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Pro-Dex Inc New - $PDEX STOCK NEWS

Welcome to our dedicated page for Pro-Dex New news (Ticker: $PDEX), a resource for investors and traders seeking the latest updates and insights on Pro-Dex New stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Pro-Dex New's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Pro-Dex New's position in the market.

Rhea-AI Summary

Pro-Dex, Inc. reported strong fiscal 2024 third quarter and nine-month results with increases in net sales and operating income. However, net income declined due to unrealized losses on marketable equity investments. The company remains optimistic about future growth.

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0.16%
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Pro-Dex, Inc. (PDEX) announced financial results for Q2 fiscal 2024, reporting a 12% increase in net sales to $12.6 million. Gross profit rose by 7% to $2.8 million, but operating expenses surged by 36%. Operating income fell by 32%, and net income dropped to $500,000 from $2.8 million in the same period last year. Despite increased sales and gross profit, operating expenses rose at a higher rate, leading to lower net income. The CEO expressed satisfaction with the results and announced a stock buy-back program and inventory level reduction.
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-11.94%
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Pro-Dex, Inc. (NASDAQ:PDEX) reported a net sales increase of 8% to $11.9 million for the first quarter of fiscal year 2024. Gross profit increased by 24% to $702,000, with a gross margin of 31%. Operating expenses decreased by $181,000 compared to the same period last year. The net loss for the quarter was $615,000, including a non-operating expense of $2.7 million due to unrealized losses on investments.
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-3.38%
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Pro-Dex, Inc. (NASDAQ:PDEX) reports 10% increase in topline sales for 4th quarter and full-year financial results. The company's new building is now fully operational, doubling its capacity. They have a large backlog of purchase orders and are focused on expanding their product pipeline. The sales division is being emphasized to fill up the pipeline even more. The company remains resilient to factors like pandemics and recessions.
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Pro-Dex, Inc. announces financial results for Q4 and FY 2023, with net sales decreasing by 16% for the quarter but increasing by 10% for the year. Gross profit decreased slightly for the quarter and operating expenses decreased by 23%. Net income decreased slightly for the quarter but increased significantly for the year. CEO announces full operational status of Franklin facility and new distribution agreement for thoracic driver.
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Pro-Dex Inc New

Nasdaq:PDEX

PDEX Rankings

PDEX Stock Data

61.20M
2.00M
32.86%
25.83%
0.42%
Surgical and Medical Instrument Manufacturing
Manufacturing
Link
United States of America
IRVINE

About PDEX

for over 40 years pro-dex has successfully collaborated with several of the world’s largest providers of medical and dental devices. wherever you are in your process, we can help you. whether your product is partially or fully-designed, we have the capabilities to deliver the services you’re in need of. our staff is experienced in providing engineering, precision machining and fabrication, electro-mechanical assembly, components, sub-assemblies, finished products, and flexible volumes - all with exceptional service. as we’ve experienced growth at pro-dex, we’ve recognized the need to expand our engineering services division. we can offer you powerful solutions including consulting, varying engineering services, and staffing. we’re here to connect you with engineering support for the mechanical, electrical, and manufacturing needs of your company. while we may have built our business around the design and manufacturing for medical oem’s, we have since found increased success working wit