---
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"
generated_at: "2026-06-05T02:16:12.657595+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Clarus reports Q4 loss, completes Precision Sport sale, debt-free with $40M+ cash; guides 2024 sales $270-280M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-031919
- JSON: https://secwatch.observer/filing/0001104659-24-031919.json
- Plain text: https://secwatch.observer/filing/0001104659-24-031919.txt

## Key facts
- Earnings Releases
  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.
  - Period: the fourth quarter ended December 31, 2023
  - Revenue: $76.5 million
  - Net income: Loss from continuing operations of $7.2 million
  - EPS: $(0.19) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/0001104659-24-031919-index.htm
- Earnings Releases
  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.
  - Period: the full year ended December 31, 2023
  - Revenue: $286.0 million
  - Net income: Loss from continuing operations of $15.8 million
  - EPS: $(0.42) per diluted share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/913277/000110465924031919/0001104659-24-031919-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.