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Dec. 4, 2022

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Quarterly reports for publicly traded Clark County companies mostly good news

Local businesses largely see growth

By , Columbian staff writer
Published:

Early November means quarterly reporting time for publicly traded companies. For the companies based locally, there was growth for some while others reported operating losses and declines in revenue.

Vancouver-based ZoomInfo reported a 46 percent increase in revenues compared with 2021, with $287.6 million in revenue. The company’s operating income was $51.8 million, a 156 percent increase, while its operating income margin was 18 percent.

ZoomInfo trades on the Nasdaq stock exchange as ZI. Its stock closed at $31.34 Monday.

Northwest Pipe Co. reported a 45.3 percent increase in net sales, coming in at $123 million, which is up from $84.6 million in the third quarter of 2021. The company’s gross profits increased by 103.2 percent to $25.1 million compared with last year.

Northwest Pipe Co., which is headquartered in Vancouver, trades on the Nasdaq as NWPX. Its stock closed Monday at $34.39.

Absci, which is based in Vancouver, reported revenues were up in its third quarter compared with last year. The company reported $2.4 million in revenue, compared with last year’s $1.5 million. Expenses increased year over year, with $15.5 million spent in research and development and other general expenses rising to $9.7 million.

Absci, which trades on the Nasdaq as ABSI, saw its stocks close Monday at $3.12.

Nautilus, the Vancouver-based fitness equipment giant, has seen its sales normalize following the surge it saw during the pandemic. The company reported its sales were $65.5 million in its second fiscal quarter as compared to $138 million last year. Compared with the same period in 2020, however, the company’s sales are up 24 percent. Gross profit was also down, reported this quarter at $11.5 million as compared to $42.1 million last year. That being said, expenses also decreased significantly, coming in at $25.8 million this quarter, while they were $44 million last year.

Nautilus trades on the New York Stock Exchanged as NLS. Its stock closed Monday at $1.45.

The business management solution firm Barrett Business Services Inc. reported its revenues at $273.8 million, an 11 percent increase over last year’s third quarter. The company also reported its gross billings were up by 13 percent and its net income was up to $17.4 million, compared with $14.9 million in the third quarter of last year.

Vancouver-based Barrett Business Services Inc. trades on the Nasdaq as BBSI. Its stock closed Monday at $95.44.

Semiconductor and fiber laser manufacturer nLIGHT reported its revenues were down in the third quarter of this year. Its revenues were $60.1 million this quarter compared with $72.2 million during the same time in 2021, a 16.8 percent decline. The company reported a net loss of $13 million compared with a net loss of $6.9 million in last year’s third quarter.

nLIGHT Inc., which is headquartered in Camas, trades on the Nasdaq stock exchange as LASR. The company’s stock closed Monday at $11.15.

Vancouver-based Riverview Bancorp Inc. reported its second fiscal quarter earnings at $5.2 million, compared with $6.4 million in the second quarter of 2021. The company’s net interest income increased to $13.4 million compared with $12.4 million a year ago. The bank’s loans increased $96.5 million compared to last year. The company reported that its deposits decreased by $6.3 million compared with the previous quarter, which Bancorp says was primarily due to the decline in Certificate of Deposit account balances.

Riverview Bancorp Inc., which trades on the Nasdaq as RVSB, saw its stock close Monday at $7.18.

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