CORPORATE FINANCIAL REPORTS 9-16-19

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 $5.5 million, or 13 cents per share, for the quarter ended Aug. 3. That compares with $6.6 million, or 15 cents per share, for the same quarter a year earlier.

Sales in the most recent quarter totaled $211.8 million, up from $203.3 million for the same quarter a year earlier.{mprestriction ids="1,3"}

Sportsman’s Warehouse is an outdoor sporting goods retailer.

“We are pleased with our second-quarter results, which were above our expectations on the top line, including a comparable store sales increase of 1.7 percent, and towards the high end of our outlook on the bottom line,” Jon Barker, CEO, said in announcing the results.

Barker said the company will “continue to focus on our strategic growth priorities in the second half of the year with an increased focus on innovation through various initiatives, including a small-format concept test shop, expansion of our partnerships with select licensed firearms dealers across the country, and the continued roll-out of our used-firearm program. We expect continued progress against these strategic priorities which, combined with our omni-channel focus, will reinforce our competitive positioning and drive market share gains.”

Domo

Domo Inc., based in American Fork, reported a net loss of $31.2 million, or $1.14 per share, for the fiscal second quarter ended July 31. That compares with a loss of $46.4 million, or $4.41 per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $41.7 million, up from $34.3 million in the year-earlier quarter.

Domo is an business operating system company.

“Our focus on empowering every business decision-maker — from the frontline employee to the CEO — with actionable data is having a transformational impact on some of the world’s largest companies,” Josh James, founder and CEO, said in announcing the results.

“While we continue to aggressively pursue our growth objectives, in Q2 we executed well on cost controls and improved our cash burn, and we remain committed to achieving cash flow-positive status with the cash on our balance sheet. As we look ahead, we are very optimistic about the opportunity in front of us.”{/mprestriction}