Digital x-ray firm Schick Technologies enjoyed improving financial results for its 2001 fourth quarter and fiscal year (end-March 31). For the quarter, the Long Island City, NY, company posted sales of $6.2 million, up 24% compared with revenue of $5 million in the same period the year before. The company recorded Q4 net income of $800,000, compared with a net loss of $3.1 million in the fourth quarter of 2000.
For the year, Schick reported revenues of $21.3 million, down 3% compared with $22 million in fiscal 2000. The company posted a net loss for fiscal 2001 of $1.6 million, down sharply from the $12.3 million loss the year before.
Schick said the improving fourth-quarter numbers were due to a large international order during the period, as well as improving gross profit margins. The company said its goal for fiscal 2002 is continued growth in both revenues and profit margins.
By AuntMinnie.com staff writers
July 19, 2001
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