Pro-Dex Q3 revenue up 9% to $14.3M; net income falls to $0.19 EPS on investment losses

PRO DEX INC

2024-Q3 EPS reported $0.15 revenue$38,819,000

Net sales $14.3M (+9% YoY); operating income $2.2M (+7%) driven by medical device revenue.
Net income $655k ($0.19 diluted EPS) vs $1.6M ($0.45) prior year; decline due to $1.2M unrealized loss on investments.
Nine-month net sales $38.8M (+10%); operating income $4.8M (+16%).
Nine-month net income $540k ($0.15 diluted EPS) vs $5.6M ($1.52) due to $3.8M unrealized investment losses.
CEO Rick Van Kirk says company tracking toward record revenue year; confident in momentum into FY2025.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

PRO DEX INC reported third quarter ended March 31, 2024 results: revenue $14.3 million, net income $655,000, or $0.19 per diluted share, EPS $0.19 per diluted share.

Period: third quarter ended March 31, 2024
Revenue: $14.3 million
Net income: $655,000, or $0.19 per diluted share
EPS: $0.19 per diluted share
Result: reported results

Exact text from the filing

Net sales for the three months ended March 31, 2024, increased $1.2 million, or 9%, to $14.3 million from $13.1 million for the three months ended March 31, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.99

PRO DEX INC reported nine months ended March 31, 2024 results: revenue $38.8 million, net income $540,000, or $0.15 per diluted share, EPS $0.15 per diluted share.

Period: nine months ended March 31, 2024
Revenue: $38.8 million
Net income: $540,000, or $0.15 per diluted share
EPS: $0.15 per diluted share
Result: reported results

Exact text from the filing

Net sales for the nine months ended March 31, 2024, increased $3.4 million, or 10%, to $38.8 million from $35.4 million for the nine months ended March 31, 2023

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Source: SEC EDGAR

accession 0001079973-24-000640

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