Private company
DYNATRONICS CORP
Dynatronics Corporation is a leading medical device company committed to providing high-quality products designed to accelerate optimal health.4 From its latest annual report
Last updated Oct 19, 2026.
Overview
- IndustrySurgical & Medical Instruments & Apparatus1
- HeadquartersSalt Lake City, Utah1
- Incorporated inUT3
- Business address7030 Park Centre Drive, Bldg D, Salt Lake City, Ut 841213
- Filer categoryNon-accelerated filer, Smaller reporting company3
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Dynatronics Corporation is a leading medical device company committed to providing high-quality products designed to accelerate optimal health. The Company designs, manufactures, and sells a broad range of products for clinical use in physical therapy, rehabilitation, orthopedics, pain management, and athletic training. Through its distribution channels, Dynatronics markets and sells to orthopedists, physical therapists, chiropractors, athletic trainers, sports medicine practitioners, clinics, and hospitals. The Company's products are marketed under a portfolio of high-quality, well-known industry brands including Bird & Cronin, Solaris, Hausmann, PROTEAM, and Mammoth, among others.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
21.9%Gross margin2
-9.0%Operating margin2
-39.8%Net margin2
-15.8%Revenue growth, 20252
-334.2%Return on equity2
$270.1KFree cash flow2
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Cost of revenue71¢$21.4M
- Selling, general and admin28¢$8.5M
- Interest1¢$409.9K
- Income tax0¢$12.2K
Out of $27.4M in revenue.2 The company lost money this year.
Where each dollar of operating cash went, fiscal 2025
- Capital spending10¢$30.4K
- Kept or used elsewhere90¢$270.1K
Out of $300.6K of cash from operations.2
Financial statements
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.4M5 | $62.6M6 | $53.4M7 | $47.8M8 | $44.3M9 | $40.6M10 | $32.5M2 | $27.4M2 |
| Cost of revenue | $44.0M5 | $43.4M6 | $38.3M7 | $34.9M8 | $33.7M9 | $30.5M10 | $24.9M2 | $21.4M2 |
| Gross profit | $20.4M5 | $19.2M6 | $15.1M7 | $12.9M8 | $10.7M9 | $10.2M10 | $7.6M2 | $6.0M2 |
| Research and development | $1.2M13 | $54.0K6 | $95.0K7 | $10.0K7 | ||||
| Selling, general and admin | $21.7M5 | $20.0M6 | $18.1M7 | $16.6M8 | $15.4M9 | $15.0M10 | $9.9M2 | $8.5M2 |
| Operating income | -$1.3M5 | -$796.1K6 | -$3.0M7 | -$3.8M8 | -$4.8M9 | -$4.9M10 | -$2.3M2 | -$2.5M2 |
| Interest | -$428.5K5 | $512.2K6 | $435.6K7 | $215.6K8 | $148.0K9 | $118.3K10 | $418.0K2 | $409.9K2 |
| Income before tax | -$4.0M9 | -$5.0M10 | -$2.7M2 | -$10.9M2 | ||||
| Income tax | $70.3K5 | $5.5K6 | -$10.1K7 | $10.0K8 | $09 | $010 | $02 | $12.2K2 |
| Net income | -$1.6M5 | -$921.7K6 | -$3.4M7 | $2.0M8 | -$4.0M9 | -$5.0M10 | -$2.7M2 | -$10.9M2 |
| Earnings per share | -$1.329 | -$1.4610 | -$1.002 | -$1.432 | ||||
| Earnings per share (diluted) | -$1.329 | -$1.4610 | -$1.002 | -$1.432 | ||||
| Shares (weighted, basic) | 3.6M shares9 | 3.9M shares10 | 3.4M shares2 | 8.1M shares2 | ||||
| Shares (weighted, diluted) | 3.6M shares9 | 3.9M shares10 | 3.4M shares2 | 8.1M shares2 |
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash | $1.6M5 | $155.5K6 | $2.2M7 | $6.1M8 | $550.1K9 | $398.8K10 | $483.9K2 | $326.3K2 |
| Receivables | $5.4M9 | $3.7M10 | $3.4M2 | $2.8M2 | ||||
| Inventory | $12.1M9 | $7.4M10 | $5.6M2 | $5.1M2 | ||||
| Current assets | $21.4M5 | $19.9M6 | $16.1M7 | $20.9M8 | $19.2M9 | $12.4M10 | $10.6M2 | $9.0M2 |
| Property, plant and equipment | $2.9M9 | $2.4M10 | $2.0M2 | $1.5M2 | ||||
| Goodwill | $7.1M9 | $7.1M10 | $7.1M2 | $02 | ||||
