DYNATRONICS CORP

dynatronics.com

What Do They Do?

Sells rehabilitation equipment and orthopedic braces to clinicians, clinics, and hospitals.

How Do They Make Money?

Customers pay for products when the goods ship or are delivered, depending on the shipping terms. Rebates and discounts can reduce the amount the company receives.

revenue

Segment	Share	How money arrives
Physical Therapy and Rehabilitation Products Sold outright	55% FY2022: 52%	Sold outright
Orthopedic Soft Bracing Products Sold outright	44% FY2022: 47%	Sold outright
Other Products Sold outright	0.3% FY2022: 0.2%	Sold outright

Who Are Their Customers?

Licensed practitioners, sports teams and universities, care facilities, hospitals, clinics, distributors, and equipment makers buy the products. Dealers typically buy and resell them to end users; the company also sells directly to clinics, hospitals, and purchasing groups, using independent and direct sales representatives.

Do Revenues Turn Into Profits?

Not on paper. It lost $10.9M in FY2025, but brought in more cash than it spent: $270.1K of free cash flow.

Operating income, FY2025

−9% of revenue

▲ +8% (Loss) vs FY2024 (−$2.3M, −7%)

Net income, FY2025

−40% of revenue

▲ +304% (Loss) vs FY2024 (−$2.7M, −8%)

Free cash flow, FY2025

1% of revenue

▲ Now profitable vs FY2024 (−$1.9M, −6%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q1 FY2026, the three months to Sep 30, 2025

Revenue: ▼ −8%; vs $7.6M in Q1 FY2025
Net income: ▼ −45% (Loss); vs −$366.6K in Q1 FY2025

Physical Therapy And Rehabilitation Products share of revenue vs 55.5% in Q1 FY2025

Jan 12, 2026 Dynatronics and subsidiaries ceased operations and filed for Chapter 7 bankruptcy A Chapter 7 trustee will administer and liquidate the debtors’ assets; the CEO, executive officers, and directors ceased their roles upon trustee appointment.

Shrinking. Revenue fell 43% in 4 years, from $47.8M in FY2021 to $27.4M in FY2025, about 13% a year.

Revenue over time

Physical Therapy and Rehabilitation Products Orthopedic Soft Bracing Products Other Products

$50M$25M$0

FY2021 FY2022 FY2023 FY2024 FY2025

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