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

manufacturing operations around the world. For more information, visit the Company's website at www.pro-dex.com.

Statements herein concerning the Company's plans, growth and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments and future performance, as well as management's expectations, beliefs, plans, estimates or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.

(tables follow)

 PRO-DEX, INC. and SUBSIDIARIES CONSOLIDATED BALANCE SHEETS(unaudited) March 31, 2013

June 30, 2012ASSETSCurrent assets:Cash

$
2,039,000

$
4,112,000Accounts receivable, net of allowance for doubtful accounts of $21,000 at March 31, 2013 and $16,000 at June 30, 2012

1,577,000

1,581,000Other current receivables

36,000

123,000Inventories

3,746,000

2,791,000Prepaid expenses

207,000

172,000Income taxes receivable

564,000

609,000Deferred income taxes

109,000

109,000Total current assets

8,278,000

9,497,000Property, plant, equipment and leasehold improvements, net

2,187,000

2,539,000Real estate held for sale

733,000

733,000Other assets

53,000

53,000Total assets

$
,251,000

$  12,822,000LIABILITIES AND SHAREHOLDERS' EQUITYCurrent liabilities:Accounts payable

$
981,000

$
33,000Accrued expenses


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