Business
ClearOne Reports Second Quarter 2021 Financial Results
Overall revenue grows 22% year-over-year BMA 360 leads microphone revenue growth of 70% year-over-year Non-GAAP Operating loss decreases 33% year-over-year
About this update from Clearone, Inc.
[{"type":"text","content":"\n\nOverall revenue grows 22% year-over-year\n\n\nBMA 360 leads microphone revenue growth of 70% year-over-year\n\n\nNon-GAAP Operating loss decreases 33% year-over-year\n\n\nGross Profit Margin improves from 41% to 44%\n\n\n SALT LAKE CITY--(BUSINESS WIRE)--\nClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and six months ended June 30, 2021.\n\n“ClearOne had another solid quarter with great progress on all fronts – operations, market recognition, new product introductions, and our continuing patent litigation,” said Zee Hakimoglu, CEO and Chair of ClearOne.\n\n“Our second quarter financial performance marks our fourth consecutive quarter of year over year revenue growth and underlines the continued success of our core strategic initiatives. During the quarter TMCnet, a renowned full-service news portal covering communications and technology industry, acknowledged our BMA 360 by conferring the ‘Communications Solutions Product of the Year Award.’ We believe our new BMA 360 beamforming microphone array is the world's most technologically advanced beamforming microphone array ceiling tile, now with Voice Lift capability, delivering unrivaled audio performance and deployment ease. We are honored that the judges at TMC recognized the innovative breakthroughs the BMA 360 delivers,\" Hakimoglu added.\n\n\"In early July, we introduced the UNITE® 180 ePTZ professional camera that provides a full 180-degree panoramic field-of-view with “real-time stitching” to achieve a variety of useful viewing modes for any application and environment. Designed for professional-quality visual collaboration, conferencing, UC applications, distance learning, and more, the new UNITE 180 camera provides six viewing mode options as well as panoramic view for the ultimate in camera flexibility. Real-time stitching creates a seamless 180-degree panoramic view of wide spaces by bringing the views of multiple lenses together as one complete image. Large classroom settings, training centers, or any wide conferencing area are all captured and presented with perfect clarity in any of the viewing mode options. A 4x zoom further enhances the UNITE 180 feature set. The UNITE 180 is compatible with all popular cloud-based video collaboration applications including Microsoft Teams, Zoom, W...