2024 Q3 Form 10-K Financial Statement

#000155335024000079 Filed on September 05, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2 2024
Revenue $14.89M $15.03M $53.84M
YoY Change 24.74% 41.21% 16.83%
Cost Of Revenue $9.742M $10.94M $39.29M
YoY Change 17.66% 50.22% 17.86%
Gross Profit $5.150M $4.089M $14.55M
YoY Change 40.79% 21.7% 14.13%
Gross Profit Margin 34.58% 27.21% 27.02%
Selling, General & Admin $1.294M $902.0K $4.189M
YoY Change 26.86% -14.1% 0.14%
% of Gross Profit 25.13% 22.06% 28.79%
Research & Development $843.0K $836.0K $3.189M
YoY Change 4.72% 19.43% 13.73%
% of Gross Profit 16.37% 20.45% 21.92%
Depreciation & Amortization $302.0K $306.0K $1.160M
YoY Change 7.09% 13.33% 35.36%
% of Gross Profit 5.86% 7.48% 7.97%
Operating Expenses $2.137M $1.738M $7.378M
YoY Change 17.1% -0.69% 5.6%
Operating Profit $3.013M $2.351M $7.173M
YoY Change 64.38% 46.02% 24.49%
Interest Expense $152.0K -$421.0K -$4.539M
YoY Change 14.29% -111.76% -951.59%
% of Operating Profit 5.04% -17.91% -63.28%
Other Income/Expense, Net -$4.539M
YoY Change -223.81%
Pretax Income $3.319M $1.930M $2.634M
YoY Change -500.36% -62.81% -72.06%
Income Tax $853.0K $343.0K $507.0K
% Of Pretax Income 25.7% 17.77% 19.25%
Net Earnings $2.466M $1.587M $2.127M
YoY Change -500.98% -58.35% -69.93%
Net Earnings / Revenue 16.56% 10.56% 3.95%
Basic Earnings Per Share $0.76 $0.61
Diluted Earnings Per Share $0.75 $0.46 $0.60
COMMON SHARES
Basic Shares Outstanding 3.358M shares 3.419M shares 3.499M shares
Diluted Shares Outstanding 3.292M shares 3.571M shares

Balance Sheet

Concept 2024 Q3 2024 Q2 2024
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.294M $8.411M $6.848M
YoY Change 16.09% -27.44% 68.26%
Cash & Equivalents $3.081M $2.631M $2.631M
Short-Term Investments $6.213M $5.780M $4.217M
Other Short-Term Assets $623.0K $607.0K $607.0K
YoY Change -21.14% -23.16% -23.16%
Inventory $16.60M $15.27M $15.27M
Prepaid Expenses $345.0K
Receivables $13.46M $13.89M $13.89M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $38.50M $36.61M $36.61M
YoY Change 22.52% 18.18% 18.18%
LONG-TERM ASSETS
Property, Plant & Equipment $5.183M $5.024M $12.65M
YoY Change 4.66% -1.08% -4.15%
Goodwill
YoY Change
Intangibles $47.00K $54.00K
YoY Change -37.33% -33.33%
Long-Term Investments $1.475M $1.563M $1.563M
YoY Change -71.02% -79.22% -79.22%
Other Assets $44.00K $42.00K $1.597M
YoY Change 4.76% 0.0% 3892.5%
Total Long-Term Assets $15.81M $15.87M $15.87M
YoY Change -12.97% -23.88% -23.87%
TOTAL ASSETS
Total Short-Term Assets $38.50M $36.61M $36.61M
Total Long-Term Assets $15.81M $15.87M $15.87M
Total Assets $54.31M $52.48M $52.48M
YoY Change 9.53% 1.26% 1.27%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $4.442M $4.513M $4.513M
YoY Change 62.12% 99.6% 99.69%
Accrued Expenses $4.019M $3.359M $3.359M
YoY Change 48.8% 7.15% 6.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.401M $4.374M $4.374M
YoY Change -15.46% 14.2% 14.2%
Total Short-Term Liabilities $11.29M $12.89M $12.89M
YoY Change 36.28% 33.24% 33.18%
LONG-TERM LIABILITIES
Long-Term Debt $11.08M $7.536M $7.536M
YoY Change 29.32% -15.42% -15.42%
Other Long-Term Liabilities $1.063M $1.182M $1.182M
YoY Change -30.52% -27.93% -27.93%
Total Long-Term Liabilities $12.15M $8.718M $8.718M
YoY Change 20.15% -17.42% -17.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $11.29M $12.89M $12.89M
Total Long-Term Liabilities $12.15M $8.718M $8.718M
Total Liabilities $23.43M $21.61M $21.61M
YoY Change 27.41% 6.81% 6.82%
SHAREHOLDERS EQUITY
Retained Earnings $29.42M $26.95M
YoY Change 21.51% 8.57%
Common Stock $1.461M $3.917M
YoY Change -79.09% -42.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $30.88M $30.87M $30.87M
YoY Change
Total Liabilities & Shareholders Equity $54.31M $52.48M $52.48M
YoY Change 9.53% 1.26% 1.27%

Cashflow Statement

Concept 2024 Q3 2024 Q2 2024
OPERATING ACTIVITIES
Net Income $2.466M $1.587M $2.127M
YoY Change -500.98% -58.35% -69.93%
Depreciation, Depletion And Amortization $302.0K $306.0K $1.160M
YoY Change 7.09% 13.33% 35.36%
Cash From Operating Activities $1.887M $1.020M $6.199M
YoY Change 381.38% 64.52% 13.49%
INVESTING ACTIVITIES
Capital Expenditures $431.0K $107.0K $983.0K
YoY Change 242.06% -28.67% 1.34%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$1.250M
YoY Change -1488.89%
Cash From Investing Activities -$431.0K -$107.0K -$2.233M
YoY Change 242.06% -33.12% 152.32%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $3.505M
YoY Change 126.57%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$1.006M -1.501M -$4.271M
YoY Change -22.5% -505.68% 71.53%
NET CHANGE
Cash From Operating Activities $1.887M 1.020M $6.199M
Cash From Investing Activities -$431.0K -107.0K -$2.233M
Cash From Financing Activities -$1.006M -1.501M -$4.271M
Net Change In Cash $450.0K -588.0K -$305.0K
YoY Change -143.6% -170.84% -114.61%
FREE CASH FLOW
Cash From Operating Activities $1.887M $1.020M $6.199M
Capital Expenditures $431.0K $107.0K $983.0K
Free Cash Flow $1.456M $913.0K $5.216M
YoY Change 447.37% 94.26% 16.12%

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4000000 usd
CY2023 pdex Borrowing From Minnesota Bank Trust Net Of Loan Origination Fees
BorrowingFromMinnesotaBankTrustNetOfLoanOriginationFees
5284000 usd
CY2024 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
3505000 usd
CY2023 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1547000 usd
CY2024 pdex Payments Of Employee Taxes On Net Issuance Of Common Stock
PaymentsOfEmployeeTaxesOnNetIssuanceOfCommonStock
0 usd
CY2023 pdex Payments Of Employee Taxes On Net Issuance Of Common Stock
