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Stock impact report

Pro-Dex, Inc. Announces Fiscal 2021 First Quarter Results

Pro-Dex, Inc. (PDEX) 
US:NASDAQ Investor Relations: pro-dex.com/investor-relations
Company Research Source: Accesswire
IRVINE, CA / ACCESSWIRE / November 5, 2020 / PRO-DEX, INC. (NasdaqCM:PDEX) today announced financial results for its fiscal 2021 first quarter ended September 30, 2020. The Company also filed its Quarterly Report on Form 10-Q for the first quarter of fiscal year 2021 with the Securities and Exchange Commission today.Net sales for the three months ended September 30, 2020, increased $1.4 million, or 19%, to $8.6 million from $7.2 million for the three months ended September 30, 2019. The increase is driven by sales of our newest thoracic driver.Gross profit for the three months ended September 30, 2020, increased $695,000, or 25%, to $3.5 million, compared to $2.8 million for the year-ago period. Gross margin increased by 2 percentage points to 40% during the three months ended September 30, 2020, compared to 38% during the corresponding year-ago period due to favorable product mix and increased absorption of our fixed manufacturing overhead expenses.Operating expenses (which include s Show less Read more
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