secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2024-11-08T23:59:59+00:00
Accession:  0001104659-24-115392
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus Q3 sales fall 17.5% to $67.1M; lowers FY2024 adjusted EBITDA guidance to ~$8M midpoint
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- Sales $67.1M, down from $81.3M YoY; net loss $3.2M ($0.08/share) vs loss $1.3M ($0.03/share).
- Outdoor segment sales $49.3M (-19% YoY); Adventure segment $17.8M (-11.9% YoY).
- Adjusted EBITDA from continuing ops $2.4M (3.6% margin), down from $3.6M (4.5%).
- FY2024 guidance: sales $260-266M, adj. EBITDA ~$7-9M (margin ~3.0% at midpoint).
- Cash $36.4M, total debt $0; free cash outflow $9.4M in Q3 vs outflow $1.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465924115392/0001104659-24-115392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465924115392/tm2427855d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-115392

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