Dynatronics Corp Reports Net Loss of $4.97M for FY 2023

DYNATRONICS CORP [DYNT], a leading medical device company, has announced its financial results for the fiscal year ended June 30, 2023. The company reported a net loss of $4.97 million for the year, compared to a net loss of $3.99 million in the previous year. The company generated annual revenue of $40.61 million, showing a decline from the previous year's revenue of $44.34 million.

Financial Performance

Despite the challenging financial performance, Dynatronics Corp has shown resilience in its operations. The company's gross profit for the year was $10.15 million, slightly down from $10.67 million in the previous year. Total operating expenses, including selling, general, and administrative expenses, were $15.00 million, compared to $15.43 million in the previous year. The operating loss for the year amounted to $4.85 million, slightly higher than the $4.76 million loss in the previous year.