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Pro-Dex, Inc. Announces Fiscal Second Quarter 2010 Results
Date:2/4/2010

------ Total long-term liabilities 3,098,000 3,278,000 ========= ========= Total liabilities 5,725,000 5,985,000 --------- --------- Commitments and contingencies Shareholders' equity: Common shares; no par value; 50,000,000 shares authorized; 9,668,671 shares issued and outstanding Dec 31, 2009 9,668,671 shares issued and outstanding June 30, 2009 16,645,000 16,574,000 Accumulated deficit (5,329,000) (6,092,000) ---------- ---------- Total shareholders’ equity 11,316,000 10,482,000 Total liabilities and shareholders’ equity $17,041,000 $16,467,000 =========== =========== See notes to condensed consolidated financial statements.
    
    
                       PRO-DEX, INC. and SUBSIDIARIES
                CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                  Three months ended December 31 (unaudited)
    
                                                 2009        2008
                                                 ----        ----
    
    Net sales                                 $5,696,000  $5,237,000
    
    Cost of sales                              3,696,000   3,305,000
                                               ---------   ---------
    Gross profit                               2,000,000   1,932,000
    
    Operating expenses:
      Selling expense                            353,000     329,000
      General and administrative expenses        799,000     833,000
      Impairment of intangible asset             140,000           -
      Research and development costs             57
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SOURCE Pro-Dex, Inc.
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