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CLRS Message Board

  • tex7779 tex7779 Oct 30, 2002 9:20 PM Flag

    Q3-2002 Numbers are out

    Here is an excerpt from this evening's financial announcement.

    Bottom line is, we have $ 6.55 cash left.

    If, as we hear, there are only very few people left ( 4 or so by taterdawg's account ) our cash burn going forward should diminish quickly.

    Tex

    ATLANTA, Oct. 30 /PRNewswire-FirstCall/ -- Clarus Corporation (Nasdaq: CLRS, news)
    today announced financial results for the third quarter of 2002. As a result of the company's
    recently announced signing of a definitive agreement for the sale of its core assets and
    operations to Epicor Software Corporation (Nasdaq: EPIC, news), as well as its further intent
    to divest all remaining operations, the company's financial reporting for the third quarter
    categorizes the related assets and operations as discontinued operations. For a complete
    explanation of the current financial results, please refer to the third quarter financial
    statements and the accompanying footnotes which are included in this release. Net loss on a
    GAAP basis for the third quarter of 2002 was $4.0 million, or $0.26 per share. Pro forma net
    loss for the quarter was $1.2 million, or a loss of $0.08 per share. As of September 30, 2002,
    the Company's balance of cash and marketable securities was $102.6 million, or $6.55 per
    share.