Estados financieros detallados de ClearOne, Inc. (CLRO): cuenta de resultados, balance general y flujo de caja. Sigue la evolución de márgenes, deuda, liquidez y rentabilidad año a año con hasta 20 años de histórico.
Resumen del Análisis
Márgenes de los últimos 12 meses: margen bruto 0.0%, margen operativo 0.0%, margen neto 0.0%.
Al precio actual de $4.19, CLRO presenta beneficios negativos (P/E no significativo) y un ROE del 36.53%. La capitalización bursátil es de $11M.
Cuenta de Resultados (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Ingresos | $48.6M | $41.8M | $28.2M | $25.0M | $29.1M | $29.0M | $25.2M | $18.7M | $11.4M | 0 |
| Coste de Ventas | $19.1M | $17.8M | $14.8M | $13.8M | $16.5M | $17.1M | $15.7M | $12.3M | $8.8M | $328000 |
| Beneficio Bruto | $29.5M | $24.0M | $13.4M | $11.2M | $12.6M | $11.9M | $9.5M | $6.4M | $2.6M | -$328000 |
| I+D | $8.6M | $9.3M | $7.8M | $5.8M | $5.5M | $5.8M | $4.4M | $3.7M | $3.3M | 0 |
| Generales y Administrativos | $17.4M | $18.2M | $15.9M | $14.0M | $12.6M | $13.6M | $12.3M | $9.5M | $8.5M | $3.8M |
| Gastos Operativos | $25.9M | $40.2M | $23.7M | $19.8M | $18.1M | $19.4M | $16.7M | $13.1M | $11.8M | $4.1M |
| Beneficio Operativo | $3.5M | -$3.5M | -$10.3M | -$8.6M | -$5.6M | -$7.5M | -$7.2M | -$6.8M | -$9.2M | -$4.4M |
| EBITDA | $5.8M | -$14.4M | -$8.7M | -$5.9M | -$2.8M | -$4.2M | $31.3M | $1.6M | -$7.9M | -$4.3M |
| Gastos por Intereses | 0 | 0 | 0 | $26000 | $436000 | $514000 | $420000 | $537000 | 0 | $28000 |
| Beneficio Antes de Impuestos | $3.9M | -$15.9M | -$10.2M | -$8.4M | -$5.9M | -$8.0M | $27.5M | -$126000 | -$8.8M | -$4.5M |
| Impuestos | $1.4M | -$1.7M | $6.4M | $56000 | -$6.4M | -$283000 | $6.9M | $434000 | $155000 | $83000 |
| Beneficio Neto | $2.4M | -$14.2M | -$16.7M | -$8.4M | $505000 | -$7.7M | $20.6M | -$560000 | -$9.0M | -$26.1M |
| BPA | $0.27 | $-1.65 | $-1.87 | $-0.51 | $0.03 | $-0.39 | $0.86 | $-0.02 | $-0.37 | $-14.77 |
| BPA Diluido | $0.26 | $-1.65 | $-1.87 | $-0.51 | $0.03 | $-0.39 | $0.82 | $-0.02 | $-0.37 | $-1.90 |
| Acciones en Circulación (Diluidas) | $9.4M | $8.6M | $8.9M | $16.6M | $17.3M | $19.9M | $25.2M | $24.0M | $24.0M | $13.8M |
Cuenta de Resultados (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Ingresos | 0 | 0 | 0 | 0 |
| Beneficio Bruto | -$27000 | -$248000 | -$243000 | -$70000 |
| Beneficio Operativo | -$854000 | -$1.1M | -$850000 | -$919000 |
| EBITDA | -$789000 | -$1.2M | -$677000 | -$919000 |
| Beneficio Neto | -$13.7M | -$4.9M | -$487000 | -$914000 |
| BPA | $-7.92 | $-2.38 | $-0.20 | $-0.34 |
| BPA Diluido | $-1.00 | $-0.36 | $-0.20 | $-0.34 |
Balance (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caja y Equivalentes | $12.1M | $5.6M | $11.2M | $4.1M | $3.8M | $1.1M | $984000 | $17.8M | $1.4M | $220000 |
| Inversiones a Corto | $5.0M | $2.7M | $951000 | $3.0M | $1.1M | $1.8M | 0 | $3.5M | 0 | 0 |
| Cuentas por Cobrar | $7.5M | $7.8M | $6.8M | $5.5M | $12.4M | $12.5M | $59.7M | $7.3M | $2.2M | 0 |
| Inventario | $12.9M | $16.0M | $13.2M | $11.4M | $10.5M | $10.0M | $9.0M | $10.6M | $11.2M | $353000 |
| Activos Corrientes | $40.1M | $33.9M | $34.4M | $25.2M | $29.3M | $29.4M | $77.4M | $43.3M | $18.8M | $1.7M |
