Printer Friendly

PRO-DEX REPORTS SECOND QUARTER FINANCIALS

 CITRUS HEIGHTS, Calif., Feb. 18 /PRNewswire/ -- Pro-Dex Inc. (NASDAQ: PDEX) specializing in infection control products for the dental industry, reported today earnings of $80,143 on revenues of $1,355,563 for the quarter ended Dec. 31, 1992, a 150 percent increase over earnings from this period last year.
 For the quarter ended Dec. 31, 1992, Pro-Dex reported revenues of $1,355,563 vs. $1,238,460 for last year's second quarter. Net income of $80,143 or $.02 per share for the quarter compares to $31,962 or $.01 per share for the same period last year. Margins for both the dental centers and Biotrol have shown a significant improvement over the past year. Gross profit margins for the dental centers increased to 27.7 percent from 14.8 percent last year. "The dental centers' profits continued their upward trend through improved patient counts primarily from Denti-Cal patients, and a recent federal magistrate's ruling which increased fees paid to providers who care for Denti-Cal patients," said Kent Searl, chief executive officer of Pro-Dex.
 Biotrol continues to improve efficiencies by expanding its more profitable chemical products through aggressive marketing efforts and new product development. This shift has resulted in an increase in gross profit margins from 57.4 percent last year to 61 percent this quarter. "Pro-Dex is poised for tremendous growth as it focuses on those products which provide the highest profit margins at the level of quality we demand," said Searl.
 Pro-Dex also expensed approximately $60,000 for new product development, packaging and related costs for its Vacusol Plus and Biozyme products and the introduction of its new glove line. For the six-month period Pro-Dex reported revenues of $2,675,101 which compared to $2,310,835 in revenues a year ago. Net income for the six-month period was $181,702 compared to a loss of $9,009 last year.
 PRO-DEX INC.
 Quarter Ended Six Months Ended
 Dec. 31, Dec. 31,
 1992 1991 1992 1991
 Revenues $1,355,563 $1,238,460 $2,675,101 $2,310,835
 Total net
 income (loss) $80,143(a) $31,962 $181,702 ($9,009)
 Net income per
 share $0.02(a) $0.01 $0.04 $0.00
 Weighted average
 number of common
 shares
 outstanding 4,600,450 3,404,750 4,600,450 3,404,750
 (a) After approximately $60,000 expenses for new product development, packaging and related costs to marketing and new product introduction.
 Pro-Dex Inc. leases, equips and staffs five dental centers in Sacramento-area Sears retail stores. Through its wholly owned subsidiary, Biotrol International Inc., Pro-Dex manufactures and markets a full line of infection control products specifically designed for the dental care provider, including barrier protection items; disinfectants, cleaners and deodorizers for surfaces, instruments, and vacuum systems; and skin care products.
 -0- 2/18/93
 /CONTACT: Shannon T. Squyres, investor relations of Pro-Dex, 714-955-1860/
 (PDEX)


CO: Pro-Dex Inc. ST: California IN: MTC SU: ERN

MS-EH -- LA037 -- 7935 02/18/93 13:26 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 18, 1993
Words:495
Previous Article:MARION MERRELL DOW DECLARES QUARTERLY DIVIDEND
Next Article:CHARLES McBRAYER ELECTED TO TRICONEX BOARD OF DIRECTORS
Topics:


Related Articles
PRO-DEX REPORTS RECORD YEAR-END REVENUES AND EARNINGS
/REPEATING FROM YESTERDAY FOR POINTS REQUESTING/
PRO-DEX REPORTS NET INCOME UP 45 PERCENT; PER SHARE INCOME DOUBLES
PRO-DEX REPORTS 215 PERCENT INCREASEIN NET INCOME FOR THE SECOND QUARTER
PRO-DEX ANNOUNCES THIRD QUARTER RESULTS; NINE MONTH NET INCOME INCREASES 36 PERCENT
PRO-DEX REPORTS RECORD PROFITS FOR FISCAL YEAR END
PRO-DEX ANNOUNCES FIRST QUARTER RESULTS
PRO-DEX INC. ANNOUNCES SECOND QUARTER RESULTS
PRO-DEX REPORTS RESULTS FOR FISCAL YEAR END
Pro-Dex Reports Financial Results for the First Quarter of Fiscal 2001; Net Income Increases More Than 200%.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters