ProDex Inc (PDEX) Q1 2025 Earnings Report

Executive metrics (QQ1 2025):
- Revenue: $14.892 million; YoY +24.74%; QoQ -0.89%.
- Gross Profit: $5.15 million; YoY +40.79%; QoQ +22.79%; Gross Margin: 34.58%.
- Operating Income: $3.013 million; YoY +64.38%; Operating Margin: 20.23%; EBITDAR 25.34%.
- Net Income: $2.467 million; YoY +500.98%; Net Margin: 16.56%; EPS: $0.76; Diluted EPS: $0.75; Weighted avg shares outs: 3.259 million (diluted 3.292 million).
- EBITDA: $3.773 million; EBITDA Margin: 25.33%.
- Cash flow: Net cash provided by operating activities $1.887 million; Free cash flow $1.456 million; Operating cash flow yield and capex indicate positive cash generation.
- Balance sheet (end of QQ1 2025): Total assets $54.31 million; Total liabilities $23.43 million; Total stockholders’ equity $30.88 million.
- Liquidity and leverage: Current ratio 3.41; Quick ratio 1.94; Cash and short-term investments $7.82 million; Total debt $14.55 million; Net debt $11.47 million; Debt to equity 0.471; Debt ratio 0.268.
- Stockholder capital actions: Net cash used for financing activities around $1.01 million; share repurchases (common stock) ~$2.31 million reducing cash; debt repayments ~$1.56 million; cash balance ended QQ1 ~ $3.08 million.