Thu, Mar 6, 9:53 PM (45 days ago)
**Clarus Corporation (CLAR) Summary:** For the fiscal year ending December 31, 2024, Clarus Corporation reported total sales of $264,315, a decrease of 7.6% compared to $286,020 in 2023. The decline was primarily driven by reduced sales in both the Outdoor and Adventure segments. Gross profit fell to $92,619 with a gross margin of 35.0%. Operating expenses surged to $162,998, influenced by significant impairments of goodwill ($36,264) and indefinite-lived intangible assets ($8,545), leading to an operating loss of $70,379. The net loss for the year was $52,287, impacted by legal costs related to ongoing CPSC investigations. The company completed the sale of its Precision Sport segment, generating $175,674 in cash, which was used to pay off debt. Clarus ended the year with cash of $45,359, significantly up from $11,324 in 2023. Future outlook remains cautious due to ongoing litigation risks and potential penalties from regulatory bodies. The company’s strategic focus includes enhancing brand presence and pursuing acquisitions, although it faces challenges in consumer demand and market conditions. Overall, Clarus's financial condition reflects ongoing restructuring efforts and a commitment to long-term growth amidst significant operational challenges.