2023 Q3 Form 10-K Financial Statement

#000107997323001429 Filed on October 13, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2 2023 Q1
Revenue $11.94M $10.64M $13.08M
YoY Change 7.68% -15.66% 41.17%
Cost Of Revenue $8.280M $7.280M $9.268M
YoY Change 1.83% -20.64% 44.65%
Gross Profit $3.658M $3.360M $3.811M
YoY Change 23.75% -2.38% 33.34%
Gross Profit Margin 30.64% 31.58% 29.14%
Selling, General & Admin $1.020M $1.050M $1.033M
YoY Change -5.29% -30.6% -11.33%
% of Gross Profit 27.88% 31.25% 27.11%
Research & Development $805.0K $700.0K $713.0K
YoY Change -13.35% -3.58% 8.36%
% of Gross Profit 22.01% 20.83% 18.71%
Depreciation & Amortization $282.0K $270.0K $210.0K
YoY Change 46.11% 50.0% 16.67%
% of Gross Profit 7.71% 8.04% 5.51%
Operating Expenses $1.825M $1.750M $1.746M
YoY Change -9.02% -21.84% -4.95%
Operating Profit $1.833M $1.610M $2.065M
YoY Change 92.95% 33.83% 102.25%
Interest Expense $133.0K $3.580M $131.0K
YoY Change 2.31% 1058.58% -133.85%
% of Operating Profit 7.26% 222.36% 6.34%
Other Income/Expense, Net -$2.662M $122.0K
YoY Change -873.84% -152.59%
Pretax Income -$829.0K $5.190M $1.768M
YoY Change -164.06% 248.09% 178.86%
Income Tax -$214.0K $1.390M $455.0K
% Of Pretax Income 26.78% 25.74%
Net Earnings -$615.0K $3.810M $1.313M
YoY Change -157.16% 171.17% 184.2%
Net Earnings / Revenue -5.15% 35.81% 10.04%
Basic Earnings Per Share -$0.17 $0.37
Diluted Earnings Per Share -$0.17 $1.06 $0.36
COMMON SHARES
Basic Shares Outstanding 3.547M shares 3.545M shares 3.544M shares
Diluted Shares Outstanding 3.547M shares 3.623M shares

Balance Sheet

Concept 2023 Q3 2023 Q2 2023 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $8.006M $11.59M $4.771M
YoY Change 45.56% 622.63% -19.0%
Cash & Equivalents $1.904M $2.936M $2.088M
Short-Term Investments $6.102M $8.655M $2.683M
Other Short-Term Assets $790.0K $790.0K $1.919M
YoY Change -47.85% -47.33% 15.39%
Inventory $16.26M $16.17M $15.15M
Prepaid Expenses $296.0K
Receivables $11.03M $9.952M $10.57M
Other Receivables $420.0K $0.00 $0.00
Total Short-Term Assets $31.42M $30.98M $31.15M
YoY Change -1.29% -0.6% 10.84%
LONG-TERM ASSETS
Property, Plant & Equipment $4.952M $5.079M $5.162M
YoY Change 2.06% -62.16% -61.3%
Goodwill
YoY Change
Intangibles $75.00K $81.00K $87.00K
YoY Change -30.56% -31.36%
Long-Term Investments $5.090M $7.520M $1.534M
YoY Change 169.45% 322.71% -13.72%
Other Assets $42.00K $42.00K $42.00K
YoY Change 0.0% -94.99% -91.68%
Total Long-Term Assets $18.16M $20.84M $15.83M
YoY Change 12.59% 28.99% 0.29%
TOTAL ASSETS
Total Short-Term Assets $31.42M $30.98M $31.15M
Total Long-Term Assets $18.16M $20.84M $15.83M
Total Assets $49.59M $51.82M $46.98M
YoY Change 3.38% 9.5% 7.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.740M $2.261M $3.068M
YoY Change -22.8% -39.88% -13.16%
Accrued Expenses $2.701M $3.135M $2.425M
YoY Change -16.76% 13.96% 46.79%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.840M $3.830M $3.114M
YoY Change -13.86% 16.59% 89.65%
Total Short-Term Liabilities $8.281M $9.676M $10.14M
YoY Change -29.06% -10.49% 31.35%
LONG-TERM LIABILITIES
Long-Term Debt $8.570M $8.910M $9.247M
YoY Change -13.63% -13.07% -12.56%
Other Long-Term Liabilities $1.530M $1.640M $1.745M
YoY Change -21.7% -36.87% -47.36%
Total Long-Term Liabilities $10.11M $10.56M $10.99M
YoY Change -14.88% -17.83% -20.86%
TOTAL LIABILITIES
Total Short-Term Liabilities $8.281M $9.676M $10.14M
Total Long-Term Liabilities $10.11M $10.56M $10.99M
Total Liabilities $18.39M $20.23M $21.14M
YoY Change -21.91% -14.48% -2.21%
SHAREHOLDERS EQUITY
Retained Earnings $24.21M $24.82M $19.25M
YoY Change 41.88% 55.28% 21.0%
Common Stock $6.987M $6.767M $6.585M
YoY Change -4.99% -11.91%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $31.20M $31.59M $25.84M
YoY Change
Total Liabilities & Shareholders Equity $49.59M $51.82M $46.98M
YoY Change 3.38% 9.5% 7.04%

Cashflow Statement

Concept 2023 Q3 2023 Q2 2023 Q1
OPERATING ACTIVITIES
Net Income -$615.0K $3.810M $1.313M
YoY Change -157.16% 171.17% 184.2%
Depreciation, Depletion And Amortization $282.0K $270.0K $210.0K
YoY Change 46.11% 50.0% 16.67%
Cash From Operating Activities $392.0K $620.0K $2.338M
YoY Change -86.45% -111.74% 997.65%
INVESTING ACTIVITIES
Capital Expenditures $126.0K $150.0K $135.0K
YoY Change -29.21% -140.76% -168.18%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00 $0.00
YoY Change -100.0% -100.0% -100.0%
Cash From Investing Activities -$126.0K -$160.0K -$135.0K
YoY Change 40.0% -139.9% -34.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.298M 370.0K -497.0K
YoY Change 52.17% -61.7% -0.2%
NET CHANGE
Cash From Operating Activities $392.0K 620.0K 2.338M
Cash From Investing Activities -$126.0K -160.0K -135.0K
Cash From Financing Activities -$1.298M 370.0K -497.0K
Net Change In Cash -$1.032M 830.0K 1.706M
YoY Change -152.95% -121.22% -447.45%
FREE CASH FLOW
Cash From Operating Activities $392.0K $620.0K $2.338M
Capital Expenditures $126.0K $150.0K $135.0K
Free Cash Flow $266.0K $470.0K $2.203M
YoY Change -90.2% -109.57% 436.01%

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WeightedAverageNumberOfSharesOutstandingBasic
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NetIncomeLoss
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CY2021 us-gaap Net Income Loss
NetIncomeLoss
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CY2023 us-gaap Depreciation Depletion And Amortization
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DepreciationDepletionAndAmortization
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CY2021 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
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CY2023 pdex Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investment
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestment
3899000 usd
CY2022 pdex Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investment
UnrealizedGainLossOnMarketableSecuritiesCostMethodInvestmentsAndOtherInvestment
931000 usd
