Pro-Dex, Inc. Discusses 2021 Second Quarter Results with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - February 11, 2021) - The Stock Day Podcast welcomed Pro-Dex, Inc. (NASDAQ: PDEX) ("the Company"), a company that specializes 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. CEO of the Company, Rick Van Kirk, joined Stock Day host Everett Jolly.
Jolly began the interview by commenting on the Company's 2021 second quarter results, which were published on February 4th and reflected a 4% increase in net sales. "There have been challenges during the pandemic, but we've been able to supply our customers the products that they need and stay on top of it. It's at a revenue level that is good for us, we're on track for a good year," said Van Kirk. "We're pleased with the progress that we're continuing to make here.
Jolly then asked about the revenue sources. "We released two new products last year in the spring and summer. They helped us with our third and fourth quarters last year, and they've continued to do well for us," said Van Kirk. He then explained that one product in particular, a thoracic driver, has been well accepted by their customers, resulting in early repurchase orders.
"Where are you at in the process of moving the company forward over the next two to three quarters?" asked Jolly. "We just closed on an additional building to support the growth that we anticipate," shared Van Kirk. "We hope to be building shippable products by the summer, even in our fourth quarter," he added. "We also have a number of new projects in development," shared Van Kirk. "One product we plan to release and begin shipment this quarter, and then there are two more that are coming out in the summer."
The conversation then turned to the Company's COVID-19 protocols and the challenges of the pandemic. "Our priority is to keep people healthy and safe here," said Van Kirk. "We do have a number of strict protocols in place," he added. "We test the entire company on a regular basis, and we're very careful," said Van Kirk, noting that while mandatory quarantining and other precautions may affect the bottom line, safety remains their top priority.
Jolly then asked about any changes or challenges that the Company expects given the recent appointment of the Biden administration. "I'm not sure what the changes in Washington mean for us, but our focus has always been to execute," said Van Kirk. "We just try to do our thing and do it well. We're very bullish. Obviously, we have our challenges, but we bought a building for a reason and I've made no secret that we have aggressive growth plans," said Van Kirk. "This company is going to do great, we're doing great. I'm happy with how we're facing the challenges and not wavering from our very aggressive plans for the future."
Jolly commented on the Company's second quarter revenues for 2021, which reflected a total of $8.3 million, and asked how the Company managed to generate a gross profit of $2.6 million. "We have good products, we have an efficient operation, and we're doing a better job of reducing costs as we go," said Van Kirk. "We've got a seasoned manufacturing group," he added, before elaborating on the role of the Company's engineering and R&D divisions.
To close the interview, Van Kirk thanked listeners and shareholders for their interest and support. "We're not done. We're rolling and we're going to keep going after it," closed Van Kirk.
To hear Rick Van Kirk's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7797541-pro-dex-inc-discusses-2021-second-quarter-results-with-the-stock-day-podcast
About Pro-Dex, Inc.:
Pro-Dex, Inc. specializes 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 adoptive torque-limiting software and proprietary sealing solutions which appeal to our customers, primarily medical device distributors. Pro-Dex also sells rotary air motors to a wide range of industries. Pro-Dex's products are found in hospitals and medical engineering labs around the world. For more information, visit the Company's website at www.pro-dex.com.
Statements herein concerning the Company's plans, growth, and strategies may include 'forward-looking statements' within the context of the federal securities laws. Statements regarding the Company's future events, developments, and future performance (including, but not limited to, estimated product launch dates and estimated future revenue), as well as management's expectations, beliefs, plans, estimates, or projections relating to the future, are forward-looking statements within the meaning of these laws. The Company's actual results may differ materially from those suggested as a result of various factors. Interested parties should refer to the disclosure concerning the operational and business concerns of the Company set forth in the Company's filings with the Securities and Exchange Commission.
Richard L. Van Kirk
Chief Executive Officer
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
Stock Day Media
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/74237