secwatch.observer — SEC 8-K summary
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Issuer:     PRO DEX INC (PDEX)
CIK:        0000788920
Form:       8-K
Filed at:   2024-09-05T23:59:59+00:00
Accession:  0001553350-24-000080
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pro-Dex Q4 sales up 41% to $15.0M, operating income up 46%; full-year net income down 70% on investment losses
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/788920/000155335024000080/0001553350-24-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/788920/000155335024000080/pdex_8k2.htm
  HTML page:      https://secwatch.observer/filing/0001553350-24-000080

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