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Clarus Reports Fourth Quarter and Full Year 2022 Results

Fourth Quarter 2022 Financial Summary vs. Q4 2021 For Clarus Corporation Sales of $104.2 million compared to $118.2 million. Gross margin was 34.6% compared to 36.1%. Net loss of $81.6 million, or $(2.20) per diluted share, compared to net income of $14.0 million, or $0.36 per diluted share. Net loss in Q4 2022 included a non-cash impairment charge of $92.3 million in the Adventure segment. Adjusted net income before non‐cash items of $7.3 million, or $0.20 per diluted share, compared to…

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