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    Jay Harris

    Research Analyst at Axiom Capital

    Jay Harris is President of the Goldsmith&Harris Division at Axiom Capital Management, overseeing strategic leadership in investment banking and institutional equity services. He is based in New York and brings extensive experience in executive roles, having led the Goldsmith&Harris division following its integration with Axiom Capital. With a longstanding track record within the financial services industry, Harris is recognized for his expertise in corporate finance and capital markets tailored to institutional clients. His professional background includes decades of senior leadership, though specific licensure and performance metrics are not publicly disclosed.

    Jay Harris's questions to CLEARONE (CLRO) leadership

    Jay Harris's questions to CLEARONE (CLRO) leadership • Q2 2017

    Question

    Jay Harris of Axiom Capital requested a detailed breakdown of the primary drivers of cash burn during the first six months of the year, asking for specific dollar amounts.

    Answer

    VP of Finance Narsi Narayanan explained that the cash reduction was primarily due to shareholder-friendly actions and inventory investment. He specified that in Q2, the company spent $2.1 million on share repurchases, over $1 million on dividends in the first half, and invested over $4.5 million in additional inventory, with litigation expenses also contributing.

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