$CLRO
CLEARONE INC Stock $clro

$clro Overview Financials Valuation SEC Filings Company Website

2021 Q1 Form 10-Q Financial Statement

#000175392621000140 Filed on May 13, 2021

Income Statement

Concept	2021 Q1	2020 Q1
Revenue	$7.038M	$5.734M
YoY Change	22.74%	-9.06%
Cost Of Revenue	$4.035M	$2.896M
YoY Change	39.33%	-19.58%
Gross Profit	$3.003M	$2.838M
YoY Change	5.81%	4.96%
Gross Profit Margin	42.67%	49.49%
Selling, General & Admin	$3.253M	$3.245M
YoY Change	0.25%	-7.5%
% of Gross Profit	108.33%	114.34%
Research & Development	$1.274M	$1.344M
YoY Change	-5.21%	-15.31%
% of Gross Profit	42.42%	47.36%
Depreciation & Amortization	$660.0K	$520.0K
YoY Change	26.92%	2.16%
% of Gross Profit	21.98%	18.32%
Operating Expenses	$4.527M	$4.589M
YoY Change	-1.35%	-9.93%
Operating Profit	-$1.524M	-$1.751M
YoY Change	-12.96%	-26.77%
Interest Expense	$112.0K	$108.0K
YoY Change	3.7%
% of Operating Profit
Other Income/Expense, Net	-$5.000K	$35.00K
YoY Change	-114.29%	-16.67%
Pretax Income	-$1.641M	-$1.824M
YoY Change	-10.03%	-22.35%
Income Tax	$14.00K	$23.00K
% Of Pretax Income
Net Earnings	-$1.655M	-$1.847M
YoY Change	-10.4%	-21.37%
Net Earnings / Revenue	-23.52%	-32.21%
Basic Earnings Per Share	-$0.09	-$0.11
Diluted Earnings Per Share	-$0.09	-$0.11
COMMON SHARES
Basic Shares Outstanding	18.78M shares	16.65M shares
Diluted Shares Outstanding	18.78M shares	16.65M shares

Balance Sheet

Concept	2021 Q1	2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$3.000M	$6.200M
YoY Change	-51.61%	-14.01%
Cash & Equivalents	$2.034M	$2.855M
Short-Term Investments	$970.0K	$3.340M
Other Short-Term Assets	$1.270M	$1.080M
YoY Change	17.59%	-42.55%
Inventory	$9.816M	$10.35M
Prepaid Expenses
Receivables	$4.930M	$4.575M
Other Receivables	$7.210M	$0.00
Total Short-Term Assets	$26.23M	$22.20M
YoY Change	18.13%	-20.31%
LONG-TERM ASSETS
Property, Plant & Equipment	$812.0K	$966.0K
YoY Change	-15.94%	-24.53%
Goodwill
YoY Change
Intangibles	$20.49M	$15.41M
YoY Change	32.93%	38.81%
Long-Term Investments	$1.810M	$1.100M
YoY Change	64.55%	-82.37%
Other Assets	$4.600M	$4.592M
YoY Change	0.17%	2806.33%
Total Long-Term Assets	$33.62M	$30.14M
YoY Change	11.53%	0.23%
TOTAL ASSETS
Total Short-Term Assets	$26.23M	$22.20M
Total Long-Term Assets	$33.62M	$30.14M
Total Assets	$59.85M	$52.35M
YoY Change	14.33%	-9.65%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$2.907M	$2.475M
YoY Change	17.45%	6.41%
Accrued Expenses	$2.775M	$2.723M
YoY Change	1.91%	13.65%
Deferred Revenue	$78.00K	$207.0K
YoY Change	-62.32%	-20.08%
Short-Term Debt	$950.0K	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$6.710M	$5.405M
YoY Change	24.14%	8.51%
LONG-TERM LIABILITIES
Long-Term Debt	$2.927M	$2.270M
YoY Change	28.94%
Other Long-Term Liabilities	$678.0K	$140.0K
YoY Change	384.29%	-75.44%
Total Long-Term Liabilities	$3.605M	$140.0K
YoY Change	2475.0%	-75.44%
TOTAL LIABILITIES
Total Short-Term Liabilities	$6.710M	$5.405M
Total Long-Term Liabilities	$3.605M	$140.0K
Total Liabilities	$11.67M	$9.732M
YoY Change	19.89%	22.31%
SHAREHOLDERS EQUITY
Retained Earnings	-$15.03M
YoY Change
Common Stock	$63.41M	$58.58M
YoY Change	8.26%	1.1%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$48.18M	$42.61M
YoY Change
Total Liabilities & Shareholders Equity	$59.85M	$52.35M
YoY Change	14.33%	-9.65%

