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Dynatronics reports increase in net income for 4th quarter

Salt Lake-based Dynatronics Corp. on Wednesday reported net income of $169,599, or 2 cents per share, for the fiscal fourth quarter ended June 30. That compares with net income of $158,241, or 2 cents per share, for the same quarter a year ago.

Sales totaled $5.1 million, up from $5 million in the year-ago quarter.

For the full fiscal year, the company reported net income of $728,816, or 8 cents per share, on sales of $20.4 million. That compares with $883,300, or 10 cents per share, on sales of $20.6 million in the previous fiscal year.

Dynatronics manufactures, markets and distributes medical devices, orthopedic soft goods and supplies, treatment tables and rehabilitation equipment.

The company's stock fell 2 cents Wednesday to close at $1.67 per share on Nasdaq. During the past year, the price has ranged from $1.40 to $2.82.