DYNTQOTCSurgical & Medical Instruments & ApparatusUS GAAP · USD

Dynatronics Corp

Dynatronics Corp designs, manufactures, and sells restorative medical products used in physical therapy, rehabilitation, orthopedics, pain management, and athletic training. Its business is built around branded clinical products sold through dealers, sales representatives, and direct relationships with clinics, hospitals, and other care providers in the United States.

Kysy yhtiöstä
Liikevaihto27,4milj. USD
−15,8 %v/v
Liikevoitto (EBIT)−2,5milj. USD
−7,9 %v/v
EBIT-marginaali−9,0%
−2,0 %-yks.v/v
Nettotulos−10,9milj. USD
−304,1 %v/v
Vapaa kassavirta0,3milj. USD
+114,6 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−200204060milj. USD2020: 53 milj. USD2020: EBIT −3,0 milj. USD20202021: 48 milj. USD2021: EBIT −3,8 milj. USD20212022: 44 milj. USD2022: EBIT −4,8 milj. USD20222023: 41 milj. USD2023: EBIT −4,9 milj. USD20232024: 33 milj. USD2024: EBIT −2,3 milj. USD20242025: 27 milj. USD2025: EBIT −2,5 milj. USD202527−2,5
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Dynatronics Corp

Liiketoiminta

Osuus liikevaihdosta
Orthopedic soft bracing35 %

Braces and support products used for orthopedic care and injury recovery.

Therapeutic modalities25 %

Clinical devices and equipment used in therapy, pain management, and rehabilitation.

Rehabilitation and exercise equipment20 %

Tables, exercise, and rehab products used in clinics and sports medicine settings.

OEM and distributed products15 %

Products sold through OEM partners and third-party distribution channels.

Other restorative products5 %

Smaller product lines across athletic training, accessories, and related supplies.

Tuotteet

Raportoitu · osuus liikevaihdosta
55,3%44,3%FY2025100 %
  • Physical Therapy and Rehabilitation Products55,3 %
  • Orthopedic Soft Bracing Products44,3 %
  • Other Products0,3 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Dynatronics sells primarily to licensed practitioners and care settings that use restorative products in daily treatment workflows. Its customer base includes orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine specialists, clinics, hospitals, and OEM partners, with many sales flowing through independent dealers and direct account relationships.

Licensed practitioners

Orthopedists, physical therapists, chiropractors, and athletic trainers buy products for in-clinic treatment and rehabilitation.

Clinics and hospitals

Independent clinics, hospitals, and care networks buy under preferred pricing arrangements for recurring clinical use.

Distributors and dealers

Independent dealers purchase inventory and resell to end users across the U.S. market.

Sports medicine and athletic organizations

Professional sports teams, universities, and sports medicine specialists buy products for training and recovery.

OEM partners

OEM customers buy or source products for inclusion in their own offerings, creating volume but also concentration risk.

Strategia

Dynatronics is focused on stabilizing the business through operational discipline, cost control, and selective growth initiatives. Management is emphasizing key account partnerships, demand generation, new product launches, and a smaller operating footprint to improve profitability and preserve liquidity.

Cost reduction and footprint optimizationLyhyt aikaväli

The company needs lower fixed costs to support liquidity and improve operating leverage.

Key account and channel developmentLyhyt aikaväli

Concentrated customer relationships can stabilize demand and improve repeat sales.

Product refresh and new launchesKeskipitkä aikaväli

New products help offset softness in orthopedic bracing and support long-term relevance.

Maantiede

Dynatronics is primarily a U.S.-focused business, with its principal executive offices in Eagan, Minnesota and operations centered on domestic sales and distribution. The company relies on a network of more than 100 independent dealers throughout the United States, so U.S. demand and dealer execution are central to revenue performance.

Riskit

Dynatronics faces liquidity pressure, customer concentration, and demand weakness in key product categories, all of which can quickly affect revenue and cash flow. As a manufacturer dependent on third-party suppliers and inventory availability, it also carries supply-chain, pricing, and quality risks that can disrupt service levels and margins.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Going concern and liquidity risk1Supplier and supply-chain disruption2
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Going concern and liquidity riskVaikutus: KriittinenTodennäköisyys: Korkea

    Management disclosed substantial doubt about the company's ability to continue as a going concern due to low cash and working capital.

    KohdistuuCash flowFinancing accessOperating continuity
  2. Supplier and supply-chain disruptionVaikutus: KorkeaTodennäköisyys: Korkea

    The company relies on third-party suppliers and manufacturing partners for components, raw materials, and some finished goods.

    KohdistuuSingle-source componentsLogisticsOutsourced manufacturing
  3. Customer concentrationVaikutus: Korkea

    A small number of customers represented a meaningful share of sales, so order timing or loss of one account can materially affect revenue.

    Kohdistuu: Major customer accounts and OEM relationships

  4. Demand weakness in orthopedic soft bracing and OEM volumesVaikutus: Korkea

    Recent sales declines were driven by lower OEM volume and weaker demand in a core product category.

    Kohdistuu: Core product mix and channel demand

  5. Inventory obsolescence and excess inventoryVaikutus: Keskitaso

    The business must carry inventory to serve customers, but slow-moving stock can require reserves and discounting.

    Kohdistuu: Finished goods and raw materials

Kysy Clarifolta: Dynatronics Corp

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition and variable consideration

Net sales are reduced by estimated rebates, incentives, and prompt-payment discounts, which affects reported revenue and margins.

Vaikutus: Can shift revenue between periods and lower net sales

Inventory valuation reserves

The company carries reserves for excess or obsolete inventory, and changes flow through cost of goods sold.

Vaikutus: Directly affects gross margin and working capital

Goodwill and long-lived asset impairment

Management uses discounted cash flow and other assumptions to test asset values, and weak performance can trigger charges.

Vaikutus: Can create large non-cash write-downs

Deferred tax asset valuation allowance

The company recorded a full valuation allowance because realizability is uncertain.

Vaikutus: Limits recognition of tax benefits until profitability improves

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Päivitetty: 24.9.2026