| Inmovilizado Material | $1.5M | $1.5M | $1.4M | $3.5M | $2.8M | $2.3M | $1.4M | $1.5M | $1.2M | $494000 |
| Fondo de Comercio | $12.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Activos Intangibles | $5.7M | $6.5M | $10.2M | $14.0M | $19.2M | $25.1M | $2.1M | $1.7M | $1.5M | 0 |
| Activos Totales | $88.1M | $67.9M | $58.9M | $55.1M | $62.3M | $66.2M | $83.8M | $50.7M | $26.5M | $2.3M |
| Cuentas por Pagar | $3.5M | $4.1M | $3.7M | $2.9M | $4.0M | $5.4M | $1.3M | $1.9M | $1.8M | $30000 |
| Deuda a Corto | 0 | 0 | 0 | 0 | $672000 | $3.5M | $3.7M | 0 | 0 | 0 |
| Pasivos Corrientes | $9.3M | $10.6M | $6.0M | $6.2M | $7.1M | $11.5M | $8.1M | $4.3M | $3.5M | $1.5M |
| Deuda a Largo | 0 | 0 | 0 | $2.2M | $3.2M | $1.5M | 0 | 0 | 0 | 0 |
| Pasivos Totales | $10.7M | $11.3M | $6.7M | $10.6M | $12.5M | $14.7M | $9.6M | $6.0M | $5.2M | $3.0M |
| Reservas | $31.0M | $9.2M | -$5.5M | -$13.9M | -$13.4M | -$21.1M | -$516000 | -$1.1M | -$10.1M | -$36.1M |
| Patrimonio Neto | $77.4M | $56.6M | $52.1M | $44.5M | $49.8M | $51.5M | $74.1M | $44.7M | $21.3M | -$714000 |
| Deuda Total | 0 | 0 | 0 | $4.8M | $6.0M | $6.7M | $4.9M | $1.0M | $771000 | $513000 |
| Deuda Neta | -$17.1M | -$8.3M | -$12.2M | -$2.3M | $1.1M | $3.8M | $3.9M | -$20.3M | -$646000 | $293000 |
| Capital Circulante | $30.8M | $23.3M | $28.4M | $18.9M | $22.2M | $18.0M | $69.3M | $39.1M | $15.2M | $209000 |
Balance (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caja y Equivalentes | $101000 | $220000 | $756000 | $75000 |
| Activos Totales | $9.5M | $2.3M | $2.0M | $990000 |
| Pasivos Totales | $6.0M | $3.0M | $1.5M | $1.4M |
| Patrimonio Neto | $3.5M | -$714000 | $532000 | -$381000 |
| Deuda Total | $566000 | $513000 | $337000 | $500000 |
Flujo de Caja (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Beneficio Neto | $2.4M | -$14.2M | -$16.7M | -$8.4M | $505000 | -$7.7M | $20.6M | -$560000 | -$9.0M | -$26.1M |
| Amortizaciones | $1.9M | $1.5M | $1.6M | $2.5M | $2.9M | $3.5M | $3.6M | $1.3M | $900000 | $256000 |
| Compensación en Acciones | $685000 | $678000 | $473000 | $217000 | $63000 | $136000 | $113000 | $109000 | $98000 | $79000 |
| Cambio en Capital Circulante | $2.5M | -$11.9M | $1.2M | $942000 | $33000 | -$2.2M | $4.1M | $55.8M | $919000 | $24000 |
| Flujo de Caja Operativo | $7.8M | -$9.3M | -$6.6M | -$4.7M | -$982000 | -$4.4M | -$4.2M | $54.6M | -$6.1M | -$7.5M |
| Inversiones (CapEx) | -$730000 | -$638000 | -$336000 | -$205000 | -$284000 | -$221000 | -$51000 | -$375000 | -$196000 | 0 |
| Adquisiciones | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Acciones | -$6.1M | -$5.1M | -$147000 | 0 | 0 | 0 | 0 | 0 | 0 | -$34000 |
| Dividendos Pagados | -$1.8M | -$2.2M | -$583000 | 0 | 0 | 0 | 0 | -$29.0M | -$14.5M | 0 |
| Flujo de Caja Libre | $7.1M | -$9.9M | -$7.0M | -$4.9M | -$1.3M | -$4.6M | -$4.2M | $54.3M | -$6.3M | -$7.5M |
Flujo de Caja (Trimestral)
| Año | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Flujo de Caja Operativo | -$754000 | -$3.0M | -$1.4M | -$1.0M |
| Inversiones (CapEx) | $3000 | $17000 | 0 | 0 |
| Flujo de Caja Libre | -$751000 | -$2.9M | -$1.4M | -$1.0M |
| Dividendos Pagados | 0 | 0 | 0 | 0 |
| Compensación en Acciones | $22000 | $13000 | 0 | 0 |
