Demonstrações financeiras detalhadas de ClearOne, Inc. (CLRO): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
Margens dos últimos 12 meses: margem bruta 0.0%, margem operacional 0.0%, margem líquida 0.0%.
Ao preço atual de $4.19, CLRO apresenta lucros negativos (P/L não significativo) e um ROE de 36.53%. A capitalização de mercado é de $11M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $48.6M | $41.8M | $28.2M | $25.0M | $29.1M | $29.0M | $25.2M | $18.7M | $11.4M | 0 |
| Custo da Receita | $19.1M | $17.8M | $14.8M | $13.8M | $16.5M | $17.1M | $15.7M | $12.3M | $8.8M | $328000 |
| Lucro Bruto | $29.5M | $24.0M | $13.4M | $11.2M | $12.6M | $11.9M | $9.5M | $6.4M | $2.6M | -$328000 |
| P&D | $8.6M | $9.3M | $7.8M | $5.8M | $5.5M | $5.8M | $4.4M | $3.7M | $3.3M | 0 |
| Despesas Gerais e Administrativas | $17.4M | $18.2M | $15.9M | $14.0M | $12.6M | $13.6M | $12.3M | $9.5M | $8.5M | $3.8M |
| Despesas Operacionais | $25.9M | $40.2M | $23.7M | $19.8M | $18.1M | $19.4M | $16.7M | $13.1M | $11.8M | $4.1M |
| Lucro Operacional | $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 |
| Despesas com Juros | 0 | 0 | 0 | $26000 | $436000 | $514000 | $420000 | $537000 | 0 | $28000 |
| Lucro Antes de Impostos | $3.9M | -$15.9M | -$10.2M | -$8.4M | -$5.9M | -$8.0M | $27.5M | -$126000 | -$8.8M | -$4.5M |
| Imposto | $1.4M | -$1.7M | $6.4M | $56000 | -$6.4M | -$283000 | $6.9M | $434000 | $155000 | $83000 |
| Lucro Líquido | $2.4M | -$14.2M | -$16.7M | -$8.4M | $505000 | -$7.7M | $20.6M | -$560000 | -$9.0M | -$26.1M |
| LPA | $0.27 | $-1.65 | $-1.87 | $-0.51 | $0.03 | $-0.39 | $0.86 | $-0.02 | $-0.37 | $-14.77 |
| LPA Diluído | $0.26 | $-1.65 | $-1.87 | $-0.51 | $0.03 | $-0.39 | $0.82 | $-0.02 | $-0.37 | $-1.90 |
| Ações em Circulação (Diluídas) | $9.4M | $8.6M | $8.9M | $16.6M | $17.3M | $19.9M | $25.2M | $24.0M | $24.0M | $13.8M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | 0 | 0 | 0 | 0 |
| Lucro Bruto | -$27000 | -$248000 | -$243000 | -$70000 |
| Lucro Operacional | -$854000 | -$1.1M | -$850000 | -$919000 |
| EBITDA | -$789000 | -$1.2M | -$677000 | -$919000 |
| Lucro Líquido | -$13.7M | -$4.9M | -$487000 | -$914000 |
| LPA | $-7.92 | $-2.38 | $-0.20 | $-0.34 |
| LPA Diluído | $-1.00 | $-0.36 | $-0.20 | $-0.34 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $12.1M | $5.6M | $11.2M | $4.1M | $3.8M | $1.1M | $984000 | $17.8M | $1.4M | $220000 |
| Investimentos de Curto Prazo | $5.0M | $2.7M | $951000 | $3.0M | $1.1M | $1.8M | 0 | $3.5M | 0 | 0 |
| Contas a Receber | $7.5M | $7.8M | $6.8M | $5.5M | $12.4M | $12.5M | $59.7M | $7.3M | $2.2M | 0 |
| Estoque | $12.9M | $16.0M | $13.2M | $11.4M | $10.5M | $10.0M | $9.0M | $10.6M | $11.2M | $353000 |
| Ativos Circulantes | $40.1M | $33.9M | $34.4M | $25.2M | $29.3M | $29.4M | $77.4M | $43.3M | $18.8M | $1.7M |
| Imobilizado | $1.5M | $1.5M | $1.4M | $3.5M | $2.8M | $2.3M | $1.4M | $1.5M | $1.2M | $494000 |
