The following are recent financial reports as posted by selected Utah corporations:
Varex
Varex Imaging Corp., based in Salt Lake City, reported net income of $12.2 million, or 29 cents per share, for the fiscal fourth quarter ended Oct. 3. That compares with a net loss of $51.1 million, or $1.25 per share, for the same quarter a year earlier.
Revenues in the most recent quarter totaled $228.9 million, up from $205.7 million in the year-earlier quarter.
For the full fiscal year, the company reported a net loss of $70.3 million, or $1.70 per share. That compares with a loss of $48.8 million, or $1.20 per share, for the prior fiscal year. Revenue in the most recent year totaled $844.6 million, up from $811 million in the prior 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, as well as X-ray imaging systems for industrial applications. It employs approximately 2,400 people located in North America, Europe
and Asia.
“Fourth-quarter revenue reached $229 million, up 11 percent year-over-year and at the high-end of our expectations,” Sunny Sanyal, CEO, said in announcing the results. “This strong finish to the fiscal year was driven primarily by global CT tube sales in our Medical segment, while sustained momentum in our cargo systems business drove a 25 percent increase in Industrial segment sales compared to last year.”
Domo
Domo Inc., based in American Fork, reported a net loss of $10.4 million, or 25 cents per share, for the third quarter ended Oct. 31. That compares with a loss of $18.8 million, or 48 cents per share, for the same quarter a year earlier.
Revenue in the most recent quarter totaled $79.4 million, compared with $79.8 million in the year-earlier quarter.
Domo offers an AI and data products platform for companies.
“Our ecosystem strategy is working,” Josh James, founder and CEO, said in announcing the results. “We expect to be free cash flow positive for the year and each quarter within the year. Our guidance for Q4 reflects the fastest billings growth we’ve seen in over three years, and we expect to see a marked improvement in gross retention this next quarter and into next year. We believe that these are all strong indications of our ability to deliver profitable, sustainable growth.”
Sportsman’s Warehouse
Sportsman’s Warehouse Holdings Inc., based in West Jordan, reported net income of $8,000, or zero cents per share, for the third quarter ended Nov. 1. That compares with a net loss of $364,000, or 1 cent per share, for the same quarter a year earlier.
Sales in the most recent quarter totaled $331.3 million, up from $324.3 million in the prior-year quarter.
Sportsman’s Warehouse is a specialty outdoor-products retailer.
“This quarter we delivered our third consecutive period of positive same-store sales growth, driven by strong performance in our hunting, fishing, firearms and personal protection categories, while continuing to gain share in a highly promotional and challenging retail environment,” Paul Stone, CEO, said in announcing the results.
Stone said the company in mid-October started to see a softening in consumer spending from external disruptions, “which is weighing on our early fourth-quarter sales. While still early, we are carefully navigating these consumer headwinds, and remain focused on disciplined execution, prudent cost management, and improving inventory productivity.”
Security National
Security National Financial Corp., based in Salt Lake City, reported after-tax earnings of $7.8 million for the quarter ended Sept. 30. That compares with $11.8 million for the same quarter a year earlier.
Revenues in the most recent quarter totaled $89.3 million, up from $88.3 million in the year-earlier quarter.
The company has three business segments: life insurance, cemeteries/mortuaries and mortgages.
“While the third quarter was definitely weak from my point of view, being $4 million below Q3 2024 or roughly 34 percent, there are some definite bright spots which partially illuminate much of the hard work that has gone on,” Scott M. Quist, president, said in announcing the results.
Recursion
Recursion Pharmaceuticals Inc., based in Salt Lake City, reported a net loss of $162.3 million for the third quarter ended Sept. 30. That compares with a net loss of $95.8 million for the same quarter a year earlier.
Revenue in the most recent quarter totaled $5.2 million, down from $26.1 million in the year-earlier quarter.
Recursion is a clinical-stage biotechnology company.
“Recursion continues to deliver on our internal pipeline, our strategic partnerships and the continued building and refinement of the Recursion OS,” Chris Gibson, co-founder and CEO, said in announcing the results.
“On the partnership front, we are proud to announce that with the option of our second neuro map in the Roche and Genentech collaboration, we’ve achieved over $500 million in upfront and milestone payments from our partners to date as we continue to deliver novel insights and advance programs for some of the toughest disease areas. This is only the beginning of the returns we expect to see on the investment in our platform.”