Revenue growth has reached -100% with gross margins effectively vanishing, as evidenced by the -$243,000 gross profit reported in 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Jun'09 | Jun'08 | Jun'07 | Jun'06 | Jun'05 | Jun'04 | Jun'03 | Jun'02 | Jun'01 | Jun'00 | Jun'99 | Jun'98 | Jun'97 |
|---|
| Sales/Revenue | 1.92M | 0 | 11.39M | 18.7M | 25.2M | 28.97M | 29.07M | 25.04M | 28.16M | 41.8M | 48.64M | 57.8M | 57.91M | 49.59M | 46.42M | 46.07M | 41.28M | 0 | 35.7M | 39.75M | 39.86M | 37.63M | 31.64M | 33.89M | 57.59M | 54.54M | 39.88M | 30.87M | 22.99M | 17.27M | 13.37M |
| Revenue Growth % | -80.99% | -100% | -39.13% | -25.79% | -12.99% | -0.35% | 16.08% | -11.06% | -32.65% | -14.05% | -15.85% | -0.2% | 16.77% | 6.84% | 0.76% | 11.59% | - | -100% | -10.19% | -0.27% | 5.92% | 18.92% | -6.64% | -41.14% | 5.58% | 36.77% | 29.17% | 34.28% | 33.14% | 29.14% | 16.59% |
| Cost of Goods Sold | 2.67M | 328K | 8.76M | 12.35M | 15.75M | 17.05M | 16.51M | 13.85M | 14.79M | 17.8M | 19.15M | 21.08M | 22.59M | 19.73M | 19.09M | 18.52M | 16.64M | 14.55M | 15.32M | 16.46M | 17.72M | 19.28M | 14.95M | 20.43M | 35.3M | 23M | 16.5M | 8.24M | 9.88M | 8.35M | 6.87M |
| COGS % of Revenue | - | - | 76.91% | 66.01% | 62.48% | 58.86% | 56.8% | 55.3% | 52.51% | 42.57% | 39.37% | 36.47% | 39% | 39.79% | 41.13% | 40.21% | 40.31% | - | 42.92% | 41.41% | 44.46% | 51.24% | 47.25% | 60.28% | 61.3% | 42.17% | 41.38% | 26.68% | 42.96% | 48.34% | 51.41% |
| Gross Profit | -749K | -328K | 2.63M | 6.36M | 9.46M | 11.92M | 12.56M | 11.19M | 13.37M | 24.01M | 29.49M | 36.72M | 35.32M | 29.86M | 27.33M | 27.55M | 24.64M | 0 | 20.38M | 23.29M | 22.14M | 18.35M | 16.69M | 13.46M | 22.28M | 31.54M | 23.38M | 18.94M | 13.11M | 8.92M | 6.5M |
| Gross Margin % | -39.09% | - | 23.09% | 33.99% | 37.52% | 41.14% | 43.2% | 44.7% | 47.49% | 57.43% | 60.63% | 63.53% | 61% | 60.21% | 58.88% | 59.79% | 59.69% | - | 57.08% | 58.59% | 55.54% | 48.76% | 52.75% | 39.72% | 38.7% | 57.83% | 58.62% | 61.35% | 57.04% | 51.66% | 48.59% |
| Gross Profit Growth % | - | -112.48% | -58.64% | -32.78% | -20.64% | -5.12% | 12.2% | -16.29% | -44.31% | -18.58% | -19.7% | 3.95% | 18.31% | 9.25% | -0.79% | 11.79% | - | -100% | -12.51% | 5.21% | 20.66% | 9.91% | 24% | -39.58% | -29.35% | 34.94% | 23.42% | 44.43% | 46.99% | 37.3% | 25.2% |
| Operating Expenses | 6.65M | 4.07M | 11.84M | 13.13M | 16.68M | 19.41M | 18.13M | 19.75M | 23.7M | 40.2M | 25.92M | 26.95M | 27.35M | 22.23M | 23.31M | 20.68M | 22.84M | 17.59M | 17.6M | 20.41M | 18.42M | 20.07M | 18.11M | 25.08M | 59.19M | 20.81M | 14.9M | 8M | 8.97M | 7.26M | 6.63M |
| OpEx % of Revenue | - | - | 103.99% | 70.19% | 66.17% | 67.01% | 62.36% | 78.89% | 84.17% | 96.17% | 53.29% | 46.63% | 47.23% | 44.84% | 50.21% | 44.88% | 55.33% | - | 49.3% | 51.35% | 46.2% | 53.33% | 57.22% | 74.01% | 102.79% | 38.15% | 37.37% | 25.9% | 39.01% | 42.06% | 49.56% |