| Ágio | $12.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Intangíveis | $5.7M | $6.5M | $10.2M | $14.0M | $19.2M | $25.1M | $2.1M | $1.7M | $1.5M | 0 |
| Ativos Totais | $88.1M | $67.9M | $58.9M | $55.1M | $62.3M | $66.2M | $83.8M | $50.7M | $26.5M | $2.3M |
| Contas a Pagar | $3.5M | $4.1M | $3.7M | $2.9M | $4.0M | $5.4M | $1.3M | $1.9M | $1.8M | $30000 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | $672000 | $3.5M | $3.7M | 0 | 0 | 0 |
| Passivos Circulantes | $9.3M | $10.6M | $6.0M | $6.2M | $7.1M | $11.5M | $8.1M | $4.3M | $3.5M | $1.5M |
| Dívida de Longo Prazo | 0 | 0 | 0 | $2.2M | $3.2M | $1.5M | 0 | 0 | 0 | 0 |
| Passivos Totais | $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 |
| Patrimônio Líquido | $77.4M | $56.6M | $52.1M | $44.5M | $49.8M | $51.5M | $74.1M | $44.7M | $21.3M | -$714000 |
| Dívida Total | 0 | 0 | 0 | $4.8M | $6.0M | $6.7M | $4.9M | $1.0M | $771000 | $513000 |
| Dívida Líquida | -$17.1M | -$8.3M | -$12.2M | -$2.3M | $1.1M | $3.8M | $3.9M | -$20.3M | -$646000 | $293000 |
| Capital de Giro | $30.8M | $23.3M | $28.4M | $18.9M | $22.2M | $18.0M | $69.3M | $39.1M | $15.2M | $209000 |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $101000 | $220000 | $756000 | $75000 |
| Ativos Totais | $9.5M | $2.3M | $2.0M | $990000 |
| Passivos Totais | $6.0M | $3.0M | $1.5M | $1.4M |
| Patrimônio Líquido | $3.5M | -$714000 | $532000 | -$381000 |
| Dívida Total | $566000 | $513000 | $337000 | $500000 |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $2.4M | -$14.2M | -$16.7M | -$8.4M | $505000 | -$7.7M | $20.6M | -$560000 | -$9.0M | -$26.1M |
| Depreciação e Amortização | $1.9M | $1.5M | $1.6M | $2.5M | $2.9M | $3.5M | $3.6M | $1.3M | $900000 | $256000 |
| Compensação em Ações | $685000 | $678000 | $473000 | $217000 | $63000 | $136000 | $113000 | $109000 | $98000 | $79000 |
| Variação Capital de Giro | $2.5M | -$11.9M | $1.2M | $942000 | $33000 | -$2.2M | $4.1M | $55.8M | $919000 | $24000 |
| Fluxo de Caixa Operacional | $7.8M | -$9.3M | -$6.6M | -$4.7M | -$982000 | -$4.4M | -$4.2M | $54.6M | -$6.1M | -$7.5M |
| CapEx | -$730000 | -$638000 | -$336000 | -$205000 | -$284000 | -$221000 | -$51000 | -$375000 | -$196000 | 0 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Recompra de Ações | -$6.1M | -$5.1M | -$147000 | 0 | 0 | 0 | 0 | 0 | 0 | -$34000 |
| Dividendos Pagos | -$1.8M | -$2.2M | -$583000 | 0 | 0 | 0 | 0 | -$29.0M | -$14.5M | 0 |
| Fluxo de Caixa Livre | $7.1M | -$9.9M | -$7.0M | -$4.9M | -$1.3M | -$4.6M | -$4.2M | $54.3M | -$6.3M | -$7.5M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | -$754000 | -$3.0M | -$1.4M | -$1.0M |
| CapEx | $3000 | $17000 | 0 | 0 |
| Fluxo de Caixa Livre | -$751000 | -$2.9M | -$1.4M | -$1.0M |
| Dividendos Pagos | 0 | 0 | 0 | 0 |
| Compensação em Ações | $22000 | $13000 | 0 | 0 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -14.0% | -32.6% | -11.1% | +16.1% | -0.4% | -13.0% | -25.8% | -39.1% | -100.0% |
