2024 Q1 Form 10-Q Financial Statement

#000107997324000181 Filed on February 08, 2024

View on sec.gov

Income Statement

Concept 2024 Q1 2023 Q4
Revenue $14.29M $12.59M
YoY Change 9.28% 11.58%
Cost Of Revenue $10.29M $9.786M
YoY Change 11.04% 13.02%
Gross Profit $4.002M $2.802M
YoY Change 5.01% 6.82%
Gross Profit Margin 28.0% 22.26%
Selling, General & Admin $1.029M $1.237M
YoY Change -0.39% 21.39%
% of Gross Profit 25.71% 44.15%
Research & Development $760.0K $788.0K
YoY Change 6.59% 68.74%
% of Gross Profit 18.99% 28.12%
Depreciation & Amortization $23.00K $288.0K
YoY Change -89.05% 50.79%
% of Gross Profit 0.57% 10.28%
Operating Expenses $1.789M $2.025M
YoY Change 2.46% 36.27%
Operating Profit $2.213M $777.0K
YoY Change 7.17% -31.66%
Interest Expense $138.0K $139.0K
YoY Change 5.34% 8.59%
% of Operating Profit 6.24% 17.89%
Other Income/Expense, Net
YoY Change
Pretax Income $913.0K $620.0K
YoY Change -48.36% -47.19%
Income Tax $258.0K $120.0K
% Of Pretax Income 28.26% 19.35%
Net Earnings $655.0K $500.0K
YoY Change -50.11% -43.12%
Net Earnings / Revenue 4.58% 3.97%
Basic Earnings Per Share $0.19 $0.14
Diluted Earnings Per Share $0.19 $0.14
COMMON SHARES
Basic Shares Outstanding 3.511M shares 3.547M shares
Diluted Shares Outstanding 3.524K shares 3.612M shares

Balance Sheet

Concept 2024 Q1 2023 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.339M $8.601M
YoY Change 95.75% 165.3%
Cash & Equivalents $3.219M $1.289M
Short-Term Investments $6.120M $7.312M
Other Short-Term Assets $1.403M $1.313M
YoY Change -26.89% -21.09%
Inventory $14.24M $15.03M
Prepaid Expenses
Receivables $12.52M $13.17M
Other Receivables $0.00 $0.00
Total Short-Term Assets $35.96M $36.60M
YoY Change 15.45% 16.61%
LONG-TERM ASSETS
Property, Plant & Equipment $5.191M $5.331M
YoY Change 0.56% 2.46%
Goodwill
YoY Change
Intangibles $61.00K $68.00K
YoY Change -29.89% -30.61%
Long-Term Investments $1.543M $1.509M
YoY Change 0.59% -12.57%
Other Assets $42.00K $42.00K
YoY Change 0.0% 0.0%
Total Long-Term Assets $14.59M $14.83M
YoY Change -7.83% -8.43%
TOTAL ASSETS
Total Short-Term Assets $35.96M $36.60M
Total Long-Term Assets $14.59M $14.83M
Total Assets $50.55M $51.43M
YoY Change 7.61% 8.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.435M $2.909M
YoY Change 11.96% -13.53%
Accrued Expenses $2.701M $2.846M
YoY Change 11.38% -14.12%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $3.858M $3.846M
YoY Change 23.89% 23.67%
Total Short-Term Liabilities $10.42M $9.990M
YoY Change 2.71% -14.36%
LONG-TERM LIABILITIES
Long-Term Debt $7.884M $8.228M
YoY Change -14.74% -14.2%
Other Long-Term Liabilities $1.299M $1.415M
YoY Change -25.56% -23.51%
Total Long-Term Liabilities $9.191M $9.651M
YoY Change -16.38% -15.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $10.42M $9.990M
Total Long-Term Liabilities $9.191M $9.651M
Total Liabilities $19.61M $19.64M
YoY Change -7.22% -14.99%
SHAREHOLDERS EQUITY
Retained Earnings $25.36M $24.71M
YoY Change 31.73% 37.72%
Common Stock $5.575M $7.078M
YoY Change -15.34% 8.34%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.94M $31.79M
YoY Change
Total Liabilities & Shareholders Equity $50.55M $51.43M
YoY Change 7.61% 8.09%

