Bio-Dental Technologies announces second quarter results.SACRAMENTO, Calif.--(BUSINESS WIRE)--Nov. 7, 1994--Bio-Dental Technologies Corp. (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 :BDTC BDTC Base de Donnees Toponymiques du Canada (French: Database of Canada Toponymic) ) Monday reported results for the second fiscal quarter ended Sept. 30, 1994. Revenues for the quarter grew to $8.3 million compared with $4.1 million for the like period in fiscal 1994. Earnings for the quarter decreased to $360,894, or $0.06 per share, vs. the $387,644 reported for the second quarter of last year. For the six months ended Sept. 30, 1994, Bio-Dental's revenues reached $15.6 million compared with $7.7 million for the like period last year. Earnings for the six months decreased to $532,046, or $0.08 per share, vs. the $712,275 reported for the like six-month period last year. While the second quarter earnings of $360,894 are down slightly as compared to the like period last year, they are up from $171,152 for the first quarter of fiscal 1995. "The transitional costs associated with incorporating the acquisitions of Ryker Dental of Kentucky Kentucky, state, United States Kentucky (kəntŭk`ē, kĭn–), one of the so-called border states of the S central United States. It is bordered by West Virginia and Virginia (E); Tennessee (S); the Mississippi R. and Oral Vision are largely behind us," said Curtis M. Rocca III, Bio-Dental's president and chief executive officer. "We believe that we will now be able to begin exploiting the strategic synergies that both of these acquisitions bring to Bio-Dental," Rocca added. "While we expect revenues to continue to exceed last year's results, we still expect fiscal 1995 to be a period of reduced earnings as we continue to build our new subsidiary, 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 )," said Timothy J. Purdy, Bio-Dental's chief financial officer. IDT has assembled as·sem·ble v. as·sem·bled, as·sem·bling, as·sem·bles v.tr. 1. To bring or call together into a group or whole: assembled the jury. 2. a number of vital elements necessary to provide dentists Dentists can refer to one of the following:
Electromagnetic radiation of extremely short wavelength (100 nanometres to 0.001 nanometre) produced by the deceleration of charged particles or the transitions of electrons in atoms. system, a dental practice Noun 1. dental practice - the practice of dentistry practice - the exercise of a profession; "the practice of the law"; "I took over his practice when he retired" management software system, and an interactive CD-based patient education system. The company will add an electronic patient charting system and plans to unveil this new system at the Chicago Dental Association Convention in February 1995. Bio-Dental Technologies Corp. is a diversified diversified (di·verˑ·s marketing organization specializing in the distribution of dental products and equipment to the $1.6 billion professional dental supply market in all 50 states and Canada. -0-
Bio-Dental Technologies Corp.
Financial Highlights
Three Months Ended Six Months Ended
September 30 1994 1993 1994 1993
Revenues $8,303,470 $4,092,123 $15,598,935 $7,693,475
Net earnings $ 360,894 $ 387,644 $ 532,046 $ 712,275
Earnings per
common share $0.06 $0.07 $0.08 $0.13
Average shares
outstanding
(and common
share
equivalents) 6,403,800 5,677,400 6,366,600 5,666,200
CONTACT: Bio-Dental Technologies Corp., Sacramento
Timothy J. Purdy, 916/638-8020
or
Silverman Heller Associates
Eugene G. Heller, 310/208-2550
|
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion