secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001553350-22-000398
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000155335022000398/0001553350-22-000398-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000155335022000398/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000398

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