Clarus Corp Files 2023 Annual Report on Form 10-K

TL;DR

<b>Clarus Corp has filed its 2023 10-K report, detailing financial data and corporate history.</b>

AI Summary

Clarus Corp (CLAR) filed a Annual Report (10-K) with the SEC on March 7, 2024. Clarus Corp filed its 10-K report for the fiscal year ending December 31, 2023. The company was formerly known as Black Diamond, Inc. and SQL FINANCIALS INTERNATIONAL INC /DE/. The filing includes data related to common stock, treasury stock, retained earnings, and additional paid-in capital. Specific dates for stock-related activities and authorizations are provided for the fiscal years 2020-2023. The report references US GAAP standards for goodwill, intangible assets, and other nonoperating income/expense.

Why It Matters

For investors and stakeholders tracking Clarus Corp, this filing contains several important signals. This 10-K filing provides a comprehensive overview of Clarus Corp's financial position and performance for the fiscal year 2023, crucial for investors assessing the company's health. The historical company name changes and references to US GAAP standards offer context for understanding the company's evolution and accounting practices.

Risk Assessment

Risk Level: low — Clarus Corp shows low risk based on this filing. The filing is a standard 10-K report, which is a routine disclosure for public companies and does not inherently contain new, high-risk information.

Analyst Insight

Review the detailed financial statements and footnotes within the 10-K to understand Clarus Corp's performance and any potential risks or opportunities.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period)
• 2024-03-07 — Filed As Of Date (Date of filing)
• 001-34767 — SEC File Number (Clarus Corp's SEC file number)
• 0000913277 — Central Index Key (Clarus Corp's Central Index Key)

Key Players & Entities

• Clarus Corp (company) — Filer name
• Black Diamond, Inc. (company) — Former company name
• SQL FINANCIALS INTERNATIONAL INC /DE/ (company) — Former company name
• 2023-12-31 (date) — Fiscal year end
• 2024-03-07 (date) — Filed as of date
• SALT LAKE CITY (location) — Business address city
• UT (location) — Business address state
• 801-278-5552 (phone) — Business phone

FAQ

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K filing.
• 2024-03-07: Filing Date — Date the 10-K report was officially filed with the SEC.

Glossary

10-K

An annual report required by the U.S. Securities and Exchange Commission (SEC), which gives a comprehensive summary of a company's financial performance. (This is the primary document type filed, containing detailed financial and operational information for the fiscal year.)

US GAAP

Generally Accepted Accounting Principles in the United States. (The filing adheres to these standards for financial reporting, ensuring consistency and comparability.)

Key Financial Figures

• $9.14 — approximately $ 280.4 million based on $9.14 per share, the closing price of the com
• $0 — 6,268 shares of common stock, par value $0.0001, outstanding. DOCUMENT INCORPORAT
• $37,871,000 — received net proceeds of approximately $37,871,000 in cash, after payment of certain fees

Filing Documents

• clar-20231231x10k.htm (10-K) — 3400KB
• clar-20231231xex19d1.htm (EX-19.1) — 57KB
• clar-20231231xex21d1.htm (EX-21.1) — 23KB
• clar-20231231xex23d1.htm (EX-23.1) — 4KB
• clar-20231231xex31d1.htm (EX-31.1) — 10KB
• clar-20231231xex31d2.htm (EX-31.2) — 12KB
• clar-20231231xex32d1.htm (EX-32.1) — 7KB
• clar-20231231xex32d2.htm (EX-32.2) — 8KB
• clar-20231231xex97d1.htm (EX-97.1) — 41KB
• clar-20231231x10k001.jpg (GRAPHIC) — 3KB
• clar-20231231x10k002.jpg (GRAPHIC) — 4KB
• clar-20231231x10k003.jpg (GRAPHIC) — 4KB
• clar-20231231x10k004.jpg (GRAPHIC) — 5KB
• clar-20231231x10k005.jpg (GRAPHIC) — 4KB
• clar-20231231x10k006.jpg (GRAPHIC) — 2KB
• clar-20231231x10k007.jpg (GRAPHIC) — 50KB
• clar-20231231xex19d1001.jpg (GRAPHIC) — 8KB
• 0001558370-24-002739.txt (&nbsp;) — 16505KB
• clar-20231231.xsd (EX-101.SCH) — 86KB
• clar-20231231_cal.xml (EX-101.CAL) — 127KB
• clar-20231231_def.xml (EX-101.DEF) — 376KB
• clar-20231231_lab.xml (EX-101.LAB) — 736KB
• clar-20231231_pre.xml (EX-101.PRE) — 680KB
• clar-20231231x10k_htm.xml (XML) — 3631KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 13 Item 1B. Unresolved Staff Comments 31 Item 1C. Cybersecurity 32 Item 2.

Properties

Properties 33 Item 3.

Legal Proceedings

Legal Proceedings 34 Item 4. Mine Safety Disclosures 35 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 36 Item 6. [Reserved] 37 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 38 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 52 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 54 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 98 Item 9A.

Controls and Procedures

Controls and Procedures 98 Item 9B. Other Information 100 Item 9C. Disclosure Regarding Foreign Jurisdiction that Prevent Inspections 100 PART III Item 10. Directors, Executive Officers and Corporate Governance 100 Item 11.

Executive Compensation

Executive Compensation 100 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 100 Item 13. Certain Relationships and Related Transactions, and Director Independence 100 Item 14. Principal Accounting Fees and Services 100 PART IV Item 15. Exhibits and Financial Statement Schedules 101 Item 16. Form 10-K Summary 102 Signature Page 103 Table of Contents PART I

BUSINESS

ITEM 1. BUSINESS Overview Headquartered in Salt Lake City, Utah, Clarus Corporation (which may be referred to 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 users alike. The Company's products are principally sold globally under the Black Diamond, Rhino-Rack, MAXTRAX and TRED Outdoors brand names through outdoor specialty and online retailers, our own websites, distributors and original equipment manufacturers. We believe that our portfolio of iconic brands is well-positioned for sustainable, long-term growth underpinned by industry trends across the outdoor and adventure sport end markets. Our iconic brands are rooted in performance-defining technologies that enable our customers to have their best days outdoors. We have a long history of technical innovation and product development, backed by an extensive patent portfolio that continues to evolve and advance our markets. We focus on enhancing our customers' performance in the most critical moments. Our commitment to quality, rigorous safety, and ultimately best-in-class design is evidenced by outstanding industry recognition, as we have received numerous product awards across our portfolio of brands. Each of our brands represents a unique customer value proposition. Supported by six decades of proven innovation, Black Diamond is an established global leader in high-performance, activity-based climbing, skiing, and technical mountain sports equipment. The brand is synonymous with premium performance, safety and reliability. Our previously owned Sierra and Barnes brands have been leading specialty manufacturers of bullets and ammunition for over 50 years. Since 1947, Sierra has been dedicated to manufacturing the highest-quality, most accurate bullets

View Full Filing

View this 10-K filing on SEC EDGAR