DYNT - Dynatronics GAAP EPS of -$0.27 misses by $0.12 revenue of $10.9M misses by $0.03M
- Dynatronics press release ( NASDAQ: DYNT ): Q2 GAAP EPS of -$0.27 misses by $0.12 .
- Revenue of $10.9M (+3.5% Y/Y) misses by $0.03M .
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Dynatronics reaffirmed net sales guidance for fiscal year ‘23 of $45 million to $48 million from prior guidance of $45M-48M vs. $46.53M consensus. The midpoint of this range is a 5% improvement over the Company's $44.3 million net sales in fiscal year ‘22. The Company expects the distribution of net sales across the quarters in fiscal year ‘23 to align with historical trends, which are highest in the first quarter, lower in the second and third quarters, with a bounce back in the fourth quarter. The second quarter of fiscal year 2023 continued this historical seasonality trend.
Even as it expects fiscal year '23 to showcase continued improvement toward its 40% long-term goal, given the persistent inflationary pressure and macro-economic impacts the Company is deferring providing gross margin guidance.
Selling, general, and administrative expenses are anticipated to be 30% to 35% of net sales in fiscal year ‘23.
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Dynatronics GAAP EPS of -$0.27 misses by $0.12, revenue of $10.9M misses by $0.03M