Company: PDEX
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0001079973-25-000164
Chunk: 23

Company: PRO DEX INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Item 2
Chunk 23
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 of major new product
launches and customer planned inventory builds. However, we do not typically experience seasonal fluctuations in our shipments and revenues.

Cost of Sales and Gross Margin
(in thousands except percentages)

    Three
    Months Ended December 31,  
    Six
    Months Ended December 31, 

    2024  
    2023  
    2024  
    2023 

    %
    of Total  
       
    %
    of Total  
       
    %
    of Total  
       
    %
    of Total 
  
    Cost of sales: 

    Product
cost 
    $10,680  
     91% 
    $9,798  
     100% 
    $19,802  
     92% 
    $18,341  
     102%
  
    Under(over)-absorption
of manufacturing costs 
     1,008  
     9% 
     (31) 
     (1%) 
     1,559  
     7% 
     (316) 
     (2%)
  
    Inventory
and warranty charges 
     33  
     —  
     19  
     1% 
     103  
     1% 
     41  
     — 
  
    Total cost of sales 
    $11,721  
     100% 
    $9,786  
     100% 
    $21,464  
     100% 
    $18,066  
     100%

    Three
    Months Ended December 31,  
    Six
    Months Ended December 31,  
    Year
    over Year ppt Change 

    2024  
    2023  
    2024  
    2023  
    Three
    Months  
    Six
    Months 

    Gross margin 
     30% 
     22% 
     32%
     26% 
     8  
     6 

Cost
of sales for the three and six months ended December 31, 2024, increased $1.9 million, or 20%, and $3.4 million, or 19%, respectively,
compared to the corresponding periods of the prior fiscal year. The increase in cost of sales