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ClearOne Communications, Inc. - Consolidated Statement of Operations (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Revenue, net $ 10,154 $ 10,701
Cost of goods sold 4,046 4,399
Gross profit 6,108 6,302
Operating expense:    
Sales and marketing 2,134 1,983
Research and product development 2,008 1,637
General and administrative 1,505 1,472
Proceeds from litigation (250) 0
Total operating expenses 5,397 5,092
Operating income 711 1,210
Other income (expense), net 16 11
Income before income taxes 727 1,221
Provision (benefit) for income taxes 274 409
Net income $ 453 $ 812
Basic Earnings per common shares $ 0.05 $ 0.09
Diluted Earnings per common share $ 0.05 $ 0.09
Basic weighted average number of shares outstanding 9,098,152 8,931,504
Diluted weighted average Number of shares outstanding 9,246,310 9,122,671