Cashflow Statement

Concept	2021 Q1	2020 Q1
OPERATING ACTIVITIES
Net Income	-$1.655M	-$1.847M
YoY Change	-10.4%	-21.37%
Depreciation, Depletion And Amortization	$660.0K	$520.0K
YoY Change	26.92%	2.16%
Cash From Operating Activities	-$13.00K	$531.0K
YoY Change	-102.45%	-141.04%
INVESTING ACTIVITIES
Capital Expenditures	$7.000K	$30.00K
YoY Change	-76.67%	-18.92%
Acquisitions
YoY Change
Other Investing Activities	-$1.580M	-$1.640M
YoY Change	-3.66%	-70.45%
Cash From Investing Activities	-$1.653M	-$1.716M
YoY Change	-3.67%	-69.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net	$90.00K
YoY Change
Cash From Financing Activities	-$86.00K	$3.000K
YoY Change	-2966.67%	-66.67%
NET CHANGE
Cash From Operating Activities	-$13.00K	$531.0K
Cash From Investing Activities	-$1.653M	-$1.716M
Cash From Financing Activities	-$86.00K	$3.000K
Net Change In Cash	-$1.752M	-$1.182M
YoY Change	48.22%	-82.81%
FREE CASH FLOW
Cash From Operating Activities	-$13.00K	$531.0K
Capital Expenditures	$7.000K	$30.00K
Free Cash Flow	-$20.00K	$501.0K
YoY Change	-103.99%	-137.64%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2020Q4	clro	Inventory Noncurrent Finished Goods Net Of Reserves InventoryNoncurrentFinishedGoodsNetOfReserves	2613000	USD
CY2020Q1	us-gaap	Incremental Common Shares Attributable To Equity Unit Purchase Agreements IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements		shares
CY2021Q1	clro	Inventory Noncurrent Raw Materials Net Of Reserves InventoryNoncurrentRawMaterialsNetOfReserves	2031000	USD
CY2021Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	3636117	shares
CY2021Q1	clro	Inventory Noncurrent Finished Goods Net Of Reserves InventoryNoncurrentFinishedGoodsNetOfReserves	2095000	USD
CY2021Q1	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	8676000	USD
CY2021Q1	us-gaap	Inventory Raw Materials Net Of Reserves InventoryRawMaterialsNetOfReserves	1140000	USD
CY2021Q1	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	511000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10549000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Two FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo	2107000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Three FiniteLivedIntangibleAssetsAmortizationExpenseYearThree	2101000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Four FiniteLivedIntangibleAssetsAmortizationExpenseYearFour	1837000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense Year Five FiniteLivedIntangibleAssetsAmortizationExpenseYearFive	1776000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Amortization Expense After Year Five FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive	11085000	USD
CY2020Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	8000	USD
CY2020Q1	us-gaap	Interest Paid Net InterestPaidNet	76000	USD
CY2020Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities		USD
CY2019Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	4064000	USD
CY2020Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1824000	USD
CY2021Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1524000	USD
CY2021Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	14000	USD
CY2021Q1	clro	Warrant Instrument Convertible Beneficial Conversion Feature WarrantInstrumentConvertibleBeneficialConversionFeature	122000	USD
CY2021Q1	us-gaap	Interest Paid Net InterestPaidNet	50000	USD
CY2021Q1	us-gaap	Inventory Noncurrent InventoryNoncurrent	4126000	USD
CY2021Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	678000	USD
CY2021Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	4000	USD
CY2021Q1	us-gaap	Income Taxes Paid Net IncomeTaxesPaidNet	43000	USD
CY2021Q1	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	18775773	shares
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Equity Unit Purchase Agreements IncrementalCommonSharesAttributableToEquityUnitPurchaseAgreements		shares
CY2020Q1	us-gaap	Stockholders Equity StockholdersEquity	42614000	USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Remainder Of Fiscal Year LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear	504000	USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Two LesseeOperatingLeaseLiabilityPaymentsDueYearTwo	634000	USD
CY2021Q1	us-gaap	Gross Profit GrossProfit	3003000	USD
CY2021Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1669000	USD
CY2021Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-5000	USD
CY2020Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	5734000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-2000	USD
CY2020Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	16650725	shares
