Clarus Q2 sales fall 2% to $56.5M, net loss $5.5M; cuts EBITDA guidance, reviews PIEPS

Clarus Corp

2024-Q2 EPS reported $0.43 revenue$125,795,000

Q2 sales $56.5M (-2% YoY); net loss $5.5M ($0.14) vs $2.1M loss ($0.06) prior year.
Adjusted EBITDA from continuing ops -$1.9M (margin -3.4%) vs $1.0M (1.7%) last year.
Adventure segment sales +13.6% to $20.3M; Outdoor segment sales $36.2M (-10% YoY).
FY2024 sales guidance reaffirmed $270-280M; adjusted EBITDA guidance lowered to $11-14M.
Strategic review initiated for PIEPS snow safety brand; cash $46.2M, zero debt.

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