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Stock impact report

Clarus Corp (CLAR) Navigates Macroeconomic Headwinds, Positions for Future Growth [Yahoo! Finance]

Clarus Corporation (CLAR) 
NASDAQ:AMEX Investor Relations: claruscorp.com
Company Research Source: Yahoo! Finance
Net Loss : Net loss for the year was $10.1 million, with a loss from continuing operations of $15.8 million. Gross Margin : Gross margin for 2023 was 34.1%, slightly down from 34.9% in 2022. Adjusted EBITDA : Adjusted EBITDA for 2023 stood at $1.2 million, a significant decrease from $17.6 million in 2022. Free Cash Flow : Free cash flow for the year ended December 31, 2023, was $26.2 million, an improvement from $6.4 million in the previous year. Debt Position : The sale of the Precision Sport segment allowed Clarus to retire all outstanding debt, emerging with a debt-free balance sheet. 2024 Outlook : Clarus anticipates 2024 sales to be between $270 million to $280 million with an adjusted EBITDA of approximately $16 million to $18 million. Warning! GuruFocus has detected 4 Warning Signs with CLAR. On March 7, 2024, Clarus Corp ( NASDAQ:CLAR ) released its 8-K filing , detailing the financial results for the fourth quarter and the full year ended December 31, 2023. Th Show less Read more
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