SALT LAKE CITY, April 2, 2018 /PRNewswire/ -- ClearOne (NASDAQ:
CLRO) a global provider of audio and visual communication
solutions, today announced that the filing of its Annual Report on
Form 10-K for the fiscal year ended December
31, 2017 (the "Annual Report") will be further delayed as
the company and its independent auditors need additional time to
complete the Annual Report and audit of the company's financial
statements relating to recent changes in tax law, goodwill and
intangibles impairment previously reported in the last Quarterly
Report Form 10-Q and updating the capitalization of legal costs
related to patent litigation. On March 19,
2018, the company previously filed a Form 12b-25,
Notification of Late Filing, with the Securities and Exchange
Commission (the "SEC") regarding a delay in the filing of its
Annual Report but was unable to complete the filing of the Annual
Report with the SEC before the expiration of the April 2, 2018 extension period. The company
intends to file its Annual Report with the SEC as soon as possible
and continues to work diligently to finalize its financial
statements.
Given the ongoing audit of the company's financial statements by
the company's independent auditors and its audit committee, the
Company announced that it is postponing its fourth quarter and full
year 2017 earnings release and conference call, previously
scheduled for April 2, 2018 and
April 3, 2018, respectively, until
such audit is completed and the company has filed its Annual
Report.
About ClearOne
ClearOne is a global company that designs, develops and sells
conferencing, collaboration, and network streaming solutions for
voice and visual communications. The performance and simplicity of
its advanced comprehensive solutions offer unprecedented levels of
functionality, reliability and scalability.
Printable releases are available in our Investor Relations area
at http://investors.clearone.com.
Contact:
ClearOne Marketing
801-975-7200
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SOURCE ClearOne