CORPORATE FINANCIAL REPORTS 3-27-17

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

Vivint Solar

Vivint Solar, based in Lehi, reported net income attributable to common stockholders of $20.1 million, or 18 cents per share, for the quarter ended Dec. 31. That compares with a net loss of $13.2 million, or 12 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $41.7 million, up from $16 million in the year-earlier quarter.

For the full year 2016, the company reported net income attributable to common stockholders of $18 million, or 16 cents per share. That compares with $13 million, or 12 cents per share, for 2015.

Revenue in 2016 totaled $135.2 million, up from $64.2 million in 2015.

Vivint Solar is a residential solar provider that designs, installs, monitors and services the solar energy systems for its customers.

HealthEquity

HealthEquity Inc., based in Draper, reported net income of $4.1 million, or 7 cents per share, for the quarter ended Jan. 31. That compares with $3.1 million, or 5 cents per share, for the same quarter a year earlier.

Revenue in the most recent quarter totaled $46.8 million, up from $35.9 million in the year-earlier quarter.

For the full year 2016, the company reported net income of $26.4 million, or 44 cents per share. That compares with $16.6 million, or 28 cents per share, in 2015.

Revenue in 2016 totaled $178.4 million, up from $126.8 million in 2015.

HealthEquity is a health savings account (HSA) non-bank custodian.

“HealthEquity had another record-setting year in fiscal year 2017, surpassing $5 billion in custodial assets and opening a record 668,000 new HSAs,” Jon Kessler, president and chief executive officer, said in announcing the results.

Kessler said the company is “poised for another strong growth year in fiscal 2018.” Steve Neeleman, vice chairman and founder, agreed.

“With our commitment to remarkable ‘purple’ service combined with favorable tailwinds politically, and economically, and general market tides favoring HSAs, we are well-positioned to continue our efforts to outpace the market in helping build health savings for our members and driving down healthcare cost growth for our network partners,” Neeleman said.