ClearOne (NASDAQ: CLRO) reported Q4 EPS of ($0.02), $0.23 worse than the analyst estimate of $0.21. Revenue for the quarter came in at $10.7 million versus the consensus estimate of $13.7 million.

• Q4'16 revenue was $10.7 million, compared to $14.3 million in Q4'15. The year-over-year reduction reflects the transition to the next generation professional audio conferencing platform launched in June 2016, price reductions to CONVERGE Pro 1 products and the weaknesses in capital expenditure spending in U.S. and other major markets.
• Gross profit in Q4'16 was $5.7 million, as compared to $9.1 million in Q4\'15. Gross profit margin declined to 53% in Q4\'16 from 64% in Q4'15, caused mainly by price reductions, increased overhead absorption due to reduction in inventory and scrapping of inventory related to wireless mics production transition. Non-GAAP gross profit margin was 55% in Q4'16 compared to 64% in Q4'15.
• Operating expenses in Q4'16 were $6.8 million, compared to $6.5 million in Q4'15.
• Net loss in Q4\'16 was $1.1 million, or $0.12 per diluted share, compared to net income of $1.6 million in Q4'15, or $0.16 per diluted share. Non-GAAP net loss was $0.2 million in Q4\'16, or $0.02 per diluted share, compared to $2.3 million in Q4\'15, or $0.24 per diluted share.

For earnings history and earnings-related data on ClearOne (CLRO) click here.