585,000 |
| Total current liabilities | 875,000 | 1,487,000 |
| Operating lease liabilities | 169,000 | 290,000 |
| Other long-term liabilities | 441,000 | 1,236,000 |
| Total liabilities | 1,485,000 | 3,013,000 |
| Shareholders' equity: | ||
| Common stock | 3,000 | 2,000 |
| Capital in excess of stated value | 37,500,000 | 35,767,000 |
| Accumulated other comprehensive income (loss) | (341,000) | (340,000) |
| Retained earnings (deficit) | (36,630,000) | (36,143,000) |
| Total shareholders' equity | 532,000 | (714,000) |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY | 2,017,000 | 2,299,000 |
Amounts in USD as reported; EPS as reported. Line labels are presentation-friendly mappings of filer XBRL tags — not a re-audit of the full statements. Use EDGAR for interactive notes and detail. 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.