Navigation Links
Pro-Dex, Inc. Announces Fiscal Second Quarter and Six Month Results
Date:2/10/2011

es during this three-month period was due to a change in mix toward sales of medical device products with relatively higher margins, and to cost reductions.  For the six months ended December 31, 2010, gross profit was $4.6 million, a 38% gross profit margin, compared to gross profit and margin of $3.9 million and 34%, respectively, for the corresponding six-month period in 2009.  The increase in gross profit as a percentage of sales during this six-month period was due to a change in mix toward sales of medical device and motion control products at relatively higher margins, and to cost reductions.Mark Murphy, the Company's President and Chief Executive Officer, commented, "We are very pleased with the results for the first half of fiscal 2011.  Sales for both quarters in this period increased sequentially and year-over-year.  This performance, combined with improved gross margins and control over operating expenses resulted in income from operations at significantly higher levels than in the corresponding periods of last year."

Bank Credit FacilityOn February 4, 2011, the Company entered into a credit facility agreement with Union Bank that replaced its previously existing Wells Fargo Bank credit facility. The Union Bank facility consists of (a) a revolving credit line of up to $1.5 million based on eligible accounts receivable and inventories, (b) a non-revolving credit line of up to $350,000 for the acquisition of equipment, which will convert to a 3-year term loan in one year, unless sooner converted based on amounts borrowed under the line, and (c) a 3 1/2-year term loan that replaced the previously existing term loan with Wells Fargo Bank.

Mr. Murphy remarked, "Our new relationship with Union Bank gives us expanded credit capacity and is an important step in pursuit of our strategic objectives."

Teleconference Information:Investors and analysts are invited to listen to a broadcast review of the Company's fiscal 2
'/>"/>

SOURCE Pro-Dex, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7

Related medicine technology :

