30 unchanged sentences
ITEM 1 - BUSINESS
+Added: On January 16, 2023, we introduced UNITE 260 Pro camera, a professional grade 4 K Ultra HD camera featuring both a 20 X optical zoom and 16 X digital zoom that allows users to capture every participant in all meeting, training, and learning environments it is deployed in.
+Added: Compatible with all popular meeting applications like Microsoft® Teams, Zoom™, WebEx™, and Google® Meet™, the new camera features an AI-based smart face tracking mode that keeps a selected presenter in the frame as they move about the room.
+Added: Alternatively, the camera’s AI-based auto framing mode always keeps an entire group in perfect view.
+Added: With dual video outputs HDMI and IP, the UNITE 260 Pro Camera is an excellent choice for a hybrid environment:
+Added: streaming content while simultaneously showing it live where the presentation is occurring.
AV Networking
2 unchanged sentences
This leverages many of the advantages of using TCP/IP over traditional analog systems and other centrally controlled IP-based systems.
−Removed: VIEW Pro products are powered by ClearOne’s patented StreamNet ® technology.
−Removed: A user can activate and control a single audio source or combination of audio sources, video sources, security systems, HVAC systems, lighting, and other room or facility monitoring functions such as paging or security access by just a single touch to its attractive touch screens.
−Removed: Alternatively, any PC, laptop, tablet, or other device with a built-in web browser can control the equipment connected to the system.
−Removed: VIEW Pro systems have no limits on the numbers of sources, displays, or amplifiers in a project and can be used in venues from high-end residential homes to large-scale commercial projects.
−Removed: The number of devices could be determined by the network bandwidth availability, number of media streams and its bandwidth requirements.
−Removed: Transporting an audio or video signal via IP (Internet Protocol) packets preserves the digital quality of the signal across the network.
−Removed: Unlike analog systems, which lose quality over long distances, IP packets are decoded to retain the same digital quality as when they were encoded.
−Removed: The addition of Digital Encoder and Digital Decoder products with DVI/HDMI input and output enhances the flexibility of the complete AV distribution system and makes it as easy to use as analog devices.
−Removed: The VIEW Pro solution provides 1080p60, H.264 high definition HDMI video-audio, 4:4:4 true-color, 24 bit per pixel video output.
−Removed: It comes with a dual input encoder, single input encoder and single output decoder with balanced audio, general purpose control ports and clock synchronized video output.
−Removed: The VIEW Pro system also provides PANORAMA TM , a multi-view video composition and video-wall software application using its built-in video processing engine, without using external expensive hardware video processors.
−Removed: This continues to be truly differentiated in the professional market by offering complete AV streaming and distribution systems that can scale to fulfill projects of any size and complexity, from light commercial to the very largest environments.
−Removed: VIEW Pro products include E110 and E120 encoders and D110, D210 and D310 decoders.
−Removed: The VIEW Pro solution also comes with multiple features including audio mixing, video composition, video wall, multicast RTSP and local playback.
−Removed: VIEW CONSOLE software gives integrators a comprehensive platform from which to configure, manage, monitor, and control VIEW Pro system installation using an easy, modern interface.
−Removed: The toolset, which incorporates advanced software technologies, works across ClearOne’s full line of VIEW Pro products.
−Removed: The VIEW Lite series includes an encoder, a decoder and a controller, that provide essential functionality that meets the full needs of simple AV over IP applications while simultaneously delivering superb price-to-performance value.
PROFESSIONAL AUDIO AND VIDEO HOME OFFICE SOLUTIONS
During November 2020, we introduced Aura™, a comprehensive range of Good, Better and Best packages of enterprise quality audio, video, audio-video options to meet the home office market demand for professional audio and video collaboration solutions that match the quality found in a traditional corporate office.
−Removed: The COVID 19 pandemic brought long lasting changes to the workplace.
−Removed: Home has become the new office for tens of millions of professionals who now need a work environment every bit as productive as their corporate office.
−Removed: Aura was developed to deliver that much-needed enterprise quality experience in the home.
−Removed: For homeowners, prospective homebuyers, builders, architects and designers, the purpose-built home office is rapidly replacing the home theater in importance.
−Removed: Aura solutions are designed for high performance professionals across multiple industries.
−Removed: Aura meets this growing need for easy to purchase and install commercial quality solutions that deliver HDConference® audio and true-to-life video technology through a variety of professional microphone, audioconferencing, videoconferencing, camera and collaboration component choices that optimize home office acoustic and aesthetic aspirations.
−Removed: Aura solutions are designed to be easily installed by both homeowners and installers.
With the post-pandemic demand for work from home and learn from home markets plateauing, we have decided to deemphasize the Aura product line and continue our focus on our core product lines and our key channels including the professional audiovisual channel.
48 unchanged sentences
Our primary competitors in the USB-based speakerphones market are Jabra, Logitech, Poly, Sennheiser, Yamaha and Yealink and any OEM partners.
−Removed: In the tabletop conference phones, we face significant competition from Avaya/ Konftel , Poly, Yamaha and Yealink, and from any OEM partnerships.
−Removed: A significant portion of the tabletop market is covered by sales through OEM partnerships.
−Removed: In the microphones market, our primary competitors include AKG, Audio Technica, Audix, Avlex/Mipro, Beyerdynamic, Biamp, Clock Audio, Lectrosonics, Nureva, Mediavision/Taiden, Poly, Phoenix Audio, Sennheiser, Shure, TeachLogic, TOA, Yamaha and Vaddio and any OEM partners.
