Pro-Dex(US:PDEX)2025-01-30 21:03Financial Performance - Net sales for the second quarter ended December 31, 2024, increased by $4.2 million, or 33%, to $16.8 million compared to $12.6 million for the same period in 2023[3] - Gross profit for the second quarter increased by $2.3 million, or 81%, to $5.1 million, with a gross margin improvement of 8 percentage points to 30%[4] - Operating income for the second quarter rose by $1.9 million, or 247%, to $2.7 million compared to $777,000 for the same quarter in the prior year[6] - Net income for the second quarter was $2.0 million, or $0.61 per diluted share, compared to $500,000, or $0.14 per diluted share, for the same quarter in fiscal 2024[6] - For the six months ended December 31, 2024, net sales increased by $7.2 million, or 29%, to $31.7 million from $24.5 million for the same period in 2023[7] - Gross profit for the six months increased by $3.8 million, or 58%, with a gross margin increase of 6 percentage points to 32%[9] - Operating income for the six months rose by $3.1 million, or 119%, to $5.7 million compared to $2.6 million for the same period in the prior year[11] - Net income for the six months was $4.5 million, or $1.33 per diluted share, compared to a net loss of $115,000, or $0.03 per diluted share, for the same period in 2023[12] Operational Capacity - The company is ramping up staff to meet increased backlog commitments, indicating a focus on operational capacity to support sales growth[13] - The company anticipates continued revenue increases in the third and fourth quarters due to ongoing production shipments of the next generation handpiece[3]