Business & Finance
Dynatronics posts 107.5% higher top line sales for fiscal Q2 2018
14 February 2018 -

Medical device company Dynatronics Corporation (NASDAQ:DYNT) disclosed on Tuesday its net income of USD14,000 for Q2 fiscal 2018 ended 31 December 2017.

This is compared with a net loss of USD95,000 for the quarter ended 31 December 2016.

Net sales of USD18.1m were recorded for the Q2 fiscal 2018 ended 31 December 2017, up 107.5% over net sales of USD8.7m in the same period of the prior year.

Gross profit of USD5.8m was announced for the Q2 fiscal 2018 ended 31 December 2017, a rise of 87.7% versus USD3.1m the same prior year quarter.

The company added that the rise in net sales, gross profit and net income were attributable to its acquisitions of Hausmann and Bird & Cronin in the past year.

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