Recent Updates — PDEX

Pro-Dex's subsidiary Advanced Precision Machining renewed existing leases for approximately 2,500 square feet of office and manufacturing space in Costa Mesa through September 2030, with base rent increases ranging from 4.0% to 6.6%. The company also signed a new gross lease for an additional 5,800-square-foot industrial unit at the same location, commencing November 1, 2026, with monthly base rent starting at $11,600 and escalating annually through 2030. Pro-Dex manufactures precision machined components.

Pro-Dex announced fiscal 2027 first-quarter results ending September 30, 2026. Net sales increased 11% to $20.6 million from $18.5 million in the prior year period, driven by a $3.3 million rise in medical device revenue and contributions from its Advanced Precision Machining subsidiary. Gross profit grew 28% to $6.9 million with margins expanding to 33%. Operating income rose 13% to $3.5 million despite higher operating expenses. Net income decreased to $3.0 million, or $0.92 per diluted share, compared to $4.7 million, or $1.40 per diluted share, in the year-ago quarter, primarily due to lower unrealized gains on marketable equity investments. Pro-Dex specializes in the design and manufacture of surgical drivers and shavers for orthopedic and thoracic markets.

Pro-Dex, Inc. reported fiscal 2026 fourth quarter and full-year financial results for the period ended June 30, 2026. For the quarter ended June 30, 2026, net sales increased 17% to $20.4 million from $17.5 million, driven by revenue from a customer's next-generation orthopedic handpiece. Gross profit rose 103% to $7.1 million with margins expanding to 35%, while operating income grew 163% to $3.5 million and net income reached $2.9 million, or $0.87 per diluted share. For the full fiscal year, net sales increased 16% to $77.5 million from $66.6 million, resulting in net income of $13.7 million, or $4.12 per diluted share, compared to $9.0 million previously. The company also completed the acquisition of Advanced Precision Machining, LLC (APM) on February 9, 2026. Pro-Dex, Inc. specializes in the design, development, and manufacture of surgical drivers and shavers for orthopedic and related medical markets.