other material
confidence medium
sentiment negative
materiality 0.50
Clarus investor day presentation shows 2023 continuing ops losses; Precision Sport sale closed Feb 29
Clarus Corp
- Precision Sport segment sold for $175M, closed Feb 29, 2024; gain expected in Q1 2024.
- Q4 2023 continuing ops revenue $76.5M, operating loss $10.1M, adjusted EBITDA -$3.5M.
- Full-year 2023 continuing ops revenue $286.0M; adjusted EBITDA $1.2M.
- Rhino-Rack and Black Diamond segments highlighted as core growth drivers.
- Presentation refiled to fix typo; no change in financial data.