secwatch.observer — SEC 8-K summary
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Issuer:     DYNATRONICS CORP (—)
CIK:        0000720875
Form:       8-K
Filed at:   2024-09-24T23:59:59+00:00
Accession:  0001062993-24-016945
Event type: earnings
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/720875/000106299324016945/0001062993-24-016945-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/720875/000106299324016945/form8k.htm
  HTML page:      https://secwatch.observer/filing/0001062993-24-016945

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