Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
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| Clearone Inc.CLRO · business equipment | |
|---|---|
| Grade | Nonecomputable_factors_below_threshold: 6 of 14 inputs computable; 7 are required |
| Reliability | 0.76 AUCfailure model, filers with under $12.5M assets; 95% interval 0.65 to 0.86; 63 events, 2020 to 2025 |
| Peer failure rate | 0.60% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | under $12.5M assetstotal assets $2.3M[1] |
| Standard universe | outsiderevenue above $1M and assets above $10M[1-2] |
| Warnings | dilution, thin data, degenerate inputs · fortress balance sheetnot computable: short runway, distress |
| Inputs computable | 6 of 14 |
| Graded from | filings received through Mar 31, 2026192 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $4.032026-10-08; market equity $10.8M; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Mar 31, 2026; the document on sec.gov.
Delaware corporation, was previously engaged in the design, development, and marketing of professional audio conferencing, microphone, and video All share and per-share amounts presented in this report (current and historical) have been adjusted to reflect the 15-for-1 reverse stock split effected in June 2025. certain intellectual property, product inventory, and non-exclusive rights to customer data to Biamp Systems, LLC (“Biamp”) for gross cash consideration of $3.0 million (the “Asset Sale”) pursuant to an Asset Purchase Agreement dated the same date. Biamp did not assume any warranty or technical support obligations.
7 checks ran; none of them enters the letter. The checks are listed on the warnings screen.
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 51.0 | |||||||
| Gross profitability | (14.3%) | [1,7] | 28.5% | 98.7 | 558 | 2025-12-31 | |
| Return on invested capital | not computable | 10.9% | |||||
| a prior annual debt, equity, and cash observation is required | |||||||
| Accruals ratio | (80.0%) | [1,8-10] | (7.4%) | 3.2 | 621 | 2025-12-31 | |
| Gross margin stability, five years | not computable | 2.4 pts | |||||
| annual revenue must exceed $100,000 | |||||||
| Solvency, sleeve percentile 85.6 | |||||||
| Twelve-month failure probability | not computable | 0.05% | |||||
| latest liabilities, cash plus short-term investments, book equity, and shares are required | |||||||
| Altman Z double-prime | (63.75) | [1,11-16] | 2.18 | 97.3 | 566 | 2025-12-31 | |
| Net debt to EBITDA | not computable | 1.11x | |||||
| EBITDA must exceed $100,000 | |||||||
| Interest coverage | not computable | 3.77x | |||||
| latest aligned inputs end 2023-12-31; latest annual assets end 2025-12-31 | |||||||
| Current ratio | 1.14x | [11-12] | 2.02x | 73.8 | 666 | 2025-12-31 | |
| Growth and financing, sleeve percentile 96.6 | |||||||
| Revenue growth, three-year compound | not computable | 6.4% | |||||
| current value must be positive and the base must exceed $100,000 | |||||||
| Free cash flow growth, three-year compound | not computable | 17.2% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 14.3% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (69.8%) | [1,10,17-18] | 5.0% | 100.0 | 563 | 2025-12-31 | |
| Net share issuance, one year | 54.4% | [3-4] | 0.5% | 93.1 | 407 | 2026-03-31 | |
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | (10.3%) | 2.2% | 41 | hotter than 41 of 100 peers |
| Distance from 52-week high | (70.3%) | (30.0%) | 11 | closer to its high than 11 of 100 peers |
| EBIT to enterprise value | (33.1%) | 1.5% | 11 | pricier than 89 of 100 peers |
| Free cash flow yield | (57.4%) | 2.7% | 6 | pricier than 94 of 100 peers |
| Book value to price | (0.03) | 0.23 | 5 | pricier than 95 of 100 peers |
| Sales to price | 0.00 | 0.30 | 0 | pricier than 100 of 100 peers |
| Composite equity issuance, five years | (19.5%) | 3.9% | 14 | more equity-funded than 14 of 100 peers |
| Relative strength against the sector, log excess return | (0.39) | (0.26) | 41 | ahead of 41 of 100 peers |
Inputs: market equity $11.0M; EBIT -$4.4M; free cash flow -$6.3M; book equity -$381,000; sales $0; debt $2.4M; cash $75,000[19].
