Pro-Dex, Inc. Discusses 4th Quarter and Year-End Results with The Stock Day Podcast

Rhea-AI Summary

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.

Positive

• 10% increase in topline sales for 4th quarter and full-year financial results
• New building doubles capacity
• Large backlog of purchase orders
• Expanding product pipeline
• Emphasis on sales division to fill up pipeline

Negative

• None.

PHOENIX, AZ / ACCESSWIRE / October 26, 2023 / The Stock Day Podcast welcomed Pro-Dex, Inc. (NASDAQ:PDEX)("the Company"), a company that specializes in the design, development, and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and maxocranial facial markets.

Dunehoo began the interview by asking about the Company's 4th quarter and full-year financial results. "Our topline sales were 10% greater than the year before, which reflected a good year-over-year performance," shared Van Kirk. "We also announced in our press release that our new building is now fully operational, which we have been looking forward to for a long time," he said. "We have a very large backlog as well, which came out in the filings. So, we are very happy with all that and we have received a lot of positive responses from shareholders too."

Dunehoo then asked about the Company's newly operational building and what it will mean for their growth moving forward. "It essentially doubles our capacity," explained Van Kirk. "We outgrew our Irvine building, so we have now added a second building," he said. "We have moved assembly and our repair group to the new building, which has about the same square footage as our Irvine facility," continued Van Kirk. "We will now be able to expand and increase our machining capacity, while also doing the same with our assembly group."

"What are the driving catalysts for your business?", asked Dunehoo. "Due to the applications of our products, we tend to be fairly resilient to factors like pandemics and recessions," said Van Kirk. "We believe if we keep executing, developing good products, and delivering them on time then business should continue to remain steady."

"Could you describe your product pipeline?", asked Dunehoo. "We have secured a significant backlog of purchase orders," said Van Kirk. "We have a new product currently in engineering, as well as a couple in development that are Pro-Dex branded products," said Van Kirk, adding that the Company manufactures its product almost entirely from its Irvine facility.

"Is the sales component of your company handled internally?", asked Dunehoo. "Yes, we have a small business development group," said Van Kirk. "We are currently adding focus to our sales division," he added. "We will have an added emphasis to fill up our pipeline even more," said Van Kirk, before elaborating on the Company's sales initiatives.

To close the interview, Van Kirk elaborated on the Company's growing position within its unique niche market. He also encouraged listeners and shareholders to keep up-to-date on the Company's current and upcoming projects as they continue to expand their pipeline of products.

To hear Rick Van Kirk's entire interview, follow the link to the podcast here: https://audioboom.com/posts/8390662-pro-dex-inc-discusses-4th-quarter-and-year-end-results-with-the-stock-day-podcast

Investors Hangout is a proud sponsor of "Stock Day," and Stock Day Media encourages listeners to visit the company's message board at https://investorshangout.com/

About Pro-Dex, Inc.:

Pro-Dex, Inc. specializes in the design, development, and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and maxocranial facial markets. We have patented adoptive torque-limiting software and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. Pro-Dex also manufactures and sells rotary air motors to a wide range of industries. Pro-Dex's products are found in hospitals and medical engineering labs around the world. For more information, visit the Company's website at www.pro-dex.com.

Statements herein concerning the Company's plans, growth, and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments, and future performance, (including, but not limited to, the anticipated commencement of operations at the Franklin facility and expected fiscal year revenue), as well as management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

CONTACT:

Richard L. Van Kirk, Chief Executive Officer
(949) 769-3200

About The "Stock Day" Podcast

Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America.

StockDayMedia.com
(602) 821-1102

SOURCE: Stock Day Media

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FAQ

What were Pro-Dex, Inc.'s financial results for the 4th quarter and full-year?

Pro-Dex, Inc. reported a 10% increase in topline sales for the 4th quarter and full-year financial results.

What is the significance of the new building for Pro-Dex, Inc.?

The new building doubles the company's capacity and allows for expansion of machining and assembly groups.

What is Pro-Dex, Inc.'s strategy for business growth?

Pro-Dex, Inc. focuses on executing, developing good products, and delivering them on time to maintain steady business.

What is Pro-Dex, Inc.'s product pipeline?

Pro-Dex, Inc. has secured a significant backlog of purchase orders and has new products in engineering and development.

How is Pro-Dex, Inc. handling its sales component?

Pro-Dex, Inc. has a small business development group and is adding focus to its sales division to fill up the product pipeline even more.