CY2021 pdex Unrealized Gain Loss On Marketable Securities Cost Method Investments And Other Investment
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1990000 usd
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CY2021 us-gaap Gain On Sale Of Investments
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84000 usd
CY2023 pdex Noncash Lease Expense Recovery
NoncashLeaseExpenseRecovery
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CY2022 pdex Noncash Lease Expense Recovery
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13000 usd
CY2021 pdex Noncash Lease Expense Recovery
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26000 usd
CY2022 us-gaap Gain Loss On Sale Of Property Plant Equipment
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CY2022 us-gaap Share Based Compensation
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264000 usd
CY2022 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
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CY2021 us-gaap Deferred Income Tax Expense Benefit
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89000 usd
CY2022 pdex Bad Debt Expense Recovery
BadDebtExpenseRecovery
2000 usd
CY2021 pdex Bad Debt Expense Recovery
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517000 usd
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38000 usd
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3489000 usd
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4241000 usd
CY2021 us-gaap Increase Decrease In Inventories
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199000 usd
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IncreaseDecreaseInPrepaidExpense
331000 usd
CY2021 us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
314000 usd
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1991000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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105000 usd
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863000 usd
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CY2021 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2022 us-gaap Net Cash Provided By Used In Financing Activities
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CY2021 us-gaap Net Cash Provided By Used In Financing Activities
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2087000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
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CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2021 pdex Cashless Stock Option Exercise
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CY2022 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
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CY2021 us-gaap Income Taxes Paid Net
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521000 usd
CY2022 us-gaap Interest Paid Net
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CY2021 us-gaap Interest Paid Net
InterestPaidNet
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CY2023 us-gaap Nature Of Operations
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<p id="xdx_80C_eus-gaap--NatureOfOperations_zwZyw0x6H5Oi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left"> </p> <table cellpadding="0" cellspacing="0" style="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 6pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="width: 35pt; text-align: left">1.</td><td style="text-align: justify"><span id="xdx_828_zYi7pALoanFl">DESCRIPTION OF BUSINESS</span></td> </tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">We specialize in the design, development and manufacture of autoclavable, battery-powered and electric, multi-function surgical drivers and shavers used primarily in the orthopedic, thoracic, and craniomaxillofacial markets. We have patented adaptive torque-limiting technology and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. We also manufacture and sell rotary air motors to a wide range of industries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">In August 2020, we formed a wholly owned subsidiary, PDEX Franklin, LLC (“PDEX Franklin”), to hold title for an approximate 25,000 square foot industrial building in Tustin, California (the “Franklin Property”) that we acquired on November 6, 2020, in order to allow for the continued growth of our business. The consolidated financial statements include the accounts of the Company and PDEX Franklin and all significant inter-company accounts and transactions have been eliminated. This subsidiary has no separate operations.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"></p>
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CY2022 us-gaap Income Tax Expense Benefit
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1990000 usd
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3966000000 shares
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CY2020Q4 us-gaap Income Tax Expense Benefit
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CY2020Q4 us-gaap Net Income Loss
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0.46
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CY2021Q1 pdex Deferred Income Tax Asset Net
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CY2021Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q1 us-gaap Income Tax Expense Benefit
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CY2021Q3 pdex Deferred Income Tax Asset Net
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CY2021Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q3 us-gaap Income Tax Expense Benefit
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CY2021Q3 us-gaap Earnings Per Share Diluted
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CY2021Q4 pdex Deferred Income Tax Asset Net
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CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2021Q4 us-gaap Income Tax Expense Benefit
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0.30