| Intangible assets | $4.2M9 | $3.6M10 | $3.0M2 | $1.4M2 | ||||
| Total assets | $42.1M5 | $39.6M6 | $37.6M7 | $39.1M8 | $35.4M9 | $30.1M10 | $25.9M2 | $15.4M2 |
| Accounts payable | $6.2M9 | $4.5M10 | $2.7M2 | $3.4M2 | ||||
| Short-term debt | $5.4K9 | $09 | ||||||
| Current liabilities | $14.6M5 | $14.3M6 | $7.7M7 | $8.5M8 | $9.9M9 | $7.9M10 | $7.7M2 | $8.2M2 |
| Long-term debt | $303.3K5 | $129.4K6 | $3.5M7 | $5.4K8 | $08 | |||
| Total liabilities | $20.7M5 | $18.9M6 | $17.7M7 | $13.6M8 | $13.7M9 | $13.2M10 | $11.8M2 | $12.2M2 |
| Retained earnings | -$19.8M9 | -$25.5M10 | -$28.9M2 | -$40.5M2 | ||||
| Shareholders’ equity | $21.4M6 | $20.8M7 | $19.9M8 | $25.5M9 | $21.7M10 | $16.9M2 | $14.2M2 | $3.3M2 |
| Shares outstanding | 8.2M shares13 | 8.7M shares5 | 14.1M shares6 | 17.8M shares7 | 18.6M shares8 | 4.3M shares9 | 5.9M shares10 | 16.0M shares2 |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | $761.8K5 | $325.7K6 | $3.1M7 | $383.0K8 | -$4.9M9 | $371.1K10 | -$1.6M2 | $300.6K2 |
| Depreciation and amortization | $733.6K9 | $726.4K10 | $685.4K2 | $487.0K2 | ||||
| Stock-based compensation | $178.1K9 | $131.3K10 | $1.6K2 | $3.4K2 | ||||
| Capital spending | $242.9K5 | $224.1K6 | $292.4K7 | $146.9K8 | $317.8K9 | $186.9K10 | $243.3K2 | $30.4K2 |
| Free cash flow | $518.9K | $101.6K | $2.8M | $236.1K | -$5.2M | $184.3K | -$1.9M | $270.1K |
| Cash from investing | -$317.8K9 | -$186.9K10 | -$243.3K2 | -$30.4K2 | ||||
| Cash from financing | -$350.1K9 | -$332.7K10 | $1.8M2 | -$427.7K2 |
Leadership
Who has led DYNATRONICS CORP, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerJohn Anthony Krier Jul 21, 2020 to Jul 13, 202314
- Chief executive officerJako Christopher Richard Von Jun 27, 2018 to Jul 3, 201915
- Chief executive officerKelvyn H. Cullimore Jr. Jan 4, 2007 to Sep 17, 201916
- ChairKelvyn H. Cullimore Jr. Jan 4, 2007 to Nov 24, 201516
- PresidentKelvyn H. Cullimore Jr. Jan 4, 2007 to Dec 30, 201416
- Chief financial officerJohn Anthony Krier Oct 4, 2023 to Oct 4, 202317
- Chief financial officerGabriel Ellwein Nov 9, 2023 to Nov 9, 202318
- Chief financial officerNorman Roegner Iii. Sep 1, 2021 to Jul 22, 202219
- Chief financial officerDavid Alma Wirthlin Apr 20, 2017 to Jan 7, 202020
- Chief financial officerTerry M. Atkinson Jul 3, 2007 to Jul 3, 200721
- Chief operating officerRyan Edward Staats May 12, 2025 to now22
Board members and other officers (26)
- Corporate ControllerSkyler N. Black Jul 21, 2020 to Jul 21, 202023
- VP, OperationsCynthia L. McHenry Jul 25, 2018 to Jul 25, 201824
- Chief Information OfficerDaryl Connell Jul 25, 2018 to Jul 25, 201825
- Vice PresidentJames Norman Ogilvie Apr 20, 2017 to Jan 7, 202026
- Sr. VP of SalesThomas J. Gephart Mar 16, 2016 to Jan 4, 201827
- VP of Information TechnologyBryan David Alsop Jul 22, 2011 to Jul 22, 201128
- VP Product and R&DDouglas G. Sampson Oct 1, 2009 to Oct 1, 200929
- Executive VPLarry K. Beardall Apr 10, 2008 to Nov 24, 201530
- Secretary/TreasurerRobert J. Cardon Jan 11, 2007 to Jul 11, 201631
- VP R&DRonald J. Hatch Jul 3, 2007 to Jul 3, 200732
- Board memberAndrew Hulett Jan 17, 2024 to now33
- Board memberJohn Anthony Krier Jul 12, 2021 to Jul 13, 202334
- Board memberJako Christopher Richard Von Jun 27, 2018 to Jul 3, 201915
- Board memberScott Klosterman Jan 14, 2016 to Jan 4, 202435
- Board memberRichard James Linder Mar 26, 2015 to Mar 26, 201536
- Board memberBrian Larkin Jul 10, 2015 to now37
- Board memberDavid B. Holtz Dec 30, 2015 to now38
- Board memberR. Scott Ward Jun 12, 2013 to now39
- Board memberKelvyn H. Cullimore Jr. Apr 10, 2008 to Sep 17, 201940
- Board memberLarry K. Beardall Apr 10, 2008 to Nov 24, 201530
