Pro-Dex(US:PDEX)2025-10-30 20:05Financial Performance - Net sales for the first quarter of fiscal 2026 increased by $3.6 million, or 24%, to $18.5 million compared to $14.9 million in the same period last year[3]. - Gross profit rose by $217,000, or 4%, but gross margin decreased by 6 percentage points to 29% due to higher costs, including tariffs[4]. - Operating expenses increased by $121,000, or 6%, to $2.3 million, primarily due to higher personnel costs in general and administrative expenses[5]. - Operating income for the quarter increased by $96,000, or 3%, to $3.1 million compared to $3.0 million in the prior year[6]. - Net income for the quarter increased to $4.7 million, or $1.40 per diluted share, compared to $2.5 million, or $0.75 per diluted share, in the same quarter last year[7]. Investment and Assets - The company reported unrealized gains on marketable equity investments of $3.3 million for the quarter, compared to $433,000 in the prior year[7]. - Cash and cash equivalents increased to $514,000 from $419,000 at the end of the previous quarter[13]. - Total assets rose to $64.3 million from $61.2 million at the end of the previous quarter[13]. - Shareholders' equity increased to $41.5 million from $36.6 million at the end of the previous quarter[13]. - The company is considering strategic uses for the cash generated from its investment in Monogram Technologies, Inc.[8].