secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001079973-23-001523
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex Q1 FY2024 net loss $615k; sales up 8% to $11.9M; includes $2.6M unrealized loss on investment
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- Net loss of $615k ($0.17 diluted) vs net income of $1.2M ($0.33) in prior-year quarter.
- Net sales rose 8% to $11.9M; driven by $1.8M increase in handpiece repairs, offset by $0.7M drop in NRE.
- Gross margin improved 4 ppts to 31% due to absence of $450k repair costs from prior year.
- Unrealized loss on investments of $2.6M (mainly Monogram Orthopaedics warrant) caused the net loss.
- CEO cited $1.1M in new Thoracic driver product sales and completion of Franklin facility transition.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000107997323001523/0001079973-23-001523-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000107997323001523/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001079973-23-001523

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