Clarus Corp 2025年度季度报告

Securities registered pursuant to Section12(b)of the Act: Indicate by check mark whether the registrant: (1)has filed all reports required to be filed bySection13 or 15(d)of the Securities Exchange Act of 1934 during the preceding 12months (or forsuch shorter period that the registrant was required to file such reports), and (2)has been subject to Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data Filerequired to be submitted pursuant to Rule405 of Regulation S-T (§232.405 of this chapter) during the Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of“large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth If an emerging growth company, indicate by check mark if the registrant has elected not to use theextended transition period for complying with any new or revised financial accounting standards Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the As of May 1, 2025, there were38,401,824shares of common stock, par value $0.0001, outstanding. INDEX CLARUS CORPORATION Page PARTIFINANCIAL INFORMATION PARTII OTHER INFORMATION Item1.Legal ProceedingsItem1A.Risk FactorsItem5.Other informationItem6.ExhibitsSignature Page PARTI. FINANCIAL INFORMATION CLARUS CORPORATIONCONDENSED CONSOLIDATED BALANCE SHEETS CLARUS CORPORATIONCONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE (LOSS) INCOME CLARUS CORPORATIONNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) NOTE1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTINGPOLICIES The accompanying unaudited condensed consolidated financial statements of Clarus Corporation andits subsidiaries (which may be collectively referred to as the “Company,” “Clarus,” “we,” “us” or“our”) as of March 31, 2025 and December31, 2024 and for the three months ended March 31, 2025and 2024, have been prepared in accordance with generally accepted accounting principles in theUnited States of America (“GAAP”), instructions to the Quarterly Report on Form10-Q, andArticle10 of Regulation S-X. Accordingly, they do not include all of the information and notesrequired by GAAP for complete financial statements. In the opinion of management, all adjustments(consisting only of normal recurring adjustments, except otherwise disclosed) necessary for a fair Nature of Business Headquartered in Salt Lake City, Utah, we are a global leading designer, developer, manufacturer anddistributorof best-in-class outdoor equipment and lifestyle products focused on the outdoorenthusiast markets. Each of our brands has a long history of continuous product innovation for coreand everyday users alike. The Company’s products are principally sold globally under the BlackDiamond®, Rhino-Rack®, MAXTRAX®, and TRED Outdoors® brand names through outdoor Use of Estimates The preparation of consolidated financial statements in accordance with GAAP requires managementto make estimates and assumptions that affect the reported amounts of assets and liabilities at the dateof the consolidated financial statements. Estimates also affect the reported amounts of revenue andexpenses during the reporting period. We continually evaluate our estimates and assumptions Recent Accounting Pronouncements Accounting Pronouncements issued and not yet adopted In December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740): Improvements toIncome Tax Disclosures, which requires a public entity to disclose in its rate reconciliation tableadditional categories of information about federal, state and foreign income taxes and provide moredetails about the reconciling items in some categories if items meet a quantitative threshold. Theguidance will require all entities to disclose income taxes paid, net of refunds, disaggregated byfederal (national), state and foreign taxes for annual periods and to disaggregate the information byjurisdiction based on a quantitative threshold. The guidance makes several other changes to the Table of Contents CLARUS CORPORATION In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting ComprehensiveIncome-Expense Disaggregation Disclosures(Subtopic 220-40):Disaggregation of IncomeStatement Expenses, which requires a public entity to disclose, in the notes to the financialstatements, specified information about certain costs and expenses on an annual and interim basis.The guidance will require all entities to disclose the amounts of purchases of inventory, employeecompensation, depreciation, and intangible asset amortization included in each relevant expensecaption. The guidance also requires disclosure of a qualitative description of the amounts remainingin relevant expense captions that are not separately disaggregated quantitatively, as well as disclosur