Pro-Dex Q2 net sales up 23% to $10.2M but net income falls to $0.25 EPS from $0.44

PRO DEX INC

2022-Q2 EPS reported $0.53 revenue$20,161,000

Q2 net sales $10.2M (+23% YoY) driven by orthopedic surgical handpiece sales to largest customer.
Net income $925K ($0.25 diluted EPS) vs $1.8M ($0.44) prior year; six-month net income $2.0M ($0.52).
Supply chain challenges worsening; expects negative impact on net sales in Q3 and possibly Q4 FY2022.
Internal product launches delayed as resources shifted to customer non-recurring engineering projects.
R&D spend $615K in Q2; ENT Shaver launch expected Q4 2022 ($1M est annual revenue), Vital Ventilator Q1 2023 ($1.5M est).

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