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

2011Net sales

$   3,007,000

$ 4,017,000Cost of sales

1,974,000

2,770,000Gross profit

1,033,000

1,247,000Operating expenses:Selling expenses

322,000

369,000General and administrative expenses

627,000

688,000Research and development costs

464,000

508,000Total operating expenses

1,413,000

1,565,000Loss from continuing operations before items below

(380,000)

(318,000)Other expense:Interest expense

--

(10,000)Total other expense

--

(10,000)Loss from continuing operations before provision for (benefit from) income taxes

(380,000)

(328,000)Provision for (benefit from) income taxes

(16,000)

1,000Loss from continuing operations

(364,000)

(329,000)Income from discontinued operations, net of provision for income taxes of $21,000 in 2012 and $0 in 2011

16,000

37,000Net loss

$
(348,000)

$ (292,000)Per share data:Loss from continuing operationsBasic

$
(0.11)

$
(0.10)Diluted

$
(0.11)

$
(0.10)Income from discontinued operationsBasic

$
--

$
.01Diluted

$
--

$
.01Net lossBasic

$
(0.11)

$
(0.09)Diluted

$
(0.11)

$
(0.09)Weighted average shares outstanding - basic

3,319,180

3,272,350Weighted average shares outstanding - diluted

3,319,180

3,272,350 

 

PRO-DEX, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS For The Six Months Ended December 31,2012

2011Net sales

$   6,468,000

$  9,062,000Cost of sales

4,199,000

5,707,000Gross profit

2,269,000

3,355,000Operating expenses:Selling expenses

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

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