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Sunday, October 24, 2021

Dynatronics Corp. (DYNT) Stock Exhibits Minor Volatility Following the Disclosure of Financial Reports for Q4 2021

Dynatronics Corp. (DYNT) stock prices were up by 2.74% as of the market closing on September 23rd, 2021. This brought the price per share up to USD$1.50 at the end of the trading day. Subsequent premarket fluctuations have seen the stock fall by 2.00%, bringing it down to USD$1.53.

DYNT Stock’s Net Sales

The fourth quarter of fiscal 2021 saw DYNT stock report total net sales in the amount of USD$12.2 million. Gross profit margin for the quarter came in at a promising 19.1%. Net income was accordingly USD$2.9 million, a significant improvement from the net loss of USD$2.3 million reported in the prior year quarter. The year over year improvement was driven by continued product net sales in the amount of USD$9.8 million.

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Additional Financials

Optimization in activity costs over the quarter resulted in costs of sales and SG&A collectively being impacted by USD$1.0 million. Other Income was bolstered by the forgiveness of the company’s Paycheck Protection Program, which resulted in a write off of USD$3.5 million in debt. Further facilitating Other Income was a USD$0.9 million Employee Retention Credit, and a USD$0.8 million gain on sale of former Tennessee manufacturing facility.

DYNT Stock’s Liquidity Position

The last quarter of the fiscal 2021 year saw the company report having no debt and a zero balance on the line of credit. DYNT stock reported a borrowing base of roughly USD$5 million at the end of the fiscal 2021 year. The company’s liquidity position was the highest it has seen in recent years, coming out to cash reserves of USD$6.1 million. Poised to capitalize on its promising position, the company is keen to deliver commercial success. This will be facilitated by an emphasis quality for cost and an unparalleled customer experience.

Promising Guidance

Product sales guidance for the full fiscal year 2022 will represent products that DYNT stock intends to offer moving forward. This is built on the optimization initiatives undertaken by the company as announced on April 22nd 2021 having been largely fulfilled over the course of the full fiscal year 2021. Net sales are expected to range from USD$11.5 million to USD$12 million for the first quarter of fiscal 2022.

Future Outlook for DYNT Stock

DYNT stock reported a promising quarter, as evidenced by the strength of its financial reports for the last quarter of fiscal 2021. The company is keen to allocate resources towards meeting its guidance for the start of the new fiscal year. Current and potential investors are confident in management’s ability to facilitate significant and sustained increases in shareholder value.

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