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Stock impact report

Clarus Reports Third Quarter 2017 Results and Raises Full-Year Outlook

Clarus Corporation (CLAR) 
NASDAQ:AMEX Investor Relations: claruscorp.com
Company Research Source: GlobeNewswire
SALT LAKE CITY, Nov. 06, 2017 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ:CLAR) (“Clarus” and/or the “Company”), a diversified holding company which seeks opportunities to acquire and grow businesses that can generate attractive shareholder returns, reported financial results for the third quarter ended September 30, 2017. Third Quarter 2017 Financial Summary vs. Same Year-Ago Quarter Sales of $45.8 million, up 16%.Gross margin up 210 basis points to 33.4%; adjusted gross margin up 300 basis points to 34.3%.Net loss was $1.6 million or $(0.05) per share, compared to a net loss of $0.4 million or $(0.01) per share.Adjusted net income before non-cash items increased 72% to $2.9 million or $0.10 per share, compared to $1.7 million or $0.06 per share.Adjusted EBITDA of $3.0 million, up 79%.          Third Quarter 2017 Financial Results Sales in the third quarter of 2017 increased 16% to $45.8 million compared to $39.4 million in the same year-ago quarter. The increase was Show less Read more
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