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CY2022Q1 pdex Deferred Income Tax Asset Net
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CY2022Q1 us-gaap Liabilities And Stockholders Equity
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CY2022Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q1 us-gaap Income Tax Expense Benefit
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CY2022Q1 us-gaap Net Income Loss
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CY2022Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
CY2022Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2022Q3 pdex Deferred Income Tax Asset Net
DeferredIncomeTaxAssetNet
175000 usd
CY2022Q3 us-gaap Long Term Investments
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Assets
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CY2022Q3 us-gaap Liabilities And Stockholders Equity
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CY2022Q3 us-gaap Unrealized Gain Loss On Investments
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CY2022Q3 us-gaap Nonoperating Income Expense
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CY2022Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q3 us-gaap Income Tax Expense Benefit
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CY2022Q3 us-gaap Net Income Loss
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EarningsPerShareBasic
0.33
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.33
CY2022Q4 us-gaap Long Term Investments
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CY2022Q4 us-gaap Assets
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CY2022Q4 us-gaap Liabilities
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CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21704000 usd
CY2022Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
51876000 usd
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2740000 usd
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CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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CY2022Q4 us-gaap Income Tax Expense Benefit
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1004000 usd
CY2022Q4 us-gaap Net Income Loss
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EarningsPerShareBasic
0.80
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2023Q1 us-gaap Liabilities
Liabilities
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RetainedEarningsAccumulatedDeficit
23321000 usd
CY2023Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
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242000 usd
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122000 usd
CY2023Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2187000 usd
CY2023Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
570000 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
1617000 usd
CY2023Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2023Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2023 pdex Revenue Recognition Sale Of Services
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<p id="xdx_849_ecustom--RevenueRecognitionSaleOfServices_zSVepBPFBji2" style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0"><b><span id="xdx_869_zVgbrhk8nUx7">Net Sales</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-align: justify; text-indent: 0.5in">Net sales consists of the sale of products and services, as well as shipping and handling costs billed to our customers and is net of volume rebates and discounts and excludes sales tax.</p>
CY2023 us-gaap Profit Loss
ProfitLoss
108000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
0 usd
CY2023 us-gaap Guarantees Indemnifications And Warranties Policies
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<p id="xdx_849_eus-gaap--GuaranteesIndemnificationsAndWarrantiesPolicies_zAhnwJtrNBIk" style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0"><b><span id="xdx_86E_zRNjEE2891ij">Warranties</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-align: justify; text-indent: 0.5in">Certain of our products are sold with a warranty that provides for repairs or replacement of any defective parts for a period, generally one to two years, after the sale. At the time of the sale, we accrue an estimate of the cost of providing the warranty based on prior experience with such factors as return rates and repair costs, which factors are reviewed quarterly.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-align: justify; text-indent: 0.5in">The warranty accrual is based on historical costs of warranty repairs and expected future identifiable warranty expenses and is included in accrued expenses in the accompanying balance sheets. Warranty expenses are included in cost of sales in the accompanying statements of operations. Changes in estimates to previously established warranty accruals result from current period updates to assumptions regarding repair costs and warranty return rates and are included in current period warranty expense.</p>
CY2023Q2 us-gaap Other Inventory In Transit
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637000 usd
CY2022Q2 us-gaap Other Inventory In Transit
OtherInventoryInTransit
177000 usd
CY2023 us-gaap Concentration Risk Credit Risk
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<p id="xdx_842_eus-gaap--ConcentrationRiskCreditRisk_zNyn1M5OKHhe" style="font: 10pt Times New Roman, Times, Serif; margin: 7pt 0 0"><b><span id="xdx_86C_zyNRDR3Ihxyb">Concentration of Credit Risk</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 7pt 0 0; text-align: justify; text-indent: 0.5in">Financial instruments that potentially subject us to credit risk consist principally of cash, cash equivalents, and trade receivables. We place our cash and cash equivalents with major financial institutions. At June 30, 2023 and 2022, and throughout the fiscal years then ended, we had deposits in excess of federally insured limits. Credit sales are made to medical device distributors, original equipment manufacturers, and resellers throughout the world, and sales to such customers account for a substantial portion of our trade receivables. While such receivables are not collateralized, we evaluate their collectability based on several factors including customers’ payment histories.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p>
