PDEX Pro-Dex, Inc. featured news, full reports, and detailed charts
Pro-Dex, Inc. (PDEX) Wrap Up:
Pro-Dex, Inc. (“Company,” “Pro-Dex”, “we,” “our,”, “us”), with operations in Santa Ana, California, Beaverton, Oregon and Carson City, Nevada, specializes in bringing speed to market in the development and manufacture of technology-based solutions that incorporate embedded motion control, miniature rotary drive systems and fractional horsepower DC motors, serving the medical, dental, semi-conductor, scientific research and aerospace markets. Pro-Dex's products are found in hospitals, dental offices, medical engineering labs, commercial and military aircraft, scientific research facilities and high tech manufacturing operations around the world. The company names of Micro Motors, Oregon Micro Systems, and Astromec are used for marketing purposes as brand names. Pro-Dex’s principal headquarters are located at 151 E. Columbine Avenue, Santa Ana, California 92707 and our phone number is 714-241-4411. Our Internet address is www.pro-dex.com . ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f09%2f28%2f0001003297-07-000252.html#FIS_BUSINESS"www.pro-dex.com
127 Employees
Founded in 1978
Pro-Dex Inc. (PDEX*(D):NASDAQ)
LAST $0.65 USD
CHANGE TODAY 0.00 0.00%
VOLUME 0.0
*(D) = Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements
As of November 17, 2009 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Pro-Dex Inc. (PDEX)
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OPEN
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PREVIOUS CLOSE
$0.65
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DAY HIGH
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DAY LOW
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52 WEEK HIGH
10/29/09 - $0.75
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52 WEEK LOW
03/3/09 - $0.27
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MARKET CAP
6.3M
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AVERAGE VOLUME 3 mo
7.3K
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DILUTED EPS TTM
$-0.26
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SHARES OUTSTANDING
9.7M
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PDEX Does Not Pay Dividends
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P/E TTM
NM
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PDEX Top Compensated Officers
Mr. Mark P. Murphy
Chairman of the Board, Chief Executive Office...
Age: 50
Total Annual Compensation: $317.3K
Mr. Jeffrey J. Ritchey
Chief Financial Officer, Principal Accounting...
Age: 46
Total Annual Compensation: $180.8K
Mr. Patrick L. Johnson
Chief Business Development Officer and Execut...
Age: 48
Total Annual Compensation: $225.6K
Executives, Board Directors
Compensation as of Fiscal Year 2009.
Key developments for Pro-Dex Inc. (PDEX)
Pro-Dex Inc. Announces Consolidated Unaudited Earnings Results for the First Quarter Ended September 30, 2009 ; Renews Financing Agreement with Wells Fargo
10/29/2009
Pro-Dex Inc. announced consolidated unaudited earnings results for the first quarter ended September 30, 2009. For the quarter, the company reported net sales of $5,633,000 compared to $5,656,000 for the same period a year ago. Income from operations was $237,000 compared to loss from operations of $156,000 for the same period a year ago. Income before provision (benefit) for income taxes was $187,000 compared to loss before provision (benefit) for income taxes of $215,000 for the same period a year ago. Net income was $183,000 or $0.02 basic and diluted per share compared to net loss of $118,000 or $0.01 basic and diluted per share for the same period a year ago. Net cash provided by operating activities was $409,000 compared to net cash used in operating activities $459,000 for the same period a year ago. Purchases of equipment and leasehold improvements was $47,000 compared to $144,000 for the same period a year ago. The Company's net debt (total debt less cash) was $1.8 million at September 30, 2009, down from $2.2 million at June 30, 2009 and down from $4.1 million at September 30, 2008. On October 27, 2009, the company renewed its financing agreement with Wells Fargo through November 1, 2010. Except for the introduction of a 1.5% unused line fee, the terms and conditions of the agreement remain the same, with the current $1.6 million tenant improvement term loan continuing to amortize over four years and up to $1 million available on the company's revolving line of credit.
Pro-Dex Inc., Q1 2010 Earnings Call, Oct-29-2009
10/26/2009
Pro-Dex Inc., Q1 2010 Earnings Call, Oct 29 2009
Pro-Dex Inc., Annual General Meeting, Dec 04, 2009
09/29/2009
Pro-Dex Inc., Annual General Meeting, Dec 04, 2009, at 08:00 US Pacific Time. Location: 2361 McGaw Avenue, Irvine, California,United States. Agenda: To elect five persons to serve as directors of the company for a term of one year each; to approve the authority for the Board of Directors to effect a reverse stock split of all outstanding shares of the company's common stock at any time between January 1, 2010 and December 31, 2010, if and when deemed by the board to be in the best interests of the company and its shareholders; to ratify the appointment of Moss Adams, LLP as independent public accountants of the company for the fiscal year ending June 30, 2010; to transact such other business as may properly come before the annual meeting or any adjournments or postponements thereof .
