Dynatronics Corporation (NASDAQ: DYNT) Announces Management Changes and Releases Q3 2021 Results

Dynatronics Corporation (NASDAQ: DYNT) has promoted Sarah Rome-Mealman to Marketing Vice President and appointment of George C. Murray as the Vice President Global Operations and Supply Chain.

Sarah Rome-Mealman promoted to marketing VP

She has over 13 years of production innovation and marketing experience in medical technologies and device companies, including gradually expanding the marketing product management departments at Telefex, Rochester Medical, Labori/Congentix Medical, and Medtronic. She joined Dynatronics in September last year as Product Marketing Director. 

Sarah said, “I look forward to continuing to work closely with Dynatronics leadership, the Board of Directors, and the passionate employees at Dynatronics to build a world-class marketing platform that can support growth and create value for all of our stakeholders.”

Murray is an army veteran and accomplished executive with more than 20 years of experience in LEAN manufacturing, P&L responsibility, sales and marketing, and supply chain management. He has worked with companies such as DRS Technologies, Samina, and Rockwell Automation. 

Dynatronics CEI John Krier said, “We are excited to have George join us as a key member of the leadership team.”

Dynatronics releases Q3 2021 financial results 

The company released its Q3 2021 results for the quarter ended March 31, 2021. Dynatronics posted revenue of $11.5 million and a gross margin of 28.8%. The company said that lower sales and sales mix changes in its main product categories had a continued impact on gross margin. 

Krier said, “While our Q3 FY’21 financial results continued to be negatively impacted by COVID-related costs and disruptions throughout the supply chain, we are encouraged that certain areas of our business have begun to recover to pre-COVID levels, and our balance sheet is in better shape than it has been in recent years, with cash of $4.5 million and additional liquidity from our line of credit.”