American Dental Technologies reports profitable first quarter.SOUTHFIELD, Mich.--(BUSINESS WIRE)--May 5, 1995--American Dental Technologies Inc., today reported a profitable first quarter. The company had revenues of $4,392,000, an increase of 19 percent over the $3,692,837 reported for the first quarter of 1994. The company had a net profit of $176,196, or 1 cent per share, for the three-month period ended March 31, 1995, compared to a net loss of $435,356, or 4 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , for 1994's first quarter. Revenues increased primarily due to sales of the new whisperjet. The profit resulted from higher sales, increased royalties and improved margins. ``We are encouraged by these results,'' said Anthony D. Fiorillo, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . ``At an international dental show earlier this year, our new products, the KCP KCP Party of Communists of Kyrgyzstan KCP Khmer Citizen Party (Cambodia) KCP Kingston Computer Planet KCP knurling cup point (fasteners) KCP Kernel Control Path 1000 whisperjet, the PulseMaster LE and a time saving plasma curing light curing light Dentistry A special UV light used to attach brackets to the teeth (a) for composites, were all very well received. We believe ADT (Asynchronous Data Transfer) A transmission technique used in ISDN PBXs that dynamically allocates bandwidth. See also abstract data type. ADT - abstract data type is the leader in a highly competitive and embryonic dental high technology market. We are continuing toward our goals of positioning ADT for the future and returning it to profitability. Although there can be no assurances, the first quarter is consistent with our expectation that sales should improve in 1995.'' The company also announced it has completed the relocation of its world headquarters to 28411 Northwestern Highway Northwestern Highway refers to the following:
American Dental Technologies, now headquartered in Southfield, develops and manufactures advanced technologies for dentistry and markets them worldwide. Its common stock is listed on the NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on SmallCap Market under the symbol ADLI. Unaudited condensed con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. consolidated statements of operations are attached. _______ (a) Pending 510(k) clearance -0-
American Dental Technologies Inc.
Consolidated Statement of Operations
(Unaudited)
Three Months Three Months
Ended 3/31/95 Ended 3/31/94
Net sales $4,392,000 $3,692,837
Cost of sales 2,207,373 1,958,158
__________ __________
Gross profit 2,184,627 1,734,679
Operating expenses:
Selling & administrative
expenses 1,925,058 1,948,088
Research and development 249,406 243,976
__________ __________
Income (loss) from operations 10,163 (457,385)
Other income (expense):
Royalty - related party 171,000
Royalty - other 17,875 26,048
Interest expense (22,842) (4,019)
__________ __________
Income (loss) before taxes $ 176,196 $ (435,356)
Weighted average number of common and common equivalent shares 14,716,579 10,869,730 Net income (loss) per share $.01 $(.04) CONTACT: American Dental Technologies Inc., Southfield Diane Miller Diane Miller is a fictional character on the ABC soap opera, General Hospital. She has been portrayed by Carolyn Hennesy since January 3, 2007. Character history Diane was introduced as the new attorney of Port Charles mobster Sonny Corinthos. , 810/353-5300 |
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