−Removed: Our video conferencing products face tremendous competition from well established players as well as emerging players, including Acano/CISCO, Adobe Connect, Amazon Chime, Avaya (Radvision), Aver, Barco, Blackboard Collaborate, Blue Jeans, Cisco, Citrix, Fuze, Huawei, InFocus, Kramer, LifeSize, Magor, Pexip, Poly, Microsoft, Starleaf, UNIFY, Videxio, Vidyo, Yealink, Zoom and ZTE.
−Removed: Our AV networking products face intense competition from a few well-established corporations of diversified capabilities and strengths, including Atlona , Aurora Multimedia, Barco, Biamp, Crestron, Extron, Gefen, Haivision , Hall Research, Harman, Infocus (Jupiter), Key Digital, Kramer, Liberty AV, Magenta Research, Matrox, Mediasite , Ncast , RGB Spectrum, voLANte , Teracue , tvONE , VBrick , Visionary Solutions, WyreStorm and ZeeVee .
−Removed: We believe that our software based patented technology delivers superior audio and video streaming performance and flexibility and provides us with a competitive edge over other industry players.
+Added: In the microphones market, our primary competitors include AKG, Audio Technica, Audix, Avlex/Mipro, Beyerdynamic, Biamp, Clock Audio, Lectrosonics, Nureva, Mediavision/Taiden, Poly, Sennheiser, Shure, TeachLogic, TOA, Yamaha and Vaddio and any OEM partners.
+Added: Our video conferencing products face tremendous competition from well established players as well as emerging players, including Acano/CISCO, Adobe Connect, Amazon Chime, Avaya (Radvision), Aver, Barco, Blackboard Collaborate, Cisco, Citrix, Fuze, Huawei, InFocus, Kramer, LifeSize, Magor, Pexip, Poly, Microsoft, Starleaf, UNIFY, Vidyo, Yealink, Zoom and ZTE.
ITEM 1 - BUSINESS
2 unchanged sentences
Most of the components that our EMS providers require for manufacturing our products are readily available from a number of sources .
−Removed: During 2020 and after, we witnessed a significant tightening of the electronics market with demand for electronic products especially for semiconductors which include memories and processors, far exceeding the supply along with surging inflation that caused price increases and longer fulfillment cycles.
+Added: During 2020 and 2021, we witnessed a significant tightening of the electronics market with demand for electronic products especially for semiconductors which include memories and processors, far exceeding the supply along with surging inflation that caused price increases and longer fulfillment cycles.
COVID- 19 completely disrupted the entire supply chain and extended the already lengthy fulfillment cycles.
−Removed: Continued tariff wars between USA and China created more uncertainty with respect to pricing and consequently affected the supply chain.
−Removed: Extended lead times for component purchases and component cost increases persisted throughout 2021.
−Removed: Lead times shortened for many components in 2022, and although component costs moderated somewhat in 2022 compared to 2021, several component suppliers have made cost increases permanent.
+Added: Continuing tariff wars between USA and China has created more uncertainty with respect to pricing and has consequently affected the supply chain.
+Added: During 2023, we experienced a revenue decline partially due to our inability to source adequate inventory to meet the demand for professional audio products and BMA due to the transition of manufacturing of our products from China to Singapore by our electronics manufacturing services provider .
+Added: The challenges with the manufacturing transition from China to Singapore was successfully resolved in the fourth quarter of 2023 .
+Added: Extended lead times for component purchases and component cost increases persisted throughout 2021 and 2022.
+Added: Lead times shortened for many components in 2023, and although component costs moderated somewhat in 2022 and 2023 compared to 2021 , several component suppliers have made cost increases permanent.
We continually work with our EMS providers to seek alternative sources for all our components and raw material requirements to ensure higher quality and better pricing.
25 unchanged sentences
In addition, t he Company was involved in patent infringement lawsuits against Shure Inc .
−Removed: See Note 8 – Commitments and Contingencies – Legal Proceedings – Intellectual Property Litigation for a discussion of these legal proceedings.
+Added: See Note 8– Commit ments and Contingencies – Legal Proceedings – Intellectual Property Litigation for a discussion of these legal proceedings.
We are dependent on our intellectual property.
124 unchanged sentences
Currently, we have no second source of manufacturing for a large portion of our products.
−Removed: Switching from one EMS provider to another or switching from one location of manufacturing to another location similar to our current transition from China to Singapore, is an expensive, difficult and a time-consuming process, with serious risks to our ability to successfully transfer our manufacturing operations.
−Removed: Our operations, and consequently our revenues and profitability, were impacted materially in 2021 and 2022 due to switching of manufacturing from one location to another and we expect this adverse condition to continue at least through the first half of 2023.
−Removed: Our operations, and consequently our revenues and profitability could be materially adversely affected in the future if we are forced to switch from any of our EMS providers to another EMS provider due to any of a number of factors, including financial difficulties faced by the manufacturer, disagreements in pricing negotiations between us and the manufacturer or organizational changes in the manufacturer.
+Added: Switching from one EMS provider to another or switching from one location of manufacturing to another location similar to our recent transition from China to Singapore, is an expensive, difficult and a time-consuming process, with serious risks to our ability to successfully transfer our manufacturing operations.
+Added: Our operations, and consequently our revenues and profitability, were impacted materially in 2021 , 2022 and 2023 due to switching of manufacturing from one location to another.
+Added: Our operations, and consequently our revenues and profitability could be materially adversely affected in the future if we are forced to switch from any of our EMS providers to another EMS provider due to any number of factors, including financial difficulties faced by the manufacturer, disagreements in pricing negotiations between us and the manufacturer or organizational changes in the manufacturer.
If our EMS providers experience disruptions in their operations, it is uncertain whether we would be able to source the essential commodities, supplies, materials, and skilled labor timely or at all without incurring significant costs or delays, particularly during times of economic uncertainty resulting from events outside of our control, including, but not limited to, effects of COVID- 19 .
4 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.