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

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.