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

$
.02

$
.06Net loss

$
(0.34)

$
(0.10)Weighted average shares outstanding

3,312,946

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

2012Cash flows from operating activities:Net loss

$
(1,112,000)

$
(332,000)Adjustments to reconcile net loss to net cash provided by (used in) operating activities:Depreciation and amortization

443,000

493,000Allowance for doubtful accounts

5,000

7,000Share-based compensation

107,000

73,000Changes in:Accounts receivable and other current receivables

86,000

817,000Inventories

(955,000)

644,000Prepaid expenses

(35,000)

(48,000)Other assets

8,000Accounts payable and accrued expenses

134,000

(555,000)Income taxes receivable and payable

46,000

(486,000)Net cash provided by (used in) operating activities

(1,281,000)

621,000Cash flows from investing activities:Purchases of equipment

(68,000)

(246,000)Proceeds from sale of equipment

83,000Net cash used in investing activities

(68,000)

(163,000)Cash flows from financing activities:Proceeds from exercise of stock options

50,000

—Principal payments on term loan

(774,000)

(268,000)Net cash used in financing activities

(724,000)

(268,000)Net increase (decrease) in cash

(2,073,000)

190,000Cash, beginning of period

4,112,000

4,689,000Cash, end of period

$
2,039,000

$
4,879,000Supplemental InformationCash payments for interest

$
,000

$
25,000Cash payments for income taxes

$
5,000


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