CLAR earnings analysis
What we found in CLAR's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Clarus Corporation reported Q1 2026 revenue of $61.9 million, slightly exceeding estimates. Gross margin improved to 36.8%, driven by better product mix and volumes, yet earnings suffered a loss of $(0.09) per share, worse than the $(0.01) expected loss. Management revised revenue guidance lower to $245 million to $255 million from a previous range of $255 million to $265 million, indicating ongoing challenges in the company's operations and legal costs.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Exceeds Estimates
- Total revenue for Q1 2026 was $61.9 million, surpassing the estimate of $61.2 million.
- Gross Margin Improvement
- Gross margin increased to 36.8%, up from 34.4% in Q1 2025.
- Reduced Operating Loss
- Operating loss improved to $(6.068) million from $(6.762) million year-over-year.
- Lowered Revenue Guidance
- Management cut the 2026 revenue guidance to $245M-$255M from $255M-$265M.
- Segment Growth in Adventure and Outdoor
- Adventure and Outdoor segments grew by $1,249K and $1,646K respectively, compared to prior year.
- Reduction in Legal and Restructuring Costs
- Restructuring charges decreased to $853k from $173k in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revised Financial Guidance
- Revenue guidance was revised downward to $245M-$255M from a previous forecast of $255M-$265M.
- Ongoing Legal Expenses
- Legal costs increased to $1,379K in Q1 2026, up from $625K in Q1 2025, related to ongoing regulatory matters.
- Net Loss Increases
- Net loss for Q1 2026 was $(3.295) million compared to a loss of $(5.244) million in Q1 2025.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $-0.09
- Gross margin
- 36.8%
- Segment
- Adventure
- Segment
- Outdoor
What they said about what is next.
Management expects revenue in the range of $245M-$255M for 2026, down from its previous guidance.
The filing reads worse than the one before it.
What came before.
- 10-K · March 5, 2026
- Clarus positions itself as a portfolio owner of iconic outdoor and adventure brands (Black Diamond, Rhino‑Rack, MAXTRAX, TRED, RockyMounts) focused on product innovation, international expansion and portfolio…
- 10-Q · May 8, 2025
- Clarus reported Q1 sales of $60,433,000, down $8,878,000 (−12.8%) versus Q1 2024, with gross profit of $20,794,000 (34.4% gross margin) and an operating loss of $6,762,000 (−11.2% operating margin). The company recorded…
- 10-Q · May 2, 2024
- Net income and EPS were boosted by the sale of the Precision Sport segment: Clarus reported net income of $21,884,000 and diluted EPS of $0.57 for the quarter, driven by proceeds of $175,674,000 and a pre-tax gain on…
- 10-K · March 7, 2024
- Clarus positions itself as a portfolio owner of premium outdoor and overlanding brands (Black Diamond, Rhino‑Rack, MAXTRAX, TRED) focused on product innovation and international expansion. The company completed the sale…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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