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CLRO on Nasdaq

CLEARONE INC

CLEARONE INC is an American telephone and telegraph apparatus company based in Salt Lake City.1 Its shares trade on Nasdaq under the symbol CLRO.1

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Last updated Oct 21, 2026.

Overview

Compare with FRANKLIN WIRELESS CORP, Sonim Technologies or Clearfield, Inc., or pick any stock.

  • TickerCLRO on Nasdaq1
  • IndustryTelephone & Telegraph Apparatus1
  • HeadquartersWest Jordan, Utah1
  • Incorporated inDE2
  • Business address7533 S Center View Ct #5311, West Jordan, Ut 840842
  • Filer categoryNon-accelerated filer, Smaller reporting company2
  • Legal formCorporation

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All share and per-share amounts presented in this report (current and historical) have been adjusted to reflect the 15-for-1 reverse stock split effected in June 2025.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Revenue456789$0 in 2025
0$10.0M$20.0M$30.0M2019: $25.0M$25.0M20192020: $29.1M$29.1M2020+16%2021: $29.0M$29.0M2021−0%2022: $25.2M$25.2M2022−13%2023: $18.7M$18.7M2023−26%2024: $0$020242025: $0$02025
Gross profit456789-$328.0K in 2025
-$5.0M0$5.0M$10.0M$15.0M2019: $11.2M$11.2M20192020: $12.6M$12.6M2020+12%2021: $11.9M$11.9M2021−5%2022: $9.5M$9.5M2022−21%2023: $6.4M$6.4M2023−33%2024: -$194.0K-$194.0K20242025: -$328.0K-$328.0K2025+69%
Operating income456789-$4.4M in 2025−49% since 2019
-$10.0M-$7.5M-$5.0M-$2.5M02019: -$8.6M-$8.6M20192020: -$5.6M-$5.6M2020−35%2021: -$7.5M-$7.5M2021+35%2022: -$7.2M-$7.2M2022−4%2023: -$6.8M-$6.8M2023−6%2024: -$2.1M-$2.1M2024−68%2025: -$4.4M-$4.4M2025+106%
Net income456789-$26.1M in 2025+210% since 2019
-$40.0M-$20.0M0$20.0M$40.0M2019: -$8.4M-$8.4M20192020: $505.0K$505.0K20202021: -$7.7M-$7.7M20212022: $20.6M$20.6M20222023: -$560.0K-$560.0K20232024: -$9.0M-$9.0M2024+1504%2025: -$26.1M-$26.1M2025+190%

Every line of the income statement as filed: the last 2 fiscal years, latest first.9

Period ending2025-12-312024-12-31
Revenue$0$0
Cost of goods sold$328.0K$194.0K
Gross profit-$328.0K-$194.0K
General and administrative$2.5M$1.2M
Legal expense$247.0K$247.0K
Professional fees$1.4M$519.0K
Total operating expenses$4.1M$1.9M
Operating loss-$4.4M-$2.1M
Interest income (expense), net-$28.0K$228.0K
Other income, net-$117.0K$155.0K
Loss from continuing operations before income taxes-$4.5M-$1.8M
Provision for income taxes$83.0K$98.0K
Loss from continuing operations-$4.6M-$1.9M
Loss from discontinued operations, net of tax-$21.5M-$7.1M
Net loss-$26.1M-$9.0M
From continuing operations (in dollars per share)-$3-$1
From discontinued operations (in dollars per share)-$12-$4
Total (in dollars per share)-$14.77-$5.61
From continuing operations (in dollars per share)-$3-$1
From discontinued operations (in dollars per share)-$12-$4
Total (in dollars per share)-$14.77-$5.61
Basic weighted average shares outstanding (in shares)1.8M shares1.6M shares
Diluted weighted average shares outstanding (in shares)1.8M shares1.6M shares
Unrealized gain (loss) on available-for-sale securities, net of tax$0$17.0K
Change in foreign currency translation adjustment-$34.0K-$13.0K
Comprehensive loss-$26.1M-$9.0M

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Corporate structure

CLEARONE INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CLEARONE INC

  • First Finance Ltd. Filed SCHEDULE 13D/A on CLEARONE INC, latest Aug 6, 2026 (4 filings since Jul 1, 2025)
  • Edward D. Bagley Filed SCHEDULE 13D/A on CLEARONE INC, latest Nov 26, 2025 (2 filings since Feb 28, 2025)
  • E. Bryan Bagley Filed SC 13D/A on CLEARONE INC, latest Mar 18, 2024
  • CLEARONE INC West Jordan, Utah

