Business
Clarus Reports First Quarter 2025 Results
Continues to Execute Strategic Initiatives to Accelerate Long-Term Profitable Growth Promotes Industry Veteran Tripp Wyckoff to Lead Adventure Entered into Agreement to Divest PIEPS Snow Safety Brand for €7.8 Million SALT LAKE CITY, May 08, 2025 (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 first quarter ended March 31, 2025. First Quarter 2025 Financial Summary
About this update from Clarus Corporation
[{"type":"image","alt":"Clarus Corporation","displaySize":"","headline":null,"caption":"Clarus Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":150,"url":"https://media.zenfs.com/en/globenewswire.com/f008bbd238cbcdcaf7b6fb2eddf9ec33"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/j3l7AVOxp1MYivmboV4_FA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTIxMDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/f008bbd238cbcdcaf7b6fb2eddf9ec33","width":300,"height":150}},"lazy":false},{"type":"text","content":"Continues to Execute Strategic Initiatives to Accelerate Long-Term Profitable Growth","length":84,"tagName":"p"},{"type":"text","content":"Promotes Industry Veteran Tripp Wyckoff to Lead Adventure","length":57,"tagName":"p"},{"type":"text","content":"Entered into Agreement to Divest PIEPS Snow Safety Brand for €7.8 Million","length":73,"tagName":"p"},{"type":"text","content":"SALT LAKE CITY, May 08, 2025 (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 first quarter ended March 31, 2025.","length":246,"tagName":"p"},{"type":"text","content":"First Quarter 2025 Financial Summary vs. Same Year‐Ago Quarter","length":62,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sales of $60.4 million compared to $69.3 million.","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Gross margin was 34.4% compared to 35.9%; adjusted gross margin of 34.6% compared to 36.9%.","length":91,"tagName":"p"}]},{"val":[{"type":"text","content":"Net loss of $5.2 million, or $(0.14) per diluted share, compared to net income, which includes the impact of discontinued operations, of $21.9 million, or $0.57 per diluted share.","length":179,"tagName":"p"}]},{"val":[{"type":"text","content":"Loss from continuing operations of $5.2 million, or $(0.14) per diluted share, compared to loss from continuing operations of $6.5 million, or $(0.17) per diluted share.","length":169,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted loss from continuing operations of $(0.7) million, or $(0.02) per diluted share, compared to adjusted loss from continuing operations of $(0.1) million, or $(0.00) per diluted share.","length":191,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjus...