Dynatronics Announces Increases in Pre-tax Profits and Net Income for the Quarter Ended December 31, 2009
14 January 2010 - 4:24AM
PR Newswire (US)
SALT LAKE CITY, Jan. 13 /PRNewswire-FirstCall/ -- Dynatronics
Corporation (NASDAQ:DYNT) expects increases in pre-tax profits and
net income for the quarter ended December 31, 2009. Final results
will be announced in the next few weeks. Higher than expected sales
in the month of December combined with reductions in expenses
support the company's expectations of pre-tax profits in the range
of $275,000 to $300,000 for the quarter ended December 31, 2009
compared to pre-tax profits of $89,917 for the quarter ended
December 31, 2008. Net income is expected to be approximately
$170,000 to $185,000 for the quarter ended December 31, 2009
compared to net income of $54,598 for the quarter ended December
31, 2008. "The second quarter is typically a strong sales and
profit quarter for the company, but this exceeded our
expectations," said Kelvyn H. Cullimore, chairman and president of
Dynatronics. "Given the ongoing challenges to economic growth in
the United States this increase in profitability over last year is
very gratifying and indicative of improved operating efficiencies
along with increased sales of high margin capital equipment."
"Looking ahead, we anticipate continued improvement in sales and
net income from the expansion of our direct sales force and the
preferred vendor agreements with large chains of clinics which were
recently announced," added Cullimore. "Our velocity continues to
increase in a positive direction, and we expect this trend to
continue." 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 http://www.dynatronics.com/. This press release
contains forward-looking statements. Those statements include
references to the company's expectations and similar statements
such as the statement regarding increases in pre-tax profits and
net income for the quarter ended December 31, 2009 and the
expectation for continued improvement in sales and net income from
the expansion of the company's direct sales force and the preferred
vendor agreements with large chains of clinics. 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, including, but not limited to, changes in the
regulatory environment, competitive factors, inventory risks due to
shifts in market demand, market demand for the company's products,
availability of financing at cost effective rates, and the risk
factors listed from time to time in the company's SEC reports
including, but not limited to, the report on Form 10-K for the year
ended June 30, 2009. DATASOURCE: Dynatronics Corporation CONTACT:
Bob Cardon of Dynatronics Corporation, 1-800-874-6251,
+1-801-568-7000 Web Site: http://www.dynatronics.com/
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