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CLEARONE INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$09 Dec 31, 2025$500.0K9 Dec 31, 2024−100.0%
Accumulated depreciation$09 Dec 31, 2025$09 Dec 31, 2024
Property and equipment, net$09 Dec 31, 2025$500.0K9 Dec 31, 2024−100.0%
Operating-lease assets (leased space)$494.0K9 Dec 31, 2025$750.0K9 Dec 31, 2024−34.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$220.0K9 Dec 31, 2025$1.4M9 Dec 31, 2024−84.5%
Marketable securities, current$08 Dec 31, 2024$3.5M8 Dec 31, 2023−100.0%
Marketable securities, non-current$08 Dec 31, 2024$916.0K8 Dec 31, 2023−100.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$09 Dec 31, 2025$1.5M8 Dec 31, 2024−100.0%
Finite-lived intangibles, gross$11.2M8 Dec 31, 2024$11.0M8 Dec 31, 2023+1.0%
Accumulated amortization$9.6M8 Dec 31, 2024$9.4M8 Dec 31, 2023+2.8%
Finite-lived intangibles, net$1.5M8 Dec 31, 2024$1.7M8 Dec 31, 2023−8.9%

Inventory

ItemLatestA year beforeChange
Inventory, total$353.0K9 Dec 31, 2025$392.0K9 Dec 31, 2024−9.9%
Raw materials$2.4M8 Dec 31, 2024$2.1M8 Dec 31, 2023+16.2%
Finished goods$8.8M8 Dec 31, 2024$8.5M8 Dec 31, 2023+3.1%

Properties, in its own words

Following the disposition of certain operating assets in October 2025, the Company transitioned to a significantly reduced operational structure. The Company has terminated or settled two of its prior operating leases and continues to evaluate sublease or mitigation opportunities for its remaining facility where appropriate.

The Company leases approximately 9,402 square feet of office space in Salt Lake City, Utah under an operating lease expiring in February 2028. This facility supports the Company’s remaining administrative functions, public company compliance activities, and limited operational support functions. The Company is evaluating sublease opportunities with respect to this facility.

The rest of Item 2

The Company previously leased a 2,590 square-foot warehouse facility in Salt Lake City, Utah (363 West 2720 South, Suite B) under an operating lease scheduled to expire in February 2028. On February 24, 2026, the Company entered into an Early Termination Agreement with the landlord that terminated the lease effective midnight February 28, 2026. In connection with the early termination, the Company paid a buyout of $43 and forfeited its security deposit. The Company has no further liability under this lease after February 28, 2026. This facility previously supported warranty servicing and repair activities related to products sold prior to the October 2025 asset disposition.

The Company previously leased a 1,350 square-foot facility in Gainesville, Florida under an operating lease that had been extended to February 29, 2029. On March 2, 2026, the Company entered into a Settlement, Release and Agreement to Terminate Lease with the landlord. Pursuant to the settlement, the Company paid $30 and forfeited its security deposit in exchange for full termination of the lease and a mutual release of all obligations. The Company has no further liability under this lease. The facility was no longer utilized for active research and development activities.

The Company previously occupied a 6,175 square-foot facility in Chennai, India under the terms of an operating lease which expired September 2025. This facility supported our administrative, marketing, customer support, and research and product development activities. We did not renew the lease and vacated these premises on November 15, 2025 and the deposit was refunded January 2026.

The Company believes its current facilities are sufficient to support its reduced operations. However, the Company may seek to sublease or otherwise reduce its lease obligations as part of its ongoing efforts to manage costs and preserve liquidity.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led CLEARONE INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Zeynep Hakimoglu2006–2021
  2. Derek Graham2022–2024

President

  1. Zeynep Hakimoglu2006–2021

Chief financial officer

  1. Craig E. Peeples2006
  2. Greg A. Leclaire2008–2009
  3. Jayashree Raghunathan2024
  4. Simon Brewer2024
2010201520202025
Board members and other officers (19)

Former names

  • CLEARONE COMMUNICATIONS INCFeb 8, 2002 to Jan 16, 20132
  • GENTNER COMMUNICATIONS CORPNov 16, 1995 to Jan 31, 20022

Timeline

  1. Oct 15, 20268-K Entered a material agreement; New debt or obligation36
  2. Oct 13, 20268-K Listing notice or transfer37
  3. Aug 26, 20268-K Shareholder vote38
  4. Aug 11, 20268-K Entered a material agreement39
  5. Aug 5, 20268-K Entered a material agreement; Executive or director change; Shareholder vote40
  6. Jul 6, 20268-K Entered a material agreement; Other events41
  7. Jul 1, 20268-K Entered a material agreement; New debt or obligation42
  8. Apr 23, 20268-K Bylaws or fiscal year changed43
  9. Apr 13, 20268-K Entered a material agreement; Listing notice or transfer; Other events44
  10. Apr 3, 20268-K Executive or director change45
  11. Mar 17, 20268-K Shareholder vote46
  12. Mar 13, 20268-K Entered a material agreement47
  13. Dec 20, 2022New chief executive Derek Graham becomes CEO12
  14. Sep 7, 2006New chief executive Zeynep Hakimoglu becomes CEO13