Crecimiento y Márgenes (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crecimiento Ingresos (anual) | | -14.0% | -32.6% | -11.1% | +16.1% | -0.4% | -13.0% | -25.8% | -39.1% | -100.0% |
| Crecimiento Beneficio Neto (anual) | | -679.9% | -17.7% | +49.6% | +106.0% | -1623.6% | +367.2% | -102.7% | -1504.1% | -190.4% |
| Crecimiento BPA (anual) | | -711.1% | -13.3% | +72.7% | +105.7% | -1435.6% | +320.5% | -102.7% | -1481.2% | -3891.9% |
| Cambio en Acciones (anual) | | -8.9% | +4.3% | +86.1% | +4.1% | +14.6% | +26.8% | -4.9% | +0.1% | -42.7% |
| Crecimiento FCF (anual) | | -239.5% | +29.8% | +30.1% | +74.0% | -264.5% | +8.3% | +1382.6% | -111.6% | -19.2% |
| Margen Bruto | 60.6% | 57.4% | 47.5% | 44.7% | 43.2% | 41.1% | 37.5% | 34.0% | 23.1% | |
| Margen Operativo | 7.3% | -8.3% | -36.7% | -34.2% | -19.2% | -25.9% | -28.7% | -36.2% | -80.9% | |
| Margen EBITDA | 11.8% | -34.4% | -30.7% | -23.5% | -9.7% | -14.5% | 124.0% | 8.4% | -69.6% | |
| Margen Neto | 5.0% | -33.9% | -59.3% | -33.6% | 1.7% | -26.6% | 81.6% | -3.0% | -78.9% | |
| Margen FCF | 14.6% | -23.7% | -24.7% | -19.4% | -4.4% | -15.9% | -16.8% | 290.1% | -55.4% | |
| Tasa Impositiva Efectiva | 37.0% | 10.8% | -62.8% | -0.7% | 108.5% | 3.5% | 25.1% | -344.4% | -1.8% | -1.8% |
Datos por Acción (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Acción | $0.75 | $-1.16 | $-0.78 | $-0.29 | $-0.07 | $-0.23 | $-0.17 | $2.26 | $-0.26 | $-0.55 |
| Dividendo por Acción | $0.19 | $0.26 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $0.60 | $0.00 |
| Acciones en Circulación (Básicas) | $9.0M | $8.6M | $8.9M | $16.6M | $17.3M | $19.9M | $23.9M | $24.0M | $24.0M | $1.8M |
Qué mirar en empresas de Technology
- Crecimiento de ingresos 3a (≥15%/año) — Valida tracción sostenida, no un año puntual.
- Margen bruto (Depende del sub-sector) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Ingresos (≥20%) — Caja real generada. Muchas tech maquillan beneficios non-GAAP.
- ROIC (≥15%) — Eficiencia del capital reinvertido — la primera métrica de Buffett.
- SBC / Ingresos (<10% saludable) — Stock-based compensation. Dilución silenciosa: >20% destruye valor.
- Deuda Neta / EBITDA (≤2x (1,5x SaaS)) — Resistencia en recesiones y subidas de tipos.
Rentabilidad
| Rentabilidad sobre capital | 3653.22% |
| Rentabilidad sobre capital invertido | -424.73% |
| Rentabilidad sobre activos | -1134.58% |
| Margen bruto | 0.00% |
| Margen operativo | 0.00% |
| Margen neto | 0.00% |
Salud financiera
| Deuda / Patrimonio | -0.72 |
| Ratio corriente | 1.14 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -26.42 |
Ratios Clave (10 años)
| Año | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/E | 633.33 | -81.36 | -10.03 | -48.82 | 1166.10 | -49.62 | 26.51 | -692.31 | -31.73 | -0.34 |
| P/VC | 19.92 | 20.35 | 3.21 | 9.31 | 11.81 | 7.46 | 7.36 | 8.69 | 13.21 | -12.59 |
| P/V | 31.72 | 27.54 | 5.94 | 16.54 | 20.23 | 13.27 | 21.65 | 20.75 | 24.74 | 0.00 |
| Margen Bruto | 60.6% | 57.4% | 47.5% | 44.7% | 43.2% | 41.1% | 37.5% | 34.0% | 23.1% | 0.0% |
| Margen Operativo | 7.3% | -8.3% | -36.7% | -34.2% | -19.2% | -25.9% | -28.7% | -36.2% | -80.9% | 0.0% |
| Margen Neto | 5.0% | -33.9% | -59.3% | -33.6% | 1.7% | -26.6% | 81.6% | -3.0% | -78.9% | 0.0% |