Clarus Reports Third Quarter 2023 Results
SALT LAKE CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the third quarter ended September 30, 2023.
- SALT LAKE CITY, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Clarus Corporation (NASDAQ: CLAR) (“Clarus” and/or the “Company”), a global company focused on the outdoor and consumer enthusiast markets, reported financial results for the third quarter ended September 30, 2023.
- Capital expenditures in the third quarter of 2023 were $1.2 million compared to $2.1 million in the prior year quarter.
- Free cash flow for the third quarter of 2023 improved to $(1.1) million compared to $(13.6) million in the prior year quarter, mainly driven by reductions to inventory.
- The Company will hold a conference call today at 5:00 p.m. Eastern time to discuss its third quarter 2023 results.