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Pro-Dex, Inc. Announces Fiscal Third Quarter And Nine-Month Results
Date:5/13/2013

ons

(765,000)

(547,000)Income from discontinued operations, net of provision for income taxes of $14,000 in 2013 and benefit from income taxes of $269,000 in 2012

18,000

60,000Net loss

$
(747,000)

$
(487,000)Per share data (basic and diluted):Loss from continuing operations

$
(0.23)

$
(0.17)Income from discontinued operations

$
.01

$
.02Net loss

$
(0.22)

$
(0.15)Weighted average shares outstanding

3,340,684

3,272,350 PRO-DEX, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF OPERATIONS(unaudited)For The Nine Months Ended March 31,2013

2012Net sales

$
9,527,000

$
3,601,000Cost of sales

6,376,000

9,043,000Gross profit

3,151,000

4,558,000Operating expenses:Selling expenses

907,000

1,192,000General and administrative expenses

2,087,000

2,477,000Research and development costs

1,360,000

1,555,000Total operating expenses

4,354,000

5,224,000Loss from continuing operations before items below

(1,203,000)

(666,000)Other expense:Interest expense

(8,000)

(28,000)Total other expense

(8,000)

(28,000)Loss from continuing operations before benefit from

income taxes

(1,211,000)

(694,000)Benefit from income taxes

(27,000)

(165,000)Loss from continuing operations

(1,184,000)

(529,000)Income from discontinued operations, net of provision for income taxes of $39,000 in 2013 and benefit from income taxes of $269,000 in 2012

72,000

197,000Net loss

$
(1,112,000)

$
(332,000)Per share data (basic and diluted):Loss from continuing operations

$
(0.36)

$
(0.16)Income from discontinued operations


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SOURCE Pro-Dex, Inc.
Copyright©2012 PR Newswire.
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