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ClearOne Selected as Exclusive Video Collaboration Technology Partner at Barcelona World Race

Barcelona World Race

 

ClearOne Selected as Exclusive Video Collaboration Technology Provider for the 2014-2015 Barcelona World Race

 

Spontania carrier-grade cloud-based video collaboration software is being deployed for critical communications in the non-stop, around the world regatta

 

SALT LAKE CITY, UTAH (December 11, 2014) – ClearOne (NASDAQ: CLRO), a world leader in voice and visual communication solutions, has signed a sponsorship agreement with the organizers of the Barcelona World Race, the first and only two crew member per boat, non-stop, around the world regatta. ClearOne will facilitate essential communications for the race through its Spontania cloud collaboration solution.

 

“Spontania has been a critical and reliable technology for us, delivering essential communications resources to the Fundació Navegació Oceània Barcelona and the Barcelona World Race,” said Román Welsch, CIO for the foundation and race. “Everyone here is very grateful for the world-class, carrier-grade global video connections that we are able to maintain, thanks to ClearOne continuing to support our deployment of Spontania.”

 

View Spontania in live action at the 2010 Barcelona World Race at this link:
www.youtube.com/watch?v=t1o6X62qdfk#t=122
The Barcelona World Race, which takes place every four years, has consistently raised the bar with every edition since it began in 2007. It’s a non-stop regatta around the world from west to east, with eight boats sailing a route of approximately 23,000 miles in roughly three months. The competition begins on December 31, 2014, and is expected to finish near the end of March, 2015, with participants relying on the Spontania carrier-grade cloud service to provide reliable video connections from numerous remote high seas locations with severe connectivity challenges. Spontania automatically adapts to any environment to deliver reliable communications from anywhere.

 

“Imagine this: ocean-going yachts are fighting their way around the globe for 90 days in one of the planet’s most difficult technology challenges – and are able to successfully establish and maintain high-quality voice and video connections from some of the world’s most remote sites,” said Peter Nutley, ClearOne’s Director of Global Product Marketing for Media Collaboration and Network Streaming. “We are demonstrating in an extreme, live environment that Spontania is the world’s most robust, flexible, and innovative cloud-based voice and video solution of its kind.”

 

Spontania’s carrier-grade service empowers customers to deploy video collaboration without the heavy burden of expensive infrastructure. It also allows service providers and partners to expand their offerings by deploying the technology within their own networks, building on ClearOne technology to further their current solutions and offerings. Today, fifteen global telecommunications carriers have deployed Spontania, with a half dozen more planning to adopt it in the future.

 

Dozens to thousands of users can collaborate over Spontania in real-time, sharing high-quality voice, video, and data on any device they choose – from cell phones and satellite phones to standards-based group networking systems. It is the most powerful cloud collaboration service available, with the industry’s richest feature set.

 

More information on Spontania cloud collaboration software is located at: http://www.clearone.com/products_spontania

 

About the Barcelona World Race

The Barcelona World Race is the world’s only double-handed, non-stop, round the world regatta. It is part of the IMOCA Ocean Masters World Championship. It was created by Barcelona’s ocean sailing foundation, the Fundació Navegació Oceànica Barcelona (FNOB) and is their flagship project. In just two editions (2007/08 and 2010/11) the competition has established itself as an international benchmark for ocean sailing.

 

In addition to the event’s sporting prestige, the Barcelona World Race is a magnificent visibility platform for the FNOB’s numerous initiatives and projects. Since 2005, when the foundation was set up with the support of its patrons; Barcelona City Council, the Exhibition Centre, the Port Authorities and the Barcelona Chamber of Commerce, it has been heavily involved in developing and promoting socioeconomic activities with links to sport, industry and the core values of sailing along four key lines: R+D, Education and Knowledge, Science and Technology and the Environment.

 

The third edition of the regatta sets off on the 31st of December 2014. The pontoons where the nine expected entries will be tied up, situated at the end of the famous Ramblas, under the watchful eye of the Christopher Columbus statue, will be officially opened on the 12th of December 2014.

Find more details at: www.barcelonaworldrace.org

 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. More information about the company can be found at www.clearone.com
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Printable releases are available in our Investor Relations area at http://investors.clearone.com.