Calendar

Coming up

  1. Nov 13, 2026Reports results for the quarter ending Sep/202648

When it reported results

  1. May 19, 2025Reported quarterly or annual results49
  2. Mar 31, 2025Reported quarterly or annual results50
  3. Nov 15, 2024Reported quarterly or annual results51
  4. Aug 15, 2024Reported quarterly or annual results52
  5. May 21, 2024Reported quarterly or annual results53
  6. Apr 3, 2024Reported quarterly or annual results54
  7. Nov 14, 2023Reported quarterly or annual results55
  8. Aug 10, 2023Reported quarterly or annual results56

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

164 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 68 major events, 47 insider forms, 7 large holders, 1 private raises, 20 other. The latest 20:

  1. Oct 15, 20268-K EDGAR
  2. Oct 13, 20268-K EDGAR
  3. Sep 4, 2026S-1/A EDGAR
  4. Aug 28, 2026DEF 14C EDGAR
  5. Aug 26, 20268-K EDGAR
  6. Aug 14, 202610-Q EDGAR
  7. Aug 11, 20268-K EDGAR
  8. Aug 11, 2026PRE 14C EDGAR
  9. Aug 11, 2026DEF 14C EDGAR
  10. Aug 10, 2026S-1 EDGAR
  11. Aug 6, 20264 EDGAR
  12. Aug 6, 2026SCHEDULE 13D/A EDGAR
  13. Aug 5, 20268-K EDGAR
  14. Jul 17, 2026PRE 14C EDGAR
  15. Jul 6, 20268-K EDGAR
  16. Jul 1, 20268-K EDGAR
  17. Jun 25, 2026S-3 EDGAR
  18. May 15, 202610-Q EDGAR
  19. Apr 23, 20268-K EDGAR
  20. Apr 13, 20268-K EDGAR

The 164 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

64 open-market trades by officers, directors and large owners since October 2021: 62 buys and 2 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 2, 2026First Finance Ltd.10% ownerBuy437,500$4.00$1.8MForm 4
Nov 24, 2025BAGLEY EDWARD D10% ownerSale700,000$3.00$2.1MForm 4
Feb 26, 2025BAGLEY EDWARD D10% ownerBuy2,000,000$0.50$1.0MForm 4
Dec 14, 2023BAGLEY EDWARD D10% ownerBuy9,541$0.82$7.8KForm 4
Dec 13, 2023BAGLEY EDWARD D10% ownerBuy4,019$0.81$3.3KForm 4
Dec 12, 2023BAGLEY EDWARD D10% ownerBuy11,582$0.81$9.4KForm 4
Dec 11, 2023BAGLEY EDWARD D10% ownerBuy14,171$0.81$11.5KForm 4
Dec 6, 2023BAGLEY EDWARD D10% ownerBuy10,476$0.79$8.3KForm 4
Dec 4, 2023BAGLEY EDWARD D10% ownerBuy12,382$0.80$9.9KForm 4
Nov 29, 2023BAGLEY EDWARD D10% ownerBuy10,000$0.80$8.0KForm 4
Nov 22, 2023BAGLEY EDWARD D10% ownerBuy1,700$0.77$1.3KForm 4
Nov 21, 2023BAGLEY EDWARD D10% ownerBuy10,000$0.77$7.7KForm 4
Nov 20, 2023BAGLEY EDWARD D10% ownerBuy1,921$0.76$1.5KForm 4
Nov 17, 2023BAGLEY EDWARD D10% ownerBuy2,574$0.71$1.8KForm 4
Nov 15, 2023BAGLEY EDWARD D10% ownerBuy16,948$0.71$12.0KForm 4
Nov 15, 2023BAGLEY EDWARD D10% ownerBuy16,948$0.71$12.0KForm 4
Nov 14, 2023BAGLEY EDWARD D10% ownerBuy30,091$0.68$20.5KForm 4
Nov 14, 2023BAGLEY EDWARD D10% ownerBuy300,091$0.68$204.1KForm 4
Nov 13, 2023BAGLEY EDWARD D10% ownerBuy60$0.65$39Form 4
Nov 13, 2023BAGLEY EDWARD D10% ownerBuy60$0.65$39Form 4

