secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2023-10-13T23:59:59+00:00
Accession:  0001079973-23-001431
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex Q4 revenue down 16% YoY; full-year net income up 54% on record backlog $41.6M
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- Q4 net sales fell 16% YoY to $10.6M; net income down $336K to $1.5M ($0.42 diluted EPS) vs $0.49 last year.
- Full-year net sales up 10% to $46.0M; net income $7.1M ($1.95 diluted EPS) vs $4.6M ($1.21) last year, boosted by unrealized gain on Monogram warrant.
- Record backlog of $41.6M as of June 30, 2023; new Franklin facility operational.
- Medical device sales declined due to customer inventory buildup; repair revenue increased $6.0M for the year from enhanced repair program.
- Executed new distribution agreement for thoracic driver in Q4; launched in Q1 FY2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000107997323001431/0001079973-23-001431-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000107997323001431/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001431

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