CY2021Q1	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	-0.09
CY2021Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1573000	USD
CY2021Q1	us-gaap	Interest Expense InterestExpense	112000	USD
CY2020Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	-1751000	USD
CY2021Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	1274000	USD
CY2021Q1	us-gaap	Operating Expenses OperatingExpenses	4527000	USD
CY2020Q1	us-gaap	Gross Profit GrossProfit	2838000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax	-23000	USD
CY2021Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	18775773	shares
CY2021Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts		USD
CY2020Q4	clro	Warrants Carrying Amount WarrantsCarryingAmount	318000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour		USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	1920000	USD
CY2020Q4	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	312000	USD
CY2021Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	184000	USD
CY2021Q1	clro	Working Capital Deficit WorkingCapitalDeficit	19520000	USD
CY2020Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q1	us-gaap	Long Term Loans From Bank LongTermLoansFromBank	999000	USD
CY2020Q4	us-gaap	Loans Payable To Bank LoansPayableToBank	1499000	USD
CY2021Q1	us-gaap	Loans Payable To Bank LoansPayableToBank	1499000	USD
CY2021Q1	us-gaap	Loans Payable To Bank Current LoansPayableToBankCurrent	500000	USD
CY2020Q4	clro	Warrant Instrument Convertible Beneficial Conversion Feature WarrantInstrumentConvertibleBeneficialConversionFeature	122000	USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Five LesseeOperatingLeaseLiabilityPaymentsDueYearFive	69000	USD
CY2020Q4	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y6M14D
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due LesseeOperatingLeaseLiabilityPaymentsDue	2123000	USD
CY2020Q4	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.061	pure
CY2020Q1	us-gaap	Operating Lease Expense OperatingLeaseExpense	187000	USD
CY2020Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2068000	USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due After Year Five LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive		USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Undiscounted Excess Amount LesseeOperatingLeaseLiabilityUndiscountedExcessAmount	209000	USD
CY2020Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability	63000	USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Four LesseeOperatingLeaseLiabilityPaymentsDueYearFour	306000	USD
CY2021Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	184000	USD
CY2020Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2020Q4	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	18775773	shares
CY2020Q1	us-gaap	Interest Expense InterestExpense	108000	USD
CY2020Q1	us-gaap	Operating Lease Payments OperatingLeasePayments	180000	USD
CY2021Q1	us-gaap	Right Of Use Asset Obtained In Exchange For Operating Lease Liability RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability		USD
CY2020Q4	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	579000	USD
CY2021Q1	us-gaap	Operating Lease Weighted Average Discount Rate Percent OperatingLeaseWeightedAverageDiscountRatePercent	0.061	pure
CY2021Q2	dei	Entity Common Stock Shares Outstanding EntityCommonStockSharesOutstanding	18775773	shares
CY2020Q4	us-gaap	Long Term Loans From Bank LongTermLoansFromBank	1187000	USD
CY2021Q1	clro	Capitalized Patent Defense Costs CapitalizedPatentDefenseCosts	1678000	USD
CY2021Q1	dei	Amendment Flag AmendmentFlag	false
CY2021Q1	dei	Document Fiscal Period Focus DocumentFiscalPeriodFocus	Q1
CY2021Q1	dei	Document Fiscal Year Focus DocumentFiscalYearFocus	2021
CY2021Q1	dei	Document Period End Date DocumentPeriodEndDate	2021-03-31
CY2021Q1	dei	Document Type DocumentType	10-Q
CY2021Q1	dei	Entity Filer Category EntityFilerCategory	Non-accelerated Filer
CY2021Q1	dei	Entity Small Business EntitySmallBusiness	true
CY2021Q1	dei	Entity Emerging Growth Company EntityEmergingGrowthCompany	false
CY2021Q1	dei	Current Fiscal Year End Date CurrentFiscalYearEndDate	--12-31
CY2021Q1	dei	Trading Symbol TradingSymbol	clro
CY2021Q1	dei	Entity Central Index Key EntityCentralIndexKey	0000840715
CY2021Q1	dei	Entity Registrant Name EntityRegistrantName	CLEARONE INC
CY2021Q1	dei	Entity Current Reporting Status EntityCurrentReportingStatus	Yes
CY2021Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt	90000	USD
CY2021Q1	clro	Increase Decrease In Net Cash Provided By Used In Operating Activities IncreaseDecreaseInNetCashProvidedByUsedInOperatingActivities	544000	USD
