SECURITIES AND EXCHANGE COMMISSION
                           WASHINGTON, D.C. 20549-1004



                                    FORM 8-K



                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


                                   May 6, 2004
                Date of Report (Date of Earliest Event Reported)

                             Dynatronics Corporation
             (Exact name of registrant as specified in its charter)


            UTAH                        0-12697                 87-0398434
 (State or other jurisdiction                                 (I.R.S. Employer
     of incorporation)            (Commission File Number)   Identification No.)


       7030 Park Centre Dr., Salt Lake City, UT                   84121
       (Address of principal executive offices)                 (Zip code)


                                 (801) 568-7000
              (Registrant's telephone number, including area code)




ITEM 7.         STATEMENTS AND EXHIBITS.

(c)         The following exhibit is being furnished with this report:

Exhibit 99.1    Text of the press release issued by Dynatronics Corp. dated
                May 7, 2004, entitled "Dynatronics Reports Sharp Increases in
                Third Quarter Sales And Profits" (furnished herewith).


ITEM 12.        RESULTS OF OPERATION AND FINANCIAL CONDITION.

                On May 7, 2004, Dynatronics issued a press release relating to
                the results of its second fiscal quarter ended March 31, 2004. A
                copy of the text of the press release, entitled "Dynatronics
                Reports Sharp Increases in Third Quarter Sales And Profits" is
                furnished (not filed) as Exhibit 99.1 hereto. The information in
                Exhibit 99.1 attached hereto shall not be deemed "filed" for
                purposes of Section 18 of the Securities Exchange Act of 1934,
                as amended, nor shall it be deemed incorporated by reference in
                any filing under the Securities Act of 1933, as amended. A
                conference call with executives of the Company was held on May
                7, 2004 to discuss the third quarter results.


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                                    SIGNATURE

     Pursuant to the  requirements  of the Securities  Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the  undersigned
hereunto duly authorized.

                                        DYNATRONICS CORP.


DATE: May 10, 2004                      By:    /s/ Kelvyn H. Cullimore, Jr.
                                           --------------------------------
                                        Name:  Kelvyn H. Cullimore, Jr.
                                        Title: President



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