Cashflow Statement

Concept 2024 Q1 2023 Q4
OPERATING ACTIVITIES
Net Income $655.0K $500.0K
YoY Change -50.11% -43.12%
Depreciation, Depletion And Amortization $23.00K $288.0K
YoY Change -89.05% 50.79%
Cash From Operating Activities $4.077M $712.0K
YoY Change 74.38% -280.25%
INVESTING ACTIVITIES
Capital Expenditures $117.0K $629.0K
YoY Change -13.33% 23.58%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.250M
YoY Change -125100.0%
Cash From Investing Activities -$117.0K -$1.879M
YoY Change -13.33% 269.88%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -2.030M 560.0K
YoY Change 308.45% -137.01%
NET CHANGE
Cash From Operating Activities 4.077M 712.0K
Cash From Investing Activities -117.0K -1.879M
Cash From Financing Activities -2.030M 560.0K
Net Change In Cash 1.930M -607.0K
YoY Change 13.13% -74.88%
FREE CASH FLOW
Cash From Operating Activities $4.077M $712.0K
Capital Expenditures $117.0K $629.0K
Free Cash Flow $3.960M $83.00K
YoY Change 79.75% -109.18%

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AmortizationOfDeferredLoanOriginationFeesNet
-4000 usd
us-gaap Gain On Sale Of Investments
GainOnSaleOfInvestments
7000 usd
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
790000 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
2000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
3217000 usd
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-3187000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
-82000 usd
us-gaap Increase Decrease In Deferred Charges
IncreaseDecreaseInDeferredCharges
167000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-1141000 usd
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
2457000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
605000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
874000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
340000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
147000 usd
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-162000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-64000 usd
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
481000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1102000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
2497000 usd
us-gaap Payments To Acquire Investments
PaymentsToAcquireInvestments
1250000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
759000 usd
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
687000 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
89000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2009000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-598000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
107000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1349000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
32000 usd
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
45000 usd
pdex Payment Of Employee Payroll Taxes On Net Issuance Of Common Stock
PaymentOfEmployeePayrollTaxesOnNetIssuanceOfCommonStock
-223000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
2000000 usd
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1800000 usd
pdex Principal Payments On Notes Payable And Revolving Loan
PrincipalPaymentsOnNotesPayableAndRevolvingLoan
2665000 usd
pdex Principal Payments On Notes Payable And Revolving Loan
PrincipalPaymentsOnNotesPayableAndRevolvingLoan
2639000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-740000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2366000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1647000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-467000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2936000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
849000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1289000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
382000 usd
us-gaap Interest Paid Net
InterestPaidNet
272000 usd
us-gaap Interest Paid Net
InterestPaidNet
257000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
658000 usd
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
841000 usd
CY2022Q4 us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
2740000 usd
CY2022Q4 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
2619000 usd
CY2022Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
3756000 usd
CY2022Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1004000 usd
CY2022Q4 us-gaap Net Income Loss
NetIncomeLoss
2752000 usd
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
us-gaap Unrealized Gain Loss On Investments
UnrealizedGainLossOnInvestments
3165000 usd
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
3139000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
5225000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1270000 usd
us-gaap Net Income Loss
NetIncomeLoss
3955000 usd
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80C_eus-gaap--NatureOfOperations_zUUmOEAztp4e" style="font: bold 10pt Times New Roman, Times, Serif">NOTE 2.<span id="xdx_829_zAdPi9lhJVsi"> DESCRIPTION OF BUSINESS</span></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 maxocranial facial markets. We have patented adaptive torque-limiting software 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 condensed 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"> </p>
CY2023Q4 pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
338000 usd
CY2022Q4 pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
483000 usd
pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
528000 usd
pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
1391000 usd
CY2023Q4 pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
12250000 usd
CY2022Q4 pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
10799000 usd
pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
23998000 usd
pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
20978000 usd