PaymentsOfEmployeeTaxesOnNetIssuanceOfCommonStock
-223000 usd
CY2024 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
50000 usd
CY2023 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
89000 usd
CY2024 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-4271000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-2490000 usd
CY2024 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-305000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
2087000 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
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2631000 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2936000 usd
CY2024 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1891000 usd
CY2023 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
1655000 usd
CY2024 us-gaap Interest Paid Net
InterestPaidNet
555000 usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
521000 usd
CY2024 us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80A_eus-gaap--NatureOfOperations_zvnqsU1pwBce" 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_82C_zTzFjsPcMvo9">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: 3pc">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: 3pc"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 3pc">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: 3pc"> </p>
CY2024 pdex Revenue Recognition Sale Of Services
RevenueRecognitionSaleOfServices
<p id="xdx_840_ecustom--RevenueRecognitionSaleOfServices_z44kmq7gs501" style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0"><b><span id="xdx_861_z2EQUUnNSsd6">Net Sales</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-align: justify; text-indent: 3pc">Net sales consists of the sale of products and services, as well as shipping and handling billed to our customers and is net of volume rebates and discounts and excludes sales tax.</p>
CY2024 us-gaap Profit Loss
ProfitLoss
118000 usd
CY2023 us-gaap Profit Loss
ProfitLoss
108000 usd
CY2024 us-gaap Guarantees Indemnifications And Warranties Policies
GuaranteesIndemnificationsAndWarrantiesPolicies
<p id="xdx_846_eus-gaap--GuaranteesIndemnificationsAndWarrantiesPolicies_zIUDQAMklcCf" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_863_zRuqI1UBXO1k">Warranties</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 8pt 0 0; text-align: justify; text-indent: 3pc">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: 3pc">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 consolidated balance sheets. Warranty expenses are included in cost of sales in the accompanying consolidated 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>
CY2024Q2 us-gaap Other Inventory In Transit
OtherInventoryInTransit
275000 usd
CY2023Q2 us-gaap Other Inventory In Transit
OtherInventoryInTransit
637000 usd
CY2024 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p id="xdx_847_eus-gaap--ConcentrationRiskCreditRisk_zJWP6aKgW8gb" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><span id="xdx_86A_z8fpPuQu9qcg">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: 3pc">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, 2024 and 2023, 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>
CY2024 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_842_eus-gaap--UseOfEstimates_zIxppZJShO4" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 10pt; text-align: justify; text-indent: 0pc"><b><span id="xdx_86C_zbKFnjsOpnw8">Use of Estimates</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 7pt 0 0; text-align: justify; text-indent: 3pc">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: 3pc">Our operations are affected by numerous factors including market acceptance of our products, supply chain disruptions, changes in technologies, and new laws, 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 credit losses, 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>
CY2024 us-gaap Advertising Expense
AdvertisingExpense
14000 usd
CY2023 us-gaap Advertising Expense
AdvertisingExpense
4000 usd
CY2024 pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
786000 usd
CY2023 pdex Overtime Revenue Recognition
OvertimeRevenueRecognition
2695000 usd
CY2024 pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
53058000 usd
CY2023 pdex Pointintime Revenue Recognition
PointintimeRevenueRecognition
43392000 usd
CY2024 us-gaap Revenues
Revenues
53844000 usd
CY2023 us-gaap Revenues
Revenues
46087000 usd
CY2024Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
0 usd
CY2023Q2 us-gaap Deferred Revenue Noncurrent
DeferredRevenueNoncurrent
1000000 usd
CY2022Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
710000 usd
CY2023 us-gaap Accretion Expense
AccretionExpense
1545000 usd
CY2024 pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
-691000 usd
CY2023 pdex Amounts Reclassified To Cost Of Sales
AmountsReclassifiedToCostOfSales
-1710000 usd
CY2024 pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
-43000 usd
CY2023 pdex Amounts Allocated To Discounts For Standalone Selling Price
AmountsAllocatedToDiscountsForStandaloneSellingPrice
-51000 usd
CY2024Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
262000 usd
CY2023Q2 us-gaap Contract With Customer Asset Net
ContractWithCustomerAssetNet
494000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2022Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
1013000 usd
CY2024 us-gaap Proceeds From Customers For Progress Payments
ProceedsFromCustomersForProgressPayments
267000 usd
CY2023 us-gaap Proceeds From Customers For Progress Payments
ProceedsFromCustomersForProgressPayments
781000 usd