| Crescimento Lucro Líquido (anual) | | -679.9% | -17.7% | +49.6% | +106.0% | -1623.6% | +367.2% | -102.7% | -1504.1% | -190.4% |
| Crescimento LPA (anual) | | -711.1% | -13.3% | +72.7% | +105.7% | -1435.6% | +320.5% | -102.7% | -1481.2% | -3891.9% |
| Variação de Ações (anual) | | -8.9% | +4.3% | +86.1% | +4.1% | +14.6% | +26.8% | -4.9% | +0.1% | -42.7% |
| Crescimento FCF (anual) | | -239.5% | +29.8% | +30.1% | +74.0% | -264.5% | +8.3% | +1382.6% | -111.6% | -19.2% |
| Margem Bruta | 60.6% | 57.4% | 47.5% | 44.7% | 43.2% | 41.1% | 37.5% | 34.0% | 23.1% | |
| Margem Operacional | 7.3% | -8.3% | -36.7% | -34.2% | -19.2% | -25.9% | -28.7% | -36.2% | -80.9% | |
| Margem EBITDA | 11.8% | -34.4% | -30.7% | -23.5% | -9.7% | -14.5% | 124.0% | 8.4% | -69.6% | |
| Margem Líquida | 5.0% | -33.9% | -59.3% | -33.6% | 1.7% | -26.6% | 81.6% | -3.0% | -78.9% | |
| Margem FCF | 14.6% | -23.7% | -24.7% | -19.4% | -4.4% | -15.9% | -16.8% | 290.1% | -55.4% | |
| Taxa Efetiva de Imposto | 37.0% | 10.8% | -62.8% | -0.7% | 108.5% | 3.5% | 25.1% | -344.4% | -1.8% | -1.8% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $0.75 | $-1.16 | $-0.78 | $-0.29 | $-0.07 | $-0.23 | $-0.17 | $2.26 | $-0.26 | $-0.55 |
| Dividendo por Ação | $0.19 | $0.26 | $0.07 | $0.00 | $0.00 | $0.00 | $0.00 | $1.21 | $0.60 | $0.00 |
| Ações em Circulação (Básicas) | $9.0M | $8.6M | $8.9M | $16.6M | $17.3M | $19.9M | $23.9M | $24.0M | $24.0M | $1.8M |
O que olhar em empresas de Technology
- Crescimento de receita 3a (≥15%/ano) — Valida tração sustentada, não um ano pontual.
- Margem bruta (Depende do sub-setor) — SaaS ≥70%, Internet ≥55%, Semis ≥45%, Hardware ≥35%.
- FCF / Receita (≥20%) — Caixa real gerada. Muitas tech maquilham lucros não-GAAP.
- ROIC (≥15%) — Eficiência do capital reinvestido — a primeira métrica de Buffett.
- SBC / Receita (<10% saudável) — Stock-based compensation. Diluição silenciosa: >20% destrói valor.
- Dívida Líquida / EBITDA (≤2x (1,5x SaaS)) — Resistência em recessões e subidas de juros.
Rentabilidade
| Retorno sobre patrimônio | 3653.22% |
| Retorno sobre capital investido | -424.73% |
| Retorno sobre ativos | -1134.58% |
| Margem bruta | 0.00% |
| Margem operacional | 0.00% |
| Margem líquida | 0.00% |
Saúde financeira
| Dívida / Patrimônio | -0.72 |
| Liquidez corrente | 1.14 |
| Piotroski F-Score | 2 |
| Altman Z-Score | -26.42 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 633.33 | -81.36 | -10.03 | -48.82 | 1166.10 | -49.62 | 26.51 | -692.31 | -31.73 | -0.34 |
| P/VP | 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 |
| Margem Bruta | 60.6% | 57.4% | 47.5% | 44.7% | 43.2% | 41.1% | 37.5% | 34.0% | 23.1% | 0.0% |
| Margem Operacional | 7.3% | -8.3% | -36.7% | -34.2% | -19.2% | -25.9% | -28.7% | -36.2% | -80.9% | 0.0% |
| Margem Líquida | 5.0% | -33.9% | -59.3% | -33.6% | 1.7% | -26.6% | 81.6% | -3.0% | -78.9% | 0.0% |