Clarus (CLAR) Tops Q4 EPS by 2c, Beats on Revenues; Offers FY19 Revenue Outlook Above Consensus

Clarus (NASDAQ: CLAR) reported Q4 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $52.68 million versus the consensus estimate of $49.33 million.

Fourth Quarter 2017 Financial Highlights vs. Same Year-Ago Quarter

• Sales of $52.7 million, up 27%.
• Gross margin up 350 basis points to 32.6%; adjusted gross margin up 670 basis points to 35.8%.
• Net income improved to $6.0 million or $0.20 per share, compared to a net loss of $1.4 million or $(0.05) per share.
• Adjusted net income before non-cash items increased to $4.6 million or $0.15 per share, compared to $0.4 million or $0.01 per share.
• Adjusted EBITDA improved to $5.1 million compared to $0.3 million.

2018 Outlook

Clarus anticipates fiscal year 2018 sales to grow 17%-20% to approximately $200-$205 million compared to $170.7 million in 2017. On a constant currency basis, the Company expects sales to range between $197.5 to $202.5 million, or up 16%-19% compared to 2017.

The Company also expects adjusted EBITDA margin to be approximately 8%, which includes $5 million of cash corporate overhead expenditures, compared to 3.6% in 2017.

GUIDANCE:

Clarus sees FY2018 revenue of $200-205 million, versus the consensus of $199.08 million.

For earnings history and earnings-related data on Clarus (CLAR) click here.

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