secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001104659-23-115239
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus Q3 sales down 13% to $100.1M; net loss of $1.3M; FY2023 guidance lowered
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- Sales $100.1M (-13.5% YoY); gross margin 35.5% (+140 bps).
- Net loss $1.3M ($0.03 loss/share) vs net income $2.8M ($0.07) last year.
- Adjusted EBITDA $9.9M (9.9% margin) vs $15.1M (13.0%); Precision Sport sales down 45%.
- FY2023 outlook lowered: sales $364–368M, adj. EBITDA $33–35M.
- Acquired TRED Outdoors on Oct 9 for cash, stock, future consideration; net debt leverage 3.3x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465923115239/0001104659-23-115239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465923115239/tm2330065d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-115239

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