Circuit Research Labs, Inc. (CRLI) Stock Analysis
Educational signal · not a buy or sell recommendation · How to read this
DELISTED
What happened to Circuit Research Labs, Inc. (CRLI) stock?
Circuit Research Labs, Inc. (CRLI) no longer trades on public markets. The figures below are historical and are not a current quote.
P/E 0.01 means the share price is 0.01 times one year of earnings per share; the S&P 500 usually sits near 20-25.
For informational purposes only. Not financial advice. Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Mar 18, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief. Data sources: Financial Modeling Prep, Yahoo Finance, SEC EDGAR
Circuit Research Labs, Inc. (CRLI). Circuit Research Labs, Inc. specializes in audio processing and transmission equipment for the broadcast industry. Founded in 1974, the company offers solutions for radio, television, cable, and internet audio markets. Sector: Technology.
Last analyzed: Mar 18, 2026Analyst Coverage for CRLI: CRLI does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates CRLI against Technology peers across nine fundamental dimensions and assigns a neutral fundamental signal based on the underlying data.
CRLI: 1/2 scored disciplines lean bullish. Dominant signal: Seth Klarman bullish.
How is this calculated? →AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Circuit Research Labs, Inc. (CRLI) Technology Profile & Competitive Position
Circuit Research Labs, Inc. provides audio processing and transmission solutions for the broadcast industry, focusing on radio, television, cable, and internet audio markets. With a history dating back to 1974, the company offers specialized equipment for audio quality control and signal processing, operating through a network of wholesale distributors and dealers.
What Is the Investment Thesis for CRLI?
Circuit Research Labs, Inc. operates in a niche market providing essential audio processing equipment to the broadcast industry. The company's gross margin of 55.2% indicates a strong ability to manage production costs. However, the company's small market capitalization and OTC listing present liquidity and transparency challenges. With a P/E ratio of 0.01 and a profit margin of 0.8%, CRLI's financial performance warrants careful consideration. Upcoming growth catalysts include potential expansion into emerging markets and new product development. Investors should weigh these opportunities against the risks associated with OTC-listed companies and the competitive landscape.
Based on FMP financials and quantitative analysis
CRLI Key Highlights
Gross margin of 55.2% indicates efficient cost management in its product manufacturing.
- P/E ratio of 0.01 suggests the company may be undervalued relative to its earnings.
- Profit margin of 0.8% reflects a need for improved operational efficiency and profitability.
- The company operates in the communication equipment industry, providing specialized audio solutions.
- Beta of -88.31 indicates an inverse correlation with the market, which may offer diversification benefits.
Who Are CRLI's Competitors?
CRLI is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | MoonshotScore |
|---|---|---|---|---|
| EZEN Ezenia!, Inc. | $3300.00 | 0.00% | — | |
| MITQ Moving iMage Technologies, Inc. | $0.60 | +1.73% | $5.96M | 385-pillar |
| FIEE FIEE | $4.01 | -4.52% | $31.8M | 405-pillar |
| BOSC B.O.S. Better Online Solutions Ltd. | $4.66 | +0.22% | $32.9M | 795-pillar |
| CMTL Comtech Telecommunications Corp. | $1.46 | -4.58% | $43.7M | 355-pillar |
| MOB Mobilicom Ltd. | $4.92 | -1.01% | $58.9M | — |
| AIRG Airgain, Inc. | $5.37 | +1.70% | $68.1M | 315-pillar |
| INSG Inseego Corp. | $4.28 | -0.47% | $69.7M | — |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are CRLI's Key Strengths?
Specialized in audio processing and transmission equipment.
- Long-standing presence in the industry.
- Established distribution network.
- Expertise in broadcast audio solutions.
What Are CRLI's Weaknesses?
Small market capitalization.
- Limited financial resources.
- Dependence on wholesale distributors.
- OTC market listing may limit investor interest.
What Could Drive CRLI Stock Higher?
Potential expansion into emerging markets to increase sales.
- New product development focused on digital audio broadcasting (DAB) and internet radio.
- Strategic partnerships with complementary technology providers to enhance product offerings.
- Focus on internet radio solutions tailored to online broadcasting.
- Enhanced customer support and training programs to improve customer satisfaction.
What Are the Key Risks for CRLI?
Financial-distress signal — its Altman Z-Score of 0.55 sits in the distress zone (elevated bankruptcy risk).
- Competition from larger communication equipment companies.
- Technological obsolescence affecting product demand.
- Economic downturns impacting the broadcast industry.
- Changes in broadcasting regulations.
- Limited financial resources and small market capitalization.
What Are the Growth Opportunities for CRLI?
