Dynatronics reports Q4 net sales of $7.4M, FY2024 net loss of $2.7M; director resigns

DYNATRONICS CORP

Q4 FY2024 net sales $7.4M; gross margin 22.9%; net loss $0.7M.
FY2024 net sales $32.5M; gross margin 23.5%; net loss $2.7M.
Cash $0.5M; $2.1M drawn on $5.9M asset-based line ($3.8M available).
Director Brian M. Larkin resigned Sept 23, 2024; no immediate plans to fill vacancy.
FY2025 priorities: new products, strengthen OEM/distribution, cost cuts, inventory optimization.

item 5.02 item 9.01

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Departed

Brian M. Larkin

Director

DYNATRONICS CORP

Effective: 2024-09-23
Filed: September 24, 2024, 7:59 PM ET

On September 23, 2024, Brian M. Larkin tendered his resignation as a director of Dynatronics Corporation (the "Company") to the Company's Board of Directors (the "Board").

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Brian M. Larkin resigned as Director at DYNATRONICS CORP.

Action: resigned
Role: Director

Exact text from the filing

On September 23, 2024, Brian M. Larkin tendered his resignation as a director of Dynatronics Corporation (the "Company") to the Company's Board of Directors (the "Board").

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Source: SEC EDGAR

accession 0001062993-24-016945

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