PDEX Competitors
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| Market data is delayed at least 20 minutes. | |||
Industry Analysis
| Valuation | PDEX | Industry Range |
| Price/Earnings | NM | Not Meaningful |
| Price/Sales | 0.3x |
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| Price/Book | 0.6x |
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| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | 0.1x |
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More Recent News About Pro-Dex, Inc.
More news for PDEX
PRO-DEX, INC. Announces Fiscal 2009 Fourth Quarter and Full-year Results
IRVINE, Calif., Sept. 17 /PRNewswire-FirstCall/ -- PRO-DEX, INC. (Nasdaq: PDEX - News) today announced financial results for the fiscal fourth quarter and full-year ending June 30, 2009. Sales for the fourth quarter ended June 30, 2009 increased 4% to $5.6 million compared to $5.4 million reported for the fourth quarter of fiscal 2008, as increases in medical device and motor shipments outpaced continued sluggish motion control sales. Net income for the fourth quarter was $202,000 or $0.02 per share (based on 9.7 million shares) compared to net loss of $412,000 or ($0.04) per share for the three months ended June 30, 2008.Sales for the year ended June 30, 2009 decreased 16% to $21.1 million compared to $25.1 million in fiscal year 2008. The majority of the decrease was seen in medical products, as 2008 sales were unusually high due to a major customer, who built inventory in fiscal 2008, consumed it in fiscal 2009. The motion control business also reported lower sales as the economic slowdown adversely affected the end market for the capital equipment that use our motion control products. Motor sales remained flat year over year. A net loss was reported for the full fiscal year 2009 of $2,845,000 or $0.29 per share compared to net income of $317,000, or $0.03 per share for the full-year 2008 period.Mark Murphy, the Company's President and Chief Executive Officer, commented, "Fiscal 2009 was a difficult year for Pro-Dex, like many other businesses. From FY2005 through FY2008, we grew consistently every year, deliv...Click here to read the whole Article (external link)
PRO DEX INC Files SEC form 10-K, Annual Report
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis provides information that management believes is relevant to an assessment and understanding of the Company's results of operations and financial condition for each of the two years ended June 30, 2009 and 2008, respectively. This discussion should be read in conjunction with the Consolidated Financial Statements and the Notes thereto included elsewhere in this Report. This Report contains certain forward-looking statements and information. The cautionary statements included herein should be read as being applicable to all related forward-looking statements wherever they may appear. Our actual future results could differ materially from those discussed herein. Critical Accounting Estimates and Judgments Our consolidated financial statements are prepared in accordance with accounting principles generally accepted in the United States ("GAAP"). The preparation of our financial statements requires management to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues, expenses and related disclosures. We base our estimates on historical experience and various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The significant accounting policies that are believed to be the most critical to fully understanding and evaluating the reported financial results include revenue recognition, warranty reserve, inventory valuations for slow moving items, impairment of goodwill, and the recovery of deferred income tax assets. We recognize sales and associated cost of sales, upon shipment, FOB origin. There have been minimal returns for credit, so no reserve for pro...Click here to read the whole Article (external link)
Pro-Dex, Inc. Announces Fiscal 2010 First Quarter Financial Results Conference Call and Webcast
IRVINE, Calif., Oct. 26 /PRNewswire-FirstCall/ -- PRO-DEX, INC. (Nasdaq: PDEX - News) invites shareholders and investors to listen to a broadcast review of the Company's fiscal 2010 first quarter financial results. The call is scheduled to be broadcast live over the internet on Thursday, October 29, 2009 at 4:30 p.m. Eastern Time (1:30 Pacific Time) and may be accessed by visiting the Company's website at www.pro-dex.com. Mark Murphy, Chief Executive Officer and Jeff Ritchey, Chief Financial Officer, plan to host the call. If you would like to join the call, dial (877) 356-8625 U.S. and (706) 634-9779 International, conference I.D. 38163047. You can identify the call as the Pro-Dex First Quarter Earnings Call.An online archive of the broadcast will be available within two hours of the completion of the call and will be accessible on the Company's website for 365 days. Additionally, a telephone replay will be available 2 hours after the call for 48 hours by dialing (800) 642-1687 U.S. or (706) 645-9291 for international callers, conference I.D. number 38163047.Pro-Dex, Inc., with operations in Irvine, California, Beaverton, Oregon and Carson City, Nevada, provides a pathway to product solutions rarely envisioned by customers. A unique blend of creativity and systemic discipline enables us to develop and manufacture...Click here to read the whole Article (external link)
PRO DEX INC Files SEC form 8-K, Other Events
Show all filings for PRO DEX INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PRO DEX INC 29-Sep-2009Other Events Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" for informational purposes only, not intended for trading purposes or advic...Click here to read the whole Article (external link)
