Corporate Financial Reports 2-20-22

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

LifeVantage 

LifeVantage Corp., based in Lehi, reported a net loss of $1.1 million, or 8 cents per share, for the second fiscal quarter ended Dec. 31. That compares with net income of $79,000, or 1 cent per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $53.7 million, up from $52.2 million in the year-earlier quarter.{mprestriction ids="1,3"}

LifeVantage identifies, researches, develops, formulates and sells nutrigenomic activators, dietary supplements, nootropics, pre- and pro-biotics, weight management, skin and hair care, bath and body, and targeted relief products.

“We reached a positive inflection point in the second quarter, delivering year-over-year revenue growth of 7.4 percent on a constant currency basis, including a 15.4 percent increase in the U.S.,” Steve Fife, president and CEO, said in announcing the results.

Utah Medical Products

Utah Medical Products Inc., based in Salt Lake City, reported net income of $4.6 million, or $1.25 per share, for the fourth quarter ended Dec. 31. That compares with $4.1 million, or $1.12 per share, for the same quarter a year earlier.

Net sales in the most recent quarter totaled $13.6 million, up from $12.9 million in the year-earlier quarter.

For the full year 2022, the company reported net income of $16.5 million, or $4.52 per share. That compares with $14.8 million, or $4.04 per share, for 2021. Net sales in 2022 totaled $52.3 million, up from $49 million in 2021.

Utah Medical Products develops, manufactures and markets disposable and reusable specialty medical devices.{/mprestriction}