NasdaqCM:CLRO

Stock Analysis Report

Executive Summary

ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and internationally.

Snowflake

Fundamentals

Flawless balance sheet and overvalued.


Similar Companies

Share Price & News

How has ClearOne's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

CLRO

0.8%

US Communications

2.3%

US Market


1 Year Return

6.5%

CLRO

-0.1%

US Communications

5.6%

US Market

Return vs Industry: CLRO exceeded the US Communications industry which returned -0.1% over the past year.

Return vs Market: CLRO exceeded the US Market which returned 5.6% over the past year.


Shareholder returns

CLROIndustryMarket
7 Day0%0.8%2.3%
30 Day-13.8%-5.4%-1.0%
90 Day-20.3%-15.7%-0.7%
1 Year6.5%6.5%2.1%-0.1%7.9%5.6%
3 Year-83.2%-83.9%51.2%41.8%45.6%36.3%
5 Year-73.9%-75.9%93.7%73.5%65.8%47.6%

Price Volatility Vs. Market

How volatile is ClearOne's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is ClearOne undervalued compared to its fair value and its price relative to the market?

0.63x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate CLRO's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate CLRO's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: CLRO is unprofitable, so we can't compare its PE Ratio to the Communications industry average.

PE vs Market: CLRO is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate CLRO's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: CLRO is good value based on its PB Ratio (0.6x) compared to the US Communications industry average (1.9x).


Next Steps

Future Growth

How is ClearOne forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.4%

Forecasted Tech industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as ClearOne has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has ClearOne performed over the past 5 years?

-67.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: CLRO is unprofitable, and losses have increased over the past 5 years at a rate of -67% per year.

Accelerating Growth: Unable to compare CLRO's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: CLRO is unprofitable, making it difficult to compare its past year earnings growth to the Communications industry (22.8%).


Return on Equity

High ROE: CLRO has a negative Return on Equity (-35.65%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: CLRO is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: CLRO is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is ClearOne's financial position?


Financial Position Analysis

Short Term Liabilities: CLRO's short term assets ($25.4M) exceeds its short term liabilities ($5.0M)

Long Term Liabilities: CLRO's short term assets (25.4M) exceeds its long term liabilities (2.8M)


Debt to Equity History and Analysis

Debt Level: CLRO is debt free.

Reducing Debt: CLRO has not had any debt for past 5 years.

Debt Coverage: CLRO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: CLRO has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet

Inventory Level: CLRO has a high level of physical assets or inventory.

Debt Coverage by Assets: CLRO's debt is not covered by short term assets (assets are -5.7184456268537E+16x debt).


Next Steps

Dividend

What is ClearOne's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%1.5%markettop25%3.8%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate CLRO's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate CLRO's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if CLRO's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if CLRO's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: CLRO is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of CLRO's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of ClearOne's salary, the management and board of directors tenure and is there insider trading?

8.3yrs

Average board tenure


CEO

Zee Hakimoglu (63yo)

15.3yrs

Tenure

US$355,000

Compensation

Ms. Zeynep Hakimoglu, also known as Zee, has been the Chief Executive Officer and President of ClearOne, Inc. since July 8, 2004. Ms. Hakimoglu served as an Interim Principal Financial Officer of ClearOne  ...


CEO Compensation Analysis

Compensation vs. Market: Zee's total compensation ($USD355.00K) is about average for companies of similar size in the US market ($USD493.00K).

Compensation vs Earnings: Zee's compensation has been consistent with company performance over the past year.


Board Age and Tenure

8.3yrs

Average Tenure

65.5yo

Average Age

Experienced Board: CLRO's board of directors are considered experienced (8.3 years average tenure).


Insider Trading

Insider Buying: CLRO insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$11,00003 Sep 19
Edward Bagley
EntityIndividual
Shares5,000
Max PriceUS$2.20
BuyUS$1,98022 Aug 19
Edward Bagley
EntityIndividual
Shares900
Max PriceUS$2.20
BuyUS$22419 Jun 19
Edward Bagley
EntityIndividual
Shares104
Max PriceUS$2.15
BuyUS$3,95117 Jun 19
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares1,800
Max PriceUS$2.20
BuyUS$4,57113 Jun 19
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares2,107
Max PriceUS$2.17
BuyUS$13,44812 Jun 19
Edward Bagley
EntityIndividual
Shares6,190
Max PriceUS$2.18
BuyUS$3212 Jun 19
Edward Bagley
EntityIndividual
Shares15
Max PriceUS$2.15
BuyUS$8,72607 Jun 19
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares4,108
Max PriceUS$2.13
BuyUS$18,94007 Jun 19
Edward Bagley
EntityIndividual
Shares8,941
Max PriceUS$2.12
BuyUS$82005 Jun 19
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares392
Max PriceUS$2.10
BuyUS$39404 Jun 19
Edward Bagley
EntityIndividual
Shares192
Max PriceUS$2.05
BuyUS$1,743,16107 Dec 18
Bla Investment Irrevocable Trust
EntityCompany
Shares1,452,634
Max PriceUS$1.20
BuyUS$3,269,40807 Dec 18
Edward Bagley
EntityIndividual
Shares2,724,507
Max PriceUS$1.20
BuyUS$821,47707 Dec 18
Bryan Bagley
EntityIndividual
Shares684,564
Max PriceUS$1.20
BuyUS$148,14927 Nov 18
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares116,653
Max PriceUS$1.27
SellUS$4,70623 Nov 18
Larry Hendricks
EntityIndividual
Role
Member of the Board of Directors
Director
Shares3,765
Max PriceUS$1.25
BuyUS$39,33721 Nov 18
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares30,974
Max PriceUS$1.27
BuyUS$107,62615 Nov 18
Zeynep Hakimoglu
EntityIndividual
Role
Chief Executive Officer
Chairman
Shares86,439
Max PriceUS$1.27

Ownership Breakdown


Management Team

  • Zee Hakimoglu (63yo)

    Chairman

    • Tenure: 15.3yrs
    • Compensation: US$355.00k
  • Narsi Narayanan (49yo)

    Senior VP of Finance & Corporate Secretary

    • Tenure: 10.3yrs
    • Compensation: US$196.50k

Board Members

  • Zee Hakimoglu (63yo)

    Chairman

    • Tenure: 15.3yrs
    • Compensation: US$355.00k
  • Larry Hendricks (76yo)

    Director

    • Tenure: 16.3yrs
    • Compensation: US$34.26k
  • Eric Robinson (52yo)

    Director

    • Tenure: 4.3yrs
    • Compensation: US$37.20k
  • Bruce Whaley (68yo)

    Director

    • Tenure: 0.5yrs

Company Information

ClearOne, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: ClearOne, Inc.
  • Ticker: CLRO
  • Exchange: NasdaqCM
  • Founded: 1983
  • Industry: Communications Equipment
  • Sector: Tech
  • Market Cap: US$30.130m
  • Shares outstanding: 16.65m
  • Website: https://www.clearone.com

Number of Employees


Location

  • ClearOne, Inc.
  • Edgewater Corporate Park South Tower
  • 5225 Wiley Post Way
  • Salt Lake City
  • Utah
  • 84116
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
CLRONasdaqCM (Nasdaq Capital Market)YesCommon StockUSUSDMar 1989

Biography

ClearOne, Inc., together with its subsidiaries, designs, develops, and sells conferencing, collaboration, and network streaming solutions for voice and visual communications in the United States and intern ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/16 23:33
End of Day Share Price2019/10/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.