ClearOne reports 3Q loss

11/08/17 09:35 AM EST

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.


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