Navigation Links
Dynatronics Receives NASDAQ Minimum Bid Price Deficiency Letter
Date:6/17/2010

SALT LAKE CITY, June 17 /PRNewswire-FirstCall/ -- Dynatronics Corporation (Nasdaq: DYNT) today announced that the company has received a letter from NASDAQ stating that for the last 30 consecutive business days, the bid price of its common stock has closed below the minimum $1.00 per share requirement for continued inclusion under NASDAQ's Marketplace Rules. As a result, the company will be given 180 calendar days, or until December 13, 2010, to regain compliance. If, at anytime before December 13, 2010, the bid price of the common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days, NASDAQ will provide written notification that compliance has been regained.

Dynatronics' management believes that it can regain compliance with NASDAQ's minimum bid requirement.  

"Despite our positive growth in sales and profits over the past six quarters, we have been negatively affected by the recent volatility in the stock market that has pushed our stock price below the $1.00 minimum bid price requirement," stated Kelvyn H. Cullimore Jr., chairman and president of Dynatronics. "While there is little we can do about market volatility, we can focus our efforts on the things we can control, such as accelerating the rate of improvement in operations and profitability.  

"The recently announced 445% increase in pre-tax profits for the nine-months ended March 31, 2010 is reflective of our enhanced marketing efforts and strategic reductions in expenses," continued Cullimore.  "There are indications economic conditions are improving as evidenced by a strengthening trend in sales of capital equipment.  Capital equipment sales in this quarter thus far are continuing the upward trend we saw start in the previous quarter.  In addition, the relationships we are building with large chains of clinics and hospitals, national accounts and group purchasing organizations (GPOs), are expected to increase profitability and help move us forward in a positive direction, regardless of market volatility."  

Dynatronics manufactures, markets and distributes advanced-technology medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment for the physical therapy, sports medicine, chiropractic, podiatry, plastic surgery, dermatology and other related medical, cosmetic and aesthetic markets. More information regarding Dynatronics is available at www.dynatronics.com.

This press release contains forward-looking statements. Those statements include references to the company's expectations and similar statements. Actual results may vary from the views expressed in the forward-looking statements contained in this release. The development and sale of the company's products are subject to a number of risks and uncertainties, including, but not limited to, changes in the regulatory environment, competitive factors, inventory risks due to shifts in market demand, market demand for the company's products, availability of financing at cost effective rates, and the risk factors listed from time to time in the company's SEC reports including, but not limited to, the report on Form 10-K for the year ended June 30, 2009, and its subsequent quarterly reports on Form 10-Q.


'/>"/>
SOURCE Dynatronics Corporation
Copyright©2010 PR Newswire.
All rights reserved

Related medicine technology :

1. Dynatronics to Release Third Quarter Results Monday, May 17, 2010; Conference Call Set for 1:30 p.m. ET
2. Dynatronics Regains Compliance With NASDAQ
3. Dynatronics to Release Second Quarter Results Monday, February 1, 2010; Conference Call Set for 1:30 p.m. ET
4. Dynatronics Announces Increases in Pre-tax Profits and Net Income for the Quarter Ended December 31, 2009
5. Dynatronics Inks Preferred Vendor Agreement with 1,100 Member Preferred Therapy Providers, Inc.
6. Dynatronics Receives 180-Day NASDAQ Extension
7. Dynatronics Named Sole-Source Supplier to Benchmark Physical Therapy
8. Dynatronics Announces Positive Financial Results for Quarter
9. Dynatronics to Release First Quarter Results Friday, November 13, 2009; Conference Call Set for 1:30 p.m. ET
10. Dynatronics Will Request Hearing With Nasdaq Regarding Listing Status
11. Dynatronics Appoints Douglas Sampson as Vice President of Production and Research & Development
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/1/2017)... Italia, March 1, 2017 El mismo sistema se mostrará en ... Reading ... The open MRI scanner - MROpen engineered ... ... en el Reino Unido y la primera en Gales. El escáner se localizará en el ...
(Date:2/28/2017)... -- Mechanical Ventilators Market: Scope of the Study ... This report provides forecast and analysis of the ... It provides historical data of 2015 along with forecast ... Mn) and volume (units). The report also includes macroeconomic ... globally. It includes drivers and restraints of the mechanical ...
(Date:2/28/2017)... 28, 2017 Persistence Market Research tables ... management market in a new publication named, "Dysphagia ... As the name suggests, we have forecasted the ... and on the basis of the various market ... the opportunities available to all the companies operating ...
Breaking Medicine Technology:
(Date:3/1/2017)... ... ... One of the most popular shows on television, NBC’s This is Us, ended it’s ... to life after suffering cardiac arrest on Christmas Eve. Viewers were relieved to ... to marry his best girl. In reality only 10% of out-of-Hospital cardiac arrest ...
(Date:3/1/2017)... ... ... (HPE) today announced its VelociRaptor 600 upgrade for the 2017 Ford Raptor truck. The ... bhp and 510 lb-ft of torque to 605 bhp and 622 lb-ft. of torque. ... running down the ¼ mile in just 12.9 seconds at 110 mph. , “Our last ...
(Date:3/1/2017)... ... , ... The Industrial Designers Society of America (IDSA) is marking National ... of industrial design (ID) and relaunching "What Is ID?" —one of the most ... parents; and the greater public. , Share details and photos of National ID Day ...
(Date:3/1/2017)... HILLS, CA (PRWEB) , ... March 01, 2017 , ... ... cryoablation for the treatment of early stage breast cancer and where it fits in ... Genes & The Choices We Make .” The event brings together leading cancer and ...
(Date:3/1/2017)... ... , ... NYC based Integrated practice Living Well Medical, a long time leader ... Orthopaedic Surgeon Dr. Donald E. Heitman. Dr. Heitman is a native of ... of Science degree in biology. He then obtained his medical degree from New York ...
Breaking Medicine News(10 mins):