| Selling, General & Admin | 5.46M | 3.82M | 8.54M | 9.46M | 12.29M | 13.62M | 12.61M | 13.98M | 15.86M | 18.16M | 17.36M | 18.14M | 18.38M | 15.31M | 15.05M | 13.55M | 15.11M | 0 | 10.06M | 13.34M | 10.88M | 12.97M | 14.56M | 21.18M | 30.2M | 16.76M | 12.4M | 9.9M | 7.47M | 6.12M | 5.58M |
| SG&A % of Revenue | - | - | 75.01% | 50.57% | 48.76% | 47.01% | 43.39% | 55.83% | 56.32% | 43.43% | 35.69% | 31.38% | 31.74% | 30.88% | 32.41% | 29.41% | 36.59% | - | 28.18% | 33.56% | 27.3% | 34.48% | 46.01% | 62.48% | 52.44% | 30.72% | 31.1% | 32.05% | 32.51% | 35.45% | 41.73% |
| Research & Development | 3.41M | 0 | 3.3M | 3.67M | 4.39M | 5.79M | 5.51M | 5.78M | 7.84M | 9.34M | 8.56M | 8.32M | 8.97M | 7.56M | 8.26M | 7.13M | 7.74M | 0 | 7.54M | 7.07M | 7.54M | 8.3M | 5.3M | 3.91M | 3M | 4.05M | 2.5M | 1.82M | 1.49M | 1.14M | 1.05M |
| R&D % of Revenue | - | - | 28.97% | 19.63% | 17.42% | 20% | 18.96% | 23.06% | 27.84% | 22.35% | 17.61% | 14.39% | 15.49% | 15.25% | 17.8% | 15.47% | 18.75% | - | 21.12% | 17.79% | 18.9% | 22.05% | 16.76% | 11.53% | 5.2% | 7.43% | 6.27% | 5.9% | 6.5% | 6.62% | 7.83% |
| Other Operating Expenses | -1.17M | 247K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 12.7M | 0 | 496K | 0 | -639K | 0 | 0 | 0 | 17.59M | 0 | 0 | 0 | -1.21M | -1.76M | 0 | 26M | 0 | 0 | -3.72M | 0 | 0 | 0 |
| Operating Income | -7.4M | -4.4M | -9.21M | -6.77M | -7.22M | -7.5M | -5.57M | -8.56M | -10.33M | -3.49M | 3.55M | 10.26M | 8.56M | 6.98M | 4.35M | 7.04M | 4M | 1.53M | 2.88M | 2.88M | 3.72M | -3.29M | -3.17M | -7.36M | -20.23M | 10.73M | 1.88M | 5.79M | 4.14M | 1.2M | -129.38K |
| Operating Margin % | -386.17% | - | -80.9% | -36.21% | -28.65% | -25.87% | -19.15% | -34.19% | -36.68% | -8.35% | 7.29% | 17.76% | 14.79% | 14.08% | 9.37% | 15.28% | 9.68% | - | 8.06% | 7.24% | 9.33% | -8.73% | -10.02% | -21.71% | -35.13% | 19.68% | 4.72% | 18.77% | 18.02% | 6.96% | -0.97% |
| Operating Income Growth % | - | 52.27% | -36.02% | 6.23% | 3.64% | -34.63% | 34.98% | 17.09% | -195.9% | -198.42% | -65.45% | 19.84% | 22.63% | 60.6% | -38.21% | 76.06% | 161.93% | -47% | 0% | -22.63% | 213.24% | -3.66% | 56.92% | 63.63% | -288.49% | 469.71% | -67.48% | 39.84% | 244.88% | 1028.58% | -128.18% |
| EBITDA | -6.92M | -4.14M | -8.31M | -5.62M | -3.85M | -4.22M | -2.89M | -6.09M | -8.74M | -1.96M | 5.42M | 12.32M | 10.54M | 8.4M | 6.26M | 8.32M | 5.32M | 2.46M | 3.65M | 3.65M | 4.59M | -1.9M | -804K | -5.41M | -16.76M | 11.91M | 2.93M | 6.55M | 4.8M | 1.88M | 544.3K |
| EBITDA Margin % | -361.43% | - | -72.98% | -30.05% | -15.27% | -14.56% | -9.93% | -24.31% | -31.03% | -4.69% | 11.14% | 21.32% | 18.19% | 16.95% | 13.5% | 18.07% | 12.88% | - | 10.21% | 9.17% | 11.52% | -5.04% | -2.54% | -15.95% | -29.11% | 21.83% | 7.34% | 21.23% | 20.9% | 10.89% | 4.07% |
| EBITDA Growth % | 24.89% | 50.18% | -47.86% | -45.97% | 8.72% | -46.05% | 52.55% | 30.33% | -345.99% | -136.15% | -56.01% | 16.94% | 25.34% | 34.16% | -24.72% | 56.55% | 115.92% | -32.47% | 0% | -20.58% | 342.01% | -135.95% | 85.13% | 67.74% | -240.79% | 306.48% | -55.31% | 36.42% | 155.56% | 245.37% | -46.33% |
