ClearOne reports 3Q loss
SALT LAKE CITY (AP) _ ClearOne Inc. (CLRO) on Wednesday reported a third-quarter loss of $9.3 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Salt Lake City-based company said it had a loss of $1.09. Earnings, adjusted for one-time gains and costs, came to 9 cents per share.
The provider of videoconferencing products posted revenue of $10.6 million in the period.
ClearOne shares have decreased 37 percent since the beginning of the year. The stock has declined 33 percent in the last 12 months.