Clarus Corporation
3.4900+0.08 (+2.35%)
Oct 30, 1:08:46 PM EDT · NasdaqGS · CLAR · USD
Key Stats
Market Cap
134.02MP/E (TTM)
-Basic EPS (TTM)
-2.36Dividend Yield
0.03%Recent Filings
10-Q
Q2 FY2025 results
Clarus posted Q2 sales of $55.2M, down 2.2% y/y but up 3.5% q/q (derived), with gross margin slipping to 35.6% from 36.1% y/y amid lower Adventure volumes and promotional pricing, yet Outdoor saw a slight uptick from distributor timing shifts. Operating loss widened to $10.9M from $8.1M y/y, pressured by a $1.6M impairment on the PIEPS trademark ahead of its July sale for ~$9.1M, while SG&A dipped 4.2% on cost controls; net loss hit $8.4M or $(0.22) per diluted share, consistent with 38.4M shares. Cash fell to $28.5M from $45.4M year-start, with operating cash use at $11.5M and FCF at $(14.5M) over H1, debt minimal at $1.9M from the RockyMounts note due December 2025. The PIEPS divestiture streamlines focus on core brands. Regulatory scrutiny from the CPSC over avalanche beacons lingers as a key overhang.
8-K
Q2 sales dip, PIEPS sold
Clarus Corporation reported Q2 2025 sales of $55.2 million, down slightly from $56.5 million last year, with Outdoor up 1% to $36.7 million but Adventure down 8% to $18.6 million amid market softness. Gross margin dipped to 35.6% from 36.1%, yielding a net loss of $8.4 million; adjusted EBITDA fell to $(2.1) million. Post-quarter, they sold the PIEPS brand for $9.1 million to streamline Black Diamond operations. Yet challenges persist from tariffs and demand uncertainty.
8-K
Kanders stake approval
Clarus Corporation's board approved Executive Chairman Warren B. Kanders' request to boost his stake to 32.9% of outstanding shares, up from 17.9%, under the rights agreement, but only if achieved within 24 months and without exceeding that cap. This signals confidence in Kanders' alignment with shareholders, while the annual meeting saw two directors step down amicably and strong approval for the amended stock incentive plan slashing reserves to 7.5 million shares. Board stays steady. Ownership hikes like this can sharpen focus on value creation.
8-K
Clarus Q1 sales drop, PIEPS sale
Clarus Corporation reported Q1 2025 sales of $60.4 million, down 13% from $69.3 million, with adjusted EBITDA swinging to a $(0.8) million loss from $2.0 million profit amid outdoor market headwinds and Adventure segment weakness. The company appointed industry veteran Tripp Wyckoff as Adventure Managing Director, effective immediately, to drive U.S. and global growth, while entering a €7.8 million deal to divest the PIEPS snow safety brand by Q3 end, streamlining operations. Tariffs and demand uncertainty prompted withdrawal of full-year guidance. Leadership shakeup signals fresh momentum.
10-Q
Q1 FY2025 results
Clarus Corporation's Q1 FY2025 sales fell 12.8% y/y to $60.4M, with international revenue down 13.2% to $35.6M amid a stronger U.S. dollar, while domestic dipped 12.3% to $24.8M; gross margin slipped to 34.4% from 35.9% due to unfavorable product mix and lower volumes in Outdoor and Adventure segments. Operating loss held steady at $6.8M, but net loss from continuing operations narrowed to $5.2M or $(0.14) per diluted share on 38,366 shares, aided by lower SG&A and legal costs. Cash stood at $41.3M with minimal $1.9M debt from the December 2024 RockyMounts acquisition for $6.3M (cash/note/contingent), adding $2.7M goodwill; free cash flow used $3.3M (derived). The RockyMounts bolt-on bolsters Adventure's roof rack lineup. Yet regulatory scrutiny over avalanche beacons poses a lingering risk.
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