CLARHIGH SIGNALFINANCIAL10-K

CLAR experienced severe financial distress with revenue collapsing 71.6% to just $228K while burning through $8.7M in cash amid major asset divestitures.

The company is in significant financial distress, generating minimal revenue while maintaining high operating losses and interest expenses, suggesting potential liquidity concerns. The sale of both the Precision Sport segment and PIEPS business indicates management is divesting assets, likely to raise cash and streamline operations during this challenging period.

Comparing 2026-03-05 vs 2025-03-06View on EDGAR →
FINANCIAL ANALYSIS

CLAR's financial position deteriorated substantially with revenue plummeting 71.6% to just $228K while operating losses remained massive at $59.7M and interest expenses increased 21.1% to $3.6M. The company burned through $8.7M in cash (declining 19.1% to $36.7M) while stockholders' equity fell 15.7% to $196.4M, reflecting the severe operational challenges. Although operating cash flow improved from -$7.3M to -$4.7M and capital expenditures were reduced, the overall picture signals a company in significant financial distress requiring urgent strategic action to preserve liquidity.

FINANCIAL STATEMENT CHANGES
Share Buybacks
Cash Flow
-77.3%
$185K→$42K

Buyback activity reduced 77.3% — capital being redeployed elsewhere or cash conservation underway.

Revenue
P&L
-71.6%
$804K→$228K

Revenue declined 71.6% — significant demand weakness or market share loss warrants investigation.

Operating Cash Flow
Cash Flow
+35%
-$7.3M→-$4.7M

Operating cash flow surged 35% — exceptional cash generation, highest quality earnings signal.

Capital Expenditure
Cash Flow
-23.4%
$6.7M→$5.2M

Capex reduced 23.4% — investment cycle winding down or capital discipline; may improve near-term free cash flow.

Interest Expense
P&L
+21.1%
$3.0M→$3.6M

Interest costs rose 21.1% — monitor debt levels and coverage ratio in rising rate environment.

Cash & Equivalents
Balance Sheet
-19.1%
$45.4M→$36.7M

Cash decreased 19.1% — monitor burn rate and upcoming capital needs.

Stockholders Equity
Balance Sheet
-15.7%
$233.1M→$196.4M

Equity decreased 15.7% — buybacks or losses reducing book value, monitor solvency ratios.

Total Assets
Balance Sheet
-15.3%
$294.1M→$249.0M

Total assets contracted 15.3% — asset sales, write-downs, or balance sheet optimization underway.

Operating Income
P&L
+15.2%
-$70.4M→-$59.7M

Operating income improving — cost discipline or growing revenue base absorbing fixed costs.

Total Liabilities
Balance Sheet
-13.7%
$61.0M→$52.6M

Liabilities reduced 13.7% — deleveraging improves balance sheet strength and financial flexibility.

LANGUAGE CHANGES
NEW — 2026-03-05
PRIOR — 2025-03-06
ADDED
As of March 2, 2026, there were 38,401,824 shares of common stock, par value $0.0001, outstanding.
Each of our segments addresses a unique customer value proposition through our brands.
Founded in 1993, our RockyMounts brand is known for making well designed and dependable premium bicycle racks and other accessories compatible with vehicles of all sizes.
On February 29, 2024, the Company completed the sale of all of the equity associated with the Company s Precision Sport segment, which was comprised of the Company s subsidiaries Sierra Bullets, L.L.C.
( Sierra ) and Barnes Bullets Mona, LLC ( Barnes ), pursuant to a Purchase and Sale Agreement dated as of December 29, 2023.
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REMOVED
As of March 3, 2025, there were 38,362,162 shares of common stock, par value $0.0001, outstanding.
Each of our segments address a unique customer value proposition through our brands.
On February 29, 2024, the Company and Everest/Sapphire Acquisition, LLC, its wholly-owned subsidiary, completed the sale to Bullseye Acquisitions, LLC, an affiliate of JDH Capital Company, of all of the equity associated with the Company s Precision Sport segment, which is comprised of the Company s subsidiaries Sierra Bullets, L.L.C.
( Sierra ) and Barnes Bullets Mona, LLC ( Barnes ), pursuant to a Purchase and Sale Agreement dated as of December 29, 2023, by and among, Bullseye Acquisitions, LLC, Everest/Sapphire Acquisition, LLC and the Company (the Precision Sport Purchase Agreement ).
Under the terms of the Precision Sport Purchase Agreement, the Company received net proceeds of approximately $37,871,000 in cash, after payment of certain fees and settlement of the Restated Credit Agreement (as defined below), for all of the equity associated with the Company s Precision Sport segment.
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