Corporate Financial Reports 6/12/23

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

Sportsman’sWarehouse

Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported a net loss of $15.6 million, or 42 cents per share, for the first quarter ended April 29. That compares with net income of $2 million, or 5 cents per share, for the same quarter a year earlier.

Sales in the most recent quarter totaled{mprestriction ids="1,3"} $267.5 million, down from $309.5 million in the year-earlier quarter.

Sportsman’s Warehouse is an outdoor specialty retailer.

“Our results for the first quarter were impacted by tough macroeconomic conditions, extreme snow levels and unusually wet weather in the western United States,” Joseph Schneider, interim CEO and chair of the board, said in announcing the results.

“Despite these challenges, the investments we made in our strategic initiatives, specifically e-commerce and customer engagement, have strengthened the business and we remain positive about our medium-to-long-term outlook and our ability to capture additional share of the outdoor sporting goods market.”

Domo

Domo Inc., based in American Fork, reported a net loss of $24.4 million, or 69 cents per share, for the first quarter ended April 30. That compares with a loss of $32.9 million, or 99 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $79.5 million, up from $74.5 million in the year-earlier quarter.

Domo offers a cloud-native data experience platform for businesses.

“A relentless focus on customers is central to our plan to return to growth, and the feedback is extremely positive as we build momentum with businesses around the world,” Josh James, founder and CEO, said in announcing the results. “We have the right product, market opportunity and sales capacity to grow, and I am very confident in our future.”{/mprestriction}