secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2021-11-08T23:59:59+00:00
Accession:  0001104659-21-135654
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus Q3 sales record $109M (+69% YoY), raised FY21 guidance: sales $362.5M, adj EBITDA $57M
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- Q3 sales record $109.0M (+69% YoY); adjusted gross margin 38.8% (+520 bps); adj EBITDA $19.2M record (+111%).
- Net income $4.5M ($0.13/diluted) vs $1.2M ($0.04); adjusted net income $0.50/diluted vs $0.30.
- Raised FY2021 outlook: sales ~$362.5M (+62% YoY), adj EBITDA ~$57M (+155% YoY), vs prior $350M/$52M.
- Closed public offering of 3.16M shares at $27.00, gross proceeds $85.4M; intends to repay ~$65M revolver.
- Pro forma net debt leverage <2.0x expected after repayment; NOL carryforwards ~$120M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465921135654/0001104659-21-135654-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465921135654/tm2132208d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-21-135654

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