CY2024 pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
-253000 usd
CY2023 pdex Amounts Reclassified To Revenue
AmountsReclassifiedToRevenue
-1794000 usd
CY2024Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
14000 usd
CY2023Q2 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
0 usd
CY2024Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
4217000 usd
CY2023Q2 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
1134000 usd
CY2024Q2 pdex Marketable Securities Monogram Warrant Noncurrent
MarketableSecuritiesMonogramWarrantNoncurrent
0 usd
CY2023Q2 pdex Marketable Securities Monogram Warrant Noncurrent
MarketableSecuritiesMonogramWarrantNoncurrent
6160000 usd
CY2024Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
1563000 usd
CY2023Q2 us-gaap Marketable Securities Noncurrent
MarketableSecuritiesNoncurrent
1361000 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
5780000 usd
CY2023Q2 us-gaap Marketable Securities
MarketableSecurities
8655000 usd
CY2024Q2 pdex Available For Sale Securities Amortized Costs
AvailableForSaleSecuritiesAmortizedCosts
3964000 usd
CY2023Q2 pdex Available For Sale Securities Amortized Costs
AvailableForSaleSecuritiesAmortizedCosts
2714000 usd
CY2024 us-gaap Marketable Securities Unrealized Gain Loss
MarketableSecuritiesUnrealizedGainLoss
-1800000 usd
CY2024 pdex Marketable Securities Unrealized Gain
MarketableSecuritiesUnrealizedGain
2100000 usd
CY2024 pdex Marketable Securities Unrealized Loss
MarketableSecuritiesUnrealizedLoss
261000 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
CY2024Q2 us-gaap Other Short Term Investments
OtherShortTermInvestments
987000 usd
CY2023Q2 us-gaap Other Short Term Investments
OtherShortTermInvestments
1134000 usd
CY2023Q4 us-gaap Cash
Cash
1250000 usd
CY2023Q4 pdex Common Stock Shares
CommonStockShares
1828551 shares
CY2023Q4 pdex Exercise Unrealized Loss Investments
ExerciseUnrealizedLossInvestments
38000 usd
CY2024Q2 pdex Fair Value Of Monogram Common Stock
FairValueOfMonogramCommonStock
3200000 usd
CY2023Q2 us-gaap Share Price
SharePrice
3.98
CY2023 us-gaap Option Indexed To Issuers Equity Strike Price1
OptionIndexedToIssuersEquityStrikePrice1
0.69
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Expiration Period
SharebasedCompensationArrangementBySharebasedPaymentAwardExpirationPeriod
P2Y5M23D
CY2023 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
CY2024Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
6703000 usd
CY2023Q2 us-gaap Inventory Raw Materials
InventoryRawMaterials
8824000 usd
CY2024Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
5103000 usd
CY2023Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
3686000 usd
CY2024Q2 pdex Inventory Sub Assemblies
InventorySubAssemblies
2342000 usd
CY2023Q2 pdex Inventory Sub Assemblies
InventorySubAssemblies
2387000 usd
CY2024Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1121000 usd
CY2023Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
1270000 usd
CY2024Q2 us-gaap Inventory Net
InventoryNet
15269000 usd
CY2023Q2 us-gaap Inventory Net
InventoryNet
16167000 usd
CY2024Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6499000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
6499000 usd
CY2024Q2 pdex Accumulated Depreciation
AccumulatedDepreciation
344000 usd
CY2023Q2 pdex Accumulated Depreciation
AccumulatedDepreciation
250000 usd
CY2024Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6155000 usd
CY2023Q2 us-gaap Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
6249000 usd
CY2024Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
14288000 usd
CY2023Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
13390000 usd
CY2024Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
9264000 usd
CY2023Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
8311000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5024000 usd
CY2023Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
5079000 usd
CY2024 us-gaap Depreciation
Depreciation
1038000 usd
CY2023 us-gaap Depreciation
Depreciation
727000 usd
CY2024Q2 pdex Retired Assets
RetiredAssets
85000 usd
CY2023Q2 pdex Retired Assets
RetiredAssets
760000 usd
CY2024Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
208000 usd
CY2023Q2 us-gaap Finite Lived Patents Gross
FiniteLivedPatentsGross
208000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
154000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
127000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
54000 usd
CY2023Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81000 usd
CY2024 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
28000 usd
CY2023 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
37000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
30000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
30000 usd
CY2024Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
668000 usd
CY2023Q2 us-gaap Accrued Salaries Current
AccruedSalariesCurrent
650000 usd
CY2024Q2 pdex Unvouchered Inventory In Transit Current
UnvoucheredInventoryInTransitCurrent
276000 usd
CY2023Q2 pdex Unvouchered Inventory In Transit Current
UnvoucheredInventoryInTransitCurrent
637000 usd
CY2024Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
301000 usd
CY2023Q2 us-gaap Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
216000 usd
CY2024Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
353000 usd
CY2023Q2 us-gaap Accrued Bonuses Current
AccruedBonusesCurrent
400000 usd
CY2024Q2 pdex Operating Lease Liability Currents
OperatingLeaseLiabilityCurrents
455000 usd
CY2023Q2 pdex Operating Lease Liability Currents
