PRO DEX INC reported the third quarter and nine months ended March 31, 2026 results: revenue $19.9 million, net income $3.9 million, EPS $1.20 per diluted share.
“2026 with the Securities and Exchange Commission today. Quarter Ended March 31, 2026 Net sales for the three months ended March 31, 2026, increased $2.5 million, or 15%, to $19.9 million from $17.4 million for the three months ended March 31, 2025, primarily due to an increase in shipments in the amount of $4.7 million of our largest customer’s next generation”
Debt Financings
PRO DEX INC amended revolving credit of $11,000,000 with UMB Bank, N.A. at the greater of (a) 4% or (b) the Adjusted SOFR Rate maturing December 29, 2027.
“of $7,525,000, Term Note B in the original principal amount of $1,000,000, Term Note C in the original principal amount of $5,000,000, and a Revolving Note in the amount of $11,000,000. The Amended Credit Agreement also extended the maturity date of the Revolving Note from December 29, 2026 to December 29, 2027 pursuant to a Third Amended and Restated Revolving”
Debt Financings
PRO DEX INC incurred term loan of $6,650,000 with UMB Bank, N.A. at the greater of (a) 4.5% or (b) the Adjusted SOFR Rate maturing February 1, 2031.
“nd Restated Credit and Security Agreement (the “Amended Credit Agreement”) with UMB Bank, N.A. (“UMB”), which among other things provided for financing to fund the cash portion of the purchase price for the Acquisition by issuing Term Note D in”
Material Agreements
PRO DEX INC entered into Second Amended and Restated Credit and Security Agreement with UMB Bank, N.A. valued at Term Note D in the principal amount of $6,650,000 issued to fund cash portion of acquisition (effective 2026-02-09).
“On February 9, 2026 (the “Credit Amendment Date”), the Company entered into a Second Amended and Restated Credit and Security Agreement (the “Amended Credit Agreement”) with UMB Bank, N.A. (“UMB”), which among other things provided for financing to fund the cash portion of the purchase price for the Acquisition by issuing Term Note D in the principal amount of $6,650,000.”
Material Agreements
PRO DEX INC entered into Membership Interest Purchase Agreement with Advanced-Precision Machining Holding Company, Inc. valued at aggregate purchase price of approximately $8,650,000 (effective 2026-02-09).
“The Acquisition was made pursuant to a Membership Interest Purchase Agreement, dated February 9, 2026 (the “Purchase Agreement”), by and among the Company as purchaser, Advanced-Precision Machining Holding Company, Inc., a California corporation,”
M&A Transactions
PRO DEX INC completed an acquisition involving Advanced Precision Machining LLC for approximately $8,650,000 (closed 2026-02-09).
“each an individual, as the owners of Seller (“Owners” and, together with Seller, the “Seller Parties”). The aggregate purchase price for the Acquisition was approximately $8,650,000, of which approximately $6,650,000 was paid by the Company in cash at closing and $2,000,000 of which is to be paid by the Company under the terms of a 63-month subordinated”
Auditor Changes
PRO DEX INC engaged Baker Tilly US, LLP as its auditor.
“the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”
Auditor Changes
Moss Adams LLP resigned as auditor of PRO DEX INC.
“Moss Adams has resigned as the auditors of the Company and the Audit Committee of the Company’s Board of Directors approved the appointment of Baker Tilly, as the successor to Moss Adams, as the Company’s independent registered public accounting firm.”
Earnings Releases
PRO DEX INC reported nine months ended March 31, 2024 results: revenue $38.8 million, net income $540,000, or $0.15 per diluted share, EPS $0.15 per diluted share.
“Net sales for the nine months ended March 31, 2024, increased $3.4 million, or 10%, to $38.8 million from $35.4 million for the nine months ended March 31, 2023”
Earnings Releases
PRO DEX INC reported third quarter ended March 31, 2024 results: revenue $14.3 million, net income $655,000, or $0.19 per diluted share, EPS $0.19 per diluted share.
“Net sales for the three months ended March 31, 2024, increased $1.2 million, or 9%, to $14.3 million from $13.1 million for the three months ended March 31, 2023”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.