The following are recent financial reports as posted by selected Utah corporations:
Nu Skin
Nu Skin Enterprises Inc., based in Provo, reported net income of $73.5 million, or $1.40 per share, for the 2020 fourth quarter ended Dec. 31. That compares with $40.1 million, or 72 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $748.2 million, up from $583.4 million in 2019.
For the full year 2020, the company reported net income of $191.4 million, or $3.63 per share, which compares with $173.6 million, or $3.10 per share, for 2019. Revenue in 2020 totaled $2.58 billion, up from $2.42 billion in 2019.
Nu Skin is focused on consumer products, product manufacturing and controlled-environment agriculture technology. Its family of companies includes Nu Skin, which develops and distributes a line of beauty and wellness solutions; and Rhyz, a strategic investment arm that includes a collection of sustainable manufacturing and technology innovation companies.
“Our strong fourth-quarter results were driven by exceptional customer growth of 34 percent compared to the prior year,” Ritch Wood, CEO, said in announcing the results.
“We grew revenue in each of our reporting segments with particular strength in the West markets where our brand affiliates have more broadly adopted social commerce to share our products. The successful Boost and Nutricentials product introductions helped generate 28 percent revenue and 29 percent sales leader growth in the quarter. In addition, our manufacturing segment continued to generate strong results, posting 42 percent revenue growth in the quarter and playing a critical role in our ability to keep product in stock, even with increased demand and global supply chain constraints.”
Pluralsight
Pluralsight Inc., based in Draper, reported a net loss attributable to the company of $35.5 million, or 30 cents per share, for the fourth quarter ended Dec. 31. That compares with a net loss of $32 million, or 31 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $105 million, up from $88.8 million in the year-earlier quarter.
For the full year 2020, the company reported a net loss attributable to the company of $128 million, or $1.15 per share, which compares with a loss of $112.7 million, or $1.19 per share for 2019.
Revenue in 2020 totaled $391.9 million, up from $316.9 million in 2019.
Pluralsight is a technology workforce development company that helps companies and teams build better products by developing critical skills, improving processes and gaining insights through data, and providing strategic skills consulting.
LifeVantage
LifeVantage Corp., based in Salt Lake City, reported net income of $3.8 million, or 26 cents per share, for the fiscal second quarter ended Dec. 31. That compares with $4.3 million, or 30 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $59 million, down from $61.2 million in the prior-year quarter.
LifeVantage engages in the identification, research, development and distribution of advanced nutraceutical dietary supplements and skin and hair care products.
“We are proud to report continued earnings momentum with 31.6 percent adjusted operating income and 12.6 percent adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) growth while we saw modest declines in revenue of 3.6 percent compared to the prior year period, the highest quarterly revenue in the company’s history and 7.6 percent sequential revenue growth over the first quarter of fiscal 2021,” Steve Fife, CEO and chief financial officer, said in announcing the results.
