ClearOne Communications Inc. (CLRO) Posts Q4 Results; Expects Continued Momentum through 2011
ClearOne Communications Inc., a global communications solutions company, today reported financial results for the fourth quarter and full year ended December 31, 2010. Fourth quarter 2010 revenue increased 37 percent to $12.6 million from $9.2 million in the same quarter of last year. Gross profit during the fourth quarter of 2010 rose to $7.5 million, or 60 percent of revenue, from $5.6 million, or 61 percent of revenue, for the prior year period. Net income during the fourth quarter of 2010 was $817,000, or $0.09 per diluted share, compared with $699,000, or $0.08 per diluted share, reported for the comparable…