- Expansion into Emerging Markets: CRLI can leverage the growing broadcast infrastructure in emerging markets to increase its sales. These regions often require upgrades to their audio processing and transmission equipment, presenting a significant opportunity for CRLI to introduce its products. By establishing partnerships with local distributors and participating in regional trade shows, CRLI can effectively penetrate these markets and capture a share of the expanding demand. This expansion could potentially increase revenue by 15-20% over the next three years.
- New Product Development: Investing in research and development to create innovative audio processing solutions can drive growth. Focusing on technologies such as digital audio broadcasting (DAB) and internet radio can position CRLI at the forefront of industry advancements. Developing products that cater to these emerging trends can attract new customers and increase market share. The market for advanced audio processing equipment is projected to grow by 8-10% annually, providing a favorable environment for CRLI's innovation efforts.
- Strategic Partnerships: Forming alliances with complementary technology providers can enhance CRLI's product offerings and market reach. Partnering with companies specializing in video transmission or content management systems can create integrated solutions that appeal to a broader customer base. These partnerships can also provide access to new distribution channels and geographic markets. Strategic alliances can potentially increase revenue by 10-15% within the next two years.
- Focus on Internet Radio Solutions: With the increasing popularity of internet radio, CRLI can develop specialized equipment and software solutions tailored to this market. This includes audio encoding, streaming, and processing tools optimized for online broadcasting. By targeting internet radio stations and content providers, CRLI can tap into a growing segment of the audio market. The internet radio market is expected to grow by 12-15% annually, offering a significant opportunity for CRLI to expand its revenue streams.
- Enhance Customer Support and Training: Providing comprehensive customer support and training programs can improve customer satisfaction and loyalty. Offering online tutorials, webinars, and on-site training sessions can help customers maximize the value of CRLI's products. This can lead to repeat business and positive word-of-mouth referrals. Investing in customer support can also differentiate CRLI from its competitors and create a competitive advantage. Improved customer satisfaction can potentially increase customer retention rates by 5-10%.
What Are CRLI's Competitive Advantages?
- Specialized product offerings tailored to the broadcast industry.
- Long-standing presence in the market since 1974.
- Established network of wholesale distributors and dealers.
- Expertise in audio processing and transmission technologies.
What Does CRLI Do?
Founded in 1974 and headquartered in Tempe, Arizona, Circuit Research Labs, Inc. (CRLI) develops, manufactures, and markets electronic audio processing, transmission encoding, and noise reduction equipment. The company serves the radio, television, cable, Internet, and professional audio markets globally. CRLI's products are designed to control the audio quality and range of radio, television, cable, and Internet audio reception. These products also enable radio and television stations to broadcast in both mono and stereo formats. CRLI operates through a network of wholesale distributors and dealers, ensuring its products reach a wide range of customers in the broadcasting and professional audio sectors. With a market capitalization of $0.00 billion, CRLI maintains a focused approach on delivering specialized audio solutions. The company's long-standing presence in the industry reflects its commitment to providing essential equipment for audio processing and transmission needs. CRLI's products are integral to maintaining audio quality and signal integrity in various broadcasting applications.
What Products and Services Does CRLI Offer?
- Develops electronic audio processing equipment.
- Manufactures transmission encoding equipment.
- Markets noise reduction equipment.
- Provides solutions for radio broadcasting.
- Offers solutions for television broadcasting.
- Serves the cable and internet audio markets.
- Enables mono and stereo broadcasting.
How Does CRLI Make Money?
- Develops and manufactures audio processing equipment.
- Sells products through wholesale distributors and dealers.
- Provides solutions for radio, television, cable, and internet audio markets.
What Industry Does CRLI Operate In?
Circuit Research Labs, Inc. operates within the communication equipment industry, which is characterized by technological advancements and evolving consumer demands. The industry includes companies that manufacture and distribute equipment for broadcasting, telecommunications, and data communication. CRLI's focus on audio processing and transmission equipment positions it within a specific niche of this broader market. The industry is influenced by trends such as the growth of digital broadcasting, the increasing demand for high-quality audio, and the adoption of new transmission technologies. Competition includes companies offering similar audio solutions, as well as larger players in the communication equipment sector.
Who Are CRLI's Key Customers?
- Radio stations
- Television stations
- Cable networks
- Internet broadcasters
- Professional audio markets
Research confidence
Thin evidence — scoring coverage unknown. Treat this as a starting point, not a conclusion.
- ● Scoring coverage unknown
- ● Price 5 days old
- ● No filing on record
- ● No analyst coverage
MoonshotScore History
Recorded daily since 2026-08-23 · 4 snapshots
| 2026-08-23 | 49 |
| 2026-08-24 | 49 |
| 2026-08-25 | 49 |
| 2026-08-26 | 49 |
What changed?
The score has stayed at 49.
Over the same 3 days the stock moved +0.0%.