| D&A (Non-Cash Add-back) | 474K | 256K | 901K | 1.15M | 3.37M | 3.28M | 2.68M | 2.48M | 1.59M | 1.53M | 1.87M | 2.06M | 1.97M | 1.42M | 1.92M | 1.28M | 1.32M | 936K | 767K | 767K | 870K | 1.39M | 2.37M | 1.95M | 3.47M | 1.17M | 1.04M | 759.81K | 660.83K | 678.5K | 673.68K |
| EBIT | -7.39M | -4.4M | -8.83M | 411K | 27.88M | -7.46M | -5.49M | -8.35M | -10.25M | -15.89M | 3.88M | 10.55M | 8.23M | 7.77M | 42.55M | 10.6M | 1.74M | 1.08M | 2.89M | 2.89M | 5.25M | -1.06M | -992K | -11.7M | -20.23M | -9.94M | 1.88M | 5.79M | 4.5M | 1.2M | -264.25K |
| Net Interest Income | -84K | -28K | 228K | -537K | -420K | -514K | -436K | -26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -8K | 0 | 473K | 1.03M | 1.46M | 813K | 321K | -131K | 0 | 423.05K | 354.92K | 0 | 0 | 0 | -188.34K |
| Interest Income | 0 | 0 | 228K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 43K | 0 | 474K | 1.04M | 1.47M | 813K | 425K | 52K | 0 | 446.55K | 397.44K | 0 | 0 | 0 | 7.84K |
| Interest Expense | 84K | 28K | 0 | 537K | 420K | 514K | 436K | 26K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 51K | 0 | 1K | 5K | 4K | 0 | 104K | 183K | 0 | 23.49K | 42.52K | 0 | 0 | 0 | 196.18K |
| Other Income/Expense | -157K | -145K | 383K | 6.65M | 34.68M | -482K | -357K | 210K | 80K | -12.4M | 332K | 289K | -334K | 786K | 38.21M | 3.56M | -2.3M | -1.32M | 5K | 5K | 1.52M | 2.22M | 2.07M | -4.52M | 132K | 288K | 188K | 153K | -914.28K | -213.71K | -228.62K |
| Pretax Income | -7.56M | -4.54M | -8.83M | -126K | 27.46M | -7.98M | -5.92M | -8.35M | -10.25M | -15.89M | 3.88M | 10.55M | 8.23M | 7.77M | 42.55M | 10.6M | 1.69M | 0 | 3.22M | 2.88M | 5.24M | -1.06M | -1.1M | -11.88M | -20.18M | 11.24M | 2.07M | 5.95M | 3.23M | 987.65K | -336K |
| Pretax Margin % | -394.36% | - | -77.53% | -0.67% | 108.95% | -27.54% | -20.38% | -33.35% | -36.39% | -38.02% | 7.97% | 18.26% | 14.21% | 15.67% | 91.68% | 23% | 4.1% | - | 9.03% | 7.26% | 13.16% | -2.83% | -3.46% | -35.06% | -35.05% | 20.61% | 5.2% | 19.26% | 14.04% | 5.72% | -2.51% |
| Income Tax | 83K | 83K | 155K | 434K | 6.9M | -283K | -6.43M | 56K | 6.44M | -1.72M | 1.43M | 3.77M | 2.63M | 2.59M | 15.91M | 3.67M | -681K | 0 | 995K | -2.76M | 457K | -870K | -3.25M | -262K | -2.09M | 3.83M | 3.32M | 2.67M | 1.52M | 39K | 36.9K |
| Effective Tax Rate % | -1.1% | -1.83% | -1.76% | -344.44% | 25.14% | 3.55% | 108.52% | -0.67% | -62.85% | 10.83% | 36.98% | 35.78% | 32% | 33.34% | 37.38% | 34.61% | -40.22% | - | 30.88% | -95.56% | 8.71% | 81.69% | 296.35% | 2.21% | 10.38% | 34.08% | 160.18% | 44.94% | 47.1% | 3.95% | -10.98% |
| Net Income | -23.74M | -26.08M | -8.98M | -560K | 20.56M | -7.69M | 505K | -8.41M | -16.69M | -14.17M | 2.44M | 6.78M | 5.6M | 5.18M | 26.65M | 6.93M | 2.37M | 0 | 2.23M | 5.66M | 5.21M | 2.1M | 16.07M | -9.89M | -35.97M | 7.41M | 3.62M | 4.41M | 2.54M | 1.4M | -372.9K |
