The earnings call highlighted successful cost reduction efforts and new product launches, which contributed to a decrease in net loss. However, the company faced challenges with decreased net sales and uncertainty regarding new product revenue. The lowered revenue guidance reflects ongoing challenges in demand and customer relationships.
Company Guidance
In the third quarter earnings call for fiscal year 2024, Dynatronics provided guidance indicating that net revenues are projected to range between $32.5 million and $34 million due to slower demand in the rehabilitation sector and changes in private label customer relationships. The company did not provide gross margin guidance, citing a need for improved business stabilization before considering reintroducing such forecasts. Selling, general, and administrative expenses (SG&A) are anticipated to be between 30% and 32% of net sales for the fiscal year. The company's focus remains on strengthening customer relationships and enhancing operating profitability and financial flexibility.
Cost Reduction and Profitability Improvement
Operating expenses reduced by $3.7 million year-to-date, maintaining gross margin rates year-over-year.
New Product Introductions
Launched three new Hausmann product lines (Timber, Titan Premier, and Forged) with positive customer feedback and strong inventory positions.
Decrease in Net Loss
Net loss reduced to $0.7 million in Q3 FY 2024 from $1.2 million in Q3 FY 2023.
Decrease in SG&A Expenses
Selling, general, and administrative expenses decreased by $1 million or 30% compared to the previous year.
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Dynatronics (DYNT) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DYNT Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024
$0.15
$0.15
0.00%
Sep 26, 2024
$0.19
$0.16
-15.79%
May 09, 2024
$0.48
$0.49
+2.08%
Feb 08, 2024
$0.68
$0.47
-30.88%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Dynatronics Corp. (DYNT) report earnings?
Dynatronics Corp. (DYNT) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Dynatronics Corp. (DYNT) earnings time?
Dynatronics Corp. (DYNT) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.