CY2021Q1	us-gaap	Lessee Operating Lease Liability Payments Due Year Three LesseeOperatingLeaseLiabilityPaymentsDueYearThree	610000	USD
CY2021Q1	us-gaap	Operating Lease Liability OperatingLeaseLiability	1914000	USD
CY2021Q1	us-gaap	Operating Lease Liability Current OperatingLeaseLiabilityCurrent	561000	USD
CY2021Q1	us-gaap	Operating Lease Weighted Average Remaining Lease Term1 OperatingLeaseWeightedAverageRemainingLeaseTerm1	P3Y3M29D
CY2021Q1	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax		USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	29286000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Net FiniteLivedIntangibleAssetsNet	19248000	USD
CY2020Q4	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Loss Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedLossBeforeTax		USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsFairValue	1807000	USD
CY2020Q4	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	2848000	USD
CY2021Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Twelve Months Or Longer Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionTwelveMonthsOrLongerFairValue		USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsAmortizedCost		USD
CY2021Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionFairValue		USD
CY2021Q1	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	23000	USD
CY2020Q4	us-gaap	Available For Sale Securities AvailableForSaleSecurities	2879000	USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Fair Value AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearFairValue	967000	USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Maturities After One Through Five Years Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesAfterOneThroughFiveYearsAmortizedCost	1791000	USD
CY2021Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than12 Months Accumulated Loss AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThan12MonthsAccumulatedLoss		USD
CY2021Q1	us-gaap	Available For Sale Debt Securities Amortized Cost Basis AvailableForSaleDebtSecuritiesAmortizedCostBasis	2751000	USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Maturities Within One Year Amortized Cost AvailableForSaleSecuritiesDebtMaturitiesWithinOneYearAmortizedCost	960000	USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Maturities After Five Through Ten Years Fair Value AvailableForSaleSecuritiesDebtMaturitiesAfterFiveThroughTenYearsFairValue		USD
CY2021Q1	us-gaap	Available For Sale Securities AvailableForSaleSecurities	2774000	USD
CY2021Q1	us-gaap	Available For Sale Securities Amortized Cost AvailableForSaleSecuritiesAmortizedCost	2751000	USD
CY2021Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Less Than Twelve Months Fair Value AvailableForSaleSecuritiesContinuousUnrealizedLossPositionLessThanTwelveMonthsFairValue		USD
CY2021Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position12 Months Or Longer Accumulated Loss AvailableForSaleSecuritiesContinuousUnrealizedLossPosition12MonthsOrLongerAccumulatedLoss		USD
CY2021Q1	us-gaap	Available For Sale Securities Debt Securities AvailableForSaleSecuritiesDebtSecurities	2774000	USD
CY2021Q1	us-gaap	Available For Sale Securities Continuous Unrealized Loss Position Accumulated Loss AvailableForSaleSecuritiesContinuousUnrealizedLossPositionAccumulatedLoss		USD
CY2020Q4	us-gaap	Available For Sale Securities Accumulated Gross Unrealized Gain Before Tax AvailableForSaleSecuritiesAccumulatedGrossUnrealizedGainBeforeTax	31000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	3000	USD
CY2021Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	3636117	shares
CY2020Q4	clro	Inventory Noncurrent Raw Materials Net Of Reserves InventoryNoncurrentRawMaterialsNetOfReserves	1977000	USD
CY2021Q1	dei	Entity Interactive Data Current EntityInteractiveDataCurrent	Yes
CY2021Q1	clro	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	149000	USD
CY2021Q1	us-gaap	Increase Decrease In Deferred Revenue IncreaseDecreaseInDeferredRevenue	-45000	USD
CY2020Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-110000	USD
CY2020Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-1428000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1653000	USD
CY2020Q1	clro	Operating Lease Right Of Use Asset Amortization OperatingLeaseRightOfUseAssetAmortization	143000	USD
CY2020Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-396000	USD
CY2020Q1	us-gaap	Provision For Doubtful Accounts ProvisionForDoubtfulAccounts	15000	USD
CY2021Q1	us-gaap	Increase Decrease In Other Noncurrent Liabilities IncreaseDecreaseInOtherNoncurrentLiabilities		USD
