Uptick Newswire’s Stock Day Podcast Features Richard Van Kirk, Pro-Dex, Inc.’s CEO, to talk about the Growing Success of ...
06 Dicembre 2018 - 2:00PM
Uptick Newswire hosts Pro-Dex, Inc. (NASDAQ: PDEX)
(the company) on their Stock Day Podcast. The Company specializes
in the design, development, and manufacture of autoclavable,
battery-powered and electric, multi-function surgical drivers and
shavers used primarily in the orthopedic and maxocranial facial
markets. CEO Richard L. Van Kirk talked with Stock Day’s Everett
Jolly.
At the start of the interview Jolly mentioned that some clients
of Pro-Dex are NASA and Boeing and said companies like that added
to their bottom line of $6.9 million this quarter. He asked how the
company got there and if it was sustainable. Van Kirk said it was a
great quarter for the company.
“These were record numbers for us and our job is to make sure
they are sustainable. We were fortunate that some existing
customers, their requirements were increasing, and we’ve worked
really hard in terms of capacity to keep up with that,” Van Kirk
explained. “We’ve got some new products that are starting to take
hold in the field, as they get used in hospitals, doctors like them
more and more and our customers end up buying more product to
support them.”
Van Kirk went on to say that they are really pleased with the
momentum of the company and said they expect more strong quarters
in the future. Jolly then said that Pro-Dex designs, develops, and
manufactures power, surgical and dental instruments. He said they
probably have anywhere from 10,000 to 20,000 different SKU’s (stock
keeping units) then he asked how they plan to drive growth.
“We have a several pronged approach here,” said Van Kirk. “We
are continuing to develop new products and some technology in
addition to that, new accessories to our current products. Things
that other people have not be able to develop or supply yet. So, we
think that will make us even more competitive out in the
marketplace.”
He went on to say they are strengthening their sales and
business development group. He also said he wanted to emphasize the
company’s ability to provide engineering, QA and regulatory
services.
“Start-ups and even some of the big companies may not have the
resources available to design a product or design for a
manufacturing product or an FDA registration and we have been able
to help people with that,” he said.
Jolly then turned the conversation to M and A and any other
opportunities out there. Van Kirk said there is nothing
specifically on the radar but the company remains
opportunistic.
“We certainly have some flexibility now where we can make a move
if we need to.” He added, “We have tried that in the past and we
learned a lot from the experience and we are to the point now, if
and when we do something it will be smarter and more strategic and
more complementary with what we are doing here. We talk about
things from time to time but there is nothing really in motion at
the moment.”
Next Jolly mentioned that Van Kirk and some others on the board
of directors sold some stock, he asked if Van Kirk cared to
comment.
“The price is doing pretty well, as we all know, I had an
opportunity to pay off some student loans and save myself some big
interest payment later on. I just pulled a little bit out to handle
that. Nothing to be read into, still bullish on the company,” he
explained.
Van Kirk went on to say this is a good time to be part of
Pro-Dex.
“We have some momentum going, we plan to keep it going. We have
some aggressive plans and that’s why we are bolstering our sales
department.” He continued, “We are on the right track and expect to
have a nice long successful run.”
To hear the entire interview, listen to the Stick Day podcast
here:
https://upticknewswire.com/featured-interview-ceo-rick-van-kirk-of-pro-dex-inc-nasdaq-pdex-6/
About Pro-Dex, Inc.Pro-Dex, Inc. specializes in
the design, development, and manufacture of autoclavable,
battery-powered and electric, multi-function surgical drivers and
shavers used primarily in the orthopedic and maxocranial facial
markets. We have patented adoptive torque-limiting software and
proprietary sealing solutions which appeal to our customers,
primarily medical device distributors. Pro-Dex also sells compact
pneumatic air motors for a variety of industrial applications.
Pro-Dex's products are found in hospitals and medical engineering
labs around the world. For more information, visit the Company's
website at www.pro-dex.com.
Statements herein concerning the Company's plans, growth and
strategies may include 'forward-looking statements' within the
context of the federal securities laws. Statements regarding the
Company's future events, developments and future performance, as
well as management's expectations, beliefs, plans, estimates or
projections relating to the future, are forward-looking statements
within the meaning of these laws. The Company's actual results may
differ materially from those suggested as a result of various
factors. Interested parties should refer to the disclosure
concerning the operational and business concerns of the Company set
forth in the Company's filings with the Securities and Exchange
Commission.
Contact:
Richard L. Van Kirk, Chief Executive Officer(949) 769-3200
About Uptick Newswire and the “Stock
Day” Podcast
Founded in 2013, Uptick Newswire is the fastest growing media
outlet for Nano-Cap and Micro-Cap companies. It educates investors
while simultaneously working with penny stock and OTC companies,
providing transparency and clarification of under-valued,
under-sold Micro-Cap stocks of the market. Uptick provides
companies with customized solutions to their news distribution in
both national and international media outlets. Uptick is the sole
producer of its “Stock Day” Podcast, which is the number one radio
show of its kind in America. The Uptick Network “Stock Day” Podcast
is an extension of Uptick Newswire, which recently launched its
Video Interview Studio located in Phoenix, Arizona.
Investors Hangout is a proud sponsor of “Stock
Day,” and Uptick Newswire encourages listeners to visit the
company’s message board at https://investorshangout.com/
SOURCE:Uptick
Newswire602-441-3474https://upticknewswire.com/
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