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Dynatronics Announces First Quarter Results

d marketing. "Our sales directors are busy training our sales representatives on converting the new GPO clinics and hospitals to our brand. In addition, we are working with a dozen additional GPO groups and national accounts to sign preferred vendor contracts," added Beardall.

"With the new products under development and the potential of increased sales to new GPO clinics and national accounts, we continue to be optimistic about the future," Cullimore concluded.

Dynatronics has scheduled a conference call for investors on Monday, November 14, 2011, at 1:30 p.m. ET. Those wishing to participate should call (800) 926-5230 and use access code 5687000.

Following is a summary of the financial results as of September 30, 2011 and 2010, and for the three-month periods then ended:   Summary Selected Financial DataStatement of Income HighlightsThree Months EndedSeptember 30,20112010Net sales


$7,919,288Cost of sales


4,967,455   Gross profit


2,951,833SG&A expenses


2,500,517R&D expenses


349,796Other expenses, net


71,783   Net income (loss) before income taxes


29,737Income tax benefit (provision)


(12,725)   Net income (loss)


7,012Diluted income (loss) per common share


Balance Sheet HighlightsSeptember 30,June 30,20112011Cash


384,904Accounts receivable




5,647,815Total current assets


10,432,811Total assets



SOURCE Dynatronics Corporation
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