- Board memberMark Crockett Jul 22, 2008 to Jul 22, 200841
- Board memberE. Keith Hansen Mar 29, 2006 to Apr 10, 200842
- Board memberHoward L. Edwards Mar 29, 2006 to Jul 21, 201543
- Board memberJoseph H. Barton Mar 29, 2006 to Jan 29, 201444
- Board memberVal John Christensen Mar 29, 2006 to Jul 8, 201345
- General counselJennifer Bennett Bennett Keeler Dec 30, 2019 to Dec 30, 201946
Timeline
Filings
210 filings to the SEC since October 2021: 4 annual reports, 13 quarterly reports, 44 major events, 126 insider forms, 7 large holders, 16 other. The latest 20:
- Feb 17, 2026SCHEDULE 13G/A EDGAR
- Jan 12, 20268-K EDGAR
- Dec 17, 20258-K EDGAR
- Nov 19, 202510-Q EDGAR
- Nov 17, 2025NT 10-Q EDGAR
- Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 30, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 28, 2025ARS EDGAR
- Oct 28, 2025DEFA14A EDGAR
- Oct 28, 2025DEF 14A EDGAR
- Oct 23, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 15, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 14, 202510-K EDGAR
- Oct 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
- Oct 3, 20254 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
The 210 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
13 open-market trades by officers, directors and large owners since October 2021: 13 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jan 4, 2022 | Ward R ScottDirector | Buy | 5,000 | Form 4 | ||
| Jan 4, 2022 | Provco Ventures 1 LP10% owner | Buy | 37,552 | Form 4 | ||
| Jan 4, 2022 | LARKIN BRIANDirector | Buy | 3,734 | Form 4 | ||
| Jan 4, 2022 | KLOSTERMAN SCOTTDirector | Buy | 5,000 | Form 4 | ||
| Jan 4, 2022 | HOLTZ DAVID BDirector | Buy | 5,000 | Form 4 | ||
| Jan 4, 2022 | ESSIG STUART10% owner | Buy | 80,146 | Form 4 | ||
| Jan 4, 2022 | ENRIGHT ERIN S.Director | Buy | 80,146 | Form 4 | ||
| Jan 4, 2022 | Baker Brian D.President & CEO, CFO | Buy | 8,734 | Form 4 | ||
| Oct 4, 2021 | Provco Ventures 1 LP10% owner | Buy | 26,155 | Form 4 | ||
| Oct 4, 2021 | LARKIN BRIANDirector | Buy | 2,601 | Form 4 | ||
| Oct 4, 2021 | ESSIG STUART10% owner | Buy | 52,338 | Form 4 | ||
| Oct 4, 2021 | ENRIGHT ERIN S.Director | Buy | 52,338 | Form 4 | ||
| Oct 4, 2021 | Baker Brian D.President & CEO, CFO | Buy | 3,671 | Form 4 |
From Forms 4 filed with the SEC.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- ARMISTICE CAPITAL, LLCSCHEDULE 13G/A, 4 filings Feb 15, 2022 to Feb 17, 202647
- RENAISSANCE TECHNOLOGIES LLCSC 13G/A, 2 filings Feb 11, 2022 to Feb 13, 202348
- Nancy CroninSC 13G/A, 1 filing Jan 14, 202249
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 24SEC EDGARCynthia L. McHenry, VP, Operations
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- 26SEC EDGARJames Norman Ogilvie, Vice President
- 27SEC EDGARThomas J. Gephart, Sr. VP of Sales
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- 30SEC EDGARLarry K. Beardall, Executive VP
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- 32SEC EDGARRonald J. Hatch, VP R&D
- 33SEC EDGARAndrew Hulett, Board member
- 34SEC EDGARJohn Anthony Krier, Board member
- 35SEC EDGARScott Klosterman, Board member
- 36SEC EDGARRichard James Linder, Board member
- 37SEC EDGARBrian Larkin, Board member
- 38SEC EDGARDavid B. Holtz, Board member
- 39SEC EDGARR. Scott Ward, Board member
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- 41SEC EDGARMark Crockett, Board member
- 42SEC EDGARE. Keith Hansen, Board member
- 43SEC EDGARHoward L. Edwards, Board member
- 44SEC EDGARJoseph H. Barton, Board member
- 45SEC EDGARVal John Christensen, Board member
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