Company: PDEX
Filing Date: 2025-05-01
Form Type: 10-Q
Source: 0001079973-25-000729
Chunk: 26

Company: PRO DEX INC
Filing Date: 2025-05-01
Form: 10-Q
Item: Item 8
Chunk 26
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 95% 
    $30,799  
     93% 
    $ 28,156  
     99%
  
    Under(over)-absorption of manufacturing
costs 
     424  
     3% 
     170  
     2% 
     1,983  
     6% 
     (146) 
     — 
  
    Inventory
and warranty charges 
     195  
     2% 
     306  
     3% 
     298  
     1% 
     347  
     1%
  
    Total cost of sales 
    $11,616  
     100% 
    $10,291  
     100% 
    $33,080  
     100% 
    $28,357  
     100%

    Three Months Ended March 31,  
    Nine Months Ended March 31,  
    Year over Year ppt Change 

    2025  
    2024  
    2025  
    2024  
    Three Months  
    Nine Months 

     Gross margin	 
     33% 
     28% 
     33% 
     27% 
     5  
     6 

Cost
of sales for the three months ended March 31, 2025, increased $1.3 million, or 13%, compared to the corresponding period of the prior
fiscal year. The increase in total costs of sales is consistent with the 22% increase in revenue for the same period. Under-absorption
of manufacturing costs increased by $254,000 for the three months ended March 31, 2025, compared to the corresponding period of the prior
fiscal year. During the third quarter of fiscal 2025 we increased our assembly department labor and overhead rates to reduce the under
absorption of our indirect costs. Costs relating to inventory and warranty charges decreased $111,000 for the three months ended March
31, 2025, compared to the corresponding period of the prior fiscal year, due to a slight decrease in both inventory reserves and warranty
accruals. 

Gross
profit increased by approximately $1.8 million, or 45%, for the three months ended March 31, 2025, compared to the corresponding period
of the prior fiscal year,