CY2023 us-gaap Use Of Estimates
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<p id="xdx_841_eus-gaap--UseOfEstimates_zNj6C3uIUL2k" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0in"><b><span id="xdx_86D_zBJeBfIx58c4">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 7pt 0 0; text-align: justify; text-indent: 0.5in">The preparation of financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 7pt 0 0; text-align: justify; text-indent: 0.5in">Our operations are affected by numerous factors including market acceptance of our products, supply chain disruptions, changes in technologies, and new laws, effects from the COVID-19 pandemic, government regulations, and policies. We cannot predict what impact, if any, the occurrence of these or other events might have on our operations. Significant estimates and assumptions made by management include, but are not limited to, revenue recognition, share-based compensation, the allowance for doubtful accounts, accrued warranty expense, investments, inventory valuation, the carrying value of long-lived assets, and the recoverability/extinguishment of deferred income tax assets and liabilities.</p>
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CY2023 pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
2695000 usd
CY2022 pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
1014000 usd
CY2023 pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
43392000 usd
CY2022 pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
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CY2023 us-gaap Revenues
Revenues
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CY2022 us-gaap Revenues
Revenues
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CY2022Q2 us-gaap Deferred Revenue Noncurrent
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1545000 usd
CY2022 us-gaap Accretion Expense
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1319000 usd
CY2023 pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
-1710000 usd
CY2022 pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
-774000 usd
CY2023 pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
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CY2022 pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
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CY2023Q2 us-gaap Contract With Customer Asset Net
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CY2022Q2 us-gaap Contract With Customer Asset Net
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CY2022Q2 us-gaap Contract With Customer Liability
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CY2021Q2 us-gaap Contract With Customer Liability
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150000 usd
CY2023 us-gaap Proceeds From Customers For Progress Payments
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CY2022 us-gaap Proceeds From Customers For Progress Payments
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CY2023 pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
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CY2022 pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
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CY2022Q2 us-gaap Contract With Customer Liability
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1013000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5079000 usd
CY2023Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1134000 usd
CY2022Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
755000 usd
CY2023Q2 pdex Marketable Securities Warrant Non Current
MarketableSecuritiesWarrantNonCurrent
6160000 usd
CY2022Q2 pdex Marketable Securities Warrant Non Current
MarketableSecuritiesWarrantNonCurrent
2304000 usd
CY2023Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
1361000 usd
CY2022Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
1779000 usd
CY2023Q2 us-gaap Marketable Securities
MarketableSecurities
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CY2022Q2 us-gaap Marketable Securities
MarketableSecurities
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CY2023Q2 pdex Available For Sale Securities Amortized Costs
AvailableForSaleSecuritiesAmortizedCosts
2714000 usd
CY2022Q2 pdex Available For Sale Securities Amortized Costs
AvailableForSaleSecuritiesAmortizedCosts
2796000 usd
CY2023 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
219000 usd
CY2023 pdex Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
286000 usd
CY2023 pdex Marketable Securities Unrealized Gain
MarketableSecuritiesUnrealizedGain
67000 usd
CY2022 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
262000 usd
CY2022 pdex Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
369000 usd
CY2022 pdex Marketable Securities Unrealized Gain
MarketableSecuritiesUnrealizedGain
107000 usd
CY2023Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
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CY2022Q2 us-gaap Marketable Securities Current
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755000 usd
CY2023Q2 us-gaap Share Price
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3.98
CY2022Q2 us-gaap Share Price
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CY2023 us-gaap Option Indexed To Issuers Equity Strike Price1
OptionIndexedToIssuersEquityStrikePrice1
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CY2022 us-gaap Option Indexed To Issuers Equity Strike Price1
OptionIndexedToIssuersEquityStrikePrice1
1.60
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
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CY2022 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
