Pro-Dex Inc
pro-dex.comWhat Do They Do?
Designs and manufactures powered surgical instruments and shavers, plus related repair and engineering services, primarily for medical device makers; also makes precision-machined parts and assemblies for aerospace and defense customers.
10-K for FY2026, filed Sep 3, 2026Pro-Dex, Inc. (“Company,” “Pro-Dex,” “we,” “our,” “us”) specializes in the design, development, and manufacture of autoclavable…View ↗
Our medical device products utilize proprietary designs, are developed by us primarily under exclusive development and supply agreements…View ↗
We have only one operating segment as our business is currently operated. We have reached this conclusion because our Chief Executive…View ↗
How Do They Make Money?
Customers buy finished products, with sales generally tied to shipment. Design and customization work is billed as work progresses against agreed milestones, and the related service revenue is tied to delivery of the underlying products or services.
10-K for FY2026, filed Sep 3, 2026Revenue from product sales is recognized as promulgated by the Financial Accounting Standards Board (“FASB”) in Accounting Standards Update…View ↗
Revenue from services, typically non-recurring engineering (“NRE”) services related to the design or customization of a medical device, is…View ↗
The timing of revenue recognition, billings, and cash collections results in billed accounts receivables, unbilled receivables (presented…View ↗
$77.5M
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10-K for FY2026, filed Sep 3, 2026
$77.5M ↗
Who Are Their Customers?
Original equipment manufacturers place purchase orders for products developed under supply agreements, request custom-device design, or hire Pro-Dex to manufacture their designs; medical device distributors are also customers.
10-K for FY2026, filed Sep 3, 2026Our medical device products utilize proprietary designs, are developed by us primarily under exclusive development and supply agreements…View ↗
Our business today is almost entirely driven by sales of our medical devices. Many of our significant customers place purchase orders for…View ↗
Pro-Dex, Inc. (“Company,” “Pro-Dex,” “we,” “our,” “us”) specializes in the design, development, and manufacture of autoclavable…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2026 and turned 9 cents into free cash flow.
10-K for FY2026, filed Sep 3, 2026
$13MView ↗
10-K for FY2026, filed Sep 3, 2026
$13.7MView ↗
10-K for FY2026, filed Sep 3, 2026
$6.8MView ↗
How Are They Changing?
Growing. Revenue grew 84% in 4 years, from $42M in FY2022 to $77.5M in FY2026, about 17% a year.
Added aerospace and defense machining
The older report describes surgical devices and rotary air motors; the latest report adds precision-machined parts and assemblies for aerospace and defense through APM.
10-K for FY2023, filed Oct 13, 2023 10-K for FY2026, filed Sep 3, 2026Pro-Dex, Inc. (“Company,” “Pro-Dex,” “we,” “our,” “us”) specializes in the design, development, and manufacture of autoclavable…View ↗
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