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Dynatronics Reports Significant Improvement in Operations
Date:5/14/2009

SALT LAKE CITY, May 14 /PRNewswire-FirstCall/ -- Dynatronics Corporation (Nasdaq: DYNT) today announced results for its fiscal third quarter and nine months ended March 31, 2009.

Operating results showed significant improvement over the three and nine months ended March 31, 2008. Pre-tax profit for the quarter ended March 31, 2009 improved to $213,304, compared to a pre-tax loss of $1,019,557 for the third quarter of fiscal year 2008. Net income for the quarter ended March 31, 2009 was $141,576 ($.01 per share), compared to a net loss of $628,775 ($.05 per share) for the third quarter of the prior fiscal year.

Dynatronics saw a turnaround of approximately $2,800,000, with pre-tax profit for the nine months ended March 31, 2009 of $112,393, compared to a pre-tax loss of $2,650,456 for the same period in fiscal year 2008. Net income for the nine months ended March 31, 2009 was $57,223 ($.00 per share) - a significant improvement compared to a net loss of $1,679,770 ($.12 per share) for the same period one year ago.

Approximately $472,000 of the improvement in pre-tax income for the quarter and nine months ended March 31, 2009 resulted from the reversal of an accrued liability due to the cancellation of a retirement benefit previously owed to two executive officers of the company, Kelvyn H. Cullimore, Jr. and Larry K. Beardall.

Sales for the quarter ended March 31, 2009 were $7,633,419 compared to $7,781,871 for the similar period of the prior year. Sales for the nine months ended March 31, 2009 were down less than one percent, totaling $24,348,461 compared to $24,534,934 for the same period in the prior year.

"We have worked hard to maintain sales and significantly improve operating results through the first nine months of this fiscal year," stated Kelvyn H. Cullimore Jr., chai
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SOURCE Dynatronics Corporation
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