CY2020Q1	clro	Capitalized Patent Defense Costs CapitalizedPatentDefenseCosts	1722000	USD
CY2021Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	446000	USD
CY2021Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1769000	USD
CY2021Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	-13000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-1716000	USD
CY2021Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	413000	USD
CY2021Q1	us-gaap	Share Based Compensation ShareBasedCompensation	31000	USD
CY2021Q1	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	-43000	USD
CY2021Q1	us-gaap	Increase Decrease In Accounts Payable IncreaseDecreaseInAccountsPayable	-1043000	USD
CY2020Q1	us-gaap	Cash And Cash Equivalents Period Increase Decrease CashAndCashEquivalentsPeriodIncreaseDecrease	-1209000	USD
CY2021Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	661000	USD
CY2021Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-17000	USD
CY2021Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	7000	USD
CY2021Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	310000	USD
CY2020Q1	us-gaap	Proceeds From Sale And Maturity Of Marketable Securities ProceedsFromSaleAndMaturityOfMarketableSecurities	1208000	USD
CY2021Q1	clro	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-154000	USD
CY2021Q1	us-gaap	Increase Decrease In Prepaid Deferred Expense And Other Assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets	-265000	USD
CY2020Q1	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	531000	USD
CY2020Q1	clro	Increase Decrease In Operating Lease Liabilities IncreaseDecreaseInOperatingLeaseLiabilities	-146000	USD
CY2020Q1	us-gaap	Payments To Acquire Marketable Securities PaymentsToAcquireMarketableSecurities	1124000	USD
CY2020Q1	us-gaap	Increase Decrease In Income Taxes Payable Net Of Income Taxes Receivable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable	10000	USD
CY2020Q1	us-gaap	Increase Decrease In Accrued Liabilities IncreaseDecreaseInAccruedLiabilities	-458000	USD
CY2020Q1	us-gaap	Effect Of Exchange Rate On Cash And Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents	-27000	USD
CY2020Q1	us-gaap	Depreciation And Amortization DepreciationAndAmortization	522000	USD
CY2020Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-878000	USD
CY2020Q1	us-gaap	Selling And Marketing Expense SellingAndMarketingExpense	1739000	USD
CY2020Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-34000	USD
CY2021Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1680000	USD
CY2020Q1	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	1506000	USD
CY2020Q1	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	23000	USD
CY2020Q1	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	542818	shares
CY2020Q1	us-gaap	Cost Of Goods And Services Sold CostOfGoodsAndServicesSold	2896000	USD
CY2020Q1	us-gaap	Operating Expenses OperatingExpenses	4589000	USD
CY2021Q1	us-gaap	Revenue From Contract With Customer Including Assessed Tax RevenueFromContractWithCustomerIncludingAssessedTax	7038000	USD
CY2020Q4	us-gaap	Inventory Finished Goods Net Of Reserves InventoryFinishedGoodsNetOfReserves	9281000	USD
CY2020Q1	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	-1904000	USD
CY2020Q1	us-gaap	Repayments Of Long Term Debt RepaymentsOfLongTermDebt		USD
CY2020Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	16650725	shares
CY2020Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	35000	USD
CY2021Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.09
CY2021Q1	us-gaap	Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments	-1641000	USD
CY2020Q4	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	5194000	USD
CY2021Q1	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1271000	USD
CY2021Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-15033000	USD
CY2020Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	4599000	USD
CY2021Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	4600000	USD
CY2021Q1	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	18775773	shares
CY2021Q1	us-gaap	Common Stock Value CommonStockValue	19000	USD
CY2021Q1	us-gaap	Liabilities Current LiabilitiesCurrent	6710000	USD
CY2021Q1	us-gaap	Assets Assets	59848000	USD
CY2021Q1	us-gaap	Assets Current AssetsCurrent	26230000	USD
CY2021Q1	us-gaap	Marketable Securities Current MarketableSecuritiesCurrent	967000	USD
CY2021Q1	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2775000	USD
CY2021Q1	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1353000	USD
CY2021Q1	us-gaap	Liabilities Liabilities	11668000	USD
