Pro-Dex, Inc. Announces Fiscal 2013 Fourth Quarter and Full-Year Results

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IRVINE, Calif., Sept. 25, 2013 /PRNewswire/ -- PRO-DEX, INC. (NasdaqCM: PDEX) today announced financial results for its fiscal 2013 fourth quarter and full-year ended June 30, 2013.

Quarter Ended June 30, 2013

Sales for the quarter ended June 30, 2013 decreased 26% to $2.7 million from $3.7 million for the corresponding quarter in 2012. This decrease was due primarily to the previously disclosed reductions in purchases by the Company's former largest customer and to a deferral in the timing of product orders from the Company's current largest powered surgical instrument customer, both of which were partially offset by increases in surgical instrument sales to other customers.

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