CORPORATE FINANCIAL REPORTS 12-16-19

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 $10.5 million, or 24 cents per share, for the quarter ended Nov. 2. That compares with $12.4 million, or 29 cents per share, for the same quarter a year earlier.{mprestriction ids="1,3"}

Net sales in the most recent quarter totaled $242.5 million, up from $223.1 million in the year-earlier quarter.

Sportsman’s Warehouse is an outdoor sporting goods retailer.

“We are very pleased with our third-quarter results, which were at the high end of our guidance on the top and bottom line, excluding the eight recently acquired stores that were not included in our original outlook,” Jon Barker, CEO, said in announcing the results.

“These strong results are reflective of our differentiated positioning within a consolidating industry and the team’s disciplined execution of our growth strategies around merchandising, customer acquisition and engagement, and our omni-channel platform.”

Barker said multiple competitors are making changes “that are creating some short-term sales headwinds which we have incorporated in our fourth quarter outlook. We believe these competitive changes bode well for Sportsman’s Warehouse longer term, and, combined with the investments we have made across our business, we are well-positioned to capitalize on the increased market share opportunities moving forward.”

HealthEquity

HealthEquity Inc., based in Draper, reported a net loss of $21.3 million, or 30 cents per share, for the third quarter ended Oct. 31. That compares with net income of $15.7 million, or 25 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $157.1 million, up from $70.5 million in the year-earlier period.

HealthEquity is a health savings account (HSA) non-bank custodian. It completed its acquisition of WageWorks in August.

“The new HealthEquity outperformed in a market that keeps growing, and got a fast start on the integration of WageWorks to continue that growth,” Jon Kessler, president and CEO, said in announcing the results. “For the full year, these results set the team up to deliver strong sales while keeping its commitments to customers, partners and shareholders.”

Domo

Domo Inc., based in American Fork, reported a net loss of $29.1 million, or $1.05 per share, for the third quarter ended Oct. 31. That compares with $32.5 million, or $1.24 per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $44.8 million, up from $36.8 million in the year-earlier period.

Domo produces an operating system for business.

“I am very pleased with our 24 percent subscription revenue growth and our execution in Q3, closing several of the largest deals in company history,” Josh James, founder and CEO, said in announcing the results.

James said the company in the third quarter was “once again able to make meaningful progress on reducing our cash burn, coming in well ahead of our guidance. Consistent with our previous statements, we remain committed to achieving cash flow-positive status with the cash on our balance sheet and continue to be optimistic about the opportunity in front of us.”{/mprestriction}