CORPORATE FINANCIAL REPORTS 12-17-18

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

HealthEquity

HealthEquity, based in Draper, reported net income of $15.7 million, or 25 cents per share, for the quarter ended Oct. 31. That compares with $10.5 million, or 17 cents per share, for the same quarter a year earlier.{mprestriction ids="1,3"}

Revenue in the most recent quarter totaled $70.5 million, up from $56.8 million in the year-earlier quarter.

The company is a health savings account (HAS) non-bank custodian.

“HealthEquity delivered robust third-quarter results, strengthening our momentum going into the important fourth quarter and year-end,” Jon Kessler, president and CEO, said in announcing the results.

“By adding more than $1.5 billion in additional custodial assets since the end of our third quarter last year, our growth continues well ahead of the market, allowing us to raise guidance for fiscal year 2019. Importantly, with custodial investment assets growing by 53 percent over the third quarter end last year, we are delivering on our promise to help our HSA members connect health and wealth and put them on the fast track to retirement readiness.”

Domo

Domo Inc., based in American Fork, reported a net loss of $32.5 million, or $1.24 per share, for the third quarter ended Oct. 31. That compares with a loss of $43.9 million, or $27.27 per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $36.8 million, up from $28.3 million in the year-earlier quarter.

Domo is an operating system company.

“We executed very well in Q3 as our results show, and we expect that strong execution to continue into Q4 and into fiscal 2020,” Josh James, founder and CEO, said in announcing the results. “Demand for our products and services continues to grow as enterprises around the globe embrace digital transformation and push our products deeper into their business processes. We have a very large multi-billion-dollar market opportunity in front of us. I’m incredibly proud of our team, the efficiencies they found, and their enormous contributions in helping us deliver on all our commitments.”

“Q3 was another strong quarter for us,” said Bruce Felt, chief financial officer. “We continued to improve execution across all functions of the organization. We are pleased with the productivity gains from sales. As we displayed this quarter, we will continue to focus on realizing more out of our cost structure next quarter to drive growth.”{/mprestriction}