Contact: 
Jimmie Owsley
ClearOne Marketing
1-801-975-7200
jimmie.owsley@clearone.com

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UNITE PTZ Camera with USB 3.0 and DVI Interface Now Available through ClearOne Distributors and Resellers

 

Contact:
Jimmie Owsley
ClearOne Marketing
1-801-975-7200
jimmie.owsley@clearone.com

 

UNITE PTZ Camera with USB 3.0 and DVI Interface Now Available through ClearOne Distributors and Resellers

 

Versatile and economical professional-grade camera is compatible with all popular video collaboration, UC, and multimedia streaming applications

 

SALT LAKE CITY, UTAH (December 9, 2014) – ClearOne (NASDAQ: CLRO), has released its new UNITE™ PTZ Camera, an affordable, professional-grade, high-resolution 1080p60 camera that can connect directly to any standard PC or laptop through USB 3.0, eliminating the need for adapters or converters.The camera can also connect to traditional video devices through its built-in DVI interface.

 

The UNITE PTZ Camera transforms any meeting room into a professional video collaboration environment. It offers an outstanding, high-performance value compared to other, more expensive solutions on the market. Full-HD video in resolutions up to 1080p60 ensures that remote sites can accurately see every fine detail, even when displayed on a large screen.

 

“The UNITE PTZ Camera’s versatility with USB 3.0 and DVI interface and plug-and-play simplicity makes it unique in its class,” said Bala Krishnamoorthy, Senior Director, Product Line Management for Unified Communications and Media Collaboration at ClearOne. “It is ideally suited for business-grade UC applications and video conferencing, as well as multimedia capture and streaming.”

 

The UNITE PTZ camera works with all of ClearOne’s media collaboration solutions. The 1080p60 video combined with wide angle lens provides all participants a super smooth and sharp, life-like video experience. Other salient features include a 12x optical zoom, plus full pan, tilt, and zoom. The fast and stable auto focus ensures that all participants in the room can be clearly seen in the video stream. A choice of standard, soft, or vivid picture modes, and multiple white balance modes, makes it fast and easy for the UNITE Camera to accommodate different users in changing environments.

 

The ClearOne UNITE Camera’s 128 presets allow it to be easily moved from speaker to speaker, or to quickly transition from people to other presentation tools in the room, such as flip charts and whiteboards. Flexible installation options offer multiple perspectives for the user, such as being mounted upside-down directly above a display to maximize eye contact with far-end participants, or from the ceiling to capture content throughout the room.

 

More details on the ClearOne UNITE 100 PTZ Camera are found at: http://www.clearone.com/products_unite_ptz_camera

 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. More information about the company can be found at http://www.clearone.com.

 

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Printable releases are available in our Investor Relations area at http://investors.clearone.com.

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Cast your vote for Spontania – InAVation Awards 2015

ClearOne Spontania is a finalist in the Technology InAVation Awards 2015

Voting is open, please support us with your vote for Spontania in the Conferencing category at:

http://www.inavationawardsonthenet.net/technologyvoting.aspx

Spontania is the most powerful cloud service available— putting all the benefits of visual collaboration within anyone’s reach–while removing the barriers of complexity and high costs.

  • Ultimate ease of use and quality
  • “Five 9s” reliability
  • Flexible deployment options
  • Richest feature set in the industry

Features:

  • Low acquisition and operating costs— avoid capitalization of expensive infrastructure and endpoints
  • BYOD-friendly, users can join and host from multiple devices— PCs, handhelds and mobile, cell phones, softphones, even legacy video conferencing systems
  • Interoperable with existing IT and communication environments including legacy video conference equipment, PSTN/IPBX, directory authentication, scheduling tools
  • Light network footprint—optimizes bandwidth consumption to provide best possible real-time video conferencing quality, dynamically adapted to the bandwidth and device of each participant
  • Firewall, proxy and NAT friendly using standard port for no additional firewall configuration requirements
  • Easy to install, deploy and administer – backend web interface minimizes ongoing administration tasks
  • Simple to use, with intuitive user interface options for audio and video customization
  • Highly secure for even the most confidential video collaboration sessions, fully compliant with enterprise security policies and requirements
  • Compatible with Communication Enabled Business Process (CEBP)
  • Easily scalable with a distributed server

