ClearOne Q2 FY26 net loss from continuing operations narrows to $919,000; general and administrative expense falls 22% to $849,000
CLRO•Cash position
Cash, cash equivalents and restricted cash totaled $522,000 at June 30, including $75,000 unrestricted and $447,000 restricted.
Q2 FY26 results
ClearOne posted a GAAP net loss from continuing operations of $919,000 in Q2 2026, narrowing 24% year over year.
General and administrative expense fell 22% to $849,000, reflecting a smaller corporate footprint after the asset sale, partly offset by merger-related fees.
Merger agreement and financing
The company entered a merger agreement on July 1 with Cortigent in a deal expected to be a reverse recapitalization, subject to financing.
ClearOne also filed an S-1 for a best-efforts offering to raise $10 million to $15 million at $3.50 per unit, tied to the merger.
