secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2023-02-02T23:59:59+00:00
Accession:  0001553350-23-000063
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex Q2 revenue up 11% to $11.3M; net income dips to $879K from $925K
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- Q2 net sales $11.3M (+11% YoY); net income $879K ($0.24 diluted EPS) vs $925K ($0.25) last year.
- Gross profit fell 23% to $2.6M due to component cost inflation and higher repair costs for largest customer's surgical handpiece.
- Six-month net sales $22.4M (+11%); net income flat at $2.0M ($0.53 diluted EPS).
- Operating expenses declined 18% in Q2 to $1.5M; CEO positive on Franklin facility opening this quarter.
- Customer upgrade negotiations ongoing; company seeks compensation for higher-cost repairs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000155335023000063/0001553350-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000155335023000063/pdex_8k.htm
  HTML page:      https://secwatch.observer/filing/0001553350-23-000063

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