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ClearOne Announces First-Ever Cash Dividend

 

CLEARONE ANNOUNCES FIRST-EVER CASH DIVIDEND 

Board Approves Plan to Initiate Regular Quarterly Dividend

 

SALT LAKE CITY, UTAH December 2, 2014 — ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has declared the first annual dividend for 2014 of $0.10 per share of ClearOne common stock, payable on January 5, 2015 to shareholders of record on December 12, 2014. The company also said that the Board has approved a plan to initiate the payment of a regular quarterly cash dividend beginning in the first quarter of 2015 and discontinued the stock repurchase program. To date, the company has repurchased $5.4 million of the $10 million originally allocated for the program.

 

“Our strong financial position allows us to continue to invest in organic growth projects and pursue acquisitions, while also returning a portion of our free cash flow directly to our shareholders,” said Zee Hakimoglu, President and Chief Executive Officer of ClearOne. “We believe these actions reflect our confidence in the long-term value of ClearOne’s market position and financial performance.”

 

The company expects that it will maintain a program of paying dividends on a quarterly basis; however, the declaration of dividends in the future is subject to the discretion of the ClearOne Board of Directors, which will evaluate the company’s dividend program from time-to-time based on factors that the Board of Directors deem relevant.

 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be found at www.clearone.com.

 

This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated. Such forward-looking statements, including the expected future payment of dividends and any statements of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements. Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances. Readers should not place undue reliance on these forward-looking statements.

 

# # #

 

Contact:

Investor Relations

801-303-3555

Investor_relations@clearone.com

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ClearOne Promotes Rick Stanley to Vice President of Sales for Pro Voice and AV Distribution

 

 

ClearOne Promotes Rick Stanley to Vice President of Sales for Pro Voice and AV Distribution

SALT LAKE CITY, UTAH (October 30, 2014) – ClearOne (NASDAQ: CLRO) announced that Rick Stanley has been appointed as Vice President of Sales for Pro Voice and AV Distribution for North and Central America. Stanley joined ClearOne in July 2013 from Muzak where he served as senior design consultant for the systems integration division.

 

Stanley has more than 20 years’ experience in AV system design and sales management with leading companies such as Muzak, TriAmp, Aatronics, CCI Audio Visual Design, and the Harold Shugart Company, serving in various positions including senior design consultant and vice president of sales. His AV systems work has spanned diverse markets including enterprise, hospitality, healthcare, energy, government, military, and custom residential.

 

“Rick has a valuable blend of sales leadership with deep knowledge of the professional AV market,” noted Zee Hakimoglu, Chairman and CEO ofClearOne. “His passion for AV technology and associated industry trends coupled with his commitment to fulfill the needs of the AV partner community is perfectly aligned with ClearOne’s tradition of product and service excellence. Rick has repeatedly proven his strong ability to build lasting relationships and work collaboratively with system integrators, consultants, and audio visual distributors.”

 

“With the support of ClearOne’s experienced AV team and the strength of ClearOne’s AV channel partners, I look forward to extending ClearOne’sleadership in the market,” Stanley said. “Our new multimedia streaming products, the new CONVERGE® Matrix platform, and our full line of wireless microphones will provide us and our partners many new and large market opportunities with complete, end-to-end solutions powered by ClearOnetechnology exclusively.”

 

More details on ClearOne’s Pro AV solutions are available at: www.Clearone.com/products_professional_audio

 

About ClearOne
ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. More information about the company can be found at www.clearone.com.

 

Printable releases are available in our Investor Relations area at http://investors.clearone.com.

 

Contact:
Jimmie Owsley
Investor Relations
801-975-7200
Jimmie.owsley@clearone.com

 

 

SOURCE ClearOne

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ClearOne Unveils Indirect Channel Program Targeting VoIP Companies, Telecom Agents and Managed Service Providers to Address the Broad Range of Opportunities in the Growing Desktop and Mobile Communications Markets

 

 

ClearOne Unveils Indirect Channel Program Targeting VoIP Companies, Telecom Agents and Managed Service Providers to Address the Broad Range of Opportunities in the Growing Desktop and Mobile Communications Markets

 

 

SALT LAKE CITY, UTAH (October 28, 2014)/PRNewswire/–– ClearOne (NASDAQ: CLRO) a global provider of audio and visual communication solutions announced today the launch of its New ClearOne Connections Partner Program. With the rapid emergence of personal video capabilities among Internet connected desktops and mobile devices, coupled with the increasing demand for traditional video-conferencing capabilities; unrivaled opportunities abound for service providers and telecom agents selling voice, wireless, data, and cloud services to win in the growing any-to-any ubiquitous video conferencing service market.

