Pro-Dex net income rises 52% to $13.7M on 16% higher sales
Pro-Dex reported net sales of $77.5M, up 16%. Net income increased 52% to $13.7M, with results attributed to medical device sales and the APM acquisition, alongside strong cash flow.
Net sales increased 16% to $77.5M, while net income rose 52% to $13.7M. The company said the improvement was driven by strong medical device sales and the APM acquisition. Pro-Dex said customer concentration and supply chain risks remain, but liquidity is strong and it continues to invest in growth and share repurchases.