The following are recent financial reports as posted by selected Utah corporations:
Co-Diagnostics
Co-Diagnostics Inc., based in Salt Lake City, reported a net loss of $37.6 million, or $1.24 per share, for the most recent fiscal year. That compares with a loss of $35.3 million, or $1.20 per share, in the prior year.
Revenue in the most recent year totaled $3.9 million, down from $6.8 million in the prior year.
Co-Diagnostics is a molecular diagnostics company with a platform for the development of molecular diagnostic tests.
"We are pleased by the progress of our pipeline development in 2024," Dwight Egan, CEO, said in announcing the results. "We remain well-positioned to execute our development and regulatory goals in 2025 and strongly believe in the potential of the platform, our people and the company to make a positive impact on the state of global health."
Sky Quarry
Sky Quarry Inc., based in Woods Cross, reported a loss of $14.7 million, or 77 cents per share, for the full fiscal year ended Dec. 31. That compares with a loss of $4.5 million, or 27 cents per share, in the prior year.
Revenue for the full year 2024 totaled $23.4 million, down from $50.7 million in the prior year.
Sky Quarry is an energy solutions company focused on revolutionizing the waste asphalt shingle recycling industry.
"2024 was a significant year for our company," David Sealock, chairman and CEO, said in announcing the results. "Sky Quarry achieved several key milestones in 2024, including our Nasdaq listing for our shareholders, continued and steady revenue at our Foreland (Nevada) refinery, and a stepwise capital investment program to keep our PR Spring and Asphalt Shingle Recycling portfolios moving forward."
Sportsman's Warehouse
Sportsman's Warehouse Holdings Inc., based in West Jordan, reported a net loss of $8.7 million, or 23 cents per share, for the quarter ended Feb. 1. Those results are comparable to the same quarter a year earlier.
Net sales in the most recent quarter totaled $340.4 million, down from $370.4 million for the prior-year quarter.
For the full fiscal year, the company reported a net loss of $33.1 million, or 87 cents per share. That compares with a loss of $29 million, or 77 cents per share, for the prior fiscal year. Sales in the most recent fiscal year totaled nearly $1.2 billion, down from $1.29 billion in the prior fiscal year.
The company is an outdoor specialty retailer.
"We were pleased that our quarterly trends continued to improve, with same-store sales down slightly at 0.5 percent in the fourth quarter on a year-over-year comparable 13-week basis," Paul Stone, president and CEO, said in announcing the results. "The business also continues to outpace the adjusted NICS data, suggesting that we are taking share and outselling the industry in our core hunting and shooting sports category. The changes that we implemented earlier in the year to improve the in-store experience and refine our merchandise to meet the needs of local and seasonal demand are paying off. We ended the year with lower and cleaner-than-forecasted inventory and generated positive cash flow for the full year."