Dynatronics Q3 net sales $7.7M, net loss narrows; FY2024 revenue guidance cut to $32.5M-$34M

DYNATRONICS CORP

2024-Q3 EPS reported -$0.57 revenue$25,161,111

Q3 net sales $7.7M; net loss attributable to common stockholders $0.9M vs $1.4M YoY improvement.
Gross profit margin 23.7%; net cash $0.6M; $2.4M drawn on line of credit with $1.9M available.
FY2024 revenue guidance lowered to $32.5M-$34M due to slower rehab demand and private label changes.
New product lines introduced (Timber, Titan Premier, Forged) but early to estimate revenue contribution.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

DYNATRONICS CORP reported third quarter of fiscal year 2024 ended March 31, 2024 results: revenue $7.7 million. Guidance reaffirmed.

Period: third quarter of fiscal year 2024 ended March 31, 2024
Revenue: $7.7 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

conformity with U.S. Generally Accepted Accounting Principles and comparisons in this release are to the same period in the prior year unless otherwise noted. Total net sales of $7.7 million. Gross profit margin of 23.7%. Net loss attributable to common stockholders of $0.9 million compared to net loss attributable to common stockholders of $1.4 million in Q3 fiscal

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Source: SEC EDGAR

accession 0001062993-24-010410

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