 

Aimed at businesses of any size, ClearOne’s Spontania is an easier, more elastic and more affordable way to collaborate using voice, video and content.  The Spontania cloud-based service empowers customers to deploy HD video conferencing, web collaboration, and more with equipment most businesses have and use every day – video conferencing endpoints, desktops, laptops, web browsers, tablets, and smartphones. With Spontania there is no hardware investment and the service operates off of a reservation-less model, enabling on-demand video communications from anywhere, anytime, with anyone on any device.

 

ClearOne Connections Partner Program Consists of Two Models:

 

ClearOne’s White Label Channel Program:  With the telecom and IT channels convergence, ClearOne’s White Label Program is designed for partners targeting different vertical markets to sell and support services under their brand with a scalable cost effective, future proof SaaS solution, without the infrastructure complexities and associated cost.

 

The program targets VoIP Service Providers who offer internet telephony, IP-PBX solutions and unified communication services, Interconnect Companies who are system integrators selling, installing and supporting voice hardware/telephone systems, and Managed Service Providers who are service delivery focused partners that provide delivery and management of network-based services, applications, and equipment.

 

“Owning the customer means our partners can offer video conferencing and collaboration solutions under their brand, set price points based on customer requirements, and bill customers directly, thereby increasing value and average revenue per user. The ClearOne White Label Program offering is targeted at small to mid-size service providers with existing customer bases who prefer to focus on selling services rather than managing the operational complexities” says Kent Terpe, ClearOne Indirect Channel Consultant.

 

ClearOne’s Agent Program: ClearOne’s agent program is designed to jump start a traditional telecom agent’s entry into the rapidly growing cloud, desktop and mobile communication markets. Agents sell a vast portfolio of telecom products and services (local, long distance, Internet access, VoIP, Ethernet, etc.) from many telecommunication companies and have become a trusted advisor to the business community.

 

According to Kent Terpe, “The ClearOne Agent Program will be a game changer, as the telecom agent channel looks to differentiate their solutions, strengthen customer relationships and grow revenue. ClearOne gives businesses of any size everything they need, positioning our partners to win more deals by offering the most affordable and  best-in-class cloud-based video conferencing & collaboration solution. And to boost business interest and confidence, agents are invited to participate in ClearOne’s Experience Spontania – Try & Buy Program.”

 

About ClearOne

 

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability and scalability. More information about the company can be fou­­nd at www.clearone.com.

 

http://investors.clearone.com

 

Printable releases are available in our Investor Relations area at http://investors.clearone.com.

 

Contact:
Jimmie Owsley
Investor Relations
801-975-7200
Jimmie.owsley@clearone.com

 

 

SOURCE ClearOne

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ClearOne Appoints Dan Acquafredda Vice President of Global Business Development for Media Collaboration

 

 

ClearOne Appoints Dan Acquafredda Vice President of Global Business Development for Media Collaboration

SALT LAKE CITY, UTAH (October 27, 2014) – ClearOne (NASDAQ: CLRO) has announced that Dan Acquafredda has been promoted to the position of Vice President, Global Business Development for Media Collaboration. Previously, he was ClearOne’s Director of Business Development for Media Collaboration in the North American region.

Acquafredda originally joined ClearOne in March 2014 from Mile25 Consulting in Matawan, NJ, where he specialized in planning, directing, and coordinating the monetization of global technology products and services.

 

“Dan is authoring and injecting valuable high-level strategic planning into our global go-to-market initiatives to help facilitate the next era of expansion and growth for our media collaboration products,” noted Zee Hakimoglu, Chairman and CEO of ClearOne. “His rich and diverse strategic experience in key sectors of the technology economy is a fortuitous addition to our management infrastructure.”

