Pro-Dex Q4 revenue up 34% to $12.6M; full-year net income $3.9M

PRO DEX INC

2022-FY EPS reported $1.02 revenue$42,041,000

Q4 net sales $12.6M (+34% YoY); net income $1.4M ($0.38/diluted) vs $0.8M ($0.20) in Q4 FY21.
Full-year net sales $42.0M (+11% YoY); net income $3.9M ($1.02/diluted) vs $5.8M ($1.48) in FY21.
Q4 gross margin fell to 27% from 33% due to component price increases outpacing pass-through.
Largest customer orthopedic device sales rose $3.8M in FY22 on next-gen handpiece launch.
CEO cites positive outlook with new building capacity; company does not provide guidance.

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