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Dynatronics Announces First Quarter Financial Results
Date:11/14/2013

30,20132012Net sales

$

7,055,4287,206,025Cost of sales4,474,3594,495,177Gross profit2,581,0692,710,848Selling, general, and administrative expenses2,379,3692,459,104Research and development expenses314,823266,268Total other expense55,38659,085Loss before income tax benefit (168,509)(73,609)Income tax benefit 60,72522,464Net  loss

$

(107,784)(51,145)Diluted net loss per common share

$

(0.04)(0.02) Balance Sheet Highlights As of September 30,20132012Cash and cash equivalents

$

220,660302,050Trade accounts receivable3,256,4323,246,712Inventories, net6,255,3176,407,553Total current assets10,748,42410,879,449Total assets

$

14,900,15615,104,587Line of credit3,616,6013,496,390Accounts payable2,453,4412,751,894Accrued expenses388,855347,221Accrued payroll and benefits expense325,318216,266Total liabilities8,781,0718,895,637Total liabilities and stockholders' equity

$

14,900,15615,104,587About Dynatronics Corporation:Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets. More information regarding Dynatronics is available at www.dynatronics.com.

Safe Harbor NotificationThis press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements such as the statement regarding expectations for future new product introductions and plans to expand distribution. Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company's products are subject to a number of risks and uncertainties, i
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SOURCE Dynatronics Corporation
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