 

Acquafredda has a 30-year track record in technology, driving value for successful organizations such as Amdahl, Crescendo Networks, Diebold, FuzeBox, Madge Networks, Radvision, Sprint, Starbak, and Vidyo in various roles ranging from systems engineer to applications engineer, worldwide sales manager, senior vice president of global sales, and vice president of business development.

 

“ClearOne is a unique company with a diverse portfolio of patents, technology, and platforms within several very promising global market sectors,” Acquafredda observed. “In the media collaboration space, we are giving businesses an unprecedented opportunity to expand and enhance enterprise communications capabilities with ease and affordability. I believe we are entering a new period of innovation and growth across the audio and visual communications industries.”

 

More information on ClearOne’s video and media collaboration product suite can be found at: www.clearone.com/products_video_collaboration

About ClearOne
ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. More information about the company can be found at http://www.clearone.com.

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Printable releases are available in our Investor Relations area at http://investors.clearone.com.

 

Contact:
Jimmie Owsley
Investor Relations
801-975-7200
Jimmie.owsley@clearone.com

 

 

SOURCE ClearOne

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ClearOne Reports Third Quarter Results

 

 

ClearOne Reports Third Quarter Results

ClearOne Reports Record 27% Revenue Growth

SALT LAKE CITY, Oct. 23, 2014 /PRNewswire/ —

 

Third Quarter 2014 Highlights

  • Achieved record third quarter revenue of $15.7 million, up 27% year over year
  • Achieved 61% gross margin
  • Non-GAAP operating income increased 50% year over year
  • Non-GAAP Adjusted EBITDA increased 44% year over year
  • Achieved intellectual property milestone with filing of 100th patent application

Financial Summary

(Dollars in thousands, except per share values)

Third Quarter

Year to Date

2014

2013

Change

2014

2013

Change

Revenue

$

15,739

$

12,366

27%

$

42,558

$

35,362

20%

Gross Profit

9,640

7,445

29%

25,406

21,308

19%

Non-GAAP Operating Income

3,485

2,329

50%

6,479

5,523

17%

Non-GAAP Net Income

1,792

1,684

6%

3,989

3,889

3%

Non-GAAP Adjusted EBITDA

3,758

2,608

44%

7,248

6,219

17%

Non-GAAP Diluted EPS

$

0.19

$

0.18

6%

$

0.41

$

0.41

—%

ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, today reported financial results for the three and nine months ended September 30, 2014.

 

For the 2014 third quarter, revenue increased by 27% to $15.7 million, compared with $12.4 million for the third quarter of 2013.  Gross profit for the third quarter was $9.6 million, or 61% of revenue, compared with $7.4 million, or 60% of revenue, for the third quarter of 2013. Non-GAAP operating income for the third quarter increased by 50% to $3.5 million from $2.3 million for the third quarter of 2013. Non-GAAP net income increased 6% to $1.8 million, or $0.19 per diluted share, from $1.7 million, or $0.18 per diluted share, for the third quarter of 2013. Non-GAAP Adjusted EBITDA for the 2014 third quarter increased 44% to $3.8 million, or $0.39 per diluted share, from $2.6 million, or $0.28 per diluted share, for the third quarter of 2013.

 

For the nine months ended September 30, 2014, revenue increased 20% to $42.6 million from $35.4 million for the nine months ended September 30, 2013.  Gross profit increased by 19% to $25.4 million, or 60% of revenue, compared with $21.3 million, or 60% of revenue, for the nine months endedSeptember 30, 2013.  Non-GAAP operating income for the nine months ended September 30, 2014 increased by 17% to $6.5 million from $5.5 millionfor the nine months ended September 30, 2013.  Non-GAAP net income for the nine months ended September 30, 2014 remained relatively flat at $4.0 million, or $0.41 per diluted share, from $3.9 million, or $0.41 per diluted share, for the nine months ended September 30, 2013.  Non-GAAP Adjusted EBITDA increased 17% to $7.2 million, or $0.75 per diluted share, from $6.2 million, or $0.66 per diluted share, for the nine months ended September 30, 2013.

