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Stock impact report

Clarus Reports Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]

Clarus Corporation (CLAR) 
NASDAQ:AMEX Investor Relations: claruscorp.com
Company Research Source: Yahoo! Finance
Positioning Company for Growth and Profitability in and Beyond as a Pure-Play Outdoor Business SALT LAKE CITY, March 07, 2024 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor enthusiast markets, reported financial results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter Financial Summary vs. Same Year - Ago Quarter (adjusted to reflect the reclassification of the Precision Sport segment as discontinued operations) Sales of $76.5 million compared to $73.8 million. Gross margin was 28.9% compared to 37.2%. Loss from continuing operations of $7.2 million, or $(0.19) per diluted share, compared to loss from continuing operations of $83.3 million, or $(2.25) per diluted share. Loss from continuing operations in Q4 2022 included a non-cash impairment charge of $92.3 million in the Adventure segment. Adjusted loss from continuing operations of $2.8 million, or $(0.07) per di Show less Read more
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