{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-054374","form_type":"8-K","ticker":"CLAR","cik":"0000913277","company_name":"Clarus Corp","filed_at":"2023-05-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.779284+00:00","generated_at":"2026-06-16T05:55:12.445997+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Clarus Q1 2023 sales down 14% YoY to $97.4M; adj. EPS $0.18 vs $0.37","bullets":["Net income $1.6M ($0.04 diluted EPS) vs $5.3M ($0.13) a year ago.","Adjusted net income $6.9M ($0.18 diluted) vs $14.8M ($0.37); Adjusted EBITDA $9.6M (9.9% margin) vs $19.7M (17.4%).","Outdoor segment sales +2% to $52.8M; Precision Sport fell to $27.1M; Adventure dropped to $17.5M from $28.6M.","FY 2023 outlook reaffirmed: sales ~$420M, adj. EBITDA ~$60M (14.3% margin), FCF $35-40M.","Operating cash flow improved to $3.2M from ($10.8M); net debt leverage 2.4x vs 2.0x."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-054374","json":"https://secwatch.observer/filing/0001104659-23-054374.json","markdown":"https://secwatch.observer/filing/0001104659-23-054374.md","text":"https://secwatch.observer/filing/0001104659-23-054374.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/0001104659-23-054374-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/tm2314283d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T05:55:12.445997+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"cc4f6152d367c25196a3957835fc1ee89091066e","claim":"Clarus Corp reported the first quarter ended March 31, 2023 results: revenue $97.4 million, net income $1.6 million, or $0.04 per diluted share. Guidance reaffirmed.","evidence_excerpt":"and consumer enthusiast markets, reported financial results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Summary vs. Same Year-Ago Quarter · Sales of $97.4 million compared to $113.3 million. · Gross margin was 37.0% compared to 39.1%. · Net income of $1.6 million, or $0.04 per diluted share, compared to $5.3 million, or $0.13 per diluted","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/913277/000110465923054374/0001104659-23-054374-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2023"},{"label":"Revenue","value":"$97.4 million"},{"label":"Net income","value":"$1.6 million, or $0.04 per diluted share"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}