Clearone | 10-Q: FY2025 Q3 Revenue: USD 0

Revenue: As of FY2025 Q3, the actual value is USD 0.

EPS: As of FY2025 Q3, the actual value is USD -7.92.

EBIT: As of FY2025 Q3, the actual value is USD -834 K.

Financial Metrics by Segment

Revenue

• Audio Conferencing: $259,000 for Q3 2025, $929,000 for Q3 2024; $1,838,000 for nine months ended September 30, 2025, $3,357,000 for nine months ended September 30, 2024.
• Microphones: $798,000 for Q3 2025, $1,172,000 for Q3 2024; $2,885,000 for nine months ended September 30, 2025, $3,786,000 for nine months ended September 30, 2024.
• Video Products: $205,000 for Q3 2025, $403,000 for Q3 2024; $768,000 for nine months ended September 30, 2025, $1,287,000 for nine months ended September 30, 2024.

Operational Metrics

• Net Loss: - $13,736,000 for Q3 2025, - $2,062,000 for Q3 2024; - $21,142,000 for nine months ended September 30, 2025, - $6,780,000 for nine months ended September 30, 2024.
• Gross Profit (Loss): - $27,000 for Q3 2025, - $27,000 for Q3 2024; - $80,000 for nine months ended September 30, 2025, - $80,000 for nine months ended September 30, 2024.
• Operating Loss: - $854,000 for Q3 2025, - $842,000 for Q3 2024; - $3,260,000 for nine months ended September 30, 2025, - $2,496,000 for nine months ended September 30, 2024.
• Loss from Discontinued Operations: - $12,865,000 for Q3 2025, - $1,346,000 for Q3 2024; - $17,864,000 for nine months ended September 30, 2025, - $4,694,000 for nine months ended September 30, 2024.

Cash Flow

• Operating Cash Flow: - $3,322,000 for nine months ended September 30, 2025, - $2,134,000 for nine months ended September 30, 2024.
• Investing Cash Flow: - $21,000 for nine months ended September 30, 2025, $2,914,000 for nine months ended September 30, 2024.
• Financing Cash Flow: $3,966,000 for nine months ended September 30, 2025, - $14,480,000 for nine months ended September 30, 2024.

Unique Metrics

• Class A Redeemable Preferred Stock: Issued 2,069,065 shares in July 2025, redeemable 100% upon completion of asset sale.
• Class B Convertible Preferred Stock: Issued 3,026 shares in July 2025, convertible into common stock.

Future Outlook and Strategy

Core Business Focus

• Restructuring and Strategic Transaction: The company is executing a restructuring plan, including the sale of significant operating assets, maintaining a lean corporate infrastructure, and providing product support and warranty services. The company is also positioning itself as a reverse merger vehicle for a possible strategic transaction.

Non-Core Business

• Asset Sale: The company closed the sale of certain inventory and intellectual property to Biamp Systems, LLC for $3,000,000 on October 24, 2025. The net proceeds from this sale are payable to Class A holders upon redemption.

Priority

• Liquidity Management: The company is focused on managing liquidity by monetizing residual assets, collecting accounts receivable, and reducing ongoing cash burn through lease terminations or assignments.