DYNT Dynatronics Corp.
Dynatronics Corp. engages in the design, manufacture, and market of restorative products for physical therapy, rehabilitation, orthopedics, pain management, and athletic training. It offers its products to physical therapists, chiropractors, athletic trainers, rehabilitation directors, dealers, and post-acute care professionals. The company was founded by Kelvyn H. Cullimore on April 29, 1983 and is headquartered in Cottonwood Heights, UT.
Company profile
Ticker
DYNT
Exchange
Website
CEO
Brian D. Baker
Employees
Incorporated in
Location
Fiscal year end
Sector
Industry (SEC)
3M • Boston Scientific • Baxter International • Stryker • Becton Dickinson & Co • Teleflex • ResMed • Hill-Rom • Integra Lifesciences • AngioDynamics ...
Former names
DYNATRONICS LASER CORP
SEC CIK
Corporate docs
IRS number
870398434
DYNT stock data
()
Investment data
Securities sold
Number of investors
Calendar
14 May 20
8 Jul 20
30 Jun 21
News
Company financial data Financial data
| Quarter (USD) | Mar 20 | Dec 19 | Sep 19 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | 13.71M | 15.2M | 16.39M | 15.51M | |
| Net income | -1.09M | -137.66K | 98.84K | -233.11K | |
| Diluted EPS | -0.13 | -0.05 | -0.01 | -0.05 | |
| Net profit margin | -7.96% | -0.91% | 0.60% | -1.50% | |
| Operating income | -962.91K | -32.24K | 229.32K | -340.96K | |
| Net change in cash | 997.47K | 56.84K | 219.12K | -258.74K | |
| Cash on hand | 1.43M | 431.49K | 374.64K | 155.52K | |
| Cost of revenue | 9.76M | 10.61M | 11.24M | 10.97M |
| Annual (USD) | Jun 19 | Jun 18 | Jun 17 | Jun 16 | |
|---|---|---|---|---|---|
| Revenue | 62.57M | 64.41M | 35.76M | 30.41M | |
| Net income | -921.72K | -1.6M | -1.87M | -1.9M | |
| Diluted EPS | -.21 | -0.53 | -1.36 | -0.84 | |
| Net profit margin | -1.47% | -2.49% | -5.22% | -6.26% | |
| Operating income | -796.1K | -1.25M | -1.67M | -1.69M | |
| Net change in cash | -1.44M | 1.34M | -711.48K | -2.96M | |
| Cash on hand | 155.52K | 1.6M | 254.71K | 966.18K | |
| Cost of revenue | 43.39M | 43.99M | 24.25M | 20.06M |
Financial data from Dynatronics earnings reports
Recent insider trades
| Date | Owner | Security | Transaction | Code | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|
| 1 Apr 20 | Baker Brian D. | Common Stock | Buy | Aquire P | No | 0 | 5,429 | 0 | 37,338 |
| 1 Apr 20 | Enright Erin S. | Common Stock | Buy | Aquire P | No | 0 | 12,938 | 0 | 130,957 |
| 1 Apr 20 | Enright Erin S. | Common Stock | Buy | Aquire P | No | 0 | 64,464 | 0 | 1,218,171 |
| 1 Apr 20 | Larkin Brian | Common Stock | Buy | Aquire P | No | 0 | 3,846 | 0 | 146,813 |
| 1 Apr 20 | Essig Stuart | Common Stock | Buy | Aquire P | No | 0 | 12,938 | 0 | 130,957 |
| 1 Apr 20 | Essig Stuart | Common Stock | Buy | Aquire P | No | 0 | 64,464 | 0 | 1,218,171 |
| 1 Apr 20 | Ogilvie James Norman | Common Stock | Buy | Aquire P | No | 0 | 1,019 | 0 | 21,509 |
Institutional ownership Q4 2019
4.2% owned by funds/institutions
13F holders |
Current |
|---|---|
| Total holders | 10 |
| Opened positions | 3 |
| Closed positions | 6 |
| Increased positions | 3 |
| Reduced positions | 2 |
13F shares |
Current |
|---|---|
| Total value | 484K |
| Total shares | 583.24K |
| Total puts | 0 |
| Total calls | 0 |
| Total put/call ratio | – |
Largest owners |
Shares | Value |
|---|---|---|
| WFC Wells Fargo & Company | 258.8K | $215K |
| First Light Asset Management | 126.04K | $105K |
| Perritt Capital Management | 70K | $58K |
| Renaissance Technologies | 50.1K | $42K |
| Vanguard | 32.98K | $27K |
| BLK BlackRock | 22.09K | $18K |
| BAC Bank of America | 21.62K | $18K |
| DB Deutsche Bank | 1.6K | $1K |
| BCS Barclays | 11 | $0 |
| Proequities | 0 | $0 |
Financial report summary
?Management Discussion
- Net sales decreased $845,000, or 5.8%, to $13,706,000 for the quarter ended March 31, 2020, compared to net sales of $14,552,000 for the quarter ended March 31, 2019. The year-over-year decrease in net sales was driven by a reduction in sales of physical therapy and rehabilitation products as well as a decline due to COVID-19 stay-at-home restrictions and holds on elective procedures.
- Net sales decreased $1,764,000, or 3.7%, to $45,293,000 for the nine months ended March 31, 2020, compared to net sales of $47,057,000 for the nine months ended March 31, 2019. The year-over-year decrease in net sales was driven by a reduction in sales of physical therapy and rehabilitation products as well as a decline due to COVID-19 stay-at-home restrictions and holds on elective procedures.
