Clarus posts $15.8M full-year continuing ops loss in 2023; sells Precision Sport for $175M

Clarus Corp

Sale of Precision Sport segment closed Feb 29, 2024 for $175M; expected gain in Q1 2024.
Q4 2023 continuing ops: sales $76.5M, operating loss $10.1M, net loss $7.2M ($0.19 diluted EPS).
Full year 2023 continuing ops: sales $286.0M, operating loss $21.1M, net loss $15.8M.
Adjusted EBITDA for continuing ops was $1.0M in Q1, $0.6M in Q2, $3.1M in Q3, and -$3.5M in Q4.

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