OperatingLeaseLiabilityCurrents
416000 usd
CY2024Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
277000 usd
CY2023Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
200000 usd
CY2024Q2 pdex Accrued Losses On Development Contracts Current
AccruedLossesOnDevelopmentContractsCurrent
840000 usd
CY2023Q2 pdex Accrued Losses On Development Contracts Current
AccruedLossesOnDevelopmentContractsCurrent
480000 usd
CY2024Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
189000 usd
CY2023Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
136000 usd
CY2024Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3359000 usd
CY2023Q2 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
3135000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
200000 usd
CY2022Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
340000 usd
CY2024 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
197000 usd
CY2023 us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
161000 usd
CY2024 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
70000 usd
CY2023 us-gaap Product Warranty Accrual Preexisting Increase Decrease
ProductWarrantyAccrualPreexistingIncreaseDecrease
-109000 usd
CY2024 pdex Product Warranty Accrual Amortization
ProductWarrantyAccrualAmortization
190000 usd
CY2023 pdex Product Warranty Accrual Amortization
ProductWarrantyAccrualAmortization
192000 usd
CY2024Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
277000 usd
CY2023Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
200000 usd
CY2024 us-gaap Product Warranty Expense
ProductWarrantyExpense
267000 usd
CY2023 us-gaap Product Warranty Expense
ProductWarrantyExpense
52000 usd
CY2024 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1493000 usd
CY2023 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
1745000 usd
CY2024 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
577000 usd
CY2023 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
345000 usd
CY2024 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-1210000 usd
CY2023 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
6000 usd
CY2024 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-353000 usd
CY2023 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
258000 usd
CY2024 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
507000 usd
CY2023 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2354000 usd
CY2024 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2634000 usd
CY2024 pdex Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest Tax Rate
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestTaxRate
1 pure
CY2023 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
9428000 usd
CY2023 pdex Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest Tax Rate
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterestTaxRate
1 pure
CY2024 pdex Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rates
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRates
553000 usd
CY2024 pdex Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.21 pure
CY2023 pdex Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rates
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRates
1979000 usd
CY2023 pdex Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rates
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates
0.21 pure
CY2024 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
212000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.08 pure
CY2023 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
672000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation State And Local Income Taxes
EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes
0.07 pure
CY2024 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
214000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.08 pure
CY2023 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
229000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Tax Exempt Income
EffectiveIncomeTaxRateReconciliationTaxExemptIncome
-0.02 pure
CY2024 pdex Uncertain Tax Positions
UncertainTaxPositions
88000 usd
CY2024 pdex Uncertain Tax Position
UncertainTaxPosition
-0.03 pure
CY2023 pdex Uncertain Tax Positions
UncertainTaxPositions
119000 usd
CY2023 pdex Uncertain Tax Position
UncertainTaxPosition
-0.01 pure
CY2024 pdex Income Tax Reconciliation Share Based Compensation
IncomeTaxReconciliationShareBasedCompensation
-2000 usd
CY2024 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
0 pure
CY2023 pdex Income Tax Reconciliation Share Based Compensation
IncomeTaxReconciliationShareBasedCompensation
114000 usd
CY2023 us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Percent
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitPercent
-0.01 pure
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CY2023 us-gaap Income Tax Expense Benefit
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2354000 usd
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814000 usd
CY2024Q2 pdex Section174 Capitalization
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CY2024Q2 pdex Deferred Tax Assets Deferred State Tax
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5000 usd
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DeferredTaxAssetsDeferredStateTax
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CY2024Q2 us-gaap Deferred Tax Assets Gross
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CY2024Q2 us-gaap Deferred Tax Assets Valuation Allowance
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78000 usd
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CY2024 us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
