Dynatronics Corp Reports Net Loss of $2.38 Million for Q2 2023

Dynatronics Corp (DYNT), a leading provider of medical devices and rehabilitation equipment, has released its financial results for the second quarter of 2023 and the fiscal year ending June 30, 2023. The company reported a net loss of $2.38 million for the quarter, reflecting challenging market conditions. Additionally, the revenue for the quarter amounted to $8.43 million, showing a significant decline compared to the same period last year. Let's delve into the details of Dynatronics Corp's financial performance.

Quarterly Performance Analysis

Net Income/Loss Declines

In the second quarter of 2023, Dynatronics Corp reported a net loss of $2.38 million, which was a substantial decrease from the net loss of $1.56 million recorded in the same quarter of the previous year. The decrease in net income can be attributed to various factors, including increased expenses and a challenging economic environment.