NASDAQ$CLAR
Clarus Corporation · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Clarus reported financial results, experiencing challenges due to macroeconomic headwinds but showing resilience in certain segments and a focus on liquidity improvement.
Clarus Corporation reported a decrease in sales for Q4 2022 compared to the same period last year, with sales of $104.2 million. The company faced challenges due to macroeconomic headwinds, but saw growth in Precision Sports and certain international markets. They focused on expense reductions, free cash flow generation, and debt reduction, generating $30 million in free cash flow during the quarter. Net loss was $81.6 million, or $(2.20) per diluted share, including a non-cash impairment charge of $92.3 million.
- Sales were $104.2 million, compared to $118.2 million in the same year-ago quarter.
- Precision Sport sales increased 10%, while Adventure segment sales decreased due to lower consumer demand.
- Net loss was $81.6 million, including a non-cash impairment charge of $92.3 million in the Adventure segment.
- Adjusted EBITDA was $10.6 million, compared to $20.0 million in the same year-ago quarter.
Headline financials
Revenue & EPS history
Clarus · Revenue · Quarterly
$104M
Revenue by segment
Clarus · $73.8M total across 2 segments · Q4 2022
- Outdoor$55.3M-15.1%74.9%
- Adventure$18.5M-27.5%25.1%
Forward guidance
The Company expects fiscal year 2023 sales of approximately $420 million and adjusted EBITDA of approximately $60 million, or an adjusted EBITDA margin of 14.3%.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q4 2022
-1.3%
Avg return
Earnings day
-2.3%
Avg return
5 days after
-2.4%
Avg return
30 days after
40%
26 / 65 earnings
Positive
+31.9%
Q4 2014
Best reaction
-25.9%
Q3 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.7% | -10.5% | -2.7% | |
| Q4 2025 | -3.5% | -1.6% | -13.2% | |
| Q3 2025 | +12.6% | +6.2% | +8.0% | |
| Q1 2025 | -7.7% | -7.7% | -3.4% | |
| Q4 2024 | +4.0% | -7.0% | -15.3% | |
| Q3 2024 | -8.7% | -8.9% | -2.9% | |
| Q2 2024 | -17.7% | -25.8% | -28.6% | |
| Q1 2024 | +15.1% | +6.6% | +10.2% | |
| Q4 2023 | +17.2% | +15.9% | +17.5% | |
| Q3 2023 | -12.2% | -14.2% | +4.3% | |
| Q2 2023 | +5.8% | +6.5% | -20.5% | |
| Q1 2023 | -7.3% | -12.1% | -15.0% | |
| Q4 2022 | +0.0% | -0.1% | -9.2% | |
| Q3 2022 | -25.9% | -19.3% | -32.0% | |
| Q2 2022 | +1.4% | -0.4% | -26.4% | |
| Q1 2022 | -14.1% | -1.9% | -10.6% | |
| Q4 2021 | -1.8% | +6.0% | -0.5% | |
| Q3 2021 | -2.5% | -4.5% | -8.8% | |
| Q2 2021 | +5.2% | +1.6% | -2.6% | |
| Q1 2021 | +8.6% | +8.7% | +30.3% | |
| Q4 2020 | +0.6% | -0.1% | -2.0% | |
| Q3 2020 | -7.2% | -10.6% | -15.2% | |
| Q2 2020 | -2.3% | +0.6% | +0.8% | |
| Q1 2020 | -10.8% | -9.9% | +12.4% | |
| Q4 2019 | -5.2% | -12.2% | -19.0% | |
| Q3 2019 | -6.4% | -4.1% | -1.3% | |
| Q2 2019 | -17.9% | -21.5% | -19.7% | |
| Q1 2019 | +5.4% | -0.3% | -4.5% | |
| Q4 2018 | -4.0% | -5.7% | +2.3% | |
| Q3 2018 | +9.3% | +12.5% | +4.3% | |
| Q2 2018 | +2.2% | +4.3% | +10.3% | |
| Q1 2018 | +0.0% | -0.7% | +2.1% | |
| Q4 2017 | +3.7% | +1.5% | +0.0% | |
| Q3 2017 | +2.8% | +4.3% | +9.2% | |
| Q2 2017 | -0.7% | -6.3% | +1.4% | |
| Q1 2017 | +6.3% | +9.3% | +17.6% | |
| Q4 2016 | -2.7% | -5.4% | -7.1% | |
| Q3 2016 | +6.1% | +13.3% | +25.5% | |
| Q2 2016 | -1.4% | +3.3% | +9.3% | |
| Q1 2016 | -4.0% | — | — | |
| Q4 2015 | -3.5% | — | — | |
| Q3 2015 | -25.9% | — | — | |
| Q2 2015 | -13.4% | — | — | |
| Q1 2015 | +8.4% | — | — | |
| Q4 2014 | +31.9% | — | — | |
| Q3 2014 | +6.5% | — | — | |
| Q2 2014 | -6.8% | — | — | |
| Q1 2014 | -2.8% | — | — | |
| Q4 2013 | +8.1% | — | — | |
| Q3 2013 | -13.3% | — | — | |
| Q2 2013 | -1.2% | — | — | |
| Q1 2013 | -9.0% | — | — | |
| Q4 2012 | +10.2% | — | — | |
| Q3 2012 | -8.8% | — | — | |
| Q2 2012 | -11.2% | — | — | |
| Q1 2011 | +4.4% | — | — | |
| Q1 2012 | +1.7% | — | — | |
| Q4 2011 | +0.7% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q3 2010 | -2.1% | — | — | |
| Q3 2011 | -2.1% | — | — | |
| Q4 2010 | -5.2% | — | — | |
| Q2 2010 | -5.2% | — | — | |
| Q2 2011 | -5.2% | — | — | |
| Q1 2010 | +16.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro