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Dynatronics Announces Fiscal Year 2008 Operating Results
Date:9/29/2008

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A summary of the financial results for the three and twelve months ended June 30, 2008, follows:

Summary Selected Financial Data

Statement of Operations Highlights

Three Months Ended Twelve Months Ended

June 30, June 30,

2008 2007 2008 2007

Net sales $8,057,572 $4,939,425 $32,592,507 $17,837,104

Cost of sales 5,022,123 2,761,875 20,450,570 10,925,316

Gross profit 3,035,449 2,177,550 12,141,937 6,911,788

SG&A expenses 3,232,380 1,603,167 13,473,190 5,541,860

R&D expenses 283,749 339,038 1,354,743 1,492,774

Goodwill impairment 6,636,466 - 6,636,466 -

Other expense, net 147,953 18,809 593,093 148,397

Net income (loss)

before income

taxes (7,265,099) 216,536 (9,915,555) (271,243)

Income tax expense

(benefit) (501,098) 1,593 (1,471,784) (186,201)

Net income

(loss) $(6,764,001) $214,943 $(8,443,771) $(85,042)

Net income (loss)

per share

(diluted) $(.50) $.02 $(.62) $(.01)

Balance Sheet Highlights

June 30, June 30,

2008 2007

Cash $288,481 $1,301,105

Accounts Receivable 5,151,235 3,757,484

Inventories 6,283,068 5,313,984

Total current assets 12,981,686 11,651,927

Total assets $18,427,
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SOURCE Dynatronics Corporation
Copyright©2008 PR Newswire.
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