PRO DEX INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
PDEX$69.86-0.6%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: · (restated) | ||
| Net income | $540 | $5,572 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 854 | 594 |
| Amortization of loan fees, net | (6) | 8 |
| Share-based compensation | 588 | 584 |
| Unrealized (gain) loss on marketable equity investments | 3,785 | (3,407) |
| Non-cash straight-line lease amortization | (12) | (1) |
| Gain on sale of investments | — | (7) |
| Deferred income taxes | — | 905 |
| Bad debt expense | 1 | 2 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable and other current receivables | (2,565) | 4,817 |
| Deferred costs | 163 | 431 |
| Inventory | 1,925 | (2,467) |
| Prepaid expenses and other assets | (776) | (1,129) |
| Accounts payable and accrued expenses | 710 | (1,047) |
| Deferred revenue | 35 | (956) |
| Income taxes payable | (63) | 936 |
| Net cash provided by operating activities | 5,179 | 4,835 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of investments | (1,250) | — |
| Purchases of equipment and improvements | (876) | (822) |
| Proceeds from sale of investments | — | 89 |
| Net cash used in investing activities | (2,126) | (733) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repurchases of common stock | (1,830) | (1,547) |
| Proceeds from exercise of options and ESPP contributions | 50 | 89 |
| Payment of employee payroll taxes on net issuance of common stock | — | (223) |
| Proceeds from Minnesota Bank & Trust revolving loan, net of fees | 2,000 | 3,584 |
| Principal payments on notes payable and revolving loan | (2,990) | (4,766) |
| Net cash used in financing activities | (2,770) | (2,863) |
| Net increase in cash and cash equivalents | 283 | 1,239 |
| Cash and cash equivalents, beginning of period | 2,936 | 849 |
| Cash and cash equivalents, end of period | $3,219 | $2,088 |
PRO-DEX, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
| Nine Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $409 | $384 |
| Income taxes | $980 | $1,107 |
PRO-DEX INC. AND SUBSIDIARY
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.