Corporate Financial Reports 9-5-22

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

Domo

Domo Inc., based in American Fork, reported a net loss of $29.1 million, or 86 cents per share, for the second quarter ended July 31. That compares with a loss of $22.2 million, or 70 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $75.5 million, up from $62.8 million in the year-earlier quarter.{mprestriction ids="1,3"}

Domo data app platform focuses on business intelligence and analytics.

“Domo is helping companies of all sizes leverage data across their organizations to increase revenue, improve efficiencies and drive better business outcomes — all at incredible speed,” John Mellor, CEO, said in announcing the results. “We continue to optimize for long-term, sustainable growth, as we deliver speed-to-value to line-of-business decision-makers and support our customers’ success.”

LifeVantage

LifeVantage Corp., based in Salt Lake City, reported a net loss of $1.4 million, or 11 cents per share, for the fiscal fourth quarter ended June 30. That compares with net income of $4.9 million, or 35 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $50.9 million, down from $54.8 million in the year-earlier quarter.

For the full fiscal year, the company reported net income of $3.1 million, or 24 cents per share. That compares with $12.9 million, or 90 cents per share, for the prior fiscal year.

Revenue in the most recent fiscal year totaled $206.4 million, down from $220.2 million in the prior year.

LifeVantage identifies, researches, develops, formulates and sells nutrigenomic activators, dietary supplements, weight management, skin and hair care, and other products.

“Fourth-quarter results were in line with our expectations and we are very pleased with early progress on key initiatives around innovation and driving engagement across our base of customers and independent distributors,” Steve Fife, president and CEO, said in announcing the results.

“Revenue was up 2 percent sequentially to $51 million despite $1.3 million of negative FX impact, and we delivered 100 basis points of sequential improvement in gross margin.”{/mprestriction}