Clearone (CLRO) Gross Margin (2010 - 2024)
Clearone (CLRO) posted Gross Margin of 0.87% for Q2 2024, down 102.73% on a QoQ basis from 31.78% in Q1 2024, and down 3457.0% year-over-year from 0.03% in Q3 2023.
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Clearone (CLRO) Gross Margin (2010 - 2024) Analysis & Trends
Clearone has reported Gross Margin for 15 years, with the latest figure at 0.87% in Q2 2024.
- On a quarterly basis, Gross Margin fell 3457.0% year-over-year to 0.87% in Q2 2024; TTM through Mar 2025 was 8.16%, a 4228.0% decrease from a year earlier, with the FY2023 full-year figure at 33.99%, down 353.0% from the prior year.
- Gross Margin was 0.87% for Q2 2024 at Clearone, down from 31.78% in the prior quarter.
- The five-year high for Gross Margin was 49.49% in Q1 2020, with the low at 0.87% in Q2 2024.
- Average Gross Margin over 5 years is 36.31%, with a median of 38.02% recorded in 2022.
- The sharpest annual moves came in 2020 and 2024: Gross Margin jumped 661 bps in 2020, then tumbled 3457 bps in 2024.
- Over 5 years, Gross Margin stood at 41.83% in 2020, then fell by 12 bps to 36.63% in 2021, then fell by 14 bps to 31.43% in 2022, then advanced by 21 bps to 37.99% in 2023, then tumbled by 102 bps to 0.87% in 2024.
- The last three Gross Margin figures came in at 0.87% (Q2 2024), 31.78% (Q1 2024), and 37.99% (Q4 2023), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 48.42% |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 77.16% |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 64.21% |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 71.89% |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 53.37% |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 35.72% |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 79.98% |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 61.26% |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 63.67% |
| 10 | Clearone | 13.62 Mn | 13.62 Mn | -70,000.00 | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2024 | -0.87% |
| Mar 31, 2024 | 31.78% |
| Dec 31, 2023 | 37.99% |
| Sep 30, 2023 | 33.05% |
| Jun 30, 2023 | 33.70% |
| Mar 31, 2023 | 31.47% |
| Dec 31, 2022 | 31.43% |
| Sep 30, 2022 | 41.03% |
| Jun 30, 2022 | 38.06% |
| Mar 31, 2022 | 37.32% |
| Dec 31, 2021 | 36.63% |
| Sep 30, 2021 | 40.78% |
| Jun 30, 2021 | 44.27% |
| Mar 31, 2021 | 42.67% |
| Dec 31, 2020 | 41.83% |
| Sep 30, 2020 | 41.84% |
| Jun 30, 2020 | 41.18% |
| Mar 31, 2020 | 49.49% |
| Dec 31, 2019 | 47.64% |
| Sep 30, 2019 | 42.34% |