Dynatronics Corp (NASDAQ:DYNT) Q4 2020 Earnings Conference Call - Final Transcript

Sep 24, 2020 • 08:30 am ET


Dynatronics Corp (NASDAQ:DYNT) Q4 2020 Earnings Conference Call - Final Transcript


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Skyler Black

loss for the quarter was approximately $2.3 million compared to net loss of $0.2 million in the same quarter of the prior year. For fiscal year 2020, I'll highlight just a few points. As of June 30, 2020, we had cash balances of approximately $2.3 million and an outstanding balance on our line of credit of $1 million. We have an $11 million asset-based line of credit. And we currently have availability on that line of approximately $5.2 million based on our current borrowing base and taking into account that we currently have no borrowings under the line.

The number of common shares outstanding as of June 30, 2020 was approximately 13.8 million. The Company currently has approximately 14.1 million common shares outstanding and including the preferred shares, the total is 17.8 million. We expect our outstanding shares increase by approximately 240,000 per quarter, which is dependent on our share price.

This concludes our summary of operating results. I will now turn the call back to John.

John Krier

Thank you, Skyler. These last six months have provided tremendous challenges and opportunities for Dynatronics. Our employees have reshaped our operating footprint, focused our energies on taking care of each other and our customers and highlighted for me the opportunity we have together. Dynatronics has strong brands and dedicated employees committed to our business. Despite this uncertain market, we will continue to execute a disciplined operating approach and look to take advantage of market opportunities as they present themselves. We appreciate and thank our investor base and employees for their ongoing support.

I will now turn it over to the operator for questions.