Dynatronics Corporation (Dynatronics) has reported sales of $8.72 million for the second quarter of fiscal 2009, compared to the sales of $8.86 million in the year-ago quarter. It has also reported a net income of $54,598, or $0.00 per share, for the second quarter of fiscal 2009, compared to a net loss of $0.33 million, or $0.02 per share, in the year-ago quarter.

Operating results showed significant improvement over the three and six months ended December 31, 2007. Pre-tax profit for the quarter ended December 31, 2008, improved to $89,917, compared to a pre-tax loss of $521,656 for the second quarter of the prior fiscal year. Net income for the quarter ended December 31, 2008 was $54,598 ($.00 per share), compared to a net loss of $338,792 ($.02 per share) for the second quarter of the prior fiscal year.

The company saw a turnaround of approximately $1.5 million as the pre-tax loss for the six months ended December 31, 2008 was $100,912, compared to a pre-tax loss of $1,630,899 for the six months ended December 31, 2007. Net loss for the six months ended December 31, 2008 was $84,353 ($.01 per share), a significant improvement compared to a net loss of $1,050,995 ($.08 per share) for the first six months of the prior fiscal year.

Sales for the six months ended December 31, 2008 were $16,715,042, compared to $16,753,063 for the same period of the prior year.

“We are very pleased with the company’s return to profitability in the second fiscal quarter,” stated Kelvyn H. Cullimore chairman and president of Dynatronics. “We generated $611,000 in savings in SG&A expenses compared to the prior year period due to our cost-cutting initiatives undertaken in March and July 2008. This, together with lower R&D expenses, resulted in significant improvements in our bottom-line results compared to the same quarter and six month periods last year.

“In an effort to maintain the momentum of profitability in the stiff headwind of a rapidly deteriorating national economy, we have retained the services of Vici Capital Partners to help us uncover a number of additional opportunities to further improve operational efficiencies, improve margins and reduce manufacturing and other costs in order to create a leaner, more profitable organization,” commented Cullimore. “We have targeted over $1 million in additional improvements through this initiative over the coming year.”