ClearOne Inc.
Find Ratings ReportsCLEARONE INC's gross profit margin for the third quarter of its fiscal year 2023 has significantly decreased when compared to the same period a year ago. Sales and net income have dropped, underperforming the average competitor within its subsector. CLEARONE INC is extremely liquid. Currently, the Quick Ratio is 5.55 which clearly shows the ability to cover any short-term cash needs. The company's liquidity has increased from the same period last year.
During the same period, stockholders' equity ("net worth") has decreased by 16.10% from the same quarter last year. Overall, the key liquidity measurements indicate that the company is very unlikely to face financial difficulties in the near future.
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Income Statement | Q3 FY23 | Q3 FY22 |
---|---|---|
Net Sales ($mil) | 4.89 | 6.26 |
EBITDA ($mil) | -1.23 | -0.33 |
EBIT ($mil) | -1.49 | -1.13 |
Net Income ($mil) | -1.35 | -1.25 |
Balance Sheet | Q3 FY23 | Q3 FY22 |
---|---|---|
Cash & Equiv. ($mil) | 19.39 | 1.45 |
Total Assets ($mil) | 49.12 | 57.76 |
Total Debt ($mil) | 2.35 | 3.04 |
Equity ($mil) | 42.01 | 50.08 |
Profitability | Q3 FY23 | Q3 FY22 |
---|---|---|
Gross Profit Margin | 38.37 | 53.75 |
EBITDA Margin | -25.13 | -5.31 |
Operating Margin | -30.46 | -18.04 |
Sales Turnover | 0.38 | 0.49 |
Return on Assets | 42.4 | -9.96 |
Return on Equity | 49.57 | -11.49 |
Debt | Q3 FY23 | Q3 FY22 |
---|---|---|
Current Ratio | 7.88 | 4.54 |
Debt/Capital | 0.05 | 0.06 |
Interest Expense | 0.09 | 0.09 |
Interest Coverage | -17.31 | -12.56 |
Share Data | Q3 FY23 | Q3 FY22 |
---|---|---|
Shares outstanding (mil) | 23.96 | 23.95 |
Div / share | 0.0 | 0.0 |
EPS | -0.06 | -0.05 |
Book value / share | 1.75 | 2.09 |
Institutional Own % | n/a | n/a |
Avg Daily Volume | 2618492.0 | 30908.0 |
HOLD. CLEARONE INC's P/E ratio indicates a significant discount compared to an average of 53.34 for the Computer and Electronic Product Manufacturing subsector and a significant discount compared to the S&P 500 average of 27.95. For additional comparison, its price-to-book ratio of 1.07 indicates a significant discount versus the S&P 500 average of 4.68 and a significant discount versus the subsector average of 23.59. The price-to-sales ratio is below the S&P 500 average and is well below the subsector average, indicating a discount. Upon assessment of these and other key valuation criteria, CLEARONE INC proves to trade at a discount to investment alternatives.
Price/Earnings |
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Price/Cash Flow |
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CLRO 2.23 | Peers 53.34 | CLRO 0.91 | Peers 44.47 | |||||||||||||||||||||
Discount. A lower P/E ratio than its peers can signify a less expensive stock or lower growth expectations. CLRO is trading at a significant discount to its peers. |
Discount. The P/CF ratio, a stock’s price divided by the company's cash flow from operations, is useful for comparing companies with different capital requirements or financing structures. CLRO is trading at a significant discount to its peers. |
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Price/Projected Earnings |
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Price to Earnings/Growth |
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CLRO NA | Peers 26.06 | CLRO NA | Peers 1.95 | |||||||||||||||||||||
Neutral. A lower price-to-projected earnings ratio than its peers can signify a less expensive stock or lower future growth potential. Ratio not available. |
Neutral. The PEG ratio is the stock’s P/E divided by the consensus estimate of long-term earnings growth. Faster growth can justify higher price multiples. Ratio not available. |
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Price/Book |
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Earnings Growth |
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CLRO 1.07 | Peers 23.59 | CLRO 450.00 | Peers 123.02 | |||||||||||||||||||||
Discount. A lower price-to-book ratio makes a stock more attractive to investors seeking stocks with lower market values per dollar of equity on the balance sheet. CLRO is trading at a significant discount to its peers. |
Higher. Elevated earnings growth rates can lead to capital appreciation and justify higher price-to-earnings ratios. CLRO is expected to have an earnings growth rate that significantly exceeds its peers. |
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Price/Sales |
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Sales Growth |
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CLRO 2.41 | Peers 14.13 | CLRO -34.58 | Peers 27.20 | |||||||||||||||||||||
Discount. In the absence of P/E and P/B multiples, the price-to-sales ratio can display the value investors are placing on each dollar of sales. CLRO is trading at a significant discount to its subsector on this measurement. |
Lower. A sales growth rate that trails the subsector implies that a company is losing market share. CLRO significantly trails its peers on the basis of sales growth. |
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