secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001553350-22-000853
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex Q1 revenue up 11% to $11.1M; EPS flat at $0.29; gross margin drops 7 pts
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- Net sales $11.1M (+11% YoY); net income $1.1M ($0.29 diluted EPS) vs $1.1M ($0.28) prior year.
- Gross margin fell to 27% from 34% due to costly handpiece upgrades for largest customer; compensation negotiations ongoing.
- FDA authorized commencement of manufacturing activities at Franklin facility.
- Operating expenses decreased $104K on lower stock compensation and R&D.
- CEO confident negotiations with largest customer will lead to additional revenue.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000155335022000853/0001553350-22-000853-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000155335022000853/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-22-000853

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