-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950136-03-001280.txt : 20030515
<SEC-HEADER>0000950136-03-001280.hdr.sgml : 20030515
<ACCEPTANCE-DATETIME>20030515165136
ACCESSION NUMBER:		0000950136-03-001280
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030515
ITEM INFORMATION:		Financial statements and exhibits
ITEM INFORMATION:		Regulation FD Disclosure
FILED AS OF DATE:		20030515

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CLARUS CORP
		CENTRAL INDEX KEY:			0000913277
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-PREPACKAGED SOFTWARE [7372]
		IRS NUMBER:				581972600
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-24277
		FILM NUMBER:		03705790

	BUSINESS ADDRESS:	
		STREET 1:		3970 JOHNS CREEK CT
		STREET 2:		STE 100
		CITY:			SUWANEE
		STATE:			GA
		ZIP:			30024
		BUSINESS PHONE:		7702913900

	MAIL ADDRESS:	
		STREET 1:		3970 JOHNS CREEK CT
		STREET 2:		STE 100
		CITY:			SUWANEE
		STATE:			GA
		ZIP:			30024

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SQL FINANCIALS INTERNATIONAL INC /DE/
		DATE OF NAME CHANGE:	19980911
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>file001.txt
<DESCRIPTION>FORM 8-K
<TEXT>
<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT

     PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

          Date of Report (Date of earliest event reported) May 15, 2003
                                                           ------------

                               Clarus Corporation
                               ------------------
             (Exact name of registrant as specified in its charter)


<TABLE>
<CAPTION>
<S>                             <C>                               <C>
        Delaware                      0-24277                               58-1972600
- ----------------------------------------------------------------------------------------------------------
(State or other jurisdiction    (Commission File Number)          (IRS Employer Identification No.)
of incorporation)

       One Pickwick Plaza, Greenwich, Connecticut                                   06830
- ----------------------------------------------------------------------------------------------------------
         (Address of principal executive offices)                                 (Zip Code)
</TABLE>

Registrant's telephone number, including area code: (203) 302-2000
                                                    --------------


                                       N/A
                                       ---
         (Former name or former address, if changed since last report.)


<PAGE>


Item 7.  Financial Statements, Pro Forma Financial Information and Exhibits

         (c)      Exhibits.

         The following Exhibits are hereby filed as part of this Current Report
on Form 8-K:

         Exhibit 99.1      Press Release dated May 15, 2003 with respect to
                           the Registrant's financial results for the first
                           quarter ended March 31, 2003.

Item 9.  Regulation FD Disclosure

         The information included in this section is intended to be furnished
under "Item 12. Disclosure of Results of Operations and Financial Condition" and
is included under this Item 9 in accordance with SEC Release No. 33-8216. The
information in this Form 8-K and the Exhibit attached hereto shall not be deemed
"filed" for purposes of Section 18 of the Securities Act of 1934, nor shall it
be deemed incorporated by reference in any filing under the Securities Act of
1933, except as shall be expressly set forth by specific reference in such
filing.

         On May 15, 2003, Clarus Corporation (the "Registrant") announced
financial results for the first quarter ended March 31, 2003. A copy of the
press release announcing the Registrant's earnings results for the first quarter
ended March 31, 2003 is attached hereto as Exhibit 99.1.



<PAGE>


                                   SIGNATURES
                                   ----------

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

Dated: May 15, 2003

CLARUS CORPORATION

By:  /s/ Nigel P. Ekern
     ---------------------------------------------
         Nigel P. Ekern,
         Chief Administrative Officer


By:  /s/ Susan Luckfield
     ---------------------------------------------
         Susan Luckfield,
         Controller



<PAGE>


                                  Exhibit Index

                  Exhibit 99.1 Press Release dated May 15, 2003




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>file002.txt
<DESCRIPTION>PRESS RELEASE
<TEXT>
<PAGE>

FOR IMMEDIATE RELEASE

CONTACT
Nigel Ekern
Clarus Corporation
(203) 302-2000
nekern@claruscorp.com


                   CLARUS ANNOUNCES FIRST QUARTER 2003 RESULTS


GREENWICH, CONNECTICUT--MAY 15, 2003--Clarus Corporation (www.claruscorp.com;
Nasdaq: CLRS) today announced financial results for the quarter ended March 31,
2003. Clarus reported revenues of $53,000 for the first quarter of 2003 compared
to $3.9 million during the comparable period of 2002. Net loss for the first
quarter of 2003 was $2.4 million or $0.15 per share compared to a net loss of
$6.5 million or $0.41 per share during the comparable period of 2002. As of
March 31, 2003, Clarus' balance of cash and marketable securities was $94.7
million compared to $95.1 million as of December 31, 2002.

In addition, on April 17, 2003, Clarus settled pending litigation related to its
4.5% Convertible Subordinated Promissory Note and paid the holder the $5.0
million face value of the Note to settle the matter. After giving effect to the
repayment, Clarus' balance of cash and marketable securities was $89.7 million,
or $5.70 per share gross cash on a fully diluted basis.

As previously announced, as part of our strategy to seek to limit operating
losses and redeploy our assets and use our substantial cash and cash equivalent
assets to enhance stockholder value, on December 6, 2002 we sold substantially
all of our electronic commerce business, which represented substantially all of
our revenue-generating operations and related assets.

Nigel Ekern, Clarus' Chief Administrative Officer stated, "We are actively
evaluating and seeking to identify suitable acquisition and merger
opportunities." Mr. Ekern added, "We have also substantially reduced Clarus'
cash expenditures and have targeted our overhead and administrative costs to
remain in line with interest income generated from our cash balances prior to a
redeployment, to the extent possible."

