Net loss in the first quarter was $3,295,000 against a loss of $5,244,000 last year, as revenues from continuing operations grew 2% to $61,938,000 from $60,433,000. Gross margin improved 230 basis points to 36.8%, helped by a favorable product mix at both Adventure and Outdoor, while SG&A was flat, deleveraging 110 b.p. on the slightly higher top line. CLAR revised its earlier guidance and now expects full-year sales of $245 to $255 million, compared to $255 to $265 million, and adjusted EBIDTA to range between around $3 and $5 million, ... Log in to view full article.