secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001104659-24-056451
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus Q1 loss from continuing ops widens to $6.5M; Adventure sales up 27%
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- Sales $69.3M vs $70.3M YoY; gross margin 35.9% (adj. 36.9%).
- Loss from continuing ops $6.5M ($0.17/sh) vs $2.0M loss; adj. EBITDA $2.0M vs $1.1M.
- Adventure segment sales +27% to $22.3M on OEM strength; Outdoor sales -11% to $47.0M.
- Repaid $135M debt, terminated credit agreement; cash $47.5M, debt $0.1M.
- Reaffirmed FY2024 guidance: sales $270-280M, adj. EBITDA $16-18M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465924056451/0001104659-24-056451-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465924056451/tm2413369d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-056451

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