The following are recent financial reports as posted by selected Utah corporations:
Varex
Varex Imaging Corp., based in Salt Lake City, reported a net loss of $50 million, or $1.22 per share, for the fiscal fourth quarter ended Sept. 27. That compares with net income of $31.9 million, or 66 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $205.7 million, down from $227.4 million in the year-earlier quarter.
For the full fiscal year, the company reported a net loss of $47.7 million, or $1.17 per share. That compares with net income of $48.2 million, or $1.08 per share, for the prior fiscal year. Revenue in the most recent year totaled $811 million, down from $893.4 million in the earlier year.
Varex designs and manufactures X-ray imaging components, which include X-ray tubes, digital detectors and other image processing solutions that are key components of X-ray imaging systems. Varex employs approximately 2,300 people in North America, Europe and Asia.
“Revenue of $206 million in the fourth quarter of fiscal year 2024 was at the high end of our guidance range, driven by strength in our industrial segment,” Sunny Sanyal, CEO, said in announcing the results. “Cash generation in the quarter was solid, ending the fiscal year with $213 million of cash and marketable securities on the balance sheet.”
Sanyal said the fiscal year was a period of “promising technological achievements.”
“We made substantial progress in advancing innovative technologies like photon counting and nanotubes into applications development and commercialization phases,” he said. “In our industrial segment, we have taken initial steps to expand into the significant and rapidly growing cargo systems vertical.”
Domo
Domo Inc., based in American Fork, reported a net loss of $18.8 million, or 48 cents per share, for the fiscal third quarter ended Oct. 31. That compares with a loss of $16.4 million, or 45 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $79.8 million, compared with $79.7 million in the year-earlier quarter.
Domo offers a data experience platform allowing companies to optimize business processes at scale and in record time.
“Our focus on ecosystem-led growth, consumption-based contracts and AI innovation is paying off with promising momentum, as we see more demand for Domo as an anchor technology in customers’ data stacks,” Josh James, founder and CEO, said in announcing the results. “The data and AI landscape is evolving to create new market opportunities for Domo, and we feel confident we’re in the right position to capitalize on this moment.”