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Dynatronics Announces First Quarter Results
Date:11/14/2012

f intense R&D effort. As a result, the new products can be developed quickly and with minimal additional R&D expenditures."

In a separate matter, Dynatronics announced the approval of its new GSA contract with the United States government. "This contract allows us to sell therapy equipment and medical supplies to the United States government, including its Veterans Affairs medical facilities and armed forces," reported Larry K. Beardall, executive vice president of sales and marketing. "Initial orders from governmental facilities have been encouraging and we believe this segment of our business will flourish."

"Our strategy of introducing new products, combined with our distribution channel expansion and continued effort to scale costs and overhead to current sales levels, is designed to enable Dynatronics to grow and improve its financial performance," Cullimore concluded.

Dynatronics has scheduled a conference call for investors on Wednesday, November 14, 2012, at 4:30 p.m. ET. Those wishing to participate should call (800) 658-7107.

The following is a summary of the financial results as of September 30, 2012 and 2011, and for the three-month period then ended:Summary Selected Financial DataStatement of Operations HighlightsThree Months EndedSeptember 30,20122011Net sales

$ 7,206,025

$ 7,996,802Cost of sales

4,495,177

4,994,704Gross profit

2,710,848

3,002,098SG&A expenses

2,459,104

2,694,867R&D expenses

266,268

356,347Other expenses, net

59,085

56,812Net loss before income tax benefit

(73,609)

(105,928)Income tax benefit

22,464

37,669Net loss

$
(51,145)

$
(68,259)Diluted net loss per common share

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SOURCE Dynatronics Corporation
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