Clarus Corporation, parent of Black Diamond, Rocky Mounts, and Rhino-Rack, received a mention in an investor’s second-quarter 2025 investor letter, as the company’s stock posted a one-month return of 12.7 percent, while losing 34.1 percent of its value over the last 52 weeks.

Laughing Water Capital released its second-quarter letter, noting that Class A interests in the investment management company returned approximately 13.1 percent net of all expenses.

Laughing Water Capital stated in its letter that Clarus is “subscale” and is undergoing a reset after expanding its SKU count too rapidly. “The lack of scale and previous lack of focus leads to GAAP financials that are not pretty; the company struggles with profitability,” the firm said.

Insider Monkey said Clarus was not on its list of “30 Most Popular Stocks Among Hedge Funds.”

“As per our database, 13 hedge fund portfolios held Clarus Corporation (NASDAQ:CLAR) at the end of the first quarter, which was 13 in the previous quarter,” reported the organization.

Clarus Corporation’s first quarter sales declined 12.8 percent year-over-year to $60.4 million. Sales in the Outdoor segment, which is dominated by the Black Diamond brand, decreased 6 percent to $44.3 million. Sales in the Adventure segment, which houses Rocky Mounts and Rhino-Rack, decreased 28 percent to $16.1 million

Due to ongoing macroeconomic uncertainty stemming from U.S. global trade policies, including the impact of recently imposed or proposed tariffs and the resulting potential consequences on consumer demand, the company has withdrawn its previously issued full-year 2025 revenue, adjusted EBITDA, capital expenditures, and free cash flow guidance. It intends to provide updated guidance once visibility improves. The Q1 loss from continuing operations was $5.2 million, or a loss of 14 cents per diluted share, compared to loss from continuing operations of $6.5 million, or a loss of 17 cents per diluted share, in the year-ago quarter.

The company completed the sales of the Pieps and JetForce businesses in mid-July 2025.

 Image courtesy Black Diamond/Clarus Corporation