CY2023Q4 us-gaap Revenues
Revenues
12588000 usd
CY2022Q4 us-gaap Revenues
Revenues
11282000 usd
us-gaap Revenues
Revenues
24526000 usd
us-gaap Revenues
Revenues
22369000 usd
CY2023Q4 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 usd
CY2022Q4 us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
312000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
862000 usd
us-gaap Increase Decrease In Contract With Customer Asset
IncreaseDecreaseInContractWithCustomerAsset
0 usd
CY2023Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
591000 usd
CY2022Q3 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
591000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
494000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
714000 usd
CY2023Q4 us-gaap Accretion Expense
AccretionExpense
107000 usd
CY2022Q4 us-gaap Accretion Expense
AccretionExpense
412000 usd
us-gaap Accretion Expense
AccretionExpense
326000 usd
us-gaap Accretion Expense
AccretionExpense
746000 usd
CY2023Q4 pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
277000 usd
CY2022Q4 pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
117000 usd
pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
382000 usd
pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
566000 usd
CY2023Q4 pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
9000 usd
CY2022Q4 pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
9000 usd
pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
26000 usd
pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
17000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
412000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
877000 usd
CY2023Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
412000 usd
CY2022Q4 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
877000 usd
CY2022Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
851000 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1013000 usd
CY2022Q4 us-gaap Proceeds From Customers For Progress Payments
ProceedsFromCustomersForProgressPayments
312000 usd
us-gaap Proceeds From Customers For Progress Payments
ProceedsFromCustomersForProgressPayments
43000 usd
us-gaap Proceeds From Customers For Progress Payments
ProceedsFromCustomersForProgressPayments
700000 usd
CY2022Q4 pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
312000 usd
pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
43000 usd
pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
862000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
851000 usd
CY2022Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
851000 usd
CY2023Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
7524000 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
8824000 usd
CY2023Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
3905000 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3686000 usd
CY2023Q4 pdex Inventory Sub Assemblies
InventorySubAssemblies
2721000 usd
CY2023Q2 pdex Inventory Sub Assemblies
InventorySubAssemblies
2387000 usd
CY2023Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
876000 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1270000 usd
CY2023Q4 us-gaap Inventory Net
InventoryNet
15026000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
16167000 usd
CY2023Q4 us-gaap Short Term Investments
ShortTermInvestments
5803000 usd
CY2023Q2 us-gaap Short Term Investments
ShortTermInvestments
1134000 usd
CY2023Q2 pdex Marketable Securities Warrant Non Current
MarketableSecuritiesWarrantNonCurrent
6160000 usd
CY2023Q4 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
1509000 usd
CY2023Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
1361000 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
7312000 usd
CY2023Q2 us-gaap Marketable Securities
MarketableSecurities
8655000 usd
CY2023Q4 pdex Available For Sale Securities Amortized Costs
AvailableForSaleSecuritiesAmortizedCosts
3964000 usd
CY2023Q2 pdex Available For Sale Securities Amortized Costs
AvailableForSaleSecuritiesAmortizedCosts
2714000 usd
us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
3300000 usd
pdex Marketable Securities Unrealized Gain
MarketableSecuritiesUnrealizedGain
3800000 usd
pdex Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
482000 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
CY2023Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
763000 usd
CY2023Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1134000 usd
CY2023Q4 us-gaap Cash
Cash
1250000 usd
CY2023Q4 pdex Common Stock Shares
CommonStockShares
1828551 shares
pdex Exercise Unrealized Loss Investment
ExerciseUnrealizedLossInvestment
38000 usd
CY2022Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
55000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
53000 usd
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
109000 usd
CY2023Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
8000 usd
CY2022Q4 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
1000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
7000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6499000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6499000 usd
CY2023Q4 pdex Accumulated Depreciation
AccumulatedDepreciation
297000 usd
CY2023Q2 pdex Accumulated Depreciation
AccumulatedDepreciation
250000 usd
CY2023Q4 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6202000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6249000 usd
CY2023Q4 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
208000 usd
CY2023Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
208000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
140000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
127000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
68000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
