Navigation Links
Pro-Dex, Inc. Announces Fiscal Second Quarter And Six-Month Results
Date:1/10/2013

12, gross profit was $2.3 million, or 35%, compared to $3.4 million and 37%, respectively, for the corresponding period in 2011. The decrease in gross profit as a percentage of sales from 2011 to 2012 resulted primarily from reduced manufacturing efficiencies and unfavorable changes in product mix, partially offset by a reduction in warranty costs.

Operating expenses for the six months ended December 31, 2012 decreased 19% to $2.7 million, from $3.3 million in the corresponding six-month period of 2011. This decrease was attributable to the effects of reduced employee compensation, other operating expense cuts, and the utilization of engineering resources in contractual revenue-producing activities.

For the six months ended December 31, 2012, loss from continuing operations was $418,000, compared to income from continuing operations of $17,000 for the corresponding period in 2011.  Net loss for the 2012 six-month period was $365,000, or $0.11 per diluted share, as compared to net income of $154,000, or $0.05 per diluted share, for the corresponding period in 2011.  EBITDA for the six months ended December 31, 2012 was a loss of $55,000, compared to income of $473,000 in the corresponding period one year ago.

During the six months ended December 31, 2012, the Company used $791,000 of cash in operating activities.  This use of cash reflects primarily the previously mentioned build-up of inventory in first fiscal quarter.  In addition, as announced previously, in September 2012 the Company repaid the entire outstanding balance on the term loan from Union Bank amounting to $685,000.  As a result of the foregoing, cash on hand at December 31, 2012 was $2.5 million, compared to $4.1 million at June 30, 2012.

Michael J. Berthelot, the Company's President and Chief Executive Officer, commented, "We believe that the results of the quarter and six months ended December 31, 2012 reflect continued progress on our strategy t
'/>"/>

SOURCE Pro-Dex, Inc.
Copyright©2012 PR Newswire.
All rights reserved

0

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine technology :

