Reports Q1 revenue $12.1M, consensus $11.81M."We continue to execute against our differentiated strategy which has led to a sequential increase of 6.8%-points in gross margin from the fourth quarter of fiscal year 2022. The first quarter of fiscal year 2023 represented the sixth consecutive quarter of exceeding the market or our baseline net sales expectation set in 2021," said John Krier, Chief Executive Officer of Dynatronics. "Strong demand, coupled with our commitment to disciplined execution, has generated this performance. We expect our gross margin in fiscal year ’23 to show continued expansion as we benefit from a combination of price increases and new product launches. Cash flow from operations in fiscal year ’23 should begin to benefit as we sell down the inventory we strategically built over the past year," concluded Krier.
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