The following are recent financial reports as posted by selected Utah corporations:
Qualtrics
Qualtrics, based in Provo, reported a net loss of $14.5 million, or 3 cents per share, for the fourth quarter ended Dec. 31. That compares with a loss of $147.3 million, or 35 cents per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $213.6 million, up from $172.8 million in the year-earlier quarter.
For the most recent fiscal year, the company reported a net loss of $272.5 million, or 64 cents per share, which compares with a loss of $1 billion, or $1.76 per share, in the prior fiscal year.
Revenue in 2020 totaled $763.5 million, up from $591.2 million in 2019.
Qualtrics is involved in experience management technology.
“With virtually everything moving to digital, Qualtrics’ mission to help companies design and continuously improve the experiences they deliver has never been more relevant, and that is reflected in our outstanding Q4 and 2020 results,” Zig Serafin, CEO, said in announcing the results.
“We’re innovating faster than ever before to make our more than 13,500 customers successful, and we’re well-positioned for continued strong growth in 2021.”
Nature’s Sunshine
Nature’s Sunshine Products Inc., based in Lehi, reported net income of $6.7 million, or 29 cents per share, for the fourth quarter ended Dec. 31. That compares with $1.2 million, or 5 cents per share, for the same quarter a year earlier.
Net sales in the most recent quarter totaled a company-record $101.7 million, up from $91.7 million in the year-earlier quarter.
For the full year 2020, the company reported net income of $23 million, or $1.07 per share, which compares with $6.9 million, or 34 cents per share, for 2019. Net sales in 2020 totaled a company-record $385.2 million, up from $362.2 million in 2019.
Nature’s Sunshine Products markets and distributes nutritional and personal care products in more than 40 countries.
“Our momentum continued in the fourth quarter of 2020, as we outperformed the net sales record we achieved just last quarter, making 2020 full-year sales the highest in the company’s 48-year history,” Terrence Moorehead, CEO, said in announcing the results.
“All four of our global operating business units generated absolute growth, reflecting sustained consumer demand in the U.S. and China, and the continued success of our new business model and revamped field fundamentals in Europe and LATAM. For the full year, we made consistent progress with our five global growth strategies, allowing us to drive year-over-year net sales growth and significant increases in both net income and adjusted EBITDA (earnings before interest, taxes, depreciation and amortization). Our team’s dedication around the world has allowed us to further optimize our platform for sustainable long-term growth into 2021.”
Domo
Domo Inc., based in American Fork, reported a net loss of $19.6 million, or 65 cents per share, for the fourth quarter ended Jan. 31. That compares with a loss of $29.9 million, or $1.06 per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $56.8 million, up from $46.2 million in the year-earlier quarter.
For the full year 2020, the company reported a net loss of $84.6 million, or $2.89 per share, which compares with a loss of $125.7 million, or $4.57 per share, for 2019.
Revenue in 2020 totaled $210.2 million, up from $173.4 million in 2019.
Domo is a business cloud company.
“Q4 capped off an incredible year in which our entire team’s commitment to customer success drove outstanding performance across the board,” Josh James, founder and CEO, said in announcing the results. “Our strong performance and much improved financial position has put us in an excellent position to continue to execute and I’m thrilled to be pursuing our growth initiatives in FY22.”
Superior Drilling Products
Superior Drilling Products Inc., based in Vernal, reported a net loss of $655,000, or 3 cents per share, for the quarter ended Dec. 31. That compares net with income of $125,000, or zero cents per share, for the same quarter a year earlier.
Revenue in the fourth quarter totaled $1.5 million, down from $4.3 million in the year-earlier quarter.
For the full year 2020, the company reported a net loss of $3.4 million, or 13 cents per share, which compares with a loss of $936,000, or 4 cents per share, for 2019.
Revenue in 2020 totaled $10.5 million, down from $19 million in 2019.
Superior Drilling designs and manufactures drilling tool technologies.
“We are realizing the impact of the improvement in the industry as we add back variable costs to address improving demand,” Troy Meier, chairman and CEO, said in announcing the results. “As we advanced through the fourth quarter and into 2021, we have had more activity in North America than we have seen since before the pandemic. It is encouraging to see the market improve, but more importantly, we are optimistic given the growing recognition with more operators of the Drill-N-Ream — our unique, patented well bore conditioning tool. While International markets were challenged with the pandemic which restricted customers’ operations, we nonetheless continued to build market share and expanded the markets we serve.”
Profire Energy
Profire Energy Inc., based in Lindon, reported net income of $55,918, or zero cents per share, for the quarter ended Dec. 31. That compares with a loss of $1.6 million, or 3 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $5.7 million, down from $8.1 million in the year-earlier quarter.
For the full year 2020, the company reported a net loss of $2.2 million, or 5 cents per share, which compares with net income of $2 million, or 4 cents per share, for 2019.
Revenue in 2020 totaled $21.5 million, down from $39 million in 2019.
Profire provides solutions that enhance the efficiency, safety and reliability of industrial combustion appliances.
“The combination of lower demand, as a result of the COVID-19 pandemic, and excess supply, resulting in historically low crude oil prices in the second quarter, made 2020 the most challenging year in our company’s history,” Ryan Oviatt, co-CEO and chief financial officer said in announcing the results.
“We responded swiftly to adjust our operating cost structure, and reduced SG&A expenses by $3.8 million for the full year. We also generated full-year positive operating cash flow while remaining debt-free.”
Lipocine
Lipocine Inc., based in Salt Lake City, reported a net loss of $21 million, or 38 cents per share, for the most recent fiscal year. That compares with a loss of $13 million, or 50 cent per share, for 2019.
The company reported no revenues in 2020, compared with $165,000 in 2019.
Lipocine is a clinical-stage biopharmaceutical company focused on metabolic and endocrine disorders.
“Lipocine had a number of important accomplishments in 2020, most notably the U.S. Food and Drug Administration decision to grant tentative approval to TLANDO, the company’s oral testosterone product for testosterone replacement therapy in adult males with hypogonadism,” Dr. Mahesh Patel, chairman, president and CEO, said in announcing the results. “We are committed to taking action to receiving final approval to permit the launch of the product.”