ClearOne Does Almost $10 Million in Q2, 2010

Revenue for the 2010 second quarter increased 41 percent to $9.9 million from $7.1 million in the same quarter of last year. Gross profit rose to $5.7 million, or 57 percent of revenue, from $3.2 million, or 45 percent of revenue, for the prior year period. Operating income was $520,000 compared to an operating loss of $946,000 in the same period of fiscal 2009. Net income was $353,000, or $0.04 per diluted share, versus net loss of $402,000, or $0.04 per diluted share, for the second quarter of 2009.

For the first six months of 2010, revenue increased 25 percent to $18.3 million from $14.7 million for the same period of 2009. Gross profit was $10.9 million, or 59 percent of revenue, from $7.2 million, or 49 percent of revenue, for the comparable prior year period. Operating income was $977,000 compared to an operating loss of $516,000 for the first six months of fiscal 2009. Net income was $570,000, or $0.06 per diluted share, versus net loss of $42,000, for the comparable prior period.