Company: PDEX
Filing Date: 2025-10-30
Form Type: 10-Q
Source: 0001079973-25-001655
Chunk: 12

Company: PRO DEX INC
Filing Date: 2025-10-30
Form: 10-Q
Item: Item 8
Chunk 12
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 a total of 38,056 shares. During the three months ended September 30, 2025 and 2024,
we recorded stock compensation expense in the amount of $7,000 and $3,000, respectively, relating to the ESPP.

NOTE 10. MAJOR CUSTOMERS & SUPPLIERS

Information
with respect to customers that accounted for sales in excess of 10% of our total sales in
either of the three-month periods ended September 30,
2025 and 2024 is as follows (in thousands, except percentages):

    Schedule of sales by major customers 

    Three
    Months Ended September 30, 

    2025  
    2024 

    Amount  
    Percent of Total  
    Amount  
    Percent of Total 

    Total revenue	 
    $18,530  
     100% 
    $14,892  
     100%

    Customer concentration: 

    Customer 1 
    $14,500  
     78% 
    $11,377  
     76%
  
    Customer 2	 
     1,835  
     10% 
     1,837  
     12%
  
    Total	 
    $16,335  
     88% 
    $13,214  
     88%

    13 
    PRO-DEX INC. AND SUBSIDIARYNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 

Information
with respect to accounts receivable from those customers that comprised more than 10% of our gross accounts receivable at either
September 30, 2025 and June 30, 2025 is as follows (in thousands, except percentages):

    Schedule of accounts receivable 

    September
    30, 2025  
    June 30,
    2025 
  
    Total gross accounts receivable	 
    $18,236  
     100% 
    $16,433  
     100%

    Customer concentration: 

    Customer 1 
    $15,251  
     84% 
    $11,895  
     72%
  
    Customer 2	 
     1,887  
     10% 
     2,768  
     17%
  
    Total 
    $17,