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (98.3%) | ✗ fail[8,10] |
| Operating cash flow above zero | -$14.6M | ✗ fail[9] |
| Return on assets improved | (80.5 pts) | ✗ fail[8,10,17,20] |
| Operating cash flow exceeds net income | $11.5M | ✓ pass[8-9] |
| Long-term leverage fell | n/a[1,10,17] | |
| Current ratio improved | (414.9 pts) | ✗ fail[11-12,21-22] |
| No new shares issued | 54.4% | ✗ fail[3-4] |
| Gross margin improved | n/a[2,7,23-24] | |
| Asset turnover improved | 0.0 pts | ✗ fail[2,10,17,24] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $75,000[25] |
| Operating cash flow, four quarters | -$13.6M[9,25-29] |
| Months of runway | not finite |
| cash must be at least $100,000 | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 56 |
| 10-Q received Aug 14, 2026 | |
| Median daily dollar volume | $281,998 |
| 63 sessions | |
| Days since newest grade input | 192 |
|
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $2.3M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $0 | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 3 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 2,675,412 | 2026-03-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 4 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 25,992,995 | 2025-03-27 | 2025-04-25 | 10-K/A | filing · viewer · series |
| 5 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $4.1M | 2019-12-31 | 2021-03-31 | 10-K | filing · viewer · series |
| 6 | total debt | us-gaap:LongTermDebt | $2.2M | 2019-12-31 | 2020-03-30 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | -$328,000 | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 8 | net income | us-gaap:NetIncomeLoss | -$26.1M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 9 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -$14.6M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 10 | assets | us-gaap:Assets | $26.5M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 11 | current assets | us-gaap:AssetsCurrent | $1.7M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 12 | current liabilities | us-gaap:LiabilitiesCurrent | $1.5M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 13 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$36.1M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 14 | operating income | us-gaap:OperatingIncomeLoss | -$4.4M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 15 | book equity | us-gaap:StockholdersEquity | -$714,000 | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 16 | liabilities | us-gaap:Liabilities | $3.0M | 2025-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 17 | assets | us-gaap:Assets | $50.7M | 2023-12-31 | 2025-03-28 | 10-K | filing · viewer · series |
| 18 | assets | us-gaap:Assets | $83.8M | 2022-12-31 | 2024-04-01 | 10-K | filing · viewer · series |
| 19 | shares outstanding | dei:EntityCommonStockSharesOutstanding | 2,675,412 | 2026-08-14 | 2026-08-14 | 10-Q | filing · viewer · series |
| 20 | net income | us-gaap:NetIncomeLoss | -$9.0M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 21 | current assets | us-gaap:AssetsCurrent | $18.8M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 22 | current liabilities | us-gaap:LiabilitiesCurrent | $3.5M | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 23 | gross profit | us-gaap:GrossProfit | -$194,000 | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 24 | revenue | us-gaap:RevenueFromContractWithCustomerIncludingAssessedTax | $0 | 2024-12-31 | 2026-03-31 | 10-K | filing · viewer · series |
| 25 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $75,000 | 2026-06-30 | 2026-08-14 | 10-Q | filing · viewer · series |
| 26 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -$1.6M | 2026-06-30 | 2026-08-14 | 10-Q | filing · viewer · series |
| 27 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -$680,000 | 2026-03-31 | 2026-05-15 | 10-Q | filing · viewer · series |
| 28 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | -$3.3M | 2025-09-30 | 2025-11-14 | 10-Q | filing · viewer · series |
| 29 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$2.6M | 2025-06-30 | 2025-08-14 | 10-Q | filing · viewer · series |
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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