| Net Margin % | -1238.88% | - | -78.9% | -2.99% | 81.56% | -26.56% | 1.74% | -33.58% | -59.27% | -33.9% | 5.03% | 11.72% | 9.66% | 10.44% | 57.41% | 15.04% | 5.75% | - | 6.24% | 14.23% | 13.07% | 5.57% | 50.8% | -29.17% | -62.47% | 13.59% | 9.07% | 14.28% | 11.07% | 8.13% | -2.79% |
| Net Income Growth % | -139.31% | -190.37% | -1504.11% | -102.72% | 367.17% | -1623.56% | 106.01% | 49.61% | -17.75% | -679.87% | -63.93% | 21.09% | 8.05% | -80.56% | 284.57% | 191.87% | - | -100% | -60.63% | 8.58% | 148.52% | -86.96% | 262.59% | 72.51% | -585.4% | 104.83% | -17.94% | 73.28% | 81.17% | 476.63% | -232.24% |
| Net Income (Continuing) | -7.64M | -4.62M | -8.98M | -560K | 20.56M | -7.69M | 505K | -8.41M | -16.69M | -14.17M | 2.44M | 6.78M | 5.6M | 5.18M | 26.65M | 6.93M | 2.37M | 0 | 2.23M | 5.64M | 4.79M | -60K | 2.15M | -11.3M | -18.09M | 0 | 1.67M | 3.82M | 2.02M | 960.96K | -492.96K |
| Discontinued Operations | -1.64M | -21.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1.95M | 592K | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -8.62 | -14.77 | -0.37 | -0.02 | 0.82 | -0.39 | 0.03 | -0.51 | -1.87 | -1.65 | 0.26 | 0.71 | 0.58 | 0.55 | 2.89 | 0.75 | 0.27 | 1.50 | 0.24 | 0.52 | 0.45 | 0.17 | 1.30 | -0.89 | -3.22 | -0.69 | 0.39 | 0.50 | 0.30 | 0.18 | -0.05 |
| EPS Growth % | -3124.54% | -3891.89% | -1481.2% | -102.85% | 310.26% | -1435.62% | 105.73% | 72.73% | -13.33% | -734.62% | -63.38% | 22.41% | 5.45% | -80.97% | 285.33% | 177.78% | -82% | 525% | -53.85% | 15.56% | 164.71% | -86.92% | 246.07% | 72.36% | -366.67% | -276.92% | -22% | 66.67% | 66.67% | 460% | -225% |
| EPS (Basic) | - | -14.77 | -0.37 | -0.02 | 0.86 | -0.39 | 0.03 | -0.51 | -1.87 | -1.65 | 0.27 | 0.74 | 0.61 | 0.57 | 2.93 | 0.77 | 0.27 | 1.50 | 0.24 | 0.53 | 0.45 | 0.18 | 1.44 | -0.89 | -3.22 | -0.69 | 0.42 | 0.53 | 0.31 | 0.18 | -0.05 |
| Diluted Shares Outstanding | 2.75M | 1.77M | 23.99M | 23.96M | 25.19M | 19.86M | 17.33M | 16.64M | 8.94M | 8.58M | 9.42M | 9.59M | 9.58M | 9.46M | 9.21M | 9.27M | 8.94M | 9.21M | 9.34M | 10.8M | 11.58M | 12.21M | 12.33M | 11.11M | 11.18M | 9.59M | 9.28M | 8.82M | 8.48M | 7.8M | 7.46M |
| Basic Shares Outstanding | 2.38M | 1.77M | 23.99M | 23.96M | 23.94M | 19.86M | 17.27M | 16.64M | 8.92M | 8.58M | 9.02M | 9.13M | 9.17M | 9.06M | 9.11M | 9.03M | 8.93M | 9.21M | 9.21M | 10.69M | 11.5M | 11.96M | 11.18M | 11.11M | 11.18M | 9.59M | 8.61M | 8.32M | 8.21M | 7.8M | 7.46M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | 74.35% | 20.91% | 16.33% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Imminent Liquidity Exhaustion
As reported in recent financial filings, ClearOne's revenue growth has plummeted to -100% year-over-year, signaling a complete cessation of primary business operations that renders previous growth trends irrelevant and suggests the company may no longer be functioning as a viable, revenue-generating entity in the professional audio market.