All 64 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Jun 20, 2025Raised $3 million in a private offering of securities Form D: 1 investor so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Shay Capital LLC45,486$151.5K0.0%−10,114
T3 Companies, LLC30,000$99.9K0.1%No change
Albion Financial Group /ut14,465$48.2K0.0%No change
Geode Capital Management, LLC10,834$36.1K0.0%−2,991
Vanguard Capital Management LLC5,258$17.5K0.0%No change
Vanguard Fiduciary Trust Co2,395$8.0K0.0%No change
Tower Research Capital LLC (TRC)1,161$3.9K0.0%+522
Financial Consulate, Inc15$500.0%No change
SBI Securities Co., Ltd.10$330.0%No change
Caitong International Asset Management Co., Ltd1$30.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How CLEARONE INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCLEARONE INC1
  • CIK0000840715
  • Employer ID (EIN)87-03988773
  • Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)3661 Telephone & Telegraph Apparatus1
  • SEC reviewing officeOffice of Manufacturing, Division of Corporation Finance1
  • Business address7533 S Center View Ct #5311, West Jordan, UT 840841
  • Phone80197572001
  • Shares outstanding2,675,412 as of Aug 14, 202610
  • Public float$5.1M as of Jun 30, 20253
  • AuditorTANNER LLP, Lehi, Utah PCAOB ID 270; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceNov 16, 19951
  • Filings1,160 in all: 4 (498), 8-K (261), 10-Q (70), SC 13G/A (32), 3 (30), DEF 14A (26), 10-K (25), 10QSB (15)1
    All 53 form types

    8-K/A (15), SC 13D/A (14), 10-K/A (10), 425 (10), 4/A (9), CORRESP (9), NT 10-Q (9), SC 13G (9), UPLOAD (9), S-8 (8), 10-Q/A (7), S-3 (7), EFFECT (6), NT 10-K (6), PRE 14A (5), SC 13D (5), SC TO-I/A (5), SCHEDULE 13D/A (5), 10KSB (4), SD (4), 3/A (3), 5 (3), D (3), DEF 14C (3), DEFA14A (3), PRE 14C (3), S-1 (3), S-3/A (3), S-4/A (3), 424B1 (2), 424B3 (2), S-1/A (2), SC TO-I (2), 10-KT (1), 10KSB/A (1), 10KSB40 (1), 10KSB40/A (1), 424B5 (1), 8-A12B (1), ARS (1), CERTNAS (1), POS AM (1), S-4 (1), S-8 POS (1), SCHEDULE 13D (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Dec 17, 2025
    Latest 8-K (8-K) Oct 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.001 par valueCLRONasdaq

From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks CLEARONE INC names in Item 1A of its 10-K filed Mar 31, 2026: 18 risks under these headings, as written.3

  • Risks Relating to Our Business
  • We may not be successful in completing a strategic transaction within a reasonable timeframe, on attractive terms or at all. If we are unable to complete a strategic transaction, we may not be able to continue as a going concern.
  • We will require additional financing to fund our operations and obligations, which may not be available to us on acceptable terms or at all, and our auditor has expressed substantial doubt about our ability to continue as a going concern.
  • Following the disposition of certain operating assets, we have limited continuing activities that are not expected to generate revenue at levels sufficient to fund ongoing operating costs.
  • We are at risk for being delisted from the Nasdaq Capital Market for non-compliance with Nasdaq's continued listing standards.
  • We remain responsible for warranty and other obligations associated with products sold prior to the October 2025 asset disposition.
  • Our reduced workforce may impair our ability to maintain effective internal controls and public company compliance.
  • Cybersecurity incidents or other information technology disruptions could adversely affect our operations and expose us to liability.
  • Global economic conditions and capital market volatility may adversely affect our ability to obtain financing or complete a strategic transaction.
  • Geopolitical events and international conflicts may increase financial market volatility and adversely affect our liquidity and strategic alternatives.
  • We are highly dependent on a small number of executive officers and personnel.
  • Risks Relating to Share Ownership
The other 8 risks
  • Our largest stockholder has significant influence over corporate matters.
  • Outstanding warrants and redeemable preferred stock may adversely affect the market price of our common stock and complicate strategic transactions.
  • The market price of our common stock may be volatile.
  • The issuance of additional equity or the exercise or conversion of outstanding securities may result in substantial dilution.
  • Future issuances of equity securities could dilute existing stockholders and adversely affect the market price of our common stock.
  • The absence of equity research coverage or unfavorable analyst commentary could adversely affect the market price of our common stock.
  • A Strategic Transaction may result in significant dilution to existing stockholders or a change in control of the Company.
  • Our certificate of incorporation designates the Court of Chancery of the State of Delaware as the exclusive forum for certain stockholder litigation, which may limit stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.

Legal proceedings

See Note 9 – Commitments and Contingencies of the Notes to Consolidated Financial Statements (Part II, Item 8) for information regarding legal proceedings in which we are involved, which is incorporated in this Item 3 by reference.

The opening of Item 3, Legal Proceedings.3

Sources

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