Famous clients and at home work policies present opportunities
ClearOne leverages client profiles to support its branding initiatives. Famous customer’s such as Doug Aldrich and Hugh McDonald lend credence to the product quality. The company also serves clients around the globe, from Michigan to Israel and Japan. Through its main product segments, home office and commercial, ClearOne offers audio solutions to a variety of customers and organizations. In the era of at home work, ClearOne products may increase in demand. This may have contributed to increases in 2020 revenue. Return to the office policies may hurt sales, but the increase in office video conferencing as opposed to travel and meetings could strengthen demand for microphones and cameras.
Balance Sheet|Competition|New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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