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CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
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CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.600 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0468 pure
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0300 pure
CY2022Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
4833000 usd
CY2023 us-gaap Depreciation
Depreciation
727000 usd
CY2022 us-gaap Depreciation
Depreciation
616000 usd
CY2023Q2 pdex Retired Assets
RetiredAssets
760000 usd
CY2022Q2 pdex Retired Assets
RetiredAssets
87000 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
8824000 usd
CY2022Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
6323000 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3686000 usd
CY2022Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3463000 usd
CY2023Q2 pdex Inventory Sub Assemblies
InventorySubAssemblies
2387000 usd
CY2022Q2 pdex Inventory Sub Assemblies
InventorySubAssemblies
2118000 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1270000 usd
CY2022Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
774000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
16167000 usd
CY2022Q2 us-gaap Inventory Net
InventoryNet
12678000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6499000 usd
CY2022Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6499000 usd
CY2023Q2 pdex Accumulated Depreciation
AccumulatedDepreciation
250000 usd
CY2022Q2 pdex Accumulated Depreciation
AccumulatedDepreciation
156000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6249000 usd
CY2022Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6343000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13390000 usd
CY2022Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13177000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8311000 usd
CY2022Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8344000 usd
CY2022 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
35000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
127000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
90000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81000 usd
CY2022Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
118000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000 usd
CY2022 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
16000 usd
CY2022 us-gaap Legal Fees
LegalFees
84000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearThree
30000 usd
CY2023Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
650000 usd
CY2022Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
509000 usd
CY2023Q2 pdex Unvouchered Inventory In Transit Current
UnvoucheredInventoryInTransitCurrent
637000 usd
CY2022Q2 pdex Unvouchered Inventory In Transit Current
UnvoucheredInventoryInTransitCurrent
177000 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
216000 usd
CY2022Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
275000 usd
CY2023Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
400000 usd
CY2022Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
430000 usd
CY2023Q2 pdex Operating Lease Liability Currents
OperatingLeaseLiabilityCurrents
416000 usd
CY2022Q2 pdex Operating Lease Liability Currents
OperatingLeaseLiabilityCurrents
379000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
200000 usd
CY2022Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
340000 usd
CY2023Q2 pdex Accrued Losses On Development Contracts Current
AccruedLossesOnDevelopmentContractsCurrent
480000 usd
CY2022Q2 pdex Accrued Losses On Development Contracts Current
AccruedLossesOnDevelopmentContractsCurrent
517000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
136000 usd
CY2022Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
124000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
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CY2023 us-gaap Product Warranty Accrual Warranties Issued
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CY2022 us-gaap Product Warranty Accrual Warranties Issued
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CY2023 pdex Product Warranty Accrual Amortization
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CY2022 pdex Product Warranty Accrual Amortization
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CY2023Q2 us-gaap Product Warranty Accrual
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CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
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CY2023 pdex Uncertain Tax Positions
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CY2022 pdex Uncertain Tax Positions
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CY2023 us-gaap Income Tax Reconciliation Other Reconciling Items
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CY2023 us-gaap Income Tax Expense Benefit
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CY2023 us-gaap Effective Income Tax Rate Continuing Operations
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CY2022 us-gaap Income Tax Expense Benefit
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CY2023Q2 pdex Deferred Tax Assets Research And Other Credits
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CY2022Q2 pdex Deferred Tax Assets Research And Other Credits
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CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Reserves And Accruals Other
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CY2023Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2022Q2 us-gaap Deferred Tax Assets Tax Deferred Expense Compensation And Benefits Share Based Compensation Cost
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CY2023Q2 pdex Section174 Capitalization
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CY2023Q2 pdex Deferred Tax Asset Lease Liability
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CY2022Q2 pdex Deferred Tax Asset Lease Liability
