secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001104659-24-084924
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465924084924/0001104659-24-084924-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465924084924/tm2420679d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-084924

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