The following are recent financial reports as posted by selected Utah corporations:
LifeVantage
LifeVantage Corp., based in Lehi, reported net income of $1.3 million, or 10 cents per share, for the fiscal fourth quarter ended June 30. That compares with $2 million, or 15 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $48.9 million, down from $54.2 million in the year-earlier quarter.
For the full fiscal year, the company reported net income of $2.9 million, or 23 cents per share. That compares with $2.5 million, or 20 cents per share, for the prior fiscal year. Revenue in the most recent year totaled $200.2 million, down from $213.4 million a year earlier.
LifeVantage identifies, researches, develops, formulates and sells nutrigenomic activators, dietary supplements, nootropics, pre- and probiotics, weight management, and skin and hair care products.
“Our focus on operational excellence enabled us to again deliver higher year-over-year profitability despite top-line headwinds due to challenging macro conditions,” Steve Fife, president and CEO, said in announcing the results.
“Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) margin improved 90 basis points in the fourth quarter to 9.8 percent and was up 300 basis points in fiscal 2024. Innovation continues to be a key driver for our business and we are very excited for the upcoming U.S. launch of our new weight management system in October. … We remain confident in our strategy to deliver significant long-term value for stockholders.”
Domo
Domo Inc., based in American Fork, reported a net loss of $19.5 million, or 51 cents per share, for the second quarter ended July 31. That compares with a loss of $16 million, or 45 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $78.4 million, down from $79.7 million in the year-earlier quarter.
Offers a cloud-native data experience platform.
“We’ve made great progress with ecosystem partnerships and consumption customers in Q2, and are already seeing these strategic initiatives deliver exciting new opportunities for Domo,” Josh James, founder and CEO, said in announcing the results. “We are now better positioned than ever to compete in today’s data and AI landscape, and I’m incredibly optimistic about our future.”