{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-031919","form_type":"8-K","ticker":"CLAR","cik":"0000913277","company_name":"Clarus Corp","filed_at":"2024-03-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:27.267448+00:00","generated_at":"2026-06-05T02:16:12.657595+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Clarus reports Q4 loss, completes Precision Sport sale, debt-free with $40M+ cash; guides 2024 sales $270-280M","bullets":["Q4 2023 sales $76.5M (+4% YoY); gross margin 28.9% vs 37.2%; adjusted EBITDA -$3.5M vs +$3.6M; adjusted EPS -$0.07 vs +$0.11.","Precision Sport sale closed Feb 29 for $175M; proceeds repaid all $135M debt; company now debt-free with over $40M cash.","FY2023 sales $286.0M (-9.3% YoY); adjusted EBITDA $1.2M vs $17.6M; adjusted loss per share $0.04 vs income $0.24.","2024 guidance: sales $270-280M, adjusted EBITDA $16-18M, free cash flow $18-20M.","Adventure segment Q4 revenue up 43% to $26.4M; Outdoor segment down 9% to $50.1M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-031919","json":"https://secwatch.observer/filing/0001104659-24-031919.json","markdown":"https://secwatch.observer/filing/0001104659-24-031919.md","text":"https://secwatch.observer/filing/0001104659-24-031919.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/0001104659-24-031919-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/tm248231d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T02:16:12.657595+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":"a5f81a6f591047b72461eca64bd8f7a7b7b01d63","claim":"Clarus Corp reported the fourth quarter ended December 31, 2023 results: revenue $76.5 million, net income Loss from continuing operations of $7.2 million, EPS $(0.19) per diluted share. Guidance initiated.","evidence_excerpt":"Fourth Quarter 2023 Financial Summary vs. Same Year - Ago Quarter (adjusted to reflect the reclassification of the Precision Sport segment as discontinued operations) · Sales of $76.5 million compared to $73.8 million. · Gross margin was 28.9% compared to 37.2%. · Loss from continuing operations of $7.2 million, or $(0.19) per diluted share, compared to loss from continuing operations of $83.3 million, or $(2.25) per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/0001104659-24-031919-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$76.5 million"},{"label":"Net income","value":"Loss from continuing operations of $7.2 million"},{"label":"EPS","value":"$(0.19) per diluted share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fabb9f99b100d92082cf49f4e12441508296f3cf","claim":"Clarus Corp reported the full year ended December 31, 2023 results: revenue $286.0 million, net income Loss from continuing operations of $15.8 million, EPS $(0.42) per diluted share. Guidance initiated.","evidence_excerpt":"2023 Financial Summary vs. 2022 (adjusted to reflect the reclassification of the Precision Sport segment as discontinued operations) · Sales of $286.0 million compared to $315.3 million. · Gross margin was 34.1% compared to 34.9%; adjusted gross margin was 34.1% compared to 35.0%. · Loss from continuing operations of $15.8 million, or $(0.42) per diluted share, compared to loss from continuing operations of $92.8 million, or $(2.49) per diluted share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/0001104659-24-031919-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2023"},{"label":"Revenue","value":"$286.0 million"},{"label":"Net income","value":"Loss from continuing operations of $15.8 million"},{"label":"EPS","value":"$(0.42) per diluted share"},{"label":"Guidance","value":"initiated"},{"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"}