PRO DEX INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for PRO DEX INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PRO DEX INC 17-Sep-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" fo...Click here to read the whole Article (external link)
Q1 2010 Pro-Dex Incorporated Earnings Release - Time Not Supplied
Earnings Announcements for Thursday, October 29CompanySymbolTimeConferenceCall3PAR Inc.PARAfter Market CloseListenABBABB01:00 am ETABG SUN COL HLDGASC.OLTime Not SuppliedAccuray IncorporatedARAYAfter Market CloseListenACHENG RELAY000922.SZTime Not SuppliedAcme Packet, Inc.APKTAfter Market CloseListenAcme UnitedACU09:00 am ETListenACS, Actividades de Construcción y Servicios, S.A.ACS.MCAfter Market CloseACTELIOSACT.MI10:00 am ETActuate CorporationACTUAfter Market CloseListenAdaptec, Inc.ADPTTime Not SuppliedListenAdolor CorporationADLRTime Not SuppliedListenADVA Optical NetworkingADV.FTime Not SuppliedListenAetna Inc.AETBefore Market OpenListenAGL ResourcesAGLBefore Market OpenListenAgree Realty...Click here to read the whole Article (external link)
Pro-Dex, Inc. Announces Fiscal 2010 First Quarter Financial Results Conference Call and Webcast
IRVINE, Calif., Oct. 26 /PRNewswire-FirstCall/ -- PRO-DEX, INC. (Nasdaq: PDEX - News) invites shareholders and investors to listen to a broadcast review of the Company's fiscal 2010 first quarter financial results. The call is scheduled to be broadcast live over the internet on Thursday, October 29, 2009 at 4:30 p.m. Eastern Time (1:30 Pacific Time) and may be accessed by visiting the Company's website at www.pro-dex.com. Mark Murphy, Chief Executive Officer and Jeff Ritchey, Chief Financial Officer, plan to host the call. If you would like to join the call, dial (877) 356-8625 U.S. and (706) 634-9779 International, conference I.D. 38163047. You can identify the call as the Pro-Dex First Quarter Earnings Call.An online archive of the broadcast will be available within two hours of the completion of the call and will be accessible on the Company's website for 365 days. Additionally, a telephone replay will be available 2 hours after the call for 48 hours by dialing (800) 642-1687 U.S. or (706) 645-9291 for international callers, conference I.D. number 38163047.Pro-Dex, Inc., with operations in Irvine, California, Beaverton, Oregon and Carson City, Nevada, provides a pathway to product solutions rarely envisioned by customers. A unique blend of creativity and systemic discipline enables us to develop and manufacture...Click here to read the whole Article (external link)
PRO-DEX, INC. Announces Fiscal First Quarter 2010 Profit, Update on Business Development Activities, and Renewal of Banking Agreement
IRVINE, Calif., Oct. 29 /PRNewswire-FirstCall/ -- PRO-DEX, INC. (Nasdaq: PDEX - News) today announced its financial results for the fiscal first quarter ending September 30, 2009. In addition, Pro-Dex announced that its existing credit agreement with Wells Fargo has been renewed, a new marketing director has been hired, a product development agreement was signed with a new customer, and initial shipments have been made of a newly developed product. Sales for the first quarter ended September 30, 2009 remained stable at $5.6 million compared to $5.7 million for the previous year's first quarter, as increases in medical devices compensated for continued sluggish motion control sales. Net income for the fourth quarter was $183,000 or $0.02 per share compared to a net loss of $118,000 or ($0.01) per share for the previous year's first quarter.Mark Murphy, the Company's President and Chief Executive Officer, commented, "In looking at the comparison quarters, we can see the effect of our tuning efforts last year. In the first quarter of fiscal year 2009, we shipped $5.7 million and lost $0.01 per share, and in this first quarter of fiscal year 2010, we shipped $5.6 million and made $0.02 per share. In addition to these P&L improvements, we shipped the first 50 units of a new arthroscopic surgical hand-piece during fiscal Q1 2010. We currently have purchase orders in our backlog totaling $1.4 million for this product with scheduled ship dates through July, 2010."Commenting further on the Company's top line, Mr. Murph...Click here to read the whole Article (external link)
PRO DEX INC Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
Show all filings for PRO DEX INC | Request a Trial to NEW EDGAR Online Pro Form 8-K for PRO DEX INC 29-Oct-2009Results of Operations and Financial Condition, Financial Statements and Exhibits Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback SEC Filing data and information provided by EDGAR Online, Inc. (1-800-416-6651). All information provided "as is" fo...Click here to read the whole Article (external link)
PRO DEX INC Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue5,633 5,621 4,608 5,237 Cost of Revenue3,759 3,671 3,497 3,304 Gross Profit1,874 1,950 1,111 1,933 Operating ExpensesResearch Development621 708 687 665 Selling General and Administrative1,016 1,003 1,095 1,175 Non Recurring - - 997 - Others - - - - Total Operating Expenses - - - - Operating Income or Loss237 239 (1,668)93 Income from Continuing OperationsTotal Other Income/Expenses Net1 7 - 7 Earnings Before Interest And Taxes238 246 (1,668)100 Interest Expense51 52 55 60 Income Before Tax187 194 (1,723)40 Income Tax Expense4 (8)1,287 (41)Minority Interest - - - - Net Income From Continuing Ops183 202 (3,010)81 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - - Ot...Click here to read the whole Article (external link)
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