ClearOne (CLRO) Misses Q4 EPS by 23c
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ClearOne Reports Fourth Quarter and Full-Year 2016 Financial Results
March 14, 2017 9:10 AM EDTSALT LAKE CITY, March 14, 2017 /PRNewswire/ --Â ClearOne (NASDAQ: CLRO), a global provider of audio and visual communication solutions, reported financial results for the three and twelve months ended December 31, 2016.
"Our underlying fundamentals held strong and set the stage for a better 2017; however, in the fourth quarter, several factors continued to negatively impact our financial results," said Zee Hakimoglu, president and chief executive officer. "The transition to our next generation professional audio conferencing platform has taken longer than projected. To stimulate customer interest and sales in the current generation products, we... More