The transition from multi-million dollar quarterly revenue to zero indicates a structural failure rather than a cyclical downturn. Investors should interpret this as a potential liquidation event or a fundamental shift in the company's operational status that precludes any expectation of future top-line recovery.
According to the latest income statement data, gross margins have effectively vanished, with the company reporting negative gross profit figures in recent quarters, which highlights a total loss of pricing power and an inability to cover the direct costs associated with its remaining hardware inventory.
The inability to maintain positive gross margins suggests that the company's product portfolio has become commoditized or obsolete. This margin profile implies that even if sales were to resume, the current cost structure is fundamentally incapable of generating the contribution margin required to support ongoing operations.
Based on reported figures, ClearOne's operating expenses continue to significantly outpace gross profit, resulting in persistent operating losses that have accelerated as revenue has evaporated, leaving the firm with no operational leverage to offset its fixed overhead costs in the current, non-revenue-generating environment.
The persistence of SG&A and R&D expenses despite the absence of revenue suggests a rigid cost structure that the company has failed to rationalize. This lack of expense discipline appears to be rapidly depleting the remaining cash reserves, further limiting the firm's ability to pivot or restructure.
As indicated by the income statement, the company continues to incur significant SG&A and R&D expenses despite the total absence of revenue, which suggests a failure to align the cost structure with the current reality of a business that has effectively ceased its primary commercial activities.
The continued expenditure on R&D and SG&A in the absence of any top-line contribution warrants immediate investigation into the company's remaining obligations. This cost profile appears unsustainable and suggests that the firm is burning through its final liquidity to maintain a shell of its former operations.
While some might argue for a potential turnaround, the data suggests that ClearOne is likely a distressed asset, as the combination of a $220,000 cash balance and zero revenue indicates that the company is likely facing an imminent liquidity crisis that precludes any meaningful operational recovery.
The market's valuation of the company may be disconnected from the reality of its current financial position, which appears to be that of a firm in the final stages of a wind-down. Investors should monitor for any disclosures regarding bankruptcy or asset sales, as the current financials provide no evidence of a path to solvency.
Quick answers to the most common questions about buying CLRO stock.
For fiscal year 2025, ClearOne, Inc. (CLRO) reported total revenue of $0.0M. This represents a 100.0% decline compared to $13.4M in 1996.
ClearOne, Inc. (CLRO) reported a net loss of $26.1M for the fiscal year ending 2025.