CORPORATE FINANCIAL REPORTS - 12-10-18

The following are recent financial reports as posted by selected Utah corporations:

Sportsman’s Warehouse

Sportsman’s Warehouse Holdings Inc., based in Midvale, reported net income of $12.4 million, or 29 cents per share, for the quarter ended Nov. 3. That compares with $9.8 million, or 23 cents per share, for the same quarter a year earlier.

Sales in the most recent quarter totaled $223.1 million, up from $218.1 million in the year-earlier quarter.{mprestriction ids="1,3"}

Sportsman’s Warehouse is an outdoor sporting goods retailer.

“We are pleased with our third-quarter performance as our top- and bottom-line results were in line with expectations,” Jon Barker, CEO, said in announcing the results. “Our results are reflective of the solid progress we continue to make against our key strategic priorities centered around our omni-channel strategy of store growth and expansion of our e-commerce platform, customer acquisition and engagement, and merchandising. We believe our continued investments across the business are fueling market share gains as we continue to differentiate ourselves and strengthen our competitive positioning within the outdoor sporting goods industry.”

Barker said fiscal 2019 likely will feature “moderated” store growth — four or five stores opening — “which will allow us to further invest in our e-commerce capabilities and allocate free cash flow towards debt reduction.”

SINTX Technologies Inc.

SINTX Technologies Inc., formerly known as Amedica Corp., reported a net loss attributable to common stockholders of $10.9 million, or 87 cents per share, for the quarter ended Sept. 30. That compares with a loss of $2 million, or 68 cents per share, for the same quarter a year earlier.

The Salt Lake City-based company reported no product revenue in either of the 2018 or 2017 quarters.

On Oct. 1, the company completed the sale of its spine business to CTL Medical, a Dallas-based privately held medical device manufacturer. The gain on the sale of the retail spine business is estimated to approximate $1.2 million, which will be recognized during the quarter ended Dec. 31. The retail spine business had product revenue of $1.8 million during the most recent quarter, down from nearly $3 million in the year-earlier quarter.

SINTX Technologies is a materials company focused on developing, manufacturing and selling silicon nitride ceramics that are used in medical implants and in a variety of industrial devices.{/mprestriction}