Pro-Dex, Inc. has released its financial results for the fiscal year ending June 30, 2025. The company reported a 24% increase in net sales, reaching $66.6 million, up from $53.8 million in the previous fiscal year. This increase was primarily attributed to a rise in revenue from its largest customer, specifically $12.0 million in sales of the next generation handpiece. The gross profit for the year increased by 34% to $19.5 million, with a gross margin improvement from 27% to 29%. Net income for the fiscal year was reported at $9.0 million, a significant increase from $2.1 million in fiscal 2024. Earnings per share for the year stood at $2.67 per diluted share, compared to $0.60 in the previous year. The increase in net income was partly influenced by unrealized gains on marketable equity investments amounting to $1.5 million, contrasting with unrealized losses of $4.1 million in the prior year. For the fourth quarter ending June 30, 2025, net sales rose by 16% to $17.5 million, while gross profit decreased by 15% to $3.5 million, due to unfavorable product mix and higher indirect manufacturing costs. Operating income for the quarter decreased by 43% to $1.3 million, with net income decreasing to $1.2 million, or $0.36 per diluted share, from $1.6 million, or $0.46 per diluted share, in the same quarter of the previous year. Looking ahead, Pro-Dex expects to continue its trend of revenue and operating income growth in fiscal 2026, supported by a backlog amounting to $50.4 million as of June 30. The company has also started collaborating with customers on sharing tariff costs and is making improvements to its management team and manufacturing systems.