PRO-DEX, INC. Announces Fiscal 2009 Fourth Quarter and Full-ye... ( including the non-cash $997000 intangib...)

PRO-DEX, INC. Announces Fiscal 2009 Fourth Quarter and Full-year Results

Date:9/17/2009

, including the non-cash $997,000 intangible write-off, increased by $487,000 (6%) to $8.2 million from $7.7 million in fiscal 2008.

Mr. Murphy continued, "We have taken the necessary steps to adapt from our previous rapid growth to our current reality. This economy has severely tested the business models of many companies. Pro-Dex remains strong because our model is based on repeating sales of customized, high-value products. We grow fastest when new products are being developed and when such development requires accelerated timeframes. Neither has been the case this past fiscal year. It is now time to look forward. We are committed to identifying new products that we can assist our customers in bringing to market over the coming months and years. In the meantime, our cost structure has been better aligned with our current revenue base."

During both the fourth quarter and the entire fiscal year 2009, we continued to strengthen the balance sheet. In Q4, we generated an additional $878,000 of operating cash. For all of fiscal 2009, we generated $1.7 million in cash from operations compared to $2.0 million in the year-ago period. At June 30, 2009, we had cash and cash equivalents of $1,124,000 compared to cash and cash equivalents of $517,000 as of June 30, 2008. There was nothing borrowed under the terms of the Company's revolving credit line compared to $2,000,000 outstanding under that line at June 30, 2008. The Company's net debt (total debt less cash) was $2.2 million at June 30, 2009, down from $3.5 million at June 30, 2008.

Teleconference Information:

Investors and all others are invited to listen to a conference call discussing the fourth fiscal quarter and year end 2009 results, today at 4:30 p.m. Eastern Time. The call is scheduled to be broadcast live over the Internet and may be accessed by visiting the Company's website at '/>"/>

1

GOOD

Page: 1 2 3 4 5 6 7 8 9 10 11
Related medicine news :

1. Pro-Dex, Inc. Announces Fiscal 2009 Fourth Quarter Financial Results Conference Call and Webcast
2. Pro-Dex, Inc. Announces Fiscal 2009 Third Quarter Financial Results Conference Call and Webcast
3. Pro-Dex, Inc. Announces Fiscal 2008 Third Quarter Financial Results Conference Call and Webcast
4. Pro-Dex, Inc. Provides Updates on Key Developments
5. American Pacific Announces Executive Change
6. United Way of Greater Los Angeles Announces Matching Fund Launched by Two Local Philanthropists
7. Satellite Healthcare Announces the Recipients of the 2009 Norman S. Coplon Extramural Grants
8. AAF(R) Announces MEGAcel(TM) I Filter with Helior(TM) Media
9. SEQUENOM Announces Launch of SensiGene Cystic Fibrosis Carrier Screening Test
10. Neogen Corporation Announces 1st Quarter Results Conference Call
11. MDS Announces CEO Transition Plan

Post Your Comments:

PRO-DEX, INC. Announces Fiscal 2009 Fourth Quarter and Full-ye...( including the non-cash $997000 intangib...),Health