Pro-Dex, Inc. Announces Fiscal 2021 Third Quarter and Nine-Month Results
IRVINE, CA / ACCESSWIRE / May 6, 2021 / PRO-DEX, INC. (NASDAQ:PDEX) today announced financial results for its fiscal 2021 third quarter ended March 31, 2021. The Company also filed its Quarterly Report on Form 10-Q for the third quarter of fiscal year 2021 with the Securities and Exchange Commission today.
Quarter Ended March 31, 2021
Net sales for the three months ended March 31, 2021 increased $3.2 million, or 38%, to $11.7 million from $8.5 million for the three months ended March 31, 2020, due primarily to increased sales of $2.6 million of our thoracic driver, which was launched in the third quarter of the prior fiscal year, as well as increased sales of $923,000 of our CMF drivers, which we sell to various distributors including to our existing largest customer.
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The latest research report on
Poly-Vents Market was conducted across a variety of industries in various regions to provide a report that has data surpassing 100+ pages (Based on 2020 COVID-19 Worldwide Spread) The report offers a mixture of qualitative and quantifiable information focusing on aspects such as key market developments, industry and competitors’ challenges in gap analysis and new opportunities in the Poly-Vents market. Various leaders along with players that are emerging, have been profiled in this report.
The attention on the overwhelming players
Filtration Group Corporation; POLYGLASS; Poly-Tex, Inc.; The Cary Company; W. L. Gore & Associates, Inc.; Interstate Specialty Products; Technology International; SABEU Plastik & Membran Technologie; SAYA PACKAGING; MOCAP; Sanghvi Techno Products; PARKER HANNIFIN CORP; Milvent; among others.
Here’s Why Long Cast Advisers is Bullish on Pro-Dex Inc. (PDEX)
Long Cast Advisers LLC, a boutique investment management firm, published its Q4 2020 Investor Letter – a copy of which can be downloaded here. A return of 16% was recorded by the fund for the Q4 of 2020, outperforming its S&P 500 Total Return benchmark that delivered a 12% return but below its iShares MicroCap ETF and the Russell 2000 index that delivered a 32% and 31% return respectively. You can view the fund’s top 5 holdings to have a peek at their top bets for 2021.
Long Cast Advisers, in their Q4 2020 Investor Letter, said that they continued to add to their position in Pro-Dex, Inc. (NASDAQ: PDEX) during the fourth quarter of 2020. Pro-Dex, Inc. is a surgical and medical instrument manufacturing company that currently has a $103.9 million market cap. For the past 3 months, PDEX delivered a -24.72% return and settled at $26.93 per share at the closing of February 10th.
2/5/2021 6:46:52 PM GMT
Midway through trading Friday, the Dow traded up 0.23% to 31,128.24 while the NASDAQ rose 0.39% to 13,832.16. The S&P also rose, gaining 0.35% to 3,885.30.
The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 26,679,630 cases with around 455,870 deaths. India confirmed a total of at least 10,802,590 confirmed cases and 154,820 deaths, while Brazil reported over 9,396,290 COVID-19 cases with 228,790 deaths. In total, there were at least 104,947,760 cases of COVID-19 worldwide with over 2,286,250 deaths, according to data compiled by Johns Hopkins University.
Leading and Lagging Sectors
Materials shares rose 1.6% on Friday. Meanwhile, top gainers in the sector included Marrone Bio Innovations Inc MBII 22.05%, up 10%, and LSB Industries, Inc. LXU 10.25%, up 14%.
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