The following are recent financial reports as posted by selected Utah corporations:
Nu Skin
Nu Skin Enterprises Inc., based in Provo, reported net income of $57.2 million, or $1.15 per share, for the fourth quarter of 2022. That compares with a net loss of $9.2 million, or 18 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $522.3 million, down from $673.4 million in the year-earlier quarter.
For the full year 2022, the company reported net income of $104.8 million, or $2.07 per share. That compares with $147.3 million, or $2.86 per share, for 2021. Revenue in 2022 totaled $2.2 billion, down from $2.7 billion in 2021.
Nu Skin develops personal care, nutrition and anti-aging products.
“We made steady progress toward our Nu Vision 2025 strategy, despite persistent macro-economic challenges, which primarily included COVID-related disruptions in Mainland China, global inflation and foreign currency headwinds,” Ryan Napierski, president and CEO, said in announcing the results.
Napierski said that while the macro-environment remains uncertain, “we expect it to steadily improve throughout the year.”
R1 RCM
R1 RCM Inc., based in Murray, reported a net loss of $37.1 million, or 9 cents per share, for the fourth quarter ended Dec. 31. That compares with net income of $36 million, or 11 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $532.8 million, up from $398.9 million in the prior-year period.
For the full year 2022, the company reported a net loss of $57.6 million, or 16 cents per share. That compares with net income of $97.2 million, or $1.86 per share, for 2021. Revenue in 2022 totaled $1.8 billion, up from $1.5 billion in 2021.
R1 is focused on technology related to the patient experience and financial performance of healthcare providers.
“We are pleased to report strong fourth-quarter results,” Lee Rivas, CEO, said in announcing the results. “Our operating performance in the quarter sets the stage for continued momentum in 2023. Our technology-driven value proposition positions us to address some of the most complex problems facing healthcare providers. We continue to see increased demand for our solutions and remain very optimistic about our long-term growth trajectory.”
Bridge Investment Group
Bridge Investment Group Holdings Inc., based in Salt Lake City, reported net income of $18.2 million, or a net loss of 4 cents per share, for the 2022 fourth quarter. That compares with net income of $165.8 million, or 52 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $95.5 million, down from $107.3 million in the year-earlier quarter.
For the full year 2022, the company reported net income of $272.4 million, or 92 cents per share. That compares with $408.6 million, or 93 cents per share, for 2021. Revenue in 2022 totaled $409 million, up from $330 million in 2021.
Bridge is a vertically integrated real estate investment manager with approximately $43.3 billion of assets under management as of
Dec. 31.
“Bridge delivered another strong year of financial results despite a challenging macroeconomic environment,” Robert Morse, executive chairman, said in announcing the results. “We achieved record closes for three of our specialized strategies with Debt Strategies IV at $2.9 billion, Multifamily V at $2.3 billion and Workforce & Affordable Housing II at $1.7 billion, highlighting the confidence investors place in our best-in-class investment teams.”
Instructure
Instructure Holdings Inc., based in Salt Lake City, reported a net loss of $5.7 million, or 4 cents per share, for the 2022 fourth quarter. That compares with a loss of $20.7 million, or 15 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $124.7 million, up from $110.6 million in the year-earlier quarter.
For the full fiscal year, the company reported a net loss of $34.2 million, or 24 cents per share. That compares with a loss of $88.7 million, or 67 cents per share, for 2021. Revenue in 2022 totaled $475.2 million, up from $367.8 million in 2021.
Instructure makes the Canvas Learning Management System.
“Our strong fourth-quarter revenue reflects the increasingly central role we play in supporting educators, students, parents and leaders as they navigate unprecedented challenges,” Steve Daly, CEO, said in announcing the results. “As we move into 2023, we are committed to further expanding our impact on the educational landscape, solving more of the unique challenges educators face while continuing to deliver balanced growth and profitability.”