Dynatronics Corporation (DYNT) saw its loss widen to $0.76 million, or $0.28 a share for the quarter ended Mar. 31, 2017. In the previous year period, the company reported a loss of $0.45 million, or $0.19 a share.
Revenue during the quarter grew 4.14 percent to $7.72 million from $7.41 million in the previous year period. Gross margin for the quarter expanded 146 basis points over the previous year period to 35.02 percent. Operating margin for the quarter stood at negative 8.84 percent as compared to a negative 5.18 percent for the previous year period.
Operating loss for the quarter was $0.68 million, compared with an operating loss of $0.38 million in the previous year period.
"Hausmann is an excellent strategic fit for Dynatronics, as it further solidifies our commitment to and presence in the physical therapy and athletic training space," said Kelvyn Cullimore, Jr., Dynatronics' Chairman and chief executive officer.
Disclaimer: Please note that this is an auto-generated article. IRIS does not guarantee the accuracy, adequacy or completeness of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. IRIS especially states that it has no financial liability whatsoever to any user on account of the use of information provided on its website. For queries contact: [email protected]