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CLEARONE COMMUNICATIONS, INC. AND SUBSIDIARIES - CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
Revenue, Net $ 11,890 $ 9,937 $ 22,591 $ 18,293
Cost of Goods Sold 4,734 4,276 9,133 7,437
Gross Profit 7,156 5,661 13,458 10,856
Operating expenses:        
Research and Development Expense 1,816 1,744 3,453 3,648
Selling and Marketing Expense 2,106 2,183 4,089 4,085
General and Administrative Expense 1,361 1,214 2,833 2,146
Operating Expenses 5,283 5,141 10,375 9,879
Operating Income 1,873 520 3,083 977
Other Income (expense) 7   18 (132)
Income before Income Taxes 1,880 520 3,101 845
Income tax expense 559 167 968 275
Net Income (Loss) $ 1,321 $ 353 $ 2,133 $ 570
Earnings per share - Basic $ 0.15 $ 0.04 $ 0.24 $ 0.06
Earnings per share - Diluted $ 0.14 $ 0.04 $ 0.23 $ 0.06
Shares outstanding - Basic 8,992,500 8,929,281 8,962,171 8,929,277
Shares outstanding - Diluted 9,433,650 9,045,866 9,279,800 9,045,718