secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2021-11-15T23:59:59+00:00
Accession:  0001553350-21-001031
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex Q1 net sales $10.0M (+16% YoY); diluted EPS $0.28 vs $0.29
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- Net sales $10.0M for Q1 FY2022 ended Sep 30, 2021, up 16% from $8.6M a year ago.
- Net income $1.1M ($0.28 diluted EPS) versus $1.2M ($0.29) in prior-year quarter.
- Gross margin fell 6 points to 34% due to unfavorable product mix; gross profit down 1%.
- Operating expenses rose $184k, driven by stock option compensation expense.
- CEO noted NRE projects from new/existing customers and validation activities for new Franklin facility.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000155335021001031/0001553350-21-001031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000155335021001031/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-21-001031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer