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 Analysis

Mediocre 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

Stable Share Price: CLRO has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.2%

CLRO

0.02%

US Communications

-2.0%

US Market


1 Year Return

-19.5%

CLRO

-29.3%

US Communications

-15.1%

US Market

Return vs Industry: CLRO exceeded the US Communications industry which returned -29.2% over the past year.

Return vs Market: CLRO underperformed the US Market which returned -13.6% over the past year.


Shareholder returns

CLROIndustryMarket
7 Day1.2%0.02%-2.0%
30 Day-29.2%-7.4%-19.7%
90 Day-4.6%-18.4%-23.2%
1 Year-19.5%-19.5%-27.6%-29.3%-13.4%-15.1%
3 Year-82.7%-83.3%11.7%4.6%10.9%3.7%
5 Year-83.3%-84.4%37.5%21.9%28.4%14.4%

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?

0.62x

Price to Book (PB) ratio


Share Price vs. Fair Value

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

Significantly Below Fair Value: 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

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 (1.3x).


Next Steps

Future Growth

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

11.9%

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?

-60.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: CLRO is currently unprofitable.

Growing Profit Margin: CLRO is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: CLRO is unprofitable, and losses have increased over the past 5 years at a rate of -60.4% 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 (-13.2%).


Return on Equity

High ROE: CLRO has a negative Return on Equity (-18.9%), as it is currently unprofitable.


Next Steps

Financial Health

How is ClearOne's financial position?


Financial Position Analysis

Short Term Liabilities: CLRO's short term assets ($25.2M) exceed its short term liabilities ($6.2M).

Long Term Liabilities: CLRO's short term assets ($25.2M) exceed its long term liabilities ($4.4M).


Debt to Equity History and Analysis

Debt Level: CLRO's debt to equity ratio (3.7%) is considered satisfactory.

Reducing Debt: Insufficient data to determine if CLRO's debt to equity ratio has reduced over the past 5 years.


Balance Sheet

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

Debt Coverage by Assets: CLRO's debt is covered by short term assets (assets are 15.1x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: CLRO has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: CLRO has less than a year of cash runway if free cash flow continues to reduce at historical rates of -41.7% each year


Next Steps

Dividend

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


Dividend Yield vs Market

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.


Stability and Growth of Payments

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

How experienced are the management team and are they aligned to shareholders interests?

8.8yrs

Average board tenure


CEO

Zee Hakimoglu (63yo)

15.75s

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 ($USD355.00K) is below average for companies of similar size in the US market ($USD605.16K).

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


Board Members

NamePositionTenureCompensationOwnership
Zeynep Hakimoglu
Chairman15.75yrsUS$355.00k4.95% $1.4m
Larry Hendricks
Independent Director16.83yrsUS$34.26k0.033% $9.2k
Eric Robinson
Independent Director4.75yrsUS$37.20k0.00039% $107.1
Bruce Whaley
Independent Director1yrno data0.018% $4.9k

8.8yrs

Average Tenure

65yo

Average Age

Experienced Board: CLRO's board of directors are considered experienced (8.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been substantially diluted in the past year, with total shares outstanding growing by 86.1%.


Top Shareholders

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$27.466m
  • 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 internationally. The company offers a range of audio conferencing products, including professional audio conferencing and sound-reinforcement products for use in enterprise, healthcare, education and distance learning, government, legal, and finance organizations; mid-tier premium conferencing products for smaller rooms, and small and medium businesses, which interface with video and Web conferencing systems; USB-based personal and group speakerphones that could be used with PCs, laptops, tablets, smartphones, and other portable devices; and traditional tabletop conferencing phones used in conference rooms and offices. It also provides video products, such as video conferencing and collaboration solutions; and AV networking, which deliver the IP A/V experience by streaming time sensitive high definition audio and video, and control over TCP/IP networks. In addition, the company offers professional microphones consisting of beamforming microphones, ceiling microphones, and wireless microphones. ClearOne, Inc. sells its commercial products to a network of independent professional audiovisual, information technology, and telecommunications distributors, as well as systems integrators, dealers, value-added resellers, and end-users. The company was founded in 1983 and is headquartered in Salt Lake City, Utah. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/03 00:16
End of Day Share Price2020/04/02 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.