secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2022-02-03T23:59:59+00:00
Accession:  0001553350-22-000088
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000155335022000088/0001553350-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000155335022000088/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000088

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