Pro-Dex FY2026 Net Income Jumps 52% to $13.7M; Cash Position Transforms to $8.2M
PDEX has more than doubled off its 52-week low of $23.47.
Summary
Fiscal 2026 net income rose 52% to $13.7 million, while cash surged to $8.2 million from $419K. Revenue grew 16% to $77.5 million, though backlog fell to $32.9 million.
Key Events · Earnings and Guidance · PDEX
-
FY2026 Net Income Up 52%
Net income reached $13.7 million ($4.12 diluted EPS) versus $9.0 million ($2.67) in fiscal 2025, driven by 16% revenue growth to $77.5 million.
-
Cash Position Transformed
Cash and equivalents grew to $8.2 million from $419K a year earlier, with operating cash flow swinging to positive $7.2 million from negative $1.7 million.
-
Backlog Declines 35%
Backlog fell to $32.9 million from $50.4 million, which management attributes to timing of customer orders rather than demand deterioration.
-
Customer Concentration Remains High
The largest customer accounted for 78% of fiscal 2026 sales ($60.7 million), up from 75% in fiscal 2025, with the top three customers representing 92% of revenue.
Analysis · PDEX · Industrial Applications And Services
A 52% jump in net income to $13.7 million, or $4.12 per diluted share, capped a strong fiscal 2026 for Pro-Dex. The gains were powered by a 16% revenue increase to $77.5 million and gross margin expansion from 29% to 31%. The balance sheet strengthened dramatically as well—cash grew from $419K to $8.2 million, and operating cash flow swung from negative $1.7 million to positive $7.2 million. Yet the company remains highly concentrated, with one customer representing 78% of sales, and backlog declined 35% to $32.9 million, which management attributes to timing. The APM acquisition added aerospace and defense exposure but contributed only $719K in revenue during the stub period.
How filings like this one have moved
In the 30 days to Sep 10, 2026, 30% of the 1973 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, PDEX was trading at $65.00 on NASDAQ in the Industrial Applications And Services sector, with a market capitalization of approximately $197.2M. The 52-week trading range was $23.47 to $69.86. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.