CORPORATE FINANCIAL REPORTS 6-14-21

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 $10.5 million, or 23 cents per share, for the fiscal first quarter ended May 1. That compares with a net loss of $1.1 million, or 3 cents per share, for the same quarter a year earlier.

Sales in the most recent quarter totaled $327 million, up from $246.9 million in the prior-year quarter.

Sportsman’s Warehouse Holdings is an outdoor specialty retailer. Great Outdoors Group LLC has agreed to acquire Sportsman’s Warehouse Holdings for $18 per share in an all-cash transaction.

“Sportsman’s Warehouse is off to a strong start this fiscal year,” Jon Barker, CEO, said in announcing the results. “First-quarter same-store sales increased 24 percent compared to the same period last year as we continue to capitalize on elevated participation in outdoor activities.”

Domo

Domo Inc., based in American Fork, reported a net loss of $18.1 million, or 58 cents per share, for the fiscal first quarter ended April 30. That compares with a loss of $24.9 million, or 88 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $60.1 million, up from $48.6 million in the year-earlier quarter.

Domo is a business cloud company.

“With a record Q1 across many metrics, including new business and retention, our performance this quarter puts us in a great position to execute well for the remainder of FY22,” Josh James, founder and CEO, said in announcing the results.

“On average, we’ve been growing our billings 25 percent. I think it’s wonderful we achieved that growth profile the last four quarters, and I’m excited to see what we can deliver in the future.”

Reflect Scientific

Reflect Scientific Inc., based in Orem, reported net income of $247,768 for the quarter ended March 31. That compares with net income of $165,595 for the same quarter a year earlier.

Revenue in the most recent quarter totaled $562,262, down from $983,808 in the year-earlier quarter.

The company develops and markets innovative, proprietary technologies in cryogenic cooling for the biotechnology, pharmaceutical, medical and transportation markets. Among its products are low-temperature freezers and refrigerated systems for laboratory, transportation and computer server room uses.

“The first quarter of 2021 had improved margins due to the sales mix trending toward our more-profitable Cryometrix freezers and chillers,” Kim Boyce, CEO, said in announcing the results. “Because of this, the quarter was profitable even though revenues were down. The time for site preparation required for installation of the ULT freezers makes the revenue figure for Reflect choppy.”