"To offset the challenges affecting our market, we are aggressively pursuing a new strategic marketing plan that focuses on our unique advantages as both a manufacturer and distributor," reported Larry K. Beardall , executive vice president of sales and marketing. "Following the recent release of the Company's new product catalog which contains more than 1,000 new items, we are about to begin one of the most aggressive expansions of distribution in the Company's history."
"With new expanded distribution in place, we will continue the release of several innovative capital products over the coming quarters," continued Beardall. "One of the new products being developed will be, in our opinion, among the most innovative products introduced in our market in the past decade. Our decision to focus on our unique strengths allows us to pursue a plan for expansion in spite of challenging market conditions."
Dynatronics has scheduled a conference call for investors today, Tuesday, May 14, 2013, at 1:30 p.m. ET. Those wishing to participate should call (800) 272-9104.
The following is a summary of the financial results as of March 31, 2013 and 2012, and for the three- and nine-month periods then ended: Summary Selected Financial DataStatement of Operations HighlightsThree Months EndedNine Months EndedMarch 31March 312013201220132012Net sales$
7,070,292$ 7,653,586$22,274,637$23,925,818Cost of sales4,450,5284,808,62913,845,11014,865,805Gross profit2,619,7642,844,9578,429,5279,060,013Selling, general, and admin. expenses2,383,8712,667,8677,408,2578,049,134Research and development expenses271,735361,912812,3821,131,120Other expense, net59,55560,618177,750158,949Income (loss) before inc
|SOURCE Dynatronics Corporation|
Copyright©2012 PR Newswire.
All rights reserved