2024 Q4 Form 10-Q Financial Statement

#000106299324019082 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $7.602M
YoY Change -18.71%
Cost Of Revenue $5.621M
YoY Change -20.22%
Gross Profit $1.981M
YoY Change -14.1%
Gross Profit Margin 26.06%
Selling, General & Admin $2.232M
YoY Change -12.33%
% of Gross Profit 112.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.232M
YoY Change -12.33%
Operating Profit -$251.0K
YoY Change 4.8%
Interest Expense $106.3K
YoY Change 33.46%
% of Operating Profit
Other Income/Expense, Net -$106.3K
YoY Change 33.46%
Pretax Income -$357.3K
YoY Change 11.96%
Income Tax $9.304K
% Of Pretax Income
Net Earnings -$366.6K -$687.9K
YoY Change 10.89% -71.11%
Net Earnings / Revenue -4.82%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$0.09
COMMON SHARES
Basic Shares Outstanding 7.256M shares 5.896M shares 5.309M shares
Diluted Shares Outstanding 5.890M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $278.4K $483.9K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $5.471M $5.594M
Prepaid Expenses $461.9K $530.4K
Receivables $3.056M $3.445M
Other Receivables $513.2K $454.4K
Total Short-Term Assets $9.831M $10.56M
YoY Change -25.66% -14.99%
LONG-TERM ASSETS
Property, Plant & Equipment $1.812M $1.969M
YoY Change -21.8% -19.56%
Goodwill $7.117M $7.117M
YoY Change 0.0% 0.0%
Intangibles $2.845M $3.000M
YoY Change -17.85% -17.09%
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $15.23M $15.38M
YoY Change -11.03% -12.81%
TOTAL ASSETS
Total Short-Term Assets $9.831M $10.56M
Total Long-Term Assets $15.23M $15.38M
Total Assets $25.06M $25.94M
YoY Change -17.41% -13.71%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.739M $2.712M
YoY Change -29.28% -40.13%
Accrued Expenses $516.7K $725.7K
YoY Change -51.59% -18.59%
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $7.296M $7.705M
YoY Change -18.05% -2.97%
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities $185.8K $189.9K
YoY Change -7.13% -5.88%
Total Long-Term Liabilities $185.8K $189.9K
YoY Change -7.13% -5.88%
TOTAL LIABILITIES
Total Short-Term Liabilities $7.296M $7.705M
Total Long-Term Liabilities $185.8K $189.9K
Total Liabilities $11.27M $11.78M
YoY Change -18.35% -10.8%
SHAREHOLDERS EQUITY
Retained Earnings -$29.44M -$28.91M
YoY Change 13.21% 13.46%
Common Stock $35.26M $35.09M
YoY Change 1.98% 2.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $13.79M $14.16M
YoY Change
Total Liabilities & Shareholders Equity $25.06M $25.94M
YoY Change -17.41% -13.71%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$366.6K -$687.9K
YoY Change 10.89% -71.11%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $100.6K
YoY Change -106.04%
INVESTING ACTIVITIES
Capital Expenditures $0.00
YoY Change -100.0%
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities $0.00
YoY Change -100.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$306.1K
YoY Change -117.66%
NET CHANGE
Cash From Operating Activities $100.6K
Cash From Investing Activities $0.00
Cash From Financing Activities -$306.1K
Net Change In Cash -$205.5K
YoY Change -706.26%
FREE CASH FLOW
Cash From Operating Activities $100.6K
Capital Expenditures $0.00
Free Cash Flow $100.6K
YoY Change -105.92%