 

Revenue growth includes contributions from our recent acquisitions with Sabine contributing $1.3 million in revenue and Spontania contributing $180 thousand in revenue. Spontania added $301 thousand in new bookings. Increase in taxes due to changes in forecasts of our profitability mix across different tax jurisdictions around the world impacted net income for the third quarter of 2014.

 

ClearOne continued its stock repurchase plan in the third quarter, bringing the total repurchase amount to approximately $4.7 million against an allocation of $10 million.

 

Cash, cash equivalents and investments totaled $34.3 million at September 30, 2014, down from $42.7 million at December 31, 2013. The decrease is primarily due to the acquisitions of Sabine and Spontania, which closed in March and April of 2014, respectively.

 

“We continue to enjoy record revenue growth with solid profitability fueled by our strongest lineup of audio and visual solutions to date,” said Zee Hakimoglu, President and Chief Executive Officer. “Strong demand for our professional audio products, including our innovative microphones, contributed to this impressive revenue growth. Our VIEW® Pro enterprise streaming system, which we started shipping last quarter exhibited positive momentum and our Spontania cloud-based media collaboration service continues to make encouraging inroads into the North American market. We believe this augurs well for our future revenue growth.”

 

Continued Industry-Leading Innovation

 

During the quarter, ClearOne achieved an important intellectual property milestone when the company filed its 100th patent application in August. The company’s portfolio comprises present and future patent protection in five strategic categories: Audio Signal Processing, Video Conferencing, Multimedia Network Streaming, Wireless, and Industrial Design. These patents were filed with the United States Patent and Trademark Office, and with international patent agencies in Europe and the Asia-Pacific region. To date, 61 of these patents have been granted with 39 more in process.

 

At the end of the third quarter, the company released five new models of digital wireless microphones for the European Union, which are expected to increase the footprint of its wireless microphones in Europe significantly. This new series of digital wireless microphones from ClearOne has been redesigned with a unique method for data compression that reduces the occupied bandwidth from 500 kHz to 200 kHz per channel to comply with European standards, without compromising the quality and fidelity of the reproduced audio signal.

 

During the quarter ClearOne also struck two separate partnerships with service providers to incorporate the Spontania cloud-based media collaboration platform into their workflow applications – one related to healthcare and the other to education. Industries such as healthcare, education, enterprise, finance, public sector, and others can take advantage of Spontania by integrating voice, video and web collaboration into their new or existing workflow processes.

 

In July, ClearOne was named by TMCnet™ as a recipient of the 2014 Communications Solutions Product of the Year Award for its revolutionary Beamforming Microphone Array. One of TMC’s most coveted awards, the Communications Solutions Product of the Year Award honors exceptional products and services that facilitate voice, data, and video communications that were recently brought to market. Technology Marketing Corporation(TMC) is the world’s leading business to business and integrated marketing media company, servicing niche markets within the communications and technology industries.

 

ClearOne was also profiled in the prestigious CRN 2014 Network Connectivity Services Partner Program Guide (PPG) for the ClearOne Premier Partner Program. Each year, CRN highlights the industry leaders in the telecom, cloud, and connectivity industries. It also recognizes industry leaders ready, willing, and able to help partners understand and benefit from technology convergence.

 

Non-GAAP Financial Measures

 

ClearOne provides non-GAAP financial information in the form of non-GAAP operating income, non-GAAP net income, Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (“EBITDA”) and corresponding earnings per share to investors to supplement GAAP financial information.  ClearOne believes that excluding certain items from GAAP results allows ClearOne’s management to better understand ClearOne’sconsolidated financial performance from period to period as management does not believe that the excluded items are reflective of underlying operating performance.  Non-GAAP operating income, non-GAAP net income, Adjusted EBITDA and corresponding earnings per share excludes certain costs and expenses, the details of which are provided below in the tables containing the reconciliation between GAAP and non-GAAP financial measures.  The exclusion of these items in the non-GAAP presentation should not be interpreted as implying that these items are non-recurring, infrequent, or unusual.  ClearOne believes non-GAAP financial measures will provide investors with useful information to help them evaluateClearOne’s operating results and projections.  This non-GAAP financial information is not meant to be considered in isolation or as a substitute for operating income, net income or other financial measures prepared in accordance with GAAP.  There are limitations to the use of non-GAAP financial measures.  Other companies, including companies in ClearOne’s industry, may calculate non-GAAP financial measures differently than ClearOne does, limiting the usefulness of those measures for comparative purposes.  A detailed reconciliation of non-GAAP financial measures to the most directly comparable GAAP financial measures is included with this release.