Company Profile
Circuit Research Labs, Inc. operates in the Communication Equipment industry within the Technology sector. It is headquartered in Tempe, US. The company is led by CEO Charles Jayson Brentlinger. CRLI has traded publicly since 1983.
Key Financial Metrics
Return on equity for Circuit Research Labs, Inc. stands at 4.5%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 1.0%, showing how much profit it generates from its asset base. CRLI trades at a trailing price-to-earnings ratio of 0.01, below the Technology sector average of ~32.70x. A current ratio of 1.02 indicates the company holds enough short-term assets to cover its near-term obligations.
Financial Health
Circuit Research Labs, Inc.'s Piotroski F-Score is 6/9, a 9-point checklist of profitability, leverage and efficiency — a middling fundamental profile. Its Altman Z-Score of 0.55 places it in the distress zone, a signal of elevated financial risk.
CRLI Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis
Bull Case vs Bear Case
Bull Case
- Specialized in audio processing and transmission equipment.
- Long-standing presence in the industry.
- Established distribution network.
- Expertise in broadcast audio solutions.
Bear Case
- Small market capitalization.
- Limited financial resources.
- Dependence on wholesale distributors.
- OTC market listing may limit investor interest.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
CRLI Latest News
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Stocks That Hit 52-Week Lows On Friday
· Nov 29, 2019
Leadership: Charles Jayson Brentlinger
Managing Director
Charles Jayson Brentlinger serves as the Managing Director of Circuit Research Labs, Inc. His leadership guides the company's operations and strategic direction. With experience in managing teams and overseeing the development, manufacturing, and marketing of electronic audio processing equipment, Brentlinger plays a crucial role in maintaining CRLI's position in the broadcast industry. His expertise in audio technology and market trends ensures that CRLI remains competitive and responsive to customer needs.
Track Record: Under Charles Jayson Brentlinger's leadership, Circuit Research Labs, Inc. has continued to provide specialized audio solutions to the radio, television, cable, and internet audio markets. His focus on maintaining product quality and customer satisfaction has helped the company sustain its presence in a competitive industry. Brentlinger's strategic decisions have ensured that CRLI adapts to evolving technological advancements and market demands.
CRLI OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that Circuit Research Labs, Inc. may not meet the minimum financial standards required for higher tiers like OTCQB or OTCQX. Companies in this tier often have limited reporting requirements and may not be subject to the same level of regulatory scrutiny as those listed on major exchanges like the NYSE or NASDAQ. This tier typically includes companies with higher risk profiles due to limited information availability and potential for speculative trading.
- OTC Tier: OTC Other
- Limited financial disclosure and transparency.
- Lower trading volume and liquidity.
- Potential for price volatility.
- Higher risk of fraud or manipulation.
- Limited regulatory oversight.
- Verify the company's legal standing and registration.
- Review available financial statements and disclosures.
- Assess the company's business model and competitive position.
- Research the background and experience of the management team.
- Evaluate the company's compliance with regulatory requirements.
- Monitor trading volume and price activity.
- Consult with a qualified financial advisor.
- Long-standing presence in the industry since 1974.
- Specialized product offerings tailored to the broadcast industry.
- Established network of wholesale distributors and dealers.
- Positive customer reviews or testimonials (if available).
- Active participation in industry events and trade shows.
CRLI Technology Stock FAQ
What happened to Circuit Research Labs, Inc. (CRLI) stock?
Circuit Research Labs, Inc. (CRLI) no longer trades on public markets. The figures below are historical and are not a current quote.
Can I still buy CRLI shares?
No. CRLI stopped trading on public markets, so the shares are not available through a broker. Anything you see quoted for CRLI elsewhere is historical data, not a live market.
Are the figures on this page current?
No. Every number here is the last value recorded before CRLI stopped trading. Nothing on this page updates, and none of it is a current quote.
Why does this page still exist?
Because people still search for what happened to Circuit Research Labs, Inc.. An archived profile that states the delisting plainly is more useful than a dead link — provided it is labelled as history, which is what this page does.
What does Circuit Research Labs, Inc. do?
Circuit Research Labs, Inc. specializes in developing, manufacturing, and marketing electronic audio processing, transmission encoding, and noise reduction equipment. The company's products are primarily used in the radio, television, cable, Internet, and professional audio markets worldwide. CRLI's equipment helps control audio quality and range, enabling radio and television stations to broadcast in mono and stereo.
What do analysts say about CRLI stock?
As of 2026-03-18, there is no available analyst coverage for Circuit Research Labs, Inc. due to its OTC listing and small market capitalization.
What are the main risks for CRLI?
The main risks for Circuit Research Labs, Inc. include competition from larger communication equipment companies, the potential for technological obsolescence, and economic downturns affecting the broadcast industry. Changes in broadcasting regulations could also impact CRLI's business.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- Limited information available for OTC-listed companies.
- Financial data may not be fully up-to-date.