1. Pro-Dex, Inc. Appoints Harold A. Hurwitz as Chief Financial Officer
2. Pro-Dex, Inc. Announces Fiscal 2010 Third Quarter Financial Results Conference Call and Webcast
3. Pro-Dex, Inc. Announces Fiscal Second Quarter 2010 Results
4. Pro-Dex, Inc. Announces Results of Annual Shareholder Meeting, an Update Regarding Major Customers Product Development Plans, and Receipt of $1.5 Million and $3.0 Million Purchase Orders
5. PRO-DEX, INC. Announces Fiscal First Quarter 2010 Profit, Update on Business Development Activities, and Renewal of Banking Agreement
6. Optimer Pharmaceuticals, Inc. Announces Proposed Public Offering of Common Stock
7. ThermoGenesis Announces Agreement for AXP and BioArchive Cord Blood Systems With Major Chinese Stem Cell Company
8. Perrigo Announces Settlement of Rogaine® Foam Patent Litigation
9. Awarepoint Announces First Annual RTLS Customer Conference and User Group Results and Highlights
10. Omeros Announces Publication of Data From Antifibrinolytic Program
11. Watson Announces Favorable District Court Ruling in Generic Mucinex® Patent Suit
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:10/20/2014)...   Taiho Oncology, Inc. , a subsidiary ... ), announced that the U.S. Food and ... TAS-102 (nonproprietary names: trifluridine and tipiracil hydrochloride), an ... treatment of refractory metastatic colorectal cancer (mCRC), and ... submission to the FDA. According to the American ...
(Date:10/20/2014)... Norgine B.V. today announced that ... bowel preparation, NER1006, presented at the 79 th ... (ACG), Philadelphia, PA , has met ... co-primary endpoint of cleansing success. The study demonstrated high ... in screening colonoscopy patients. [1] ...
(Date:10/19/2014)...  Henry Schein, Inc. (NASDAQ: HSIC ), ... services to office-based dental, animal health and medical practitioners, ... Supply, Inc., a leading full-service provider of dental consumables, ... entrance into Japan , the world,s ... 28 the number of countries in which the Company ...
Breaking Medicine Technology:Taiho Oncology, Inc. Receives FDA Fast Track Designation for TAS-102 as a Potential Treatment for Refractory Metastatic Colorectal Cancer 2Taiho Oncology, Inc. Receives FDA Fast Track Designation for TAS-102 as a Potential Treatment for Refractory Metastatic Colorectal Cancer 3Taiho Oncology, Inc. Receives FDA Fast Track Designation for TAS-102 as a Potential Treatment for Refractory Metastatic Colorectal Cancer 4Positive Results from Phase II Data Show NER1006 Achieves High Quality Bowel Cleansing Efficacy 2Henry Schein Enters Japan With Investment in Iwase Dental Supply 2Henry Schein Enters Japan With Investment in Iwase Dental Supply 3Henry Schein Enters Japan With Investment in Iwase Dental Supply 4Henry Schein Enters Japan With Investment in Iwase Dental Supply 5
... N.J., Dec. 13, 2010 PharmaNet Development Group, ... to pharmaceutical, biotechnology, generic drug and medical device ... launching two technology platforms – Initiator™ and PKS™ ... study timelines by accelerating data acquisition and the ...
... MedShape Solutions, Inc., the world,s leading developer of ... today announced a strategic investment and development agreement ... identifies innovative technology solutions to support the missions ... MedShape,s business is built on a technology platform ...
Cached Medicine Technology:PharmaNet's Technology Investments Translate to Enhanced Client Service in Its Phase I Clinics 2PharmaNet's Technology Investments Translate to Enhanced Client Service in Its Phase I Clinics 3MedShape Solutions, Inc. Secures Investment From IQT to Support U.S. Intelligence Community 2
(Date:10/20/2014)... Succeed is proud to announce that they ranked ... the Every Body Walk! campaign by Kaiser Permanente. ... encourages workers to be more active outside of the workplace. ... at the end of September, was a friendly competition between ... Participating companies gave their staff pedometers and each day, ...
(Date:10/20/2014)... (PRWEB) October 20, 2014 It’s hard to ... many orphans and vulnerable children around the world, it’s a ... some people, many children are forced to walk barefoot on ... their families or play with their friends. , Buckner ... with Air1 Radio in October to encourage support ...
(Date:10/19/2014)... 20, 2014 The leading review ... http://www.top10bestseohosting.com/go/iPage/ ) and GreenGeeks are the best Dedicated ... for those who want to buy high quality ... , The IT manager of Top10BestSEOHosting.com says, “We ... recommended suppliers for everyone. A lot of the ...
(Date:10/19/2014)... Recently, Top10BestSEOHosting.com has unveiled its newest hosting ranking ... are the best VPS hosting suppliers in the ... method of partitioning a physical server computer into ... and capabilities of running on someone’s own dedicated ... attention to VPS products and related suppliers. ...
(Date:10/19/2014)... (HealthDay News) -- New stem cell-based research could improve ... treatments, a new study suggests. Scientists used stem ... in a lab dish. They then transplanted the organoids ... disorders, according to the researchers. "This provides a ... that can cause intestinal failure, from genetic disorders appearing ...
Breaking Medicine News(10 mins):Health News:Succeed Management Solutions, LLC Competes in Walking Challenge and Achieves 12th Place in Portland 2Health News:Buckner Shoes for Orphan Souls® Garners Support from Air1 Radio 2Health News:Buckner Shoes for Orphan Souls® Garners Support from Air1 Radio 3Health News:Top10BestSEOHosting.com Considers iPage And GreenGeeks As The Best Dedicated Server Hosting Suppliers 2Health News:The Best VPS Hosting Suppliers In The Market Unveiled By Top10BestSEOHosting.com 2Health News:Scientists Grow, Implant Human Intestinal Tissue in Mice 2
... just no end to bizarre things that can happen in that ... ,A 3-year-old girl is attacked savagely by her mothers boyfriend, for ... treatment for the poor child, but she would not betray her ... arrested. ,,New Bedford police in Massachusetts announced Wednesday ...
... over 12 weeks pregnant with rocker boyfriend Joel Madden's baby, ... is reported to have shared the joyful news with her ... However, she is neither confirming nor denying her pregnancy to ... appears quite excited about a rumour that Madden might be ...
... A new research by a Frankfurt University team has ... and birds, also use the Earth's magnetic field to ... experiment, the team of Prof. Dr. Wolfgang Wiltschko and ... magnetic field, teaching them by intensive training that their ...
... AIDS awareness project called 'Jaago' to highlight the spread of ... ,The project, which is funded by the Bill and Melinda ... to inform people about AIDS and its impact. It will ... the disease during movie screenings. ,The internationally acclaimed ...
... at The University of Nottingham are amassing an arsenal of ... of hospital superbugs . ,It infiltrates hospitals as ... most antibiotics. And it kills three times as many people ... led by Professor Nigel Minton in the Centre for Healthcare ...
... conference of the European Society of Human Reproduction and ... for protecting the fertility of women with cancer ... Kate Stern, Research Director of the Royal Womens Hospital, ... had shown gonadotropin-releasing hormone (GnRH) antagonists were likely to ...
Cached Medicine News:Health News:Boyfriend Bites Off Lip and Ear of 3-year-old Daughter of His Girlfriend 2Health News:The Hospital Superbugs 2Health News:The Hospital Superbugs 3Health News:A New Therapy to Protect Cancer Patients Against Infertility 2
... Precision Dynamics Corporation offers ... Armboards serving infants to adults. ... durable, non-woven material assuring easy ... of cross contamination. Choose from ...
... armboard is easily attached and ... Durable construction eliminates damage when ... molded body, protecting against denting, ... fiber allows for easy cleanability. ...
The Side Rail Socket fits all American-made tables with standard side rails. Fits accessories with flat mounting posts up to 1/4"W x 1"L. Attaches at rail ends or notches....
Inquire...
Medicine Products: