Clarus(US:CLAR)2025-05-08 20:17Financial 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]