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Clarus Reports Record First Quarter 2021 Results and Raises Full-Year Outlook

First Quarter 2021 Financial Summary vs. Same Year‐Ago Quarter Sales increased 41% to $75.3 million. Gross margin improved 130 basis points to 35.9%; adjusted gross margin up 180 basis points to 36.4%. Net income improved significantly to $5.7 million, or $0.17 per diluted share, compared to $0.04 million, or $0.00 per diluted share. Free cash flow (net cash provided by operating activities less capital expenditures) was $(3.9) million compared to $2.2 million. Management Commentary “We…