secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2023-02-27T23:59:59+00:00
Accession:  0001104659-23-026013
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus reports Q4 net loss of $81.6M on $104.2M sales; 2023 sales guidance ~$420M
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- Q4 sales $104.2M vs $118.2M YoY; net loss $81.6M ($2.20 loss per share) includes $92.3M non-cash impairment in Adventure segment.
- Adjusted EBITDA Q4 $10.6M (10.2% margin) vs $20.0M (16.9%) YoY; full year adjusted EBITDA $63.0M (14.1% margin) vs $61.5M (16.4%).
- Full year 2022 sales record $448.1M (+19% YoY); net loss $69.8M ($1.88 loss per share) includes same impairment.
- 2023 outlook: sales ~$420M, adjusted EBITDA ~$60M (14.3% margin), capex $7-8M, free cash flow $35-40M.
- Precision Sport segment Q4 sales up 10% to $30.3M; Outdoor segment sales down to $55.3M due to North American destocking.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465923026013/0001104659-23-026013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465923026013/tm237937d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-026013

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