Profile: Dynatronics Corp (DYNT.O)

DYNT.O on Consolidated Issue listed on NASDAQ Capital Market

31 Jul 2015
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Dynatronics Corporation (Dynatronics), incorporated on April 29, 1983, is engaged in the manufacturing, distribution and marketing of physical medicine and aesthetic products. TDynatronics manufactures and distributes a line of medical equipment for physical medicine applications, including therapy devices, medical supplies and soft goods, treatment tables and rehabilitation equipment. Dynatronics’s products are used primarily by physical therapists, chiropractors, sports medicine practitioners, podiatrists, physicians and other physical medicine professionals. Dynatronics also manufactures and distributes a line of aesthetic equipment, including aesthetic massage and microdermabrasion devices, as well as skin care products. These products are used by aestheticians, plastic surgeons, dermatologists and other aesthetic services providers.

During the fiscal year 2014 (fiscal 2014), the Company signed an exclusive, sole-source agreement with Amerinet, a group purchasing organizations, in the United States, to supply medical products to its acute care and alternate care members. The Company introduced the ThermoStim probe which offers the ability to deliver thermal therapy (hot and cold) and/or electrotherapy in a targeted, attended treatment. The ThermoStim probe utilizes thermoelectric chips to generate the thermal therapy. This innovative design has not only generated significant demand for the probe, but also for the new SolarisPlus units which serve as the control console for the probe. In June 2013, the Company introduced the Dynatron 25 Series electrotherapy/ultrasound line of combination therapy devices. This line consists of four separate devices: the Dynatron 925, Dynatron 825, Dynatron 625 and Dynatron 525. These four units provide seven different types of electrotherapy treatments and three frequencies of ultrasound, including our proprietary three-frequency ultrasound transducers. They are capable of delivering between three and five separate treatments simultaneously, depending on the model.

Physical Medicine Products

The Company’s Electrotherapy treats chronic intractable pain and/or acute post-traumatic pain, increasing local blood circulation, relaxation of muscle spasms, prevention or retardation of disuse atrophy, and muscle re-education. Ultrasound therapy provides therapeutic deep heat to soft tissue through the introduction of sound waves into the body. The Company markets a line of devices that include electrotherapy, ultrasound or a combination of both of these modalities in a single device. The Dynatron 125 ultrasound and the Dynatron 25 Series electrotherapy/ultrasound devices target the low-priced segment of the market. The Dynatron SolarisPlus products add tri-wave phototherapy capabilities to electrotherapy and ultrasound combination devices. Dynatron SolarisPlus 709, 708, 706, and 705 units, as well as the Dynatron 702, X3 and DX2 devices, all feature phototherapy technology. The Dynatron Tri-wave light pad is capable of treating larger areas of the body.

The Company’s ThermoStim Probes are also designed to provide thermal therapy and electrotherapy treatments. Soft tissue oscillation therapy has been used for the treatment of pain in Europe for over 15 years. The Dynatron X5 Oscillation Therapy device creates an electrostatic field within the patient, resulting in an effective treatment for reducing minor muscle aches and pains. Iontophoresis uses electrical current to transdermally deliver drugs, such as lidocaine for localized treatment of inflammation without the use of needles. The Dynatron iBox, its iontophoresis device, is delivers two treatments simultaneously. The Company also distributes a line of iontophoresis electrodes under the brand name of Dynatron Ion electrodes along with other types of iontophoresis electrodes from other manufacturers.

As of June 30, 2014, the Company manufactured over 700 medical supply and soft goods products, including hot packs, cold packs, lumbar rolls, exercise balls, wrist splints, ankle weights, cervical collars, slings, cervical pillows, bolsters, positioning wedges, back cushions, weight racks, rehabilitation products, back and wrist braces, mat tables, work tables, training stairs, and parallel bars. The Company manufactures and distributes motorized and manually operated physical therapy treatment tables, rehabilitation parallel bars, and other specialty rehabilitation products.

Aesthetic Products

The Company manufactures and markets a line of aesthetic products under the brand name of Synergie. The Synergie Aesthetic Massage System (AMS) applies therapeutic vacuum massage to skin and subcutaneous tissues. The Company also manufactures and markets the Synergie microdermabrasion device as a companion to the AMS device. The microdermabrasion device exfoliates the upper layers of skin, exposing softer, smoother skin. In conjunction with the microdermabrasion devices, it offers a line of skin care products under the trademark Calisse, which is designed for microdermabrasion treatments. As part of the aesthetics line of products, the Company markets the Synergie LT device, which provides phototherapy for aesthetic applications.

The Company competes with Mettler Electronics, DJO, Patterson Medical, Rich-Mar, Erchonia, Apollo, Multi Radiance, MedX, PowerPlate and Wave Manufacturing, Hausmann Industries, Fabrication Enterprises, North Coast Medical and Meyer Distributing, Travanti Pharma and ActivaTek Inc., Hill Laboratories Company, Bailey Manufacturing, Tri-W-G, DJO, Armedica, Clinton Industries, LPG Systems, Silhouette Tone, Cynosure, Inc., Palomar Medical, Syneron, Mega Peel, Diamond Peel, DermaGenesis, DermaMed, E-Med, Integremed, Medical Alliance, Slimtone USA, Soundskin Corp, Revitalite, Silhouette Tone, Photo Actif, and DermaPulse.

Company Address

Dynatronics Corp

7030 Park Centre Dr.
P: +1801.5687000
F: +1801.5687711

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