Clarus Corp. reported unaudited consolidated financial results for the third quarter and nine months ended September 30, 2009. The company reported no revenues for the quarters ended September 30, 2009 and 2008, respectively. Net loss for the third quarter of 2009 was $850,000 or $0.05 per basic and diluted share compared to a net loss of $715,000 or $0.04 per basic and diluted share during the comparable period of 2008. The increase in net loss was primarily due to a $478,000 reduction in interest income from declining interest rates on cash, cash equivalents and marketable securities, partially offset by a $375,000 decline in operating expenses due to a reduction in employment compensation and benefits, non-cash equity compensation expense, consulting fees, travel expenses and other professional fees offset by increases in franchise and property taxes, insurance and investment management fees, compared to the prior year quarter. Operating loss for the period was $906,000 compared to $1,249,000 for the same period previous year. For the nine months ended September 30, 2009, the company reported net loss of $2,372,000 or $0.14 per basic and diluted share compared to a net loss of $1 915,000 or $0.11 per basic and diluted share for the same period in 2008. The increase in net loss was primarily a result of a decrease in interest income of $1,251,000 due to lower interest rates on cash, cash equivalents and marketable securities partially offset by $826,000 decline in operating expenses. Operating loss for the period was $3,036,000 compared to $3,830,000 for the same period previous year. Net cash used in operating activities for the period was $2,286,000 compared to $2,548,000 for the same period previous year. Expenditure on purchase of property and equipment for the period was $6,000 compared to $3,000 for the same period previous year.

Clarus Corp. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2009. For the quarter, the company reported net loss of $921,000 or $0.05 diluted loss per share compared to net loss of $783,000 or $0.05 diluted loss per share for the same period a year ago. Operating loss was $1,118,000 compared to $1,342,000 for the same period a year ago. The increase in net loss was primarily due to a $362,000 reduction in interest income from declining interest rates on cash, cash equivalents and marketable securities, partially offset by a $223,000 decline in operating expenses due to a reduction in employment compensation and benefits, professional fees, investment management fees, and travel expenses offset by increases in franchise and property taxes and non-cash equity compensation, compared to the prior year quarter. For six months, the company reported net loss of $1,522,000 or $0.09 diluted loss per share compared to net loss of $1,200,000 or $0.07 diluted loss per share for the same period a year ago. Operating loss was $2,130,000 compared to $2,581,000 for the same period a year ago. Net cash used in operating activities was $1,753,000 and purchase of property and equipment was $6,000 compared to net cash used in operating activities of $1,763,000 and purchase of property and equipment of $1,000 for the same period a year ago. The increase in net loss was primarily a result of a decrease in interest income of $773 000 due to lower interest rates on cash, cash equivalents and marketable securities partially offset by a $451,000 decline in operating expenses, which included $209,000 of non-cash equity compensation expense.

Clarus Corp. may look for acquisitions. Warren B. Kanders, Executive Chairman of Clarus said, “We are actively reviewing a variety of opportunities and ideas in which to redeploy Clarus' cash assets. The current economic and business environment, while tentative, should allow us to achieve our objectives while securing a business platform which may provide organic and acquisition growth. Additionally, we have taken a number of steps to reduce our cash operating expenses.” The firm announced financial results for the three and six months ended June 30, 2009. Clarus reported no revenues for the quarters ended June 30, 2009 and 2008, respectively. Net loss for the second quarter of 2009 was $921,000 or $0.05 per diluted share compared to a net loss of $783,000 or $0.05 per diluted share during the comparable period of 2008.