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CLEARONE INC (CLRO)

Income Statement Business | Geographic

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
Revenues:  
    Non-US  13.114.911.111.613.4   
    Other  12.114.018.013.514.8   
Total revenues  25.229.029.125.028.241.848.657.8
            Revenue growth   [+]-13.0%-0.4%16.1%-11.1%-32.6%-14.0%-15.8%-0.2%
Cost of goods sold  15.717.116.513.814.817.819.221.1
Gross profit  9.511.912.611.213.424.029.536.7
            Gross margin  37.5%41.1%43.2%44.7%47.5%57.4%60.6%63.5%
Selling, general and administrative   [+]12.313.612.614.015.918.217.418.1
Research and development  4.45.85.55.87.89.38.68.3
Other operating expenses        0.0 
EBITDA   [+]-4.3-4.6-3.3-6.6-8.7-2.05.412.3
            EBITDA margin  -16.9%-16.0%-11.2%-26.5%-31.0%-4.7%11.2%21.3%
Depreciation  0.50.60.60.50.50.60.80.8
EBITA  -4.7-5.2-3.9-7.2-9.2-2.64.711.5
            EBITA margin  -18.7%-18.0%-13.3%-28.6%-32.8%-6.1%9.6%19.9%
Amortization of intangibles  2.52.31.71.41.10.91.11.3
EBIT   [+]-7.2-7.5-5.6-8.6-10.3-3.53.610.3
            EBIT margin  -28.7%-25.9%-19.2%-34.2%-36.7%-8.3%7.3%17.8%
Non-recurring items   [+]     12.7  
Interest expense  0.40.50.40.0    
Other income (expense), net   [+]35.10.00.10.20.10.30.30.3
Pre-tax income  27.5-8.0-5.9-8.4-10.2-15.93.910.6
Income taxes  6.9-0.3-6.40.16.4-1.71.43.8
            Tax rate  25.1%3.5%108.5%  10.8%37.0%35.8%
Net income  20.6-7.70.5-8.4-16.7-14.22.46.8
            Net margin  81.6%-26.6%1.7%-33.6%-59.3%-33.9%5.0%11.7%
   
Basic EPS   [+]$0.86($0.39)$0.03($0.51)($1.87)($1.65)$0.27$0.74
Diluted EPS   [+]$0.82($0.39)$0.03($0.51)($1.87)($1.65)$0.26$0.71
   
Dividends per share   [+]    $0.07$0.26$0.20$0.16
   
Shares outstanding (basic)   [+]23.919.917.316.68.98.69.09.1
Shares outstanding (diluted)   [+]25.219.917.316.68.98.69.39.6
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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