you in thank call. and morning for today’s participating Good
Officer. and I’m President Executive Brian Baker, Chief
And is Controller me Krier; Investor with today and Officer, Chief Relations. Skyler John Financial Black, Corporate & of our Head recently appointed
over I'll hope then ended and safe. John healthy On March to press announcing XXst, This friends of turn results call, a remain the issued XXXX. you, financial financial your provide we our a We commentary report. and release are it some family initial morning third for today's quarter
Following then John's the for remarks report, I'll provide have phone closing and questions. open the operator lines
performance we this to forward-looking These reflect remind call cause Before regarding and our you our of make statements of results today could those that view will risks the our financial discussed forward-looking differ involve statements course actual plans, me only, to relating let today. we from uncertainties expectations, and our business. that begin current as during and materially projections
could most or our implied Important factors forward-looking the projected from other filed in our included with cause materially differ that reports are SEC. statements XX-K by those and recent to results actual
of uncertainties the addition the on Covid-XX impact risk results. related the business In pandemic to and
not place update you undertake no reliance or statements on obligation revise forward-looking make caution We to to this undue we morning. We forward-looking statements.
areas physical and marketing, soft billing therapy commercial orthopedic long-standing in reimbursement, functional in had Chief is John operations revenue, service, brings a and which communications Officer. including brand multiple Financial and markets. years was train President customer patient addition responsibility by of begin appointed an he recently at executive Dynatronics as John partner player Breg welcoming leadership well-rounded newly I'll Vice athletic finance. a for John the experience strategy. our important At Krier of services experience, Most Breg, in goods,
team and finance him the commercial pleased partnering to is I our executive with leading teams. organization, be look will to to John addition joining I am our forward our In John, lead responsible for company.
fluid. moment employees have company during and this effects proud to to situation. employees ever-changing our I our unprecedented. to Management to been remain to Now And thank a quickly keeping is business, their modified operational unwavering processes commitment response by to team's products. and employee community impact the for take implementing our The satisfy for and of demand to I'm safety, systems challenging this customer our responded Covid-XX team time. enhance facilities our want while the
and Covid-XX. ways the employees In our addition, customers new communities and support implementing our our fight in have creative, to been against nimble
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and have to important While In meaningful to did reacted our to our significantly and in not and professionals working US these the products the actions that supporting quickly overall control impact been customers our team's has the revenues, economy, had this frontline response pandemic. Covid-XX costs on initial medical and to managed decisively employees capital. contribute during
reduction. consolidation planned permanent resulting Minnesota Utah activity already the roughly from XX% a accelerated We headcount to in
for Our to fiscal eliminated our to XXXX. align expenditures operation furlough non-essential teams the staffing contract capital with reduced use near-term discretionary also demand. and of production capacity all discontinued of spend deferred employees XXXX We and fiscal
right-size incoming materials Our management supply adjust quickly leaders chain accordingly. and took inventory to steps
and extra many collecting focus providing negotiating receivables with is payment on is team terms our finance suppliers. Our of extended
in even contribute are new process enhancements that many normalizes. ways business meaningful We when these optimistic will of
million to through secured a common cover Protection we expenditure. $X.X shares ATM taken other in cash And of million stock raised also Program have and environment. important steps improve costs capital $X.X Paycheck approximately X.X our loan facility. through in to uncertain payroll this qualified access We of to working million our the We issuance
collaborative seen difficult facility. loan have at in We in under best suppliers, My a employees so with this I Bank are see of these during and also many people team time. working larger with value relationships the to the asset-based our financial the facility. critical the the we In national, customers, time, West humbled covenants support very remained And that relationship in together good international come I've people. key in our and to continue loan have compliance leadership community of this with
turn report. to over John the the provide call John? to will I financial Now
