DYNATRONICS ANNOUNCES FIRST QUARTER SALES AND PROFITS
DYNATRONICS ANNOUNCES FIRST QUARTER SALES AND PROFITS SALT LAKE CITY, Oct. 30 /PRNewswire/ -- Dynatronics Laser Corp.
(NASDAQ: DYNT) today announced results for its first quarter ended Sept. 30, 1992. Sales figures for the three-month period were $1,268,389, as compared to $1,525,220 for the first quarter last year. Net income for the period was $10,167, as compared to $82,347 in the previous year.
Dynatronics' President Kelvyn H. Cullimore, stated, "During the reporting quarter, the company began a restructuring of its electrotherapy product line. Due to delays in the implementation of this restructuring, the company's sales and profits were impacted. We are encouraged, however, by strong sales of the company's new Ultrasound device which was introduced during the first quarter of fiscal 1993. With several other new products scheduled for introduction during this fiscal year, management remains optimistic that fiscal 1993 will be a very profitable year for the company. The figures for the first quarter, compared to the previous year's first quarter results are as follows: Three months ended Sept. 30, (Unaudited) 1992 1991 Net sales $1,268,389 $1,525,220 Net income before taxes 17,667 146,947 Provision for income taxes 7,500 64,600 Net income $10,167 $82,347 Earnings per share $.001 $.011 Common shares outstanding 7,740,000 7,740,000 Dynatronics designs, manufactures and markets advanced-technology medical devices. -0- 10/30/92 /CONTACT: Bob Cardon, investor relations of Dynatronics Laser, 800-874-6251/ (DYNT) CO: Dynatronics Laser Corp. ST: Utah IN: MTC SU: ERN
JL-JB -- LA010 -- 6976 10/30/92 09:00 EST
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|Date:||Oct 30, 1992|
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