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Headquartered in Salt Lake City, Utah, Clarus Corporation (which may be referred to herein as the Company, Clarus, we, our or us ) is a global leading designer, developer, manufacturer and distributor of best-in-class outdoor equipment and lifestyle products focused on the outdoor enthusiast markets. Each of our brands has a long history of continuous product innovation for core and everyday us…
The business is unprofitable at the operating level (-23.83% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 5.2% YoY. The question is whether this is cyclical or a structural shift.
ROIC dropped from -13.91% to -20.49%, capital efficiency is deteriorating. Negative free cash flow of -$10M. The business is consuming cash, not generating it.
Profitability & Returns
Revenue (TTM)
$252M
▼ -5.2% YoY
Net Income (TTM)
-$45M
▲ +11.0% YoY
Op. Margin
-23.41%
▲ +2.8pp YoY
ROIC
-20.72%
▼ -6.6pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
-$12M
▲ +29.4% YoY
Op. Cash Flow (TTM)
-$7M
▲ +35.0% YoY
Net Debt
-$18M
Net Cash Position
Cash & Equiv.
$30M
5Y CAGR: +2.3%
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