CORPORATE FINANCIAL REPORTS 12-20-21

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 $21.9 million, or 49 cents per share, for the third quarter ended Oct. 30. That compares with $30.5 million, or 68 cents per share, for the same quarter a year earlier.

Sales in the quarter totaled $401 million, up from $385.7 million in the year-earlier quarter, primarily due to the open of seven new stores since Oct. 31, 2020, the company said.

Sportsman’s Warehouse is an outdoor specialty retailer.

“I am very proud of our team and pleased with the performance of the business during the third quarter,” Jon Barker, CEO, said in announcing the results. “Despite a very difficult comparison and the terminated merger agreement with the Great Outdoors Group Inc., our team has been able to achieve incredible results in the quarter and year-to-date periods.”

HealthEquity

HealthEquity Inc., based in Draper, reported a net loss of $5 million, or 6 cents per share, for the third quarter ended Oct. 31. That compares with net income of $1.8 million, or 2 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $180 million, up from $179.4 million in the year-earlier quarter.

HealthEquity is the nation’s largest health savings account (HSA) non-bank custodian.

“The HealthEquity team delivered another strong quarter of HSA growth, with new HSA sales of 151,000 in the third quarter and 446,000 in the year to date,” Jon Kessler, president and CEO, said in announcing the results.

“Adding to this year’s strong organic growth, we have onboarded 160,000 new HSAs from Fifth Third Bank in the third quarter and 580,000 from further in November to start our fourth quarter. HSA members have added nearly another $1 billion to their HSAs this quarter, and their HSA investments have grown significantly. We believe we are poised for a strong finish to this year’s selling season, continuing to outpace market growth.”

Weave Communications

Weave Communications Inc., based in Lehi, reported a net loss attributable to common stockholders of $14.8 million, or $1.03 per share, for the third quarter ended Sept. 30. That compares with a loss of $10.9 million, or 95 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $30.3 million, up from $21.4 million in the year-earlier quarter.

Weave provides a communications and engagement software platform for small and medium-sized businesses.

“In the third quarter, we continued executing our mission and grew revenue by 42 percent year-over-year,” Roy Banks, CEO, said in announcing the results. “As we recently completed our IPO, we welcome our public shareholders to the very early innings of a large opportunity we are endeavoring to address. We believe we are well-positioned to capitalize on the market and opportunity before us.”

Domo

Domo, based in American Fork, reported a net loss of $28.5 million, or 88 cents per share, for the third quarter ended Oct. 31. That compares with a loss of $22.2 million, or 75 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $65.1 million, up from $53.6 million in the year-earlier quarter.

Domo is focused on the business cloud.

“We delivered strong results for the quarter, driven by continued market demand for our core modern BI (business intelligence) solution and fueled by increasing demand for data-enabled apps to help our customers run their businesses on the Domo platform,” Josh James, founder and CEO, said in announcing the results.