Company: PDEX
Filing Date: 2025-01-30
Form Type: 10-Q
Source: 0001079973-25-000164
Chunk: 21

Company: PRO DEX INC
Filing Date: 2025-01-30
Form: 10-Q
Item: Item 2
Chunk 21
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, California facility,
and are assembled in our Tustin, California facility (as are our industrial products). Details of
our medical device sales by type is as follows (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 
  
    Medical device sales: 

    Orthopedic 
    $9,330  
     76% 
    $5,533  
     62% 
    $16,024  
     72% 
    $10,371  
     62%
  
    CMF	 
     1,839  
     15% 
     2,759  
     31% 
     4,041  
     18% 
     4,393  
     26%
  
    Thoracic	 
     1,063  
     9% 
     653  
     7% 
     2,079  
     10% 
     1,990  
     12%
  
    Total	 
    $12,232  
     100% 
    $8,945  
     100% 
    $22,144  
     100% 
    $16,754  
     100%

Sales
of our medical device products increased $3.3 million, or 37%, for the three months ended December 31, 2024, and increased $5.4 million,
or 32%, for the six months ended December 31, 2024, compared to the corresponding periods of the prior fiscal year. Our orthopedic
sales increased $3.8 million, or 69%, and $5.7 million, or 55%, respectively, for the three and six months ended December 31, 2024 compared
to the corresponding period of the prior fiscal year, due primarily to the launch of our largest customer’s next generation handpiece.
We expect to see similar increases in orthopedic sale for at least the remainder of this fiscal year. Recurring revenue from CMF drivers
decreased $920,000, or 33