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Pro-Dex, Inc. Announces Fiscal 2012 First Quarter Results
Date:11/9/2011

8,000

17,000Accounts payable and accrued expenses

(616,000)

582,000Income taxes payable

1,000

(31,000)Net cash provided by operating activities

349,000

381,000Cash flows from investing activities: Purchases of equipment and leasehold improvements

(42,000)

(6,000)Net cash used in investing activities

(42,000)

(6,000)Cash flows from financing activities:Principal payments on term loan

(89,000)

(100,000)Principal payments on mortgage

-

(1,528,000)Net cash used by financing activities

(89,000)

(1,628,000)Net increase (decrease) in cash and cash equivalents

218,000

(1,253,000)Cash and cash equivalents, beginning of period

4,689,000

3,794,000Cash and cash equivalents, end of period

$4,907,000

$2,541,000Supplemental InformationCash payments for interest

$11,000

$68,000Cash payments for income taxes

-

$55,000
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SOURCE Pro-Dex, Inc.
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