PRO-DEX, INC. Announces Fiscal 2009 Fourth Quarter and Full-ye...(Total liabilities ...),Health

Date:9/17/2009

Total liabilities 5,985,000 8,373,000 --------- --------- Commitments and contingencies Shareholders' equity: Common shares; no par value; 50,000,000 shares authorized; 9,964,366 shares issued and 9,668,671 outstanding June 30, 2009 9,879,066 shares issued and 9,803,366 outstanding June 30, 2008 16,574,000 16,545,000 Accumulated deficit (6,092,000) (3,247,000) --------- --------- Total shareholders' equity 10,482,000 13,298,000 Total liabilities and shareholders' equity $16,467,000 $21,671,000 =========== =========== See notes to consolidated financial statements.

                             PRO-DEX, INC. and SUBSIDIARIES
                         CONSOLIDATED STATEMENTS OF OPERATIONS
                                  Years ended June 30

                                                           2009         2008
                                                           ----         ----

    Net sales                                       $21,122,000  $25,126,000

    Cost of sales                                    14,374,000   16,917,000
                                                     ----------   ----------
    Gross profit                                      6,748,000    8,209,000

    Operating expenses:
      Selling expense                                 1,295,000    1,482,000
      General and administrative expenses             3,157,000    3,265,000
      Irvine facility move related general and
       administrative expenses                                -      274,000
      Impairment of intangible
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SOURCE  Pro-Dex, Inc.
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