Pro-Dex, Inc. (OTCQB:PDEX) (the “Company”) announced CEO, Rick Van
Kirk’s interview on Uptick Newswire’s “Stock Day” Podcast.
Jolly began the interview by welcoming Pro-Dex, Inc. CEO, Rick
Van Kirk back to the show. Jolly said he thought the Company is
grossly undervalued because the market caps are around
$27 million, but the revenues are around $20-21 million.
A typical market cap should be 2-3 times the revenues. So, the
market cap should be around $81 million.
Jolly said, “You guys have about 40,000 products. Some of your
biggest clients are Boeing, NASA, Medtronics. You guys have been
around for 4 decades. And correct me if I’m wrong, last
quarter, you guys did about $5.5 million in revenue.”
Van Kirk responded, “Yes, that sounds right to me.”
“So, what is the status of Pro-Dex’ branded products that we’ve
been following?”
It’s good news because the Company is in production, machining
parts, getting ready to assemble things together, but even better
news is that they very recently signed a development and supply
deal with one of the major medical device companies to supply that
product. They’re actually going to private label it for them, so
there’s some engineering work involved. They’re very pleased
because it’s a great partner.
Jolly said that the Company is kind of a turn-key company in
that they do everything in-house. “So, bring us up-to-date on the
day-to-day. Do you have companies calling you up and saying, ‘Hey,
we’ve got this idea. Can you make this product for us?’”
Van Kirk said, “Yes, that happens.” However, he emphasized that
they also provide suggestions on design or perhaps even do some of
the engineering, can assist with FDA approvals and validate
products. “So, we can do anything from soup to nuts or we can take
someone’s drawing and say, ‘Absolutely, we can make this for you!’
And then we get right on it.”
“Of the $5.5 million in revenue in the first quarter, can
you break it down for me? What was domestic and what was
international?”
Van Kirk thinks it was probably all domestic because they’re not
really doing a lot of shipping overseas yet. The product they’re
currently developing was recently approved for overseas shipment.
So, he believes they’ll start to see more in international shipment
during this next fiscal year, which began July 1st.
In closing, Van Kirk said the Company really wants to focus on
the medical device business which is doing very well and they want
to leverage on that success. It’s a good time to be involved with
Pro-Dex, Inc., so if any potential investors have any questions,
please feel free to give Van Kirk a call.
For more information about the Company’s financial details,
listen to the full interview at the link below:
https://upticknewswire.com/featured-interview-ceo-rick-van-kirk-of-pro-dex-inc-nasdaq-pdex-5/
About PDEXPro-Dex, Inc., has been in business
for over 40 years with our corporate headquarters located in
Irvine, California. We have successfully collaborated with several
of the world’s largest providers of medical and dental products, as
well as other industries, proving our credibility through our
responsiveness and flexibility.
Today, we continue to offer our outsourcing services nationwide
and beyond. While we have built our business around product design,
development and manufacturing work for OEMs, our expertise has
evolved. Our broad range of support provides customers with the
leverage needed to attain world-class capabilities.
Our specialized services span across many disciplines from
mechanical and electrical engineering, electronics and software,
quality and compliance, and contract manufacturing, as well as
engineering staffing and consulting. In addition, we have a
division that can support your motion control needs. This type of
support (under the umbrella of one company) permits the fluid
workflow you need. These services are provided across a variety of
industries.
Pro-Dex knows and understands design and precision manufacturing
across multiple industries and for multiple applications.Our suite
of services caters to manufacturers in highly regulated industries
with specialized needs.
Pro-Dex is a vertically integrated high precision cross-industry
contract manufacturer with off-the-shelf product solutions and
unparalleled engineering capabilities to get you to market faster.
We are a “World leader in finished device manufacturing &
design.”
From concept through production and every step in-between,
whatever your needs, we are your full-service turn-key provider. At
Pro-Dex, we are agile, adaptive and ready to offer you powerful
solutions.
Together, we can support your strategic priorities to allow you
to control your operating costs and increase your profitability.
Experience faster production launches and incoming revenue streams,
reduced risk and assurance that your project will meet quality and
compliance requirements. Outsourcing will allow you to improve
efficiency, maximize use of your internal resources and reduce
strain on your organization.
Contact:Pro-Dex, Inc.2361 McGaw AvenueIrvine,
CA 926141-800-562-6204(949)
769-3200http://www.pro-dex.com/sales@pro-dex.com
Safe Harbor Act andForward-Looking
StatementsThis press release includes “forward-looking
statements” within the meaning of the safe harbor provisions of the
United States Private Securities Litigation Reform Act of 1995.
Actual results may differ from expectations and, consequently, you
should not rely on these forward-looking statements as predictions
of future events. Words such as “expect,” “estimate,” “project,”
“budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,”
“will,” “could,” “should,” “believes,” “predicts,” “potential,”
“continue,” and similar expressions are intended to identify such
forward-looking statements. These forward-looking statements
involve significant risks and uncertainties that could cause the
actual results to differ materially from the expected results.
Additional information concerning these and other risk factors are
contained in the Company’s most recent filings with the Securities
and Exchange Commission. The Company cautions readers not to place
undue reliance upon any forward-looking statements, which speak
only as of the date made. The Company does not undertake or accept
any obligation or undertaking to release publicly any updates or
revisions to any forward-looking statements to reflect any change
in their expectations or any change in events, conditions or
circumstances on which any such statement is based, except as
required by law.
About Uptick Newswire and the “Stock Day”
PodcastFounded in 2013, Uptick Newswire is the fastest
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educates investors while simultaneously working with penny stock
and OTC companies, providing transparency and clarification of
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