Printer Friendly

AMERICAN DENTAL LASER REPORTS LOSS IN FIRST QUARTER

 AMERICAN DENTAL LASER REPORTS LOSS IN FIRST QUARTER
 TROY, Mich., April 28 /PRNewswire/ -- American Dental Laser, Inc.


(NASDAQ: ADLI) today reported revenues of $4.7 million and a net loss of approximately $2.4 million, or 34 cents a share, for the three-month period ended March 31, 1992.
 The company's revenues in the first quarter of 1991 were $8.2 million with net income of $1.3 million, or 21 cents a share. As of March 31, 1992, the company's cash balance was $2.6 million and net worth was $12 million.
 "Unfortunately, we came out where we predicted," said Daniel S. Goldsmith, ADL president and chief executive officer. "The market for our products is reflecting the general weakness in the economy, as well as aggressive competition and a good deal of confusion about laser dentistry. We are streamlining the company, reducing expenses, addressing the competition and confusion, and selling energetically. These efforts are expected to improve sales and financial results in the coming quarters. In the second quarter, however, we also expect a loss."
 The company announced Monday that it has placed a $2.5 million order for a new instrument that uses kinetic energy to remove tooth decay and prepare teeth for fillings. The company hopes the instrument, the KCP 2000, will replace the dental drill in many procedures and provide a superior, gentler form of treating cavities. The company previewed the instrument at a major dental show in Europe this month and reported positive reaction from the dental community. It expects to complete product modifications, comply with government regulations in some of its markets, and deliver the first units to dentists in the second half of the year.
 American Dental Laser, headquartered in Troy, develops high- technology products for dentistry and markets them worldwide. The company's stock is traded on NASDAQ under the symbol ADLI.
 -0- 4/28/92 R
 /CONTACT: Eric Fris, chief financial officer, American Dental Laser, 313-637-3713/
 (ADLI) CO: American Dental Laser, Inc. ST: Michigan IN: MTC SU: ERN


GK -- DE034R -- 4240 04/29/92 09:58 EDT
COPYRIGHT 1992 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1992 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 29, 1992
Words:344
Previous Article:ISRAELI DEPUTY MINISTER TO HOLD PRESS CONFERENCE
Next Article:FIRST CHARTER CORPORATION HOLDS 104TH SHAREHOLDERS' MEETING


Related Articles
AMERICAN DENTAL LASER REVISES ESTIMATED FOURTH-QUARTER LOSS
AMERICAN DENTAL LASER REPORTS 1991 EARNINGS
AMERICAN DENTAL LASER EXPECTS TO REPORT FOURTH-QUARTER LOSSES
AMERICAN DENTAL LASER REPORTS LOSS IN FIRST QUARTER
AMERICAN DENTAL LASER REPORTS 1992 SECOND-QUARTER RESULTS
LASER MEDICAL TECHNOLOGY, INC. ANNOUNCES SALES OF $1.2 MILLION IN THIRD QUARTER AND FORECASTS MUCH LOWER LOSSES IN FOURTH QUARTER
ION LASER REPORTS THIRD QUARTER LOSS
ION LASER REPORTS FISCAL 1994 RESULTS
Ion Laser Technology Reports Record Third Quarter Results
BIOLASE Technology Reports First Quarter Results, Shipment of New Generation of Products.

Terms of use | Copyright © 2017 Farlex, Inc. | Feedback | For webmasters