14000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Rolling Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextRollingTwelveMonths
28000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Rolling Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseRollingYearTwo
28000 usd
pdex Product Warranty Reserve
ProductWarrantyReserve
194000 usd
CY2023 pdex Product Warranty Reserve
ProductWarrantyReserve
200000 usd
CY2023Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
189000 usd
CY2022Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
365000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
200000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
340000 usd
CY2023Q4 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
29000 usd
us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
14000 usd
CY2023Q4 pdex Product Warranty Accrual Amortization
ProductWarrantyAccrualAmortization
32000 usd
CY2022Q4 pdex Product Warranty Accrual Amortization
ProductWarrantyAccrualAmortization
77000 usd
pdex Product Warranty Accrual Amortization
ProductWarrantyAccrualAmortization
66000 usd
pdex Product Warranty Accrual Amortization
ProductWarrantyAccrualAmortization
119000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
194000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
344000 usd
CY2023Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
194000 usd
CY2022Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
344000 usd
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
64800 shares
CY2023Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
500000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
2752000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-115000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
3955000 usd
CY2023Q4 pdex Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
3547000 shares
CY2022Q4 pdex Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
3574000 shares
pdex Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
3547000 shares
pdex Weightedaverage Shares Outstanding Basic
WeightedaverageSharesOutstandingBasic
3595000 shares
CY2023Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.14
CY2022Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.77
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.10
CY2023Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
500000 usd
CY2022Q4 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
2752000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-115000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
3955000 usd
CY2023Q4 pdex Weightedaverage Shares Outstanding Diluted
WeightedaverageSharesOutstandingDiluted
3547000 shares
CY2022Q4 pdex Weightedaverage Shares Outstanding Diluted
WeightedaverageSharesOutstandingDiluted
3574000 shares
pdex Weightedaverage Shares Outstanding Diluted
WeightedaverageSharesOutstandingDiluted
3547000 shares
pdex Weightedaverage Shares Outstanding Diluted
WeightedaverageSharesOutstandingDiluted
3595000 shares
CY2023Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
65000 shares
CY2022Q4 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
78000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
77000 shares
CY2023Q4 pdex Weighted Average Shares Used In Calculation Of Diluted Earnings Per Share
WeightedAverageSharesUsedInCalculationOfDilutedEarningsPerShare
3612000 shares
CY2022Q4 pdex Weighted Average Shares Used In Calculation Of Diluted Earnings Per Share
WeightedAverageSharesUsedInCalculationOfDilutedEarningsPerShare
3652000 shares
pdex Weighted Average Shares Used In Calculation Of Diluted Earnings Per Share
WeightedAverageSharesUsedInCalculationOfDilutedEarningsPerShare
3547000 shares
pdex Weighted Average Shares Used In Calculation Of Diluted Earnings Per Share
WeightedAverageSharesUsedInCalculationOfDilutedEarningsPerShare
3672000 shares
CY2023Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.14
CY2022Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.75
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.08
CY2023Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
61000 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
54000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P1Y6M
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
435000 usd
CY2023Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0553 pure
CY2023Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
131000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
258000 usd
CY2022Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
127000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
250000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
261000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
535000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
551000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
567000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
143000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2057000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
207000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
1850000 usd

Files In Submission

Name View Source Status
0001079973-24-000181-index-headers.html Edgar Link pending
0001079973-24-000181-index.html Edgar Link pending
0001079973-24-000181.txt Edgar Link pending
0001079973-24-000181-xbrl.zip Edgar Link pending
ex31z1.htm Edgar Link pending
ex31z2.htm Edgar Link pending
ex32.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
MetaLinks.json Edgar Link pending
pdex-20231231.xsd Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
pdex-20231231_cal.xml Edgar Link unprocessable
pdex-20231231_def.xml Edgar Link unprocessable
pdex-20231231_lab.xml Edgar Link unprocessable
pdex-20231231_pre.xml Edgar Link unprocessable
pdex_10q.htm Edgar Link pending
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report.css Edgar Link pending
Show.js Edgar Link pending
pdex_10q_htm.xml Edgar Link completed