earnings
confidence high
sentiment neutral
materiality 0.75
Pro-Dex Q4 revenue falls 15% YoY; full-year sales up 9%
PRO DEX INC
2021-FY EPS reported
$1.13
revenue$38,029,000
- Q4 net sales $9.4M (-15% YoY); net income $0.9M ($0.22 diluted EPS) vs $2.5M ($0.64) prior year.
- FY2021 net sales $38.0M (+9% YoY); net income $4.5M ($1.13 EPS) down from $6.1M ($1.50).
- Operating expenses up 49% to $9.1M, driven by increased R&D ($2.1M) and stock compensation ($615K).
- R&D pipeline: ENT Shaver launches Q4 2021 (est. $1M annual rev); Vital Ventilator targets Q1 2022 ($1.5M est.).
- COVID-19 caused under-absorbed manufacturing costs; supply chain delays ongoing.