ClearOne通讯 2025年度报告

Form 10-K (Mark One)ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 ☒For the fiscal year ended December 31, 2025 TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period from _________ to _________ Commission file number 001-33660 CLEARONE, INC.(Exact name of registrant as specified in its charter) 87-0398877 (State or other jurisdiction ofincorporation or organization) (I.R.S. employeridentification number) 5225 Wiley Post Way, Suite 500, Salt Lake City, Utah(Address of principal executive offices) 84116(Zip Code) Registrant’s telephone number, including area code:(801) 975-7200 Securities registered pursuant to Section 12(b) of the Act: Name on each exchange on whichregisteredThe NasdaqCapital Market Securities registered pursuant to Section 12(g) of the Act: None________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.☐Yes☒No Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.☐Yes☒No Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports),and (2) has been subject to such filing requirements for the past 90 days.☒Yes☐No Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule405of Regulation S-T (§232.405of this chapter) during the preceding12months (or for such shorter period that theregistrant was required to submit such files).☒Yes☐No Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reportingcompany,” and “emerging growth company” in Rule12b-2of the Exchange Act. (Checkone): Accelerated Filer☐Smaller Reporting Company☒Emerging Growth Company☐ Larger Accelerated Filer☐Non-Accelerated Filer☒ Table of Contents If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectivenessof its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registeredpublic accounting firm that prepared or issued its audit report.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of theregistrant included in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell Company (as defined in Rule 12b-2 of the Act).☐Yes☒No The aggregate market value of the shares of voting common stock held by non-affiliates was approximately$5.1million at June 30,2025,(the Company’s most recently completed secondfiscal quarter), based on the $5.7500closing price for the Company’s commonstock on the Nasdaq Capital Market on such date. For purposes of this computation, all officers, directors, and 10% beneficial ownersof the registrant are deemed to be affiliates. Such determination should not be deemed to be an admission that such officers, directors,or 10% beneficial owners are, in fact, affiliates of the registrant. The number of shares of ClearOne common stock outstanding as of March 31, 2026 was 2,675,412. Documents Incorporated by Reference:None CLEARONE, INC. Annual Report on Form 10-K For the year endedDecember 31, 2025 Table of ContentsPagePART I2Item 1.Business2Item 1A.Risk Factors3Item 1B.Unresolved Staff Comments8Item 1C.Cybersecurity9Item 2.Properties9Item 3.Legal Proceedings9Item 4.Mine Safety Disclosures9PART II10Item 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities10Item 6.Reserved10Item 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations10Item 7A.Quantitative and Qualitative Disclosures about Market Risk14Item 8.Financial Statements and Supplementary Data14Item 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure14Item 9A.Controls and Proc