Content analysis
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H.S. freshman Avg
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New words:
actively, activity, administered, aggregate, Aid, aimed, annum, applicable, Ascentron, asterisk, ATM, attend, bankruptcy, Canaccord, capacity, claim, collateral, compensation, conduct, confidence, connection, curb, cure, customary, daily, default, detailed, dictate, disbursement, distancing, downturn, Drug, duration, economy, employee, entertainment, epidemic, essential, established, event, evidence, evolution, exclusively, experienced, extent, factual, fail, failure, FDA, federal, Food, fourth, fraudulent, fraudulently, FTC, Genuity, global, globally, governmental, granted, half, harmed, healthcare, herewith, high, highly, ii, iii, infrastructure, initial, injunction, iv, John, judgment, Krier, legal, Letter, Likewise, local, longevity, low, magnitude, manner, marked, Master, minimizing, mitigation, Nasdaq, national, Notwithstanding, occurrence, offer, offering, ongoing, online, order, owing, ownership, pandemic, par, Paycheck, penalty, personal, point, PPP, predicted, prepaid, preserve, prevailing, prevent, preventative, prevention, Program, promissory, promote, prospective, prospectively, protecting, Protection, protective, rapidly, reaction, recent, Recently, Relief, rent, response, retail, Roth, SBA, scheduled, seizure, simplify, Simplifying, situation, Small, social, sporting, suit, suspension, temporarily, terrorism, treat, treated, treatment, ultimate, ultimately, unable, unauthorized, uncertain, volatile, volatility, warning, workforce, world
Removed:
reflect, represented
Financial reports
10-Q
2020 Q3
Quarterly report
14 May 20
10-Q
2020 Q2
Quarterly report
11 Feb 20
10-Q
2020 Q1
Quarterly report
12 Nov 19
10-K
2019 FY
Annual report
25 Sep 19
10-Q
2019 Q3
Quarterly report
14 May 19
10-Q
2019 Q2
Quarterly report
13 Feb 19
10-Q
2019 Q1
Quarterly report
13 Nov 18
10-K
2018 FY
Annual report
27 Sep 18
10-Q
2018 Q3
Quarterly report
15 May 18
10-Q
2018 Q2
Quarterly report
13 Feb 18
Current reports
8-K
Other Events
23 Jun 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
18 May 20
8-K
Dynatronics Reports Third Quarter Results for Fiscal 2020
14 May 20
8-K
Dynatronics Schedules Conference Call to Report
7 May 20
8-K
Entry into a Material Definitive Agreement
1 May 20
8-K
Dynatronics Corporation Provides Preliminary Third Quarter 2020 Sales And Withdraws Fiscal Year 2020 Outlook Due To COVID-19 Impact
2 Apr 20
8-K
Dynatronics Appoints John A. Krier as Chief Financial Officer
23 Mar 20
8-K
Entry into a Material Definitive Agreement
13 Mar 20
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
12 Mar 20
8-K
Entry into a Material Definitive Agreement
10 Mar 20
Registration and prospectus
424B5
Prospectus supplement for primary offering
13 Mar 20
S-8
Registration of securities for employees
26 Sep 19
S-3/A
Shelf registration (amended)
22 May 18
S-3
Shelf registration
15 May 18
S-3/A
Shelf registration (amended)
24 Oct 17
S-3
Shelf registration
13 Oct 17
D
$4M in equity / options, sold $4M, 1 investor
10 Oct 17
D
$7M in equity / options / securities to be acquired, sold $7M, 16 investors
10 Oct 17
S-3/A
Shelf registration (amended)
21 Apr 17
S-3
Shelf registration
14 Apr 17
Proxies
DEF 14A
Definitive proxy
11 Oct 19
DEF 14A
Definitive proxy
10 Oct 18
DEF 14A
Definitive proxy
23 Oct 17
PRE 14A
Preliminary proxy
13 Oct 17
DEF 14A
Definitive proxy
25 Apr 17
PRE 14A
Preliminary proxy
14 Apr 17
DEF 14A
Definitive proxy
28 Oct 16
PRE 14A
Preliminary proxy
14 Oct 16
DEF 14A
Definitive proxy
28 Oct 15
DEFA14A
Additional proxy soliciting materials
18 May 15
Other
EFFECT
Notice of effectiveness
24 May 18
CORRESP
Correspondence with SEC
22 May 18
EFFECT
Notice of effectiveness
26 Oct 17
CORRESP
Correspondence with SEC
24 Oct 17
CORRESP
Correspondence with SEC
24 Apr 17
EFFECT
Notice of effectiveness
24 Apr 17
UPLOAD
Letter from SEC
19 Apr 17
EFFECT
Notice of effectiveness
10 Feb 17
EFFECT
Notice of effectiveness
13 Aug 15
UPLOAD
Letter from SEC
10 Aug 15
Ownership
4
DYNATRONICS / David Alma Wirthlin ownership change
2 Apr 20
4
Change in insider ownership
2 Apr 20
4
DYNATRONICS / James Norman Ogilvie ownership change
2 Apr 20
4
DYNATRONICS / BRIAN LARKIN ownership change
2 Apr 20
4
DYNATRONICS / STUART ESSIG ownership change
2 Apr 20
4
DYNATRONICS / ERIN S. ENRIGHT ownership change
2 Apr 20
4
DYNATRONICS / Brian D. Baker ownership change
2 Apr 20
SC 13G/A
Dynatronics Corp
14 Feb 20
4
DYNATRONICS / James Norman Ogilvie ownership change
7 Jan 20
4
DYNATRONICS / STUART ESSIG ownership change
7 Jan 20