Pro-Dex Q3 net sales down 21% to $9.3M; EPS $0.12 vs $0.54 YoY

PRO DEX INC

2022-Q3 EPS reported $0.65 revenue$29,426,000

Net sales $9.3M, down $2.5M (21%) from $11.7M due to thoracic driver launch completion.
Net income $462K ($0.12 diluted EPS) vs $2.1M ($0.54) last year; includes $275K unrealized loss.
Gross profit fell 35% to $2.9M; non-standard component costs $340K from supply chain shortages.
Nine-month net sales rose 3% to $29.4M; net income $2.5M ($0.65) vs $5.0M ($1.26) including portfolio gains.
CEO cites healthy backlog, tracking toward record fiscal-year sales; Q4 outlook positive.

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