PRO DEX INC

Pro-Dex, Inc. (Nasdaq Capital Market: PRDE) is a medical device manufacturer specializing in the design, development, and manufacture of autoclavable, battery-powered and electric multi-function surgical drivers and shavers used primarily in orthopedic, thoracic, and craniomaxillofacial markets. The company's website is www.pro-dex.com.

The company operates as a single reportable segment with revenue composition reflecting its diversified service offerings. In fiscal 2026, medical devices represented 80 percent of revenue, repairs accounted for 16 percent, non-recurring engineering and prototypes comprised 2 percent, and industrial and scientific products made up the remaining 2 percent. Pro-Dex generates revenue primarily through exclusive development and supply agreements with original equipment manufacturers and medical device distributors, though the company also serves as a contract manufacturer for customer-designed products.

Pro-Dex holds proprietary patents for adaptive torque-limiting technology and sealing solutions that differentiate its offerings in the marketplace. The company maintains FDA Establishment Registration and California Device Manufacturing License for its facilities, with products certified to ISO 13485:2016 standards. In February 2026, Pro-Dex acquired Advanced Precision Machining, LLC, a Costa Mesa-based manufacturer of precision machined components and assemblies for aerospace and defense industries. This acquisition expanded the company's manufacturing capabilities and added government contracting expertise, including ITAR registration and Joint Certification Program certification.

As of June 30, 2026, Pro-Dex employed 206 people across facilities in Irvine and Tustin, California, with four employees based outside California. The company operates manufacturing and assembly operations in Irvine and Tustin, with the acquired APM subsidiary operating from Costa Mesa. The company's customer base is highly concentrated, with the top three customers representing 92 percent of fiscal 2026 sales, and the largest customer alone accounting for 78 percent of revenue. This customer has committed to purchasing surgical handpieces through calendar 2028. Pro-Dex also manufactures rotary air motors for industrial applications, though these represent a de minimis portion of overall business.