Financial Performance - Q2 2025 - Revenue decreased by 2% year-over-year to $55.2 million[16, 24] - Adjusted EBITDA was $(2.1) million, compared to $(1.9) million in Q2 2024[16, 24] - Adjusted Gross Margin decreased by 90 BPS year-over-year to 36.5%[16, 24] - Net loss was $(8.434) million, or $(0.22) per share[29] Segment Performance - Q2 2025 - Adventure Revenue decreased to $18.6 million[16] - Outdoor Revenue increased by 1% year-over-year to $36.7 million[16] Financial Position - The company had $28.5 million in cash on the balance sheet as of June 30, 2025[14] - Total current assets were $175.927 thousand as of June 30, 2025[27] Financial Performance - YTD 2025 - Total sales decreased to $115.680 million from $125.795 million[31] - Net loss was $(13.678) million, or $(0.36) per share[31]

Financial Performance - Clarus' Q1 2025 revenue was $60.4 million, a 13% decrease year-over-year compared to $69.3 million in Q1 2024[16, 24] - The adjusted gross margin was 34.6% in Q1 2025, down 230 basis points from 36.9% in Q1 2024[16, 24] - Clarus reported an adjusted EBITDA loss of $0.8 million in Q1 2025, compared to an adjusted EBITDA of $2.0 million in Q1 2024[16, 24] - The adjusted EBITDA margin was (1.3)% in Q1 2025, compared to 2.9% in Q1 2024[24] Segment Performance - Adventure segment revenue was $16.1 million, a 6% decrease year-over-year[16] - Outdoor segment revenue was $44.3 million, a 16% decrease year-over-year[16] - Outdoor segment adjusted EBITDA was $1.7 million[16] - Adventure segment adjusted EBITDA was $(0.2) million[16] Balance Sheet - Clarus had $41.3 million in cash on the balance sheet as of March 31, 2025[14] Strategic Focus - The company is positioned for long-term sustainable growth, focusing on simplifying and focusing on the core for Black Diamond and investing to scale for Adventure[14]