CY2021Q1	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.001
CY2021Q1	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	20486000	USD
CY2020Q4	us-gaap	Assets Assets	62323000	USD
CY2021Q1	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-200000	USD
CY2020Q4	us-gaap	Intangible Assets Net Excluding Goodwill IntangibleAssetsNetExcludingGoodwill	19248000	USD
CY2021Q1	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	63394000	USD
CY2021Q1	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	440000	USD
CY2020Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	678000	USD
CY2020Q4	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	3803000	USD
CY2021Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	812000	USD
CY2020Q4	us-gaap	Marketable Securities Noncurrent MarketableSecuritiesNoncurrent	1762000	USD
CY2020Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	906000	USD
CY2020Q4	us-gaap	Inventory Noncurrent InventoryNoncurrent	4590000	USD
CY2020Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	63359000	USD
CY2020Q4	us-gaap	Liabilities Current LiabilitiesCurrent	7097000	USD
CY2020Q4	us-gaap	Accounts Payable Current AccountsPayableCurrent	3950000	USD
CY2020Q4	us-gaap	Inventory Net InventoryNet	10463000	USD
CY2021Q1	us-gaap	Short Term Borrowings ShortTermBorrowings	950000	USD
CY2020Q1	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	-0.11
CY2020Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	62323000	USD
CY2021Q1	us-gaap	Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent	-12000	USD
CY2021Q1	us-gaap	Accounts Payable Current AccountsPayableCurrent	2907000	USD
CY2020Q4	us-gaap	Common Stock Value CommonStockValue	19000	USD
CY2020Q4	us-gaap	Short Term Borrowings ShortTermBorrowings	672000	USD
CY2020Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	-186000	USD
CY2021Q1	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	50000000	shares
CY2021Q1	us-gaap	Income Taxes Receivable IncomeTaxesReceivable	7212000	USD
CY2021Q1	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	2927000	USD
CY2021Q1	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	720000	USD
CY2021Q1	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1787000	USD
CY2021Q1	us-gaap	Accounts Receivable Net Current AccountsReceivableNetCurrent	4930000	USD
CY2021Q1	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	59848000	USD
CY2020Q4	us-gaap	Prepaid Expense And Other Assets Current PrepaidExpenseAndOtherAssetsCurrent	1536000	USD
CY2020Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-13378000	USD
CY2020Q4	us-gaap	Operating Lease Liability Noncurrent OperatingLeaseLiabilityNoncurrent	1489000	USD
CY2020Q4	us-gaap	Accrued Liabilities Current AccruedLiabilitiesCurrent	2352000	USD
CY2020Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	1936000	USD
CY2020Q1	us-gaap	Incremental Common Shares Attributable To Share Based Payment Arrangements IncrementalCommonSharesAttributableToShareBasedPaymentArrangements	542818	shares
CY2021Q1	us-gaap	Inventory Net InventoryNet	9816000	USD
CY2020Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	3000	USD
CY2020Q4	us-gaap	Finite Lived Intangible Assets Accumulated Amortization FiniteLivedIntangibleAssetsAccumulatedAmortization	10038000	USD
CY2021Q1	us-gaap	Finite Lived Intangible Assets Gross FiniteLivedIntangibleAssetsGross	31035000	USD
CY2021Q1	us-gaap	Increase Decrease In Inventories IncreaseDecreaseInInventories	-736000	USD
CY2021Q1	us-gaap	Marketable Securities Noncurrent MarketableSecuritiesNoncurrent	1807000	USD
CY2021Q1	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	78000	USD
CY2021Q1	dei	Security12b Title Security12bTitle	Common Stock, $0.001
CY2021Q1	dei	Security Exchange Name SecurityExchangeName	NASDAQ
CY2020Q4	us-gaap	Warrants And Rights Outstanding WarrantsAndRightsOutstanding	440000	USD
CY2021Q1	clro	Warrants Carrying Amount WarrantsCarryingAmount	318000	USD
CY2020Q4	us-gaap	Allowance For Doubtful Accounts Receivable Current AllowanceForDoubtfulAccountsReceivableCurrent	506000	USD
CY2020Q4	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	18775773	shares
CY2021Q1	us-gaap	Inventory Write Down InventoryWriteDown	375000	USD
CY2021Q1	us-gaap	Increase Decrease In Receivables IncreaseDecreaseInReceivables	-264000	USD
CY2020Q4	us-gaap	Long Term Debt Noncurrent LongTermDebtNoncurrent	3245000	USD
CY2020Q4	us-gaap	Contract With Customer Liability Current ContractWithCustomerLiabilityCurrent	123000	USD
CY2021Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	71000	USD
CY2020Q1	us-gaap	Payments To Acquire Intangible Assets PaymentsToAcquireIntangibleAssets	48000	USD

