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Dynatronics Corp (NASDAQ: DYNT) is a prominent United States-based company renowned for its innovative medical devices and restorative products targeted towards achieving optimal health. Established over 31 years ago, Dynatronics has built a robust reputation for competitive pricing, exemplary customer service, and unmatched clinical support. The company designs, manufactures, and distributes advanced-technology medical devices, therapeutic tables, rehabilitation equipment, and a wide array of rehabilitation and therapy products and supplies.
Dynatronics’ product portfolio includes electrotherapy, therapeutic ultrasound, phototherapy, customized athletic training treatment tables, institutional cabinetry, and exercise products. These products are marketed to a diverse range of healthcare professionals such as physical therapists, chiropractors, athletic trainers, and sports medicine practitioners. The company’s commitment to quality is reflected in its reputable brands including Bird & Cronin®, Solaris™, Hausmann®, Physician's Choice®, and PROTEAM™, among others.
With over 60 sales representatives and 150 active distributors located nationwide, Dynatronics ensures immediate service and extensive field support, from equipment setup to in-service training. Their experienced and knowledgeable sales force is one of the most respected in the industry.
In recent developments, Dynatronics has made significant strides to optimize its cost structure and strengthen its balance sheet. The company recently entered into a new Loan and Security Agreement with Gibraltar Business Capital, enhancing its operational and financial flexibility. Additionally, Brian Baker has assumed the role of Chief Executive Officer, bringing a wealth of experience and a customer-focused approach to the leadership team.
The company has shown resilience and adaptability amidst economic challenges, continuously working on business optimization strategies. The financial guidance for fiscal year 2024 shows a net sales target of $34 million to $37 million, with a strategic focus on cost reduction and margin expansion.
Dynatronics is also focusing on launching new products, with plans for a limited launch in the third quarter and a full launch in the fourth quarter of fiscal year 2024. These new product lines are expected to complement their existing offerings and contribute to the company's revenue growth.
For more information about Dynatronics Corp and its latest updates, visit www.dynatronics.com.
Dynatronics Corporation (NASDAQ:DYNT) announced the full-time return of Brian Baker as Chief Operating Officer, effective January 17, 2022. Baker previously served as COO and CEO before stepping down in July 2020 due to health issues related to COVID-19. Despite his absence, he remained a board member and consultant. CEO John Krier expressed confidence in Baker's leadership abilities, emphasizing his potential to drive growth and profitability. Baker aims to execute the company's growth strategy while collaborating closely with the leadership team and employees.
Dynatronics Corporation (NASDAQ:DYNT) reported its Q1 FY '22 financial results, noting total net sales of $12.3 million and a gross profit margin of 29.8%, up from 27.0% in FY '21. The company posted a net income of $483,000 and held no debt with $5.5 million in cash. Dynatronics expects FY '22 net sales to range between $40 million and $45 million, anticipating a 15% improvement over its FY '21 baseline. Challenges related to COVID-19 and supply chain disruptions may impact operations, but the company is focused on business transformation and improving margins.
Dynatronics Corporation (NASDAQ:DYNT) will release its financial results for the fiscal first quarter ending September 30, 2021, on November 11, 2021, before market opening. A conference call is scheduled for the same day at 10:00 AM ET, featuring management remarks, a presentation, and a Q&A session. Interested participants can join the live call via designated U.S. and international numbers and access the webcast on the company’s Investor webpage. The company specializes in manufacturing products for athletic training, physical therapy, and rehabilitation.
Dynatronics Corporation (NASDAQ:DYNT) announced its participation in two investor conferences to share recent business highlights. The LD Micro Main Event will take place on October 13, 2021, with CEO John Krier presenting at 9:30 AM ET, accessible via a live webcast. The Q4 Investor Summit is scheduled for November 16-17, 2021, where Krier and the leadership team will engage in presentations and one-on-one meetings with investors. Presentation materials will be available on the company’s Investor Relations website prior to the events.
Dynatronics Corporation (NASDAQ:DYNT) reported its Q4 and fiscal year 2021 results, highlighting a significant turnaround with net sales of $12.2 million and a net income of $2.9 million, compared to a net loss the previous year. The company announced revenue guidance for FY '22, expecting sales of $40 million to $45 million. Financial highlights included a gross profit margin of 27.0% for FY '21 and a strong cash position of $6.1 million. Challenges remain due to COVID-19, which could impact supply chains and delivery costs.
Dynatronics Corporation (NASDAQ:DYNT) announced the release of its financial results for the fourth quarter and full fiscal year ending June 30, 2021, scheduled for September 23, 2021, before market opening. A conference call, including management remarks and a Q&A session, will occur at 8:30 AM ET on the same day. Interested parties can join the call via provided phone numbers or access the live webcast on the company’s investor webpage. An audio replay will be available afterward until September 30, 2021.
Dynatronics Corporation (NASDAQ:DYNT) reported preliminary unaudited net sales of approximately $12.1 million for Q4 FY '21, with continued product net sales at $9.7 million. The company noted a cash position of $6.1 million, a 176% increase from last year. CEO John Krier highlighted strong customer response to optimization initiatives, aligning with previous plans for improving financial performance. Despite positive momentum, challenges from COVID-19, including higher delivery costs and supply chain disruptions, may impact future operations.
Dynatronics Corporation (NASDAQ:DYNT) will participate in the Canaccord Genuity 41st Annual Growth Conference on August 12, 2021, at 2:30 PM ET. The presentation will be virtual, with one-on-one meetings available prior to the event. The company plans to make its presentation slides available on its website before the conference. Dynatronics is recognized for its high-quality rehabilitation and athletic training products, marketed under several well-known brands.
Dynatronics Corporation (NASDAQ:DYNT) has promoted Sarah Rome-Mealman to Vice President of Marketing, a role aimed at enhancing product strategy and research for the company's innovative offerings. With over 13 years in the medical device industry, Ms. Rome-Mealman previously served as Director of Product Marketing at Dynatronics. She successfully launched new products earlier this year and has played a key role in the company's internal rebranding. CEO John Krier emphasizes her contributions as vital to the company's growth objectives.
Dynatronics Corporation (NASDAQ:DYNT) announced on June 3, 2021, that George C. Murray has joined the company as Vice President of Global Operations and Supply Chain, effective May 26, 2021. Mr. Murray brings over 20 years of experience in manufacturing, supply chain management, and executive leadership, having worked with companies like Rockwell Automation and DRS Technologies. His role aims to enhance manufacturing operations, drive growth, and increase shareholder value. CEO John Krier expressed excitement for Mr. Murray's addition to the leadership team.
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