CORPORATE FINANCIAL REPORTS 2-24-19

CORPORATE FINANCIAL REPORTS

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

Nu Skin

Nu Skin Enterprises Inc., based in Provo, reported a net loss of $17.8 million, or 32 cents per share, for the fourth quarter of 2018. That compares with net income of $18.2 million, or 33 cents per share, for the same quarter a year earlier.{mprestriction ids="1,3"}

The company said that excluding impairment and restructuring charges, earnings per share (EPS) was $1.05 in the most recent quarter. EPS in the year-earlier quarter was $1.20 when excluding the impact of U.S. tax reform.

Revenue in the most recent quarter totaled $683.3 million, up from $666.2 million in the year-earlier quarter.

For the full year 2018, the company reported net income of $121.9 million, or $2.16 per share, on revenues of $2.68 billion. That compares with net income of $129.4 million, or $2.36 per share, on revenues of $2.28 billion in 2017.

The 2018 ESP was $3.52 excluding impairment and restructuring charges. It was $3.23 in 2017 when excluding the impact of U.S. tax reform, the company said.

Nu Skin is a direct-sales company that develops and distributes a line of beauty and wellness solutions.

“We delivered another strong quarter despite a challenging comparison from the $130 million LumiSpa introduction in the prior year,” Ritch Wood, CEO, said in announcing the results. “We grew our revenue 18 percent for the year, with growth coming from virtually all of our segments. We were also encouraged that our customer acquisition strategy resulted in 16-percent growth in our customer base. And while our sales leader numbers were down year-over-year due to the LumiSpa introduction, we are pleased with 16- percent growth in sales leaders since the first quarter.”

Wood said the company is entering 2019 “with strong momentum and are projecting meaningful constant-currency top-line growth with continued improvement on the bottom line. … We believe we can continue to grow our business and look forward to a strong 2019.”

Pluralsight

Pluralsight, based in Farmington, reported a net loss attributable to common shareholders of $15.3 million, or 24 cents per share, for the fourth quarter of 2018. That compares with a net loss of $37.5 million in the same quarter a year earlier.

Revenue in the most recent quarter totaled $67.3 million, up from $47.4 million in the year-earlier quarter.

For the full year 2018, the company reported a net loss attributable to common shareholders of $259.9 million, or 65 cents per share, on revenue of $232 million. That compares with a net loss of $160.3 million on revenues of $166.8 million in 2017.

Pluralsight offers an enterprise technology skills platform.

“Pluralsight’s fourth quarter capped off a milestone year for the company, highlighted by strong customer additions and 42 percent revenue growth,” Aaron Skonnard, co-founder and CEO, said in announcing the results. “We achieved our seventh consecutive quarter of greater than 50 percent growth in B2B billings, while continuing to demonstrate the inherent levers to profitability in our model.”

Instructure

Instructure Inc., based in Salt Lake City, reported a net loss of $7.6 million, or 22 cents per share, for the fourth quarter of 2018. That compares with a net loss of $9.7 million, or 32 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $56.2 million, up from $44.8 million in the year-earlier quarter.

For the full year 2018, the company reported a net loss of $43.5 million, or $1.27 per share, on revenues of $209.5 million. That compares with a net loss of $43 million, or $1.47 per share, on revenues of $161 million in 2017.

Instructure is a software-as-a-service technology company.

“In 2018, we grew revenue 30 percent year-over-year, enhanced our operating structure, and defined and launched our growth initiatives,” Dan Goldsmith, CEO, said in announcing the results. “With a strong management team in place and a clear focus on growth and operational excellence, Instructure is well-positioned for success in 2019 and beyond.”{/mprestriction}