Bio-Dental Technologies announces fiscal 1996 first-quarter results.SACRAMENTO Sacramento, city, United States Sacramento (săkrəmĕn`tō), city (1990 pop. 369,365), state capital and seat of Sacramento co., central Calif. , Calif.--(BUSINESS WIRE)--Aug. 14, 1995--Bio-Dental Technologies Corp. (Nasdaq/NM:BDTC BDTC Base de Donnees Toponymiques du Canada (French: Database of Canada Toponymic) ) Monday Monday: see week. reported results for its fiscal 1996 first quarter ended June 30, 1995. Revenues for the quarter grew 15 percent to $8.4 million from $7.3 million for the same period in fiscal 1995. The company experienced a net loss for the quarter of $479,441, or 7 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. , compared with net income of $171,152, or 3 cents per share, for the same period a year ago. Curtis M. Rocca III, president and chief executive officer of Bio-Dental, said, "While we continue to make progress in building our new Integrated Dental Technologies (IDT IDT Integrated Device Technology, Inc. (Santa Clara, CA, USA) IDT I Don't Think IDT Identity Theft IDT Interrupt Descriptor Table IDT Integrated DNA Technologies IDT Inactive Duty Training IDT Instructional Design & Technology ) business unit, it has not yet reached the point of generating the revenues we anticipated in our original estimates. "To offset this shortfall Shortfall The amount by which the capital required to fulfill a financial obligation exceeds available capital. Notes: Shortfall risk is often combated with an efficient hedging strategy created by a fund, group, institution, or individual. , we have initiated a cost-reduction program that has improved our operating results. As a result, we narrowed our net loss from our previous quarter by almost 50 percent." Rocca concluded, "We continue to maintain our belief that IDT is positioned to play a major role in the future growth of the company, and we hope to show returns on our investment in the second half of this fiscal year." Bio-Dental Technologies manufactures, markets and distributes dental supplies and proprietary, high-technology dental products to the $2 billion professional dental supply market in all 50 states and Canada. -0-
BIO-DENTAL TECHNOLOGIES CORP.
Financial Highlights
Three months ended
June 30,
1995 1994
Revenues $8,420,383 $7,295,465 Net income (loss) $ (479,441) $ 171,152 Earnings (loss) per share (7 cents) 3 cents Weighted average shares outstanding 6,451,400 6,343,600 CONTACT: Bio-Dental Technologies Corp., Sacramento Curtis M. Rocca III, 916/638-8147 or Silverman Heller Associates, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Eugene G. Heller, 310/208-2550 |
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