CORPORATE FINANCIAL REPORTS 9-14-20

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

Sportsman’s Warehouse

Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported net income of $32.5 million, or 73 cents per share, for the fiscal second quarter ended Aug. 1. That compares with $5.5 million, or 13 cents per share, for the same quarter a year earlier.

Sales in the most recent quarter totaled $381 million, up from $211.8 million in the year-earlier quarter.

Sportsman’s Warehouse is an outdoor specialty retailer.

“The second quarter was record-breaking for Sportsman’s Warehouse,” Jon Barker, CEO, said in announcing the results. “I am very proud of the Sportsman’s Warehouse team as they worked to keep our associates and customers safe during this sustained surge in our business.

“Same-store sales were up 61 percent in the second quarter of 2020 as compared to the same period last year, primarily due to market share gains, a significant increase in participants in outdoor activities, and social unrest.”

The company has paid down a significant portion of its debt and ended the second quarter nearly debt-free, Barker said. “We see our financial flexibility as a competitive advantage enabling us to invest for long-term growth and profitability,” he added.

Domo

Domo Inc., based in American Fork, reported a net loss of $17.9 million, or 62 cents per share, for the fiscal 2021 second quarter ended July 31. That compares with a loss of $31.2 million, or $1.14 per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $51.1 million, up from $41.7 million in the year-earlier quarter.

Domo is a business cloud company.

“Domo was built for this new world of work where business agility is imperative to surviving and thriving,” Josh James, founder and CEO, said in announcing the results. “Since our IPO, we have been relentlessly focused on growing our business, while at the same time making our growth more efficient and driving to cash flow positive with the cash on our balance sheet.

“In Q2, we once again made great progress on this front as we help CIOs, CDOs and IT leaders solve some of their most complex and strategic data challenges at a speed and scale our customers have told us they’ve never seen.”