PRO DEX INC
For the period ended Mar 31, 2025. Filed May 1, 2025.
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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, 2025 · Filed May 1, 2025
PDEX$69.86-0.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $7,781 | $540 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 925 | 854 |
| Amortization of loan fees, net | 16 | (6) |
| Share-based compensation | 401 | 588 |
| Unrealized (gain) loss on marketable equity investments | (1,060) | 3,785 |
| Non-cash straight-line lease amortization | (24) | (12) |
| Gain on sale of investments | (595) | — |
| Credit loss expense | — | 1 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,974) | (2,565) |
| Deferred costs | 121 | 163 |
| Inventory | (8,163) | 1,925 |
| Prepaid expenses and other assets | (277) | (776) |
| Accounts payable and accrued expenses | 1,601 | 710 |
| Deferred revenue | (14) | 35 |
| Income taxes payable | (247) | (63) |
| Net cash provided by (used in) operating activities | (1,509) | 5,179 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of investments | — | (1,250) |
| Purchases of equipment and improvements | (1,153) | (876) |
| Proceeds from sale of investments | 1,907 | — |
| Net cash provided by (used in) investing activities | 754 | (2,126) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Repurchases of common stock | (3,504) | (1,830) |
| Proceeds from exercise of options and ESPP contributions | 42 | 50 |
| Payment of employee payroll taxes on net issuance of common stock | (305) | — |
| Proceeds from Minnesota Bank & Trust revolving loan, net of fees | 12,890 | 2,000 |
| Principal payments on notes payable and revolving loan | (6,526) | (2,990) |
| Net cash provided by (used in) financing activities | 2,597 | (2,770) |
| Net increase in cash and cash equivalents | 1,842 | 283 |
| Cash and cash equivalents, beginning of period | 2,631 | 2,936 |
| Cash and cash equivalents, end of period | $4,473 | $3,219 |
PRO-DEX, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED
| Nine Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for interest | $573 | $409 |
| Cash paid during the period for income taxes by jurisdiction: | ||
| Federal income tax payments | $2,090 | $885 |
| California income tax payments | 1,100 | 74 |
| Massachusetts income tax payments | — | 21 |
| Total income tax payments | $3,190 | $980 |
| Non-cash investing and financing activity: | ||
| Cashless stock option exercise | $117 | $— |
PRO-DEX INC. AND SUBSIDIARY
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