Pro-Dex Q2 net sales rise 11%

Pro-Dex

29/01/2026 21:08

Overview

Medical device maker's fiscal Q2 net sales rose 11% yr/yr to $18.7 mln

Net income for fiscal Q2 increased to $2.2 mln from $2.0 mln yr/yr

Company plans acquisition of local machine shop to enhance capacity

Outlook

Pro-Dex expects to complete acquisition of local machine shop soon

Acquisition may not be immediately accretive to earnings

Company's three-year contract extension supports future growth

Result Drivers

NEXT-GEN HANDPIECE - Growth in net sales driven by $7.3 mln increase in shipments of next-generation orthopedic handpiece

CMF DRIVERS - Additional $1.3 mln in shipments of CMF drivers and batteries contributed to sales growth

PRODUCT MIX - Improved gross margin due to increased sales and favorable product mix

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$18.66 mln
Q2 EPS
$0.66
Q2 Net Income
$2.19 mln
Q2 Gross Profit
$5.74 mln
Q2 Operating Expenses
$2.48 mln


Analyst Coverage

Wall Street's median 12-month price target for Pro-Dex Inc is $56.00, about 42.1% above its January 28 closing price of $39.42

Press Release: ID:nACSW0L0da

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)