2024 Q3 Form 10-Q Financial Statement

#000175392624001441 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2023 Q2
Revenue $2.504M $2.304M $5.483M
YoY Change -48.78% -57.98% -25.65%
Cost Of Revenue $1.892M $2.324M $3.635M
YoY Change -42.19% -36.07% -20.42%
Gross Profit $612.0K -$20.00K $1.848M
YoY Change -62.13% -101.08% -34.16%
Gross Profit Margin 24.44% -0.87% 33.7%
Selling, General & Admin $2.018M $2.036M $2.330M
YoY Change -8.94% -12.62% -28.94%
% of Gross Profit 329.74% 126.08%
Research & Development $782.0K $868.0K $873.0K
YoY Change -12.04% -0.57% -25.83%
% of Gross Profit 127.78% 47.24%
Depreciation & Amortization $104.0K $106.0K $228.0K
YoY Change -60.0% -53.51% -71.46%
% of Gross Profit 16.99% 12.34%
Operating Expenses $2.800M $2.904M $3.203M
YoY Change -9.82% -9.33% -28.12%
Operating Profit -$2.188M -$2.924M -$1.355M
YoY Change 46.94% 115.79% -17.83%
Interest Expense -$29.00K $0.00 -$91.00K
YoY Change -133.72% -100.0% -196.81%
% of Operating Profit
Other Income/Expense, Net $113.0K $119.0K $437.0K
YoY Change -53.5% -72.77% -70.96%
Pretax Income -$2.046M -$2.805M -$1.009M
YoY Change 53.6% 178.0% 323.95%
Income Tax $16.00K $15.00K $10.00K
% Of Pretax Income
Net Earnings -$2.062M -$2.820M -$1.019M
YoY Change 52.63% 176.74% 296.5%
Net Earnings / Revenue -82.35% -122.4% -18.58%
Basic Earnings Per Share -$0.09 -$0.12 -$0.04
Diluted Earnings Per Share -$0.09 -$0.12 -$0.04
COMMON SHARES
Basic Shares Outstanding 23.97M shares 23.97M shares 23.96M shares
Diluted Shares Outstanding 23.97M shares 23.97M shares 23.96M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.043M $4.923M $21.49M
YoY Change -84.77% -77.1% 1686.7%
Cash & Equivalents $1.685M $2.450M $15.09M
Short-Term Investments $1.358M $2.473M $6.408M
Other Short-Term Assets $4.054M $3.855M $4.273M
YoY Change 7.25% -9.78% 46.14%
Inventory $14.27M $14.60M $7.547M
Prepaid Expenses
Receivables $1.868M $2.574M $4.232M
Other Receivables $27.00K $27.00K $6.381M
Total Short-Term Assets $23.04M $25.36M $43.93M
YoY Change -45.26% -42.27% 71.38%
LONG-TERM ASSETS
Property, Plant & Equipment $518.0K $552.0K $1.785M
YoY Change -12.2% -69.08% 190.72%
Goodwill
YoY Change
Intangibles $1.567M $1.582M $1.903M
YoY Change -12.65% -16.87% -92.17%
Long-Term Investments $222.0K $621.0K $586.0K
YoY Change -61.72% 5.97%
Other Assets $78.00K $108.0K $3.475M
YoY Change -30.36% -96.89% -24.32%
Total Long-Term Assets $5.340M $5.439M $7.749M
YoY Change -24.04% -29.81% -77.02%
TOTAL ASSETS
Total Short-Term Assets $23.04M $25.36M $43.93M
Total Long-Term Assets $5.340M $5.439M $7.749M
Total Assets $28.38M $30.80M $51.68M
YoY Change -42.22% -40.41% -12.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.248M $1.901M $2.435M
YoY Change -29.05% -21.93% 18.95%
Accrued Expenses $2.057M $1.726M $2.587M
YoY Change -12.09% -33.28% 0.66%
Deferred Revenue $22.00K $23.00K $52.00K
YoY Change -42.11% -55.77% 20.93%
Short-Term Debt $0.00 $0.00 $1.380M
YoY Change -100.0% -100.0% 70.37%
Long-Term Debt Due $1.380M
YoY Change 70.37%
Total Short-Term Liabilities $3.327M $3.650M $6.454M
YoY Change -37.71% -43.45% 17.99%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change -100.0%
Other Long-Term Liabilities $1.079M $1.079M $1.856M
YoY Change 7.04% -41.86% 183.36%
Total Long-Term Liabilities $1.079M $1.079M $1.856M
YoY Change 7.04% -41.86% 0.92%
TOTAL LIABILITIES
Total Short-Term Liabilities $3.327M $3.650M $6.454M
Total Long-Term Liabilities $1.079M $1.079M $1.856M
Total Liabilities $4.878M $5.244M $8.310M
YoY Change -31.33% -36.9% 3.54%
SHAREHOLDERS EQUITY
Retained Earnings -$7.856M -$5.794M -$2.367M
YoY Change 111.3% 144.78% -89.84%
Common Stock $31.66M $31.64M $46.00M
YoY Change -31.22% -31.22% -38.57%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.50M $25.55M $43.37M
YoY Change
Total Liabilities & Shareholders Equity $28.38M $30.80M $51.68M
YoY Change -42.22% -40.41% -12.93%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2023 Q2
OPERATING ACTIVITIES
Net Income -$2.062M -$2.820M -$1.019M
YoY Change 52.63% 176.74% 296.5%
Depreciation, Depletion And Amortization $104.0K $106.0K $228.0K
YoY Change -60.0% -53.51% -71.46%
Cash From Operating Activities -$1.853M -$3.155M -$7.401M
YoY Change 4.1% -57.37% 348.82%
INVESTING ACTIVITIES
Capital Expenditures $55.00K $83.00K $336.0K
YoY Change -21.43% -75.3% 8300.0%
Acquisitions
YoY Change
Other Investing Activities $1.143M $1.636M -$6.988M
YoY Change 65.65% -123.41% -1162.01%
Cash From Investing Activities $1.088M $1.553M -$7.324M
YoY Change 78.36% -121.2% -1206.34%
FINANCING ACTIVITIES
Cash Dividend Paid $14.49M $28.98M
YoY Change -50.0%
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.000K -14.49M -29.20M
YoY Change -101.36% -50.38% -3853.6%
NET CHANGE
Cash From Operating Activities -1.853M -3.155M -7.401M
Cash From Investing Activities 1.088M 1.553M -7.324M
Cash From Financing Activities 3.000K -14.49M -29.20M
Net Change In Cash -762.0K -16.09M -43.93M
YoY Change -45.18% -63.37% 20918.18%
FREE CASH FLOW
Cash From Operating Activities -$1.853M -$3.155M -$7.401M
Capital Expenditures $55.00K $83.00K $336.0K
Free Cash Flow -$1.908M -$3.238M -$7.737M
YoY Change 3.14% -58.15% 368.06%

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43366000 usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
607810 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
5.03
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
20000 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
107500 shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
0
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
480310 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
4.52
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
0 shares
CY2024Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0
CY2024Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Equity Instruments Other Than Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardEquityInstrumentsOtherThanOptionsAggregateIntrinsicValueNonvested
97000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P2Y2M15D
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
24000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
48000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
47000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
1079000 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
2473000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
4396000 usd

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0001753926-24-001441.txt Edgar Link pending
0001753926-24-001441-xbrl.zip Edgar Link pending
clro-20240630.htm Edgar Link pending
clro-20240630.xsd Edgar Link pending
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clro-20240630_htm.xml Edgar Link completed
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clro-20240630_cal.xml Edgar Link unprocessable