Pro-Dex releases financial results

Pro-Dex, a developer of systems that incorporate miniature rotary drives, has announced its financial results for the third fiscal quarter ended 31 March 2010.

Sales for the quarter increased 25 per cent to $6.2m (£4.1m), compared to $4.6m for the previous year’s third quarter, due to better performance in all three product lines.  

Net income for the third quarter was $174,000, or $0.02 per share, compared to a net loss of $3m, or $0.31 per share, for the previous year’s third quarter.