Dynatronics Corp falls on wider-than-estimated Q2 loss

Dynatronics

09/02/2023 17:52

** Shares of medical device maker Dynatronics Corporation
 DYNT.O  fall 10.4% at $2.41 
    ** Co reported Q2 2023 per share loss of 27 cents​​ vs
analysts' expectations for a loss of 15 cents/shr - Refinitiv 
    ** DYNT, however, reported an increase in revenue to $10.88
mln from $10.53 mln in the same quarter last year
    *** Co reaffirmed net sales guidance for fiscal year 2023 of
$45 mln to $48 mln 
    ** DYNT continues to expect volatility due to the challenges
related to the broader economic environment and the COVID-19
global pandemic ​
    ** All 3 brokerages covering the stock rate it "buy" or
higher; median PT is $11.25 - Refinitiv data
    ** In 2022, co's stock fell nearly 61% 
 (Reporting by Pratik Jain in Bengaluru)
 ((Pratik.Jain@thomsonreuters.com;))