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262000 usd
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345000 usd
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509000 usd
CY2024 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions On Federal Tax
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15000 usd
CY2023 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions On Federal Tax
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CY2024 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions Upon State Tax
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17000 usd
CY2023 pdex Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions Upon State Tax
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19000 usd
CY2024 pdex Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Position
UnrecognizedTaxBenefitsIncreasesResultingFromPriorPeriodTaxPosition
3000 usd
CY2023 pdex Unrecognized Tax Benefits Increases Resulting From Prior Period Tax Position
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-95000 usd
CY2024 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
118000 usd
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UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
104000 usd
CY2024Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
262000 usd
CY2023Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
345000 usd
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41000 usd
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4398000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
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1451000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
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1508000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
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908000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
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235000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
3456000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
11956000 usd
CY2024Q2 pdex Operating Lease Liability Currents
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455000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
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535000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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551000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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567000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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143000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
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1796000 usd
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158000 usd
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1638000 usd
CY2024Q2 us-gaap Lessee Operating Lease Remaining Lease Term
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P3Y3M
CY2023Q2 us-gaap Lessee Operating Lease Remaining Lease Term
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P4Y3M
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0.053 pure
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0.053 pure
CY2024 us-gaap Operating Lease Payments
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519000 usd
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504000 usd
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559000 usd
CY2023 pdex Lease And Rental Expenses
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563000 usd
CY2024 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
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P1Y
CY2024 us-gaap Net Income Loss
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2127000 usd
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7074000 usd
CY2024 pdex Weightedaverage Share Outstanding
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3499000 shares
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3571000 shares
CY2024 us-gaap Earnings Per Share Basic
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0.61
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2127000 usd
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7074000 usd
CY2024 pdex Weightedaverage Shares Outstanding
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3499000 shares
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WeightedaverageSharesOutstanding
3571000 shares
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72000 shares
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WeightedAverageNumberDilutedSharesOutstandingAdjustment
66000 shares
CY2024 pdex Weightedaverage Shares Used In Calculation Of Diluted Earnings Per Share
WeightedaverageSharesUsedInCalculationOfDilutedEarningsPerShare
3571000 shares
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3637000 shares
CY2024 us-gaap Earnings Per Share Diluted
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0.60
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1.95
CY2024Q2 ecd Rule10b51 Arr Adopted Flag
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false
CY2024Q2 ecd Non Rule10b51 Arr Adopted Flag
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false
CY2024Q2 ecd Rule10b51 Arr Trmntd Flag
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false
CY2024Q2 ecd Non Rule10b51 Arr Trmntd Flag
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false

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