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CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
2272295 usd
CY2024Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
570783 usd
CY2024Q2 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
589683 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
5471475 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
5593974 usd
CY2024Q2 us-gaap Liabilities
Liabilities
11780115 usd
CY2024Q2 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2024Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3055736 usd
CY2024Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
3444587 usd
CY2024Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2023Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
542754 usd
CY2024Q3 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-141399 usd
CY2023Q3 us-gaap Increase Decrease In Inventories
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-533217 usd
CY2024Q3 dei Entity Address Address Line1
EntityAddressAddressLine1
1200 Trapp Road
CY2024Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
7255563 shares
CY2024Q3 us-gaap Assets Current
AssetsCurrent
9831146 usd
CY2024Q3 us-gaap Preferred Stock No Par Value
PreferredStockNoParValue
0
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
1200 usd
CY2024Q3 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-402776 usd
CY2024Q3 us-gaap Preferred Stock Convertible Shares Issuable
PreferredStockConvertibleSharesIssuable
670200 shares
CY2024Q3 dei Entity Address State Or Province
EntityAddressStateOrProvince
MN
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
50410 usd
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
50410 usd
CY2024Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
48997 usd
CY2024Q3 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
513180 usd
CY2024Q2 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
454390 usd
CY2024Q3 us-gaap Inventory Net
InventoryNet
5471475 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
5593974 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
461902 usd
CY2024Q2 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
530356 usd
CY2024Q2 us-gaap Assets Current
AssetsCurrent
10557635 usd
CY2024Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1811941 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1969413 usd
CY2024Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2024Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
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CY2024Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-106348 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-330654 usd
CY2024Q3 dynt Preferred Stock Dividend In Common Stock Issued Or To Be Issued Amount
PreferredStockDividendInCommonStockIssuedOrToBeIssuedAmount
0 usd
CY2024Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-13925 usd
CY2023Q3 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
4616 usd
CY2024Q3 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-231952 usd
CY2024Q3 us-gaap Nature Of Operations
NatureOfOperations
<div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><i>Business</i></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">Dynatronics Corporation (the "Company," or "Dynatronics") is a leading medical device company committed to providing high-quality products designed to accelerate optimal health. The Company designs, manufactures, and sells a broad range of products for clinical use in physical therapy, rehabilitation, orthopedics, pain management, and athletic training. Through its distribution channels, Dynatronics markets and sells to orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine practitioners, clinics, and hospitals.</span></span></p> </div>
CY2024Q3 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;"><i>Use of Estimates</i></span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods presented.</span></span></p> <p style="text-align: justify;"><span style="font-size: 10pt;"><span style="font-family: Times New Roman,Times,serif;">The Company evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors and adjusts those estimates and assumptions when facts and circumstances dictate. Actual results could differ materially from those estimates and assumptions.</span></span></p> </div>
CY2024Q3 dynt Dividend Rate
DividendRate
0.08 pure
CY2024Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
337225 usd
CY2023Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
333949 usd
CY2024Q3 dynt Rebate Receivable Liability
RebateReceivableLiability
264508 usd
CY2024Q2 dynt Rebate Receivable Liability
RebateReceivableLiability
263959 usd
CY2024Q3 us-gaap Revenues
Revenues
7602249 usd
CY2023Q3 us-gaap Revenues
Revenues
9351914 usd
CY2024Q3 ecd Trd Arr Ind Title
TrdArrIndTitle
directors or officers
CY2024Q3 ecd Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
false
CY2024Q3 ecd Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
false
CY2024Q3 ecd Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
false

Files In Submission

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0001062993-24-019082-index-headers.html Edgar Link pending
0001062993-24-019082-index.html Edgar Link pending
0001062993-24-019082.txt Edgar Link pending
0001062993-24-019082-xbrl.zip Edgar Link pending
dynt-20240930.xsd Edgar Link pending
exhibit31-1.htm Edgar Link pending
exhibit31-2.htm Edgar Link pending
exhibit32-1.htm Edgar Link pending
exhibit32-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
form10q.htm Edgar Link pending
MetaLinks.json Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
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R17.htm Edgar Link pending
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R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R3.htm Edgar Link pending
R4.htm Edgar Link pending
R5.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
dynt-20240930_def.xml Edgar Link unprocessable
form10q_htm.xml Edgar Link completed
FilingSummary.xml Edgar Link unprocessable
dynt-20240930_cal.xml Edgar Link unprocessable
dynt-20240930_pre.xml Edgar Link unprocessable
dynt-20240930_lab.xml Edgar Link unprocessable