Clarus Corp. Files Q2 2024 10-Q, Details Equity Changes

TL;DR

Clarus Corp Q2 10-Q filed. Equity accounts updated. Check financials.

AI Summary

Clarus Corp. filed its 10-Q for the period ending June 30, 2024. The filing details financial information for the quarter and year-to-date. Specific financial statement line items like "TreasuryStockCommonMember" and "CommonStockMember" are referenced with their respective periods, indicating changes in equity accounts. The company's principal executive offices are located at 2084 East 3900 South, Salt Lake City, UT.

Why It Matters

This filing provides investors with a detailed look at Clarus Corp.'s financial health and equity structure for the second quarter of 2024, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags or significant new risks disclosed.

Key Players & Entities

• Clarus Corp. (company) — Filer of the 10-Q
• 20240630 (date) — End of the reporting period
• 20240801 (date) — Filing date
• 2084 EAST 3900 SOUTH (address) — Company's business and mailing address
• SALT LAKE CITY, UT (address) — Company's business and mailing city and state
• Black Diamond, Inc. (company) — Former company name
• SQL FINANCIALS INTERNATIONAL INC /DE/ (company) — Former company name

FAQ

Key Financial Figures

• $0 — 2,162 shares of common stock, par value $0.0001, outstanding. Table of Contents

Filing Documents

• clar-20240630x10q.htm (10-Q) — 2248KB
• clar-20240630xex31d1.htm (EX-31.1) — 9KB
• clar-20240630xex31d2.htm (EX-31.2) — 10KB
• clar-20240630xex32d1.htm (EX-32.1) — 7KB
• clar-20240630xex32d2.htm (EX-32.2) — 7KB
• 0001558370-24-010612.txt ( ) — 10699KB
• clar-20240630.xsd (EX-101.SCH) — 61KB
• clar-20240630_cal.xml (EX-101.CAL) — 94KB
• clar-20240630_def.xml (EX-101.DEF) — 280KB
• clar-20240630_lab.xml (EX-101.LAB) — 506KB
• clar-20240630_pre.xml (EX-101.PRE) — 461KB
• clar-20240630x10q_htm.xml (XML) — 2328KB

Financial Statements (Unaudited)

Financial Statements (Unaudited) 3 Condensed Consolidated Balance Sheets – June 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Comprehensive Loss – Three months ended June 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income (Loss) – Six months ended June 30, 2024 and 2023 5 Condensed Consolidated Statements of Cash Flows – Six months ended June 30, 2024 and 2023 6 Condensed Consolidated Statements of Stockholders' Equity – Three and six months ended June 30, 2024 and 2023 7 Notes to Condensed Consolidated Financial Statements 8 Item 2.

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

Management's Discussion and Analysis of Financial Condition and Results of Operations 30 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.

Controls and Procedures

Controls and Procedures 41 PART II OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 42 Item 1A.

Risk Factors

Risk Factors 43 Item 5. Other information 43 Item 6. Exhibits 44 Signature Page 45 2 Table of Contents

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS CLARUS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) (In thousands, except per share amounts) June 30, 2024 December 31, 2023 Assets Current assets Cash $ 46,221 $ 11,324 Accounts receivable, less allowance for credit losses of $ 1,566 and $ 1,412 43,721 53,971 Inventories 91,456 91,409 Prepaid and other current assets 6,018 4,865 Income tax receivable 1,371 892 Assets held for sale - 137,284 Total current assets 188,787 299,745 Property and equipment, net 17,029 16,587 Other intangible assets, net 35,779 41,466 Indefinite-lived intangible assets 57,694 58,527 Goodwill 38,834 39,320 Deferred income taxes 17,199 22,869 Other long-term assets 14,078 16,824 Total assets $ 369,400 $ 495,338 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 9,533 $ 20,015 Accrued liabilities 23,358 24,580 Income tax payable - 805 Current portion of long-term debt - 119,790 Liabilities held for sale - 5,744 Total current liabilities 32,891 170,934 Deferred income taxes 16,697 18,124 Other long-term liabilities 12,529 14,160 Total liabilities 62,117 203,218 Stockholders' Equity Preferred stock, $ 0.0001 par value per share; 5,000 shares authorized; none issued - - Common stock, $ 0.0001 par value per share; 100,000 shares authorized; 42,940 and 42,761 issued and 38,298 and 38,149 outstanding, respectively 4 4 Additional paid in capital 694,194 691,198 Accumulated deficit ( 336,261 ) ( 350,739 ) Treasury stock, at cost ( 33,114 ) ( 32,929 ) Accumulated other comprehensive loss ( 17,540 ) ( 15,414 ) Total stockholders' equity 307,283 292,120 Total liabilities and stockholders' equity $ 369,400 $ 495,338 See accompanying notes to condensed consolidated financial statements. 3 Table of Contents

View Full Filing

View this 10-Q filing on SEC EDGAR