1. Pro-Dex, Inc. Announces Fiscal 2013 First Quarter Results
2. Pro-Dex, Inc. Announces Fiscal 2012 Fourth Quarter And Full-Year Results
3. Pro-Dex, Inc. Announces Fiscal 2012 Fourth Quarter and Full-Year Financial Results Conference Call and Webcast
4. Pro-Dex, Inc. Announces Update Conference Call and Webcast
5. Pro-Dex, Inc. Announces Fiscal Third Quarter and Nine Month Results
6. Pro-Dex, Inc. Announces Fiscal 2012 Third Quarter Financial Results Conference Call and Webcast
7. Pro-Dex, Inc. Appoints Michael J. Berthelot Chief Executive Officer
8. Amgen Announces 31 Percent Increase In 2013 First Quarter Dividend And Increase In Its Share Repurchase Authorization
9. Accelr8 Announces Results of 2012 Annual Meeting
10. OncoSec Medical Announces $7.2 Million Public Offering
11. Isis Announces That ISIS-TTR Rx Was Granted Fast Track Designation For The Treatment Of Patients With FAP
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:5/24/2013)... HILLS, Calif. , May 24, 2013 /PRNewswire-iReach/ -- ... state,s leading non-profit substance abuse services organization, is hosting ... the Beverly Hills Hotel on June 6, 2013.  More ... to raise funds for the adolescent residential treatment centers, ... well as honor individuals whose accomplishments have positive influences ...
(Date:5/24/2013)... -- Auxilium Pharmaceuticals, Inc. (Nasdaq: AUXL ) today ... Bank Health Care Conference to be held May 29-30 ... Adrian Adams , Chief Executive Officer and President, ... and its product pipeline at 12:00 p.m. ET on ... http://photos.prnewswire.com/prnh/20101202/MM10881LOGO ) The presentation will also be ...
(Date:5/23/2013)... , May 24, 2013 3SBio Inc. ... "Company"), a leading China -based ... marketing biopharmaceutical products, announced today that, at an ... Company,s shareholders voted in favor of the proposal ... and plan of merger dated February 8, 2013, ...
Breaking Medicine Technology:Phoenix House Honors Allergan Chairman David Pyott And Legendary Sports Agent And Humanitarian, Leigh Steinberg 2Phoenix House Honors Allergan Chairman David Pyott And Legendary Sports Agent And Humanitarian, Leigh Steinberg 3Auxilium Pharmaceuticals, Inc. To Present At The Deutsche Bank Health Care Conference 2Auxilium Pharmaceuticals, Inc. To Present At The Deutsche Bank Health Care Conference 3Auxilium Pharmaceuticals, Inc. To Present At The Deutsche Bank Health Care Conference 43SBio Inc. Announces Shareholders' Approval of the Amended Merger Agreement 23SBio Inc. Announces Shareholders' Approval of the Amended Merger Agreement 3
... 1 Cell Therapeutics, Inc. ("CTI") (NASDAQ and MTA: ... University to be presented by Howard Safran, M.D., head ... oral session at the Annual Meeting of the International ... with cancer of the lower esophagus demonstrated a high ...
... Baxa Corporation announces the launch of a new ... Pharmacy Workflow Manager products. The Baxa IntelliSource(TM) program ... they need to ensure that each dose dispensed is ... one-time setup fees or signing capital leases. , "Our ...
Cached Medicine Technology:OPAXIO Produces High Rates of Pathologic Complete Remission in Patients with Advanced Esophageal Cancer; Study Paves Way for Potential Registration Trial as Radiation Sensitizer 2OPAXIO Produces High Rates of Pathologic Complete Remission in Patients with Advanced Esophageal Cancer; Study Paves Way for Potential Registration Trial as Radiation Sensitizer 3OPAXIO Produces High Rates of Pathologic Complete Remission in Patients with Advanced Esophageal Cancer; Study Paves Way for Potential Registration Trial as Radiation Sensitizer 4OPAXIO Produces High Rates of Pathologic Complete Remission in Patients with Advanced Esophageal Cancer; Study Paves Way for Potential Registration Trial as Radiation Sensitizer 5Baxa Addresses Health-System Capital Shortage With New Programs for IntelliFlowRx(TM) and IntelliFill i.v.(R) 2Baxa Addresses Health-System Capital Shortage With New Programs for IntelliFlowRx(TM) and IntelliFill i.v.(R) 3
(Date:5/24/2013)... May 24 (HealthDay News) -- Patients hospitalized for heart ... they,re admitted on Mondays or in the morning, a ... stay are highest among heart failure patients admitted in ... who are scheduled to present their findings Saturday in ... Association of the European Society of Cardiology. ...
(Date:5/24/2013)... KC and Monica Craichy, Founders of Living Fuel, ... sons, Kyle and Austin Craichy, will be kiteboarding with members ... kiteboarders. , KC Craichy said he is excited to be ... such that virtually everyone who planned to be involved is ... will meet at Matheson Hammock Park and Beach in Miami ...
(Date:5/24/2013)... -- New research suggests a link between sleep ... Every additional hour someone with insomnia sleeps ... the likelihood of moderate or high risk of ... Pennsylvania. "We were surprised by the ... suicide risk," study author, Linden Oliver, clinical research ...
(Date:5/24/2013)... May 24, 2013 Gift Card ... major competitors in sustainable card material, are combining ... forest materials as a sustainable gift card substrate. ... identify industry challenges and increase education and usage ... to support the reduction of carbon footprint and ...
(Date:5/24/2013)... May 24, 2013 Let’s face it: very ... not uncommon for the majority of people to be uncomfortable ... due to a coffee addiction or simply genetics, yellowish or ... are so popular. , Herald Square Dental is ... effective whitening system: Venus White Max. , Teeth become ...
Breaking Medicine News(10 mins):Health News:Monday Best Time for Hospitalization With Heart Failure, Study Says 2Health News:FreeRide836 Sponsor Living Fuel, The Leader in Superfood Nutrition, Announces Kiteboard Launch For This Sunday To Raise Money For Orphans In Africa 2Health News:FreeRide836 Sponsor Living Fuel, The Leader in Superfood Nutrition, Announces Kiteboard Launch For This Sunday To Raise Money For Orphans In Africa 3Health News:Sleep Duration Linked to Suicidal Thoughts in People With Insomnia 2Health News:Making Gift Cards Greener- Competitors Combine Efforts to Educate and Empower Merchants 2Health News:Making Gift Cards Greener- Competitors Combine Efforts to Educate and Empower Merchants 3Health News:Herald Square Dental Introduces New In-office Whitening System: Venus White Max 2
... the natural environment is rising despite tighter controls over ... University scientists have found. , Bacterial DNA extracted from ... a rise in background levels of antibiotic resistant genes. ... research, said the findings suggest an emerging threat to ...
... , , , HIGH ... board-certified physician, and CEO of Tybro Publications, has proposed a new ... of mantras and prayer in human illness. , Dr. Gibson, a ... that there may be a new undiscovered class of receptors within ...
... , Urges Opposition to Legislation Fit for King ... prepares for a Christmas Eve vote on Senator Reid,s health ... it will immediately begin a last minute phone call campaign ... and Virginia. The phone calls will ask voters to contact ...
... affected Chinese products should be monitored, study suggests , TUESDAY, ... carcinogen known as aristolochic acid, which is found in some ... of urinary tract cancer. , The findings were reported ... Cancer Institute . , The study involved 4,594 people in ...
... ... off the couch and into the gym. While advice on how to become ... a general audience. For older adults, these tips range from the helpful to ... The International Council on Active Aging (ICAA), the world,s largest association for ...
... ... approved the use of silicone breast implants for most breast augmentation and reconstruction procedures. ... their safety and effectiveness. , ... Chicago, IL (Vocus) December 23, 2009 -- In 1992, the United States ...
Cached Medicine News:Health News:Soil studies reveal rise in antibiotic resistance 2Health News:Medical Doctor Proposes New Brain Function Theory 2Health News:Medical Doctor Proposes New Brain Function Theory 3Health News:FRC Action Launches Last Minute Phone Call Campaign in Six States 2Health News:Ingredient in Botanicals Tied to Urinary Cancer 2Health News:Aging Expert Offers Tips on How Older Adults Can Become Active in 2010 2Health News:Aging Expert Offers Tips on How Older Adults Can Become Active in 2010 3Health News:Aging Expert Offers Tips on How Older Adults Can Become Active in 2010 4Health News:Chicago Plastic Surgeon Discusses the Popularity and Safety of Silicone Breast Implants Three Years after FDA Approval 2Health News:Chicago Plastic Surgeon Discusses the Popularity and Safety of Silicone Breast Implants Three Years after FDA Approval 3Health News:Chicago Plastic Surgeon Discusses the Popularity and Safety of Silicone Breast Implants Three Years after FDA Approval 4
Stryker Instruments, the leader in surgical helmets, offers its 4th generation of personal protection systems for todays surgical environment the Sterishield T4 System....
... The PS Medical Delta valve is ... fluid (CSF) and maintain intraventricular pressure ... regardless of patient position. The normally ... response to positive ventricular pressure. Working ...
... PS Medical Strata valve is an adjustable ... properties of the valve can be changed ... to minimize overdrainage of cerebrospinal fluid (CSF) ... normal physiologic range, regardless of patient position. ...
...
Medicine Products: