The following are recent financial reports as posted by selected Utah corporations:
R1 RCM
R1 RCM Inc., based in Murray, reported net income of $36 million, or 11 cents per share, for the fourth quarter ended Dec. 31. That compares with $78.6 million, or 25 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $398.9 million, up from $328.4 million in the year-earlier quarter.
For the full year 2021, the company reported net income of $97.2 million, or a loss of $1.86 per share. That compares with $117.1 million, or 33 cents per share, for 2020.
{mprestriction ids="1,3"}Revenue in 2021 totaled $1.47 billion, up from $1.27 billion in 2020.
R1 RCM provides solutions that transform the patient experience and financial performance of healthcare providers.
“I am very pleased with the progress our team made in 2021,” Joe Flanagan, president and CEO, said in announcing the results. “We delivered financial results significantly ahead of our expectations at the start of the year, grew our customer base, and launched innovative new solutions which will better serve healthcare providers, their patients, and the communities they serve.
“We are optimistic about our prospects and continued strong growth in 2022, fueled by market demand, our ongoing innovation, and the pending acquisition of Cloudmed.”
Nu Skin
Nu Skin Enterprises Inc., based in Provo, reported a net loss of $9.2 million, or 18 cents per share, for the fourth quarter ended Dec. 31. That compares with net income of $73.5 million, or $1.40 per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $673.4 million, down from $748.2 million in the year-earlier quarter.
For the full year 2021, the company reported net income of $147.3 million, or $2.86 per share. That compares with $191.4 million, or $2.63 per share, for 2020.
Revenue in 2021 totaled $2.69 billion, up from $2.58 billion in 2020.
Nu Skin develops personal care, nutrition and anti-aging products.
“For the year, we are encouraged with 4 percent year-over-year revenue growth and 11 percent growth compared to 2019, particularly considering the many COVID-related government restrictions, continued global uncertainty and ongoing transformation of our business,” Ryan Napierski, president and CEO, said in announcing the results.
Napierski said that many of the company’s Asian markets, including Mainland China, continue to be impacted by strict lockdowns and restrictions on in-person sales events and promotional activities, although South Korea “is gaining some traction with social commerce and grew 9 percent.”
Instructure
Instructure Holdings Inc., based in Salt Lake City, reported a net loss of $20.7 million, or 15 cents per share, for the fourth quarter ended Dec. 31. That compares with a loss of $41.2 million, or 33 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $110.6 million, up from $87.5 million in the year-earlier quarter.
For the full year 2021, the company reported a net loss of $88.7 million, or 67 cents per share. That compares with a loss of $178 million, or $1.41 per share, for 2020.
Revenue in 2021 totaled $405.4 million, up from $230.7 million in 2020.
Instructure is an education technology company.
“Instructure’s strong fourth-quarter performance capped off a truly outstanding year for our company,” Steve Daly, CEO, said in announcing the results. “During the year, we added over 800 new customers, a 14 percent increase, as we continued to gain share across our key markets. We delivered 109 percent net revenue retention for the year, as our clients took advantage of the expanded set of ed tech tools available on the Instructure Learning Platform.
“Our strong growth trajectory is supported by ongoing momentum in both new logo and cross-sell wins, both domestically and internationally. Looking ahead, we will continue to make disciplined investments in sales and innovation to reinforce our position at the center of the teaching and learning ecosystem and extend our platform into multi-billion-dollar adjacent markets. We look forward to bringing more value to our clients, partners and shareholders in the months and years ahead.”
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