earnings
confidence high
sentiment neutral
materiality 0.65
Pro-Dex Q4 sales up 41% to $15.0M, operating income up 46%; full-year net income down 70% on investment losses
PRO DEX INC
- Q4 net sales $15.0M (+41% YoY); operating income $2.4M (+46%); diluted EPS $0.46 vs $0.42.
- Full-year net sales $53.8M (+17%); operating income $7.2M (+25%); net income $2.1M ($0.60 EPS) vs $7.1M ($1.95 EPS) prior year.
- Net income drop driven by $4.1M unrealized losses on marketable equity investments vs $3.9M gains in prior year.
- Gross margin fell to 27% from 32% on price pressures and higher indirect labor costs.
- Hired Jawahar Garg as Director of Operations in Q1 fiscal 2025 to support growth.