FORM 12b-25

If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:

 

Part I - Registrant Information

CLEARONE COMMUNICATIONS INC

Full Name of Registrant

 

Former Name if Applicable

5225 WILEY POST WAY, SUITE 500

Address of Principal Executive Office (Street and Number)

SALT LAKE CITY, UT 84116

City, State and Zip Code

Part II - Rules 12b-25(b) and (c)

If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed.(Check box if appropriate.)

Part III - Narrative

State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.

ClearOne Communications Inc. (the “Company”) is unable to file its annual report on Form 10-K for the fiscal year ended June 30, 2009 (the “Form 10-K”) by the prescribed filing deadline of September 28, 2009 without unreasonable effort and expense. The Company discovered an error in estimating deferred revenue and associated costs for the fiscal years beginning 2004 through 2008, explained more in detail in its Form 8-K/A filed on September 9, 2009. The Company is planning to amend the annual report filed in Form 10-K for the fiscal year ended June 30, 2008 to correct the error and restate the financial statements for the affected years. The Company has expended considerable resources and time to amend Form 10-K for year ended June 30, 2008 and requires additional time to file the Form 10-K for the year ended June 30, 2009. The Company expects to file the Form 10-K for the year ended June 30, 2009 as soon as practicable and no later than 15th calendar day following the prescribed due date.

Part IV - Other Information

1. Name and telephone number of person to contact in regard to this notification

   NARSI NARAYANAN	801	975-7200
   (Name)	(Area Code)	(Telephone Number)

2. Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed?

   Yes

   √

   No

   If answer is no, identify report(s).

    

3. Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof?

   Yes

   √

   No

   If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.

   The Company expects to report a net income for fiscal year 2009 of approximately $1.5 million on revenues of approximately $35.7 million, as compared to a net income for fiscal year 2008 of $5.3 million (restated) on revenues of $38.8 million (restated). The decrease in net income is primarily due to reduction in revenues due to slow down in the economy and due to $3.5 million increase in tax expense. While the Company does not expect the results for fiscal year 2009 to materially differ from those reported above, since the Company has not completed the audit for either fiscal year 2009 or completed the restatement for fiscal year 2008, the audited results ultimately reported in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2009 may differ from those reported above.