Clarus does not currently intend to hold conference calls to discuss quarterly
earnings releases unless and until the Company consummates an acquisition in
connection with its redeployment strategy. At such time, the Company plans to
resume holding quarterly conference calls to review earnings and Clarus'
operating performance.

Clarus, formerly a provider of ecommerce business solutions, is seeking to
redeploy its assets and use its substantial cash and cash equivalent assets to
enhance stockholder value.

This press release contains forward-looking statements within the meaning of the
Securities Act of 1933 and the Exchange Act of 1934. Information in this release
includes Clarus' beliefs, hopes, expectations, intentions and strategies
regarding Clarus, its future and its products and services. Assumptions relating
to the forward-looking statements involve judgments with respect to, among other
things, future economic, competitive and market conditions and future business
decisions, all of which are difficult or impossible to predict accurately and
many of which are beyond our control. Actual results could differ materially
from those projected in the forward-looking statements as a result of certain
risks including our planned effort to redeploy our assets to enhance stockholder
value, the preservation of our net operating loss carry forward, and that the
unaudited financial information provided in this press release may be adjusted
by Clarus' independent auditors. Clarus cannot guarantee its future performance.
All forward-looking statements contained in this release are based on
information available to Clarus as of the date of this release and Clarus
assumes no obligation to update the forward-looking statement contained herein.


<PAGE>

For further information regarding the risks and uncertainties in connection with
Clarus' business, please refer to the "Management's Discussion and Analysis of
Financial Condition and Results of Operations" and "Risk Factors" sections of
Clarus' filings with the Securities and Exchange Commission, including but not
limited to, its annual reports on Form 10-K and quarterly reports on Form 10-Q,
copies of which may be obtained at the SEC's web site at http://www.sec.gov


<PAGE>



                               CLARUS CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (UNAUDITED)
                    (IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

                                                          THREE MONTHS ENDED
                                                               MARCH 31,
                                                       ------------------------
                                                         2003             2002
                                                       --------        --------
REVENUES:
   License fees                                        $     --        $  1,473
   Services fees                                             53           2,468
                                                       --------        --------
     Total revenues                                          53           3,941
COST OF REVENUES:
   License fees                                              --              14
   Services fees                                             --           1,938
                                                       --------        --------
     Total cost of revenues                                  --           1,952

OPERATING EXPENSES:
   Research and development                                  --           2,629
   Sales and marketing                                       --           3,646
   General and administrative                             1,891           1,504
   Provision for doubtful accounts                           67               2
   Depreciation and amortization                            761           1,357
                                                       --------        --------
     Total operating expenses                             2,719           9,138

OPERATING LOSS                                           (2,666)         (7,149)
OTHER (EXPENSE)/INCOME                                      (48)             15
INTEREST INCOME                                             358             733
INTEREST EXPENSE                                            (56)            (56)
                                                       --------        --------
 NET LOSS                                              $ (2,412)       $ (6,457)
                                                       ========        ========

  Loss per common share:
       Basic                                           $  (0.15)       $  (0.41)
       Diluted                                         $  (0.15)       $  (0.41)

  Weighted average shares outstanding
       Basic                                             15,739          15,572
       Diluted                                           15,739          15,572


<PAGE>



                               CLARUS CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEETS
                                   (UNAUDITED)
               (IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS)
<TABLE>
<CAPTION>
                                                                                  MARCH 31,  DECEMBER 31,
                                                                                    2003          2002
                                                                                  ---------    ---------
<S>                                                                               <C>          <C>
                              ASSETS
CURRENT ASSETS:
     Cash and cash equivalents                                                    $  49,665    $  42,225
     Marketable securities                                                           45,021       52,885
     Accounts receivable, less allowance for doubtful accounts
     of $203 and $586 in 2003 and 2002, respectively                                     --          467
     Prepaids and other current assets                                                  868        1,262
     Assets held for sale                                                                --           48
                                                                                  ---------    ---------
Total current assets                                                                 95,554       96,887

PROPERTY AND EQUIPMENT, NET                                                              --          809

OTHER ASSETS:
     Deposits and other long-term assets                                                 68           68
                                                                                  ---------    ---------
         TOTAL ASSETS                                                             $  95,622    $  97,764
                                                                                  =========    =========


            LIABILITIES AND STOCKHOLDERS' EQUITY
CURRENT LIABILITIES:
     Accounts payable and accrued liabilities                                     $   2,160    $   1,936
     Deferred revenue                                                                 1,195        1,248
     Current portion of long-term debt                                                5,000        5,000
     Liabilities to be assumed                                                           --          220
                                                                                  ---------    ---------
Total current liabilities                                                             8,355        8,404
LONG-TERM LIABILITIES:
     Other long-term liabilities                                                         --           --
                                                                                  ---------    ---------
Total liabilities                                                                     8,355        8,404

STOCKHOLDERS' EQUITY:
    Preferred stock, $.0001 par value; 5,000,000 shares authorized;                      --           --
    none issued
      Common stock, $.0001 par value; 100,000,000 shares authorized;
      15,902,300 and 15,762,707 shares issued and 15,827,300
      and 15,687,707 outstanding in 2003 and 2002, respectively                           2            2
    Additional paid-in capital                                                      362,116      361,715
    Accumulated deficit                                                            (274,848)    (272,436)
    Treasury stock, at cost
                                                                                         (2)          (2)
    Accumulated other comprehensive income                                               60          146
    Deferred compensation                                                               (61)         (65)
                                                                                  ---------    ---------
Total stockholders' equity                                                           87,267       89,360
                                                                                  ---------    ---------
         TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY                               $  95,622    $  97,764
                                                                                  =========    =========
</TABLE>



</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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