Files In Submission

Name	View Source	Status
0001753926-21-000140-index-headers.html	Edgar Link	pending
0001753926-21-000140-index.html	Edgar Link	pending
0001753926-21-000140.txt	Edgar Link	pending
0001753926-21-000140-xbrl.zip	Edgar Link	pending
clro-20210331.xml	Edgar Link	completed
clro-20210331.xsd	Edgar Link	pending
clro-20210331_cal.xml	Edgar Link	unprocessable
clro-20210331_def.xml	Edgar Link	unprocessable
clro-20210331_lab.xml	Edgar Link	unprocessable
clro-20210331_pre.xml	Edgar Link	unprocessable
ex311_1.htm	Edgar Link	pending
ex312_2.htm	Edgar Link	pending
ex321_3.htm	Edgar Link	pending
ex322_4.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
Financial_Report.xlsx	Edgar Link	pending
MainDocument.htm	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
R11.htm	Edgar Link	pending
R12.htm	Edgar Link	pending
R13.htm	Edgar Link	pending
R14.htm	Edgar Link	pending
R15.htm	Edgar Link	pending
R16.htm	Edgar Link	pending
R17.htm	Edgar Link	pending
R18.htm	Edgar Link	pending
R19.htm	Edgar Link	pending
R2.htm	Edgar Link	pending
R20.htm	Edgar Link	pending
R21.htm	Edgar Link	pending
R22.htm	Edgar Link	pending
R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
R30.htm	Edgar Link	pending
R31.htm	Edgar Link	pending
R32.htm	Edgar Link	pending
R33.htm	Edgar Link	pending
R34.htm	Edgar Link	pending
R35.htm	Edgar Link	pending
R36.htm	Edgar Link	pending
R37.htm	Edgar Link	pending
R38.htm	Edgar Link	pending
R39.htm	Edgar Link	pending
R4.htm	Edgar Link	pending
R40.htm	Edgar Link	pending
R41.htm	Edgar Link	pending
R42.htm	Edgar Link	pending
R43.htm	Edgar Link	pending
R44.htm	Edgar Link	pending
R45.htm	Edgar Link	pending
R46.htm	Edgar Link	pending
R47.htm	Edgar Link	pending
R48.htm	Edgar Link	pending
R49.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R50.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

Create your account

Find Stocks Worth Researching

Deeply Understand Businesses

Value Businesses Intelligently

$CLRO
CLEARONE INC Stock $clro

2021 Q1 Form 10-Q Financial Statement

#000175392621000140 Filed on May 13, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CLRO CLEARONE INC Stock $clro

2021 Q1 Form 10-Q Financial Statement

#000175392621000140 Filed on May 13, 2021

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$CLRO
CLEARONE INC Stock $clro