The following are recent financial reports as posted by selected Utah corporations:
HealthEquity
HealthEquity Inc., based in Draper, reported net income of $1.8 million, or 3 cents per share, for the first quarter ended April 30. That compares with $41.8 million, or 65 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $190 million, up from $87.1 million in the year-earlier quarter.
The company is a health savings account (HSA) non-bank custodian.
“The team’s remarkable response to the COVID-19 pandemic has strengthened HealthEquity’s culture and accelerated promised synergies,” Jon Kessler, president and CEO, said in announcing the results. “During a tumultuous quarter, 17 percent year-over-year increase in new HSA openings and 33 percent adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin show just how deeply growth and profitability are embedded in our model.”
Kessler said the company believes the COVID-19 pandemic’s negative effect on operating performance “will fade as businesses gradually reopen, while the unprecedented economic fallout drives HSA growth and accelerates long-term trends favoring established market leaders like HealthEquity.”
Sportsman’s Warehouse
Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported a net loss of $1.1 million, or 3 cents per share, for the quarter ended May 2. That compares with a loss of $5.5 million, or 13 cents per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $246.8 million, up from $174 million in the year-earlier quarter.
Sportsman’s Warehouse is an outdoor specialty retailer.
“We are excited with our first-quarter results,” Jon Barker, CEO, said in announcing the results. “I could not be more proud of the Sportsman’s Warehouse team as we navigated both a global health pandemic and surging demand in our business.
“We were fortunate to be able to safely keep the majority of our stores open for business as well as serve customers through our e-commerce platform. During the first quarter of 2020, our same-store sales were up 28.6 percent compared to the same period last year, led by a surge in demand for firearms and ammunition. We introduced many new customers to the Sportsman’s Warehouse brand during the first quarter and we believe this bodes well for our long-term growth.”
Barker said the company believes the COVID-19 situation “is impacting consumer behavior and motivating people to spend more time outdoors. Our products fit exceptionally well into an environment in which consumers are spending more time fishing, camping, hiking and hunting. Additionally, we believe the upcoming election cycle has the potential to continue to drive demand for our firearms and ammunition products.”
Domo
Domo Inc., based in American Fork, reported a net loss of $24.9 million, or 88 cents per share, for the first quarter ended April 30. That compares with a loss of $35.5 million, or $1.32 per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $48.6 million, up from $40.8 million in the year-earlier quarter.
Domo is focused on the business cloud.
“Our company was built to deliver exactly what is needed today: real-time information packaged for easy consumption, for widespread distribution on any device, at massive scale, and available in record time,” Josh James, founder and CEO, said in announcing the results.
“We are pleased we could help the governors of three states have access to the actionable data they need to manage through the current health crisis. We are now applying the same capabilities to the private sector to help them manage their employee base and help them safely get back to work with apps and solutions built on our platform to address this specific opportunity.”
