ClearOne (CLRO) Bests Q4 EPS Expectations

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ClearOne Reports Record 2014 Fourth-Quarter and Full-Year Revenue and Increases Cash Dividend

March 12, 2015 9:00 AM EDT

SALT LAKE CITY, March 12, 2015 /PRNewswire/ --

Financial Highlights:

Fourth Quarter 2014 vs. 2013

Revenue up 8% to $15.4 million Gross margin increased to 65%, up from 60% Non-GAAP operating income up 33% Non-GAAP net income up 77% Non-GAAP adjusted EBITDA up 31%

Full Year 2014 vs. 2013

Revenue up 17% to $57.9 million, fifth consecutive year of growth Non-GAAP operating income up 23% Non-GAAP net income up 26% Non-GAAP adjusted EBITDA up 21%

Financial Summary

(Dollars in thousands, except per share values)

Fourth... More