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CY2022Q2 us-gaap Deferred Tax Assets Inventory
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CY2023Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2022Q2 us-gaap Deferred Tax Assets Valuation Allowance
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CY2023Q2 pdex Deferred Tax Assets Unrealized Gain On Availablefor Sale Securities Gross
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CY2023Q2 pdex Deferred Tax Asset Liabilities Net
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CY2022Q2 pdex Deferred Tax Asset Liabilities Net
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CY2023 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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CY2023Q2 pdex Unrecognized Tax Benefit
UnrecognizedTaxBenefit
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CY2022Q2 us-gaap Unrecognized Tax Benefits
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CY2021Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
550000 usd
CY2023 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions On Federal Tax
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsOnFederalTax
16000 usd
CY2022 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions On Federal Tax
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsOnFederalTax
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CY2023 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions Upon State Tax
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CY2022 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions Upon State Tax
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositionsUponStateTax
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CY2023 pdex Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Position
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CY2022 pdex Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Position
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CY2023 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
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CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2023Q2 us-gaap Unrecognized Tax Benefits
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CY2022Q2 us-gaap Unrecognized Tax Benefits
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509000 usd
CY2023 us-gaap Income Tax Examination Penalties And Interest Expense
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CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
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3844000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1397000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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908000 usd
CY2023Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
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3689000 usd
CY2023Q2 us-gaap Long Term Debt
LongTermDebt
12797000 usd
CY2023Q2 pdex Operating Lease Liability Currents
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416000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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519000 usd
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535000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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551000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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567000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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143000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Payments Due
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2315000 usd
CY2023Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
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261000 usd
CY2023Q2 pdex Operating Lease Liabilities
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2054000 usd
CY2023Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
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CY2023 us-gaap Operating Lease Payments
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CY2022 us-gaap Operating Lease Payments
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489000 usd
CY2023 pdex Lease And Rental Expenses
LeaseAndRentalExpenses
563000000 usd
CY2022 pdex Lease And Rental Expenses
LeaseAndRentalExpenses
559000000 usd
CY2023 us-gaap Net Income Loss
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7074000 usd
CY2022 us-gaap Net Income Loss
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4572000 usd
CY2023 pdex Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
3571000 shares
CY2022 pdex Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
3636000 shares
CY2023 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.98
CY2022 us-gaap Earnings Per Share Basic
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1.26
CY2023 us-gaap Net Income Loss
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7074000 usd
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CY2023 pdex Weightedaverage Shares Outstanding Diluted
WeightedaverageSharesOutstandingDiluted
3571000 shares
CY2022 pdex Weightedaverage Shares Outstanding Diluted
WeightedaverageSharesOutstandingDiluted
3636000 shares
CY2023 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
66000 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
127000 shares
CY2023 pdex Weightedaverage Shares Used In Calculation Of Diluted Earnings Per Share
WeightedaverageSharesUsedInCalculationOfDilutedEarningsPerShare
3637000 shares
CY2022 pdex Weightedaverage Shares Used In Calculation Of Diluted Earnings Per Share
WeightedaverageSharesUsedInCalculationOfDilutedEarningsPerShare
3763000 shares
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.95
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21

Files In Submission

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