 

About ClearOne

ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications.  The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability.  More information about the company can be found at www.clearone.com.

This release contains “forward-looking” statements that are based on present circumstances and on ClearOne’s predictions with respect to events that have not occurred, that may not occur, or that may occur with different consequences and timing than those now assumed or anticipated.  Such forward-looking statements, including acquisitions or investments the company may make to fuel growth, the purchase of common stock under the company’s stock repurchase program and any statements of the plans and objectives of management for future operations and forecasts of future growth and value, are not guarantees of future performance or results and involve risks and uncertainties that could cause actual events or results to differ materially from the events or results described in the forward-looking statements.  Such forward-looking statements are made only as of the date of this release and ClearOne assumes no obligation to update forward-looking statements to reflect subsequent events or circumstances.  Readers should not place undue reliance on these forward-looking statements.

http://investors.clearone.com

 

Please find the printable release with included financial tables in our Investor Relations area at the link shown above.

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ClearOne To Report 2014 Third-Quarter Financial Results, And Host Conference Call On Thursday, October 23, 2014

 

 

ClearOne To Report 2014 Third-Quarter Financial Results, And Host Conference Call On Thursday, October 23, 2014

SALT LAKE CITY, Oct. 21, 2014 /PRNewswire/ — ClearOne (NASDAQ: CLRO) today announced it will release its financial results for the third quarter ended September 30, 2014 before open of market on Thursday, October 23 2014. The company also said that senior management will host an investor conference call the same day at 11:30 a.m. Eastern Time to review the company’s financial results.

 

The conference call will be available to interested parties by dialing 877-369-6586 (domestic) or 253-237-1165 (international). The call will also be available through a live, listen-only audio Internet broadcast at www.clearone.com. For those who are not available to listen to the live broadcast, the call will be archived on the same web site for at least three months.

 

About ClearOne
ClearOne is a global company that designs, develops and sells conferencing, collaboration, streaming and digital signage solutions for voice and visual communications.  The performance and simplicity of its advanced comprehensive solutions offer unprecedented levels of functionality, reliability and scalability.  More information about the company can be found at www.clearone.com.

 

© Copyright 2014, ClearOne, Inc.  All rights reserved. ClearOne®, the ClearOne logo, and the names and marks associated with ClearOne’s products are trademarks and/or service marks of ClearOne, Inc. and are registered and/or common-law marks in the United States and various other countries.  All other trademarks are property of their respective owners.

 

http://investors.clearone.com

 

Contact:
Jimmie Owsley
Investor Relations
801-975-7200
Jimmie.owsley@clearone.com

 

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/clearone-to-report-2014-third-quarter-financial-results-and-host-conference-call-on-thursday-october-23-2014-788889294.html

 

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Support for our EMEA partners

Zspain1aragoza Spain is the setting for ClearOne’s 2014 EMEA Partner Conference, a 3-day training event which will cover the newest innovations in media collaboration, multimedia streaming, professional audio and digital signage.

 

Zee Hakimoglu kicks off the conference October 14, with an overview of ClearOne’s vision and market strategy. Executive leadership will cover their respective divisions and product lines with a glimpse at the future of the AV industry and the direction for ClearOne’s portfolio:

 

ClearOne puts media collaboration within anyone’s reach both on-premise and in the cloud, while removing the barriers of complexity and high cost.

 

 

Unparalleled pro audio conferencing and distribution includes the game-changing Beamforming Microphone Array and Wireless Microphone System

 

Scalable multimedia streaming and distribution technology provides the flexibility to use existing network IP infrastructure.

 

Digital signage solutions are scalable and optimized for large corporate or light commercial environments.spain2

 

Partners will follow dual educational tracks to cover the complete ClearOne portfolio with in-depth technical training; “Lunch & Learn” sessions for open-forum Q&A; and optional hands-on evening sessions to go beyond the refreshers and truly test everyone’s technical knowledge with more advanced  topics.

 

emea conference pic

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