Savvy Trades and Investments

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Picking up some PDEX after a great report late Friday. Solid fiscal Q4 results. But check out the backlog! Soared to $41.6M. Yowsa!! There's other positives too...the Franklin facility is up & running. And they signed another distribution agreement for their thoracic driver in Q4...which launched in Q1. Those Q1 numbers will be reported next month. Sounds like that could be the first of several big quarters on the way. I'm surprised the stock is still available in the $15's with that monster backlog. A few years back PDEX ran all the way to the $40's

Friday's earnings PR-

https://finance.yahoo.com/news/pro-dex-inc-announces-fiscal-200000389.html

Backlog info from the 10K-

At June 30, 2023, we had a backlog of $41.6 million compared with a backlog of $16.5 million at June 30, 2022. Our backlog represents firm purchase orders received and acknowledged from our customers and does not include all revenue expected to be generated from existing customer contracts. Of our backlog at June 30, 2023, $31.4 million, as well as certain purchase orders received subsequent to June 30, 2023, are expected to be delivered during fiscal 2024 and the balance of $10.2 million is expected to be delivered in fiscal 2025. We have experienced, and may continue to experience, variability in our new order bookings due to, among other reasons, the launch of new products, the timing of customer orders based on end-user demand, and customer inventory levels. We do not typically experience seasonal fluctuations in our shipments and revenues.