Summary Selected Financial Data
| ||||
Statement of Operation Highlights
| ||||
In thousands, except share and per share amounts
| ||||
Quarter Ended
|
Year Ended
| |||
June 30,
|
June 30,
| |||
2021
|
2020
|
2021
|
2020
| |
Net sales
|
$12,238
|
$8,116
|
$47,799
|
$53,409
|
Cost of sales
|
9,900
|
6,703
|
34,913
|
38,311
|
Gross profit
|
2,338
|
1,413
|
12,886
|
15,098
|
19.1%
|
17.4%
|
27.0%
|
28.3%
| |
Selling, general, and admin. expenses
|
4,558
|
3,641
|
16,646
|
18,091
|
Other (expense) income, net
|
5,134
|
(78)
|
5,752
|
(442)
|
Income tax provision
|
20
|
10
|
10
|
10
|
Net income (loss)
|
$2,934
|
$(2,296)
|
$2,002
|
$(3,425)
|
Deemed dividend on convertible preferred stock and accretion of discount
|
-
|
-
|
(51)
|
(174)
|
Convertible preferred stock dividend, in common stock
|
(182)
|
(180)
|
(741)
|
(718)
|
Net income (loss) attributable to common stockholders
|
$2,752
|
$(2,476)
|
$1,210
|
$(4,317)
|
Net loss attributable to common stockholders per common share - basic and diluted
|
$0.16
|
$(0.18)
|
$0.08
|
$(0.42)
|
Weighted-average common shares outstanding - basic and diluted
|
17,557,595
|
13,461,148
|
15,461,339
|
10,262,769
|
Balance Sheet Highlights
|
In thousands
|
June 30, 2021
|
June 30, 2020
| |
Cash and cash equivalents
|
$6,254
|
$2,316
|
Trade accounts receivable, net
|
5,643
|
4,894
|
Inventories, net
|
6,526
|
8,372
|
Prepaid & other
|
2,483
|
493
|
Total current assets
|
20,906
|
16,075
|
Non-current assets
|
18,234
|
21,522
|
Total assets
|
$39,140
|
$37,597
|
Accounts payable
|
$3,738
|
$3,014
|
Accrued payroll and benefits expense
|
1,656
|
1,205
|
Accrued expenses
|
1,485
|
768
|
Other current liabilities
|
1,593
|
1,679
|
Line of credit
|
-
|
1,013
|
Total current liabilities
|
8,472
|
7,679
|
Non-current liabilities
|
5,154
|
10,022
|
Total liabilities
|
13,626
|
17,701
|
Stockholders' equity
|
25,514
|
19,896
|
Total liabilities and stockholders' equity
|
$39,140
|
$37,597
|
Cash Flow Highlights
| ||||
In thousands
| ||||
Quarter Ended
|
Year Ended
| |||
June 30,
|
June 30,
| |||
2021
|
2020
|
2021
|
2020
| |
Net income (loss)
|
$2,934
|
$(2,295)
|
$2,001
|
$(3,425)
|
Depreciation and amortization
|
368
|
397
|
1,480
|
1,618
|
Stock based compensation
|
26
|
45
|
154
|
279
|
Gain on extinguishment of debt
|
(3,518)
|
-
|
(3,518)
|
-
|
(Gain) loss on sale of property and equipment
|
(745)
|
19
|
(717)
|
38
|
Receivables
|
160
|
1,739
|
(749)
|
2,601
|
Inventory
|
403
|
2,951
|
551
|
3,156
|
Prepaid and other assets
|
313
|
445
|
(741)
|
195
|
Accounts payable, accrued expenses, and other liabilities
|
128
|
(2,758)
|
1,922
|
(1,371)
|
Net cash provided by operating activities
|
69
|
543
|
383
|
3,091
|
Net cash used in investing activities
|
1,620
|
(43)
|
1,532
|
(291)
|
Payments on non-current liabilities
|
(86)
|
(1,998)
|
(1,439)
|
(3,024)
|
Proceeds from issuance of common stock, net
|
-
|
2,287
|
3,462
|
2,287
|
Net cash provided by (used in) financing activities
|
(86)
|
289
|
2,023
|
(737)
|
Net change in cash and cash equivalents
|
1,603
|
789
|
3,938
|
2,063
|
Cash and cash equivalents at beginning of the period
|
4,651
|
1,530
|
2,316
|
256
|
Cash and cash equivalents at end of the period
|
$6,254
|
$2,319
|
$6,254
|
$2,319
|
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Dynatronics Corporation published this content on 23 September 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 September 2021 11:51:07 UTC.