ClearOne Communications, Inc. (CLRO) Reports Fiscal 2009 Results
ClearOne Communications, Inc. reported revenues of $7.1 million for its fourth fiscal quarter ending 6/30/09. This was down sharply from the $9.6 million in the same quarter last year. The company’s net loss was $402,000, or $0.04 per share, for the quarter. ClearOne Communications, Inc. earned $3.2 million, or $0.31 per share, in the same quarter last year. The company blamed the loss on the global recession. Zee Hakimoglu, the CEO of ClearOne Communications, Inc., said, “Our revenue in fiscal 2009 was impacted by global economic conditions, including a worldwide decline in technology spending.” Hakimolu was more optimistic about the…