Pro-Dex FY2025 sales up 24% to $66.6M, net income surges to $9.0M from $2.1M; Q4 gross margin hit by tariffs

PRO DEX INC

Full-year net sales $66.6M (+24% YoY), operating income $10.7M (+49%), net income $9.0M ($2.67 diluted EPS) vs $2.1M ($0.60).
Q4 net sales $17.5M (+16% YoY) but gross margin fell to 20% from 27% due to unfavorable product mix and tariff costs; net income $1.2M ($0.36) vs $1.6M ($0.46).
Backlog as of June 30, 2025, was $50.4M; CEO expects continued revenue and operating income growth in FY2026.
Tariff costs and shift to legacy handpiece impacted Q4 margins; company working on sharing tariff costs with customers.
Unrealized gains on marketable equity investments contributed $1.5M to FY net income vs $4.1M unrealized loss in FY2024.

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