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Searching for charts, which still show momentum I found this one. It also has interesting fundamentals which I include:
BW1070 MAY 06,1996 5:27 PACIFIC 08:27 EASTERN
( BW)(AMERICAN-DENTAL-TECH)(ADLI) American Dental reports
significant increases in first quarter sales and net income
Business Editors
SOUTHFIELD, Mich.--(BUSINESS WIRE)--May 6, 1996--American Dental
Technologies Inc. ("ADT") today reported that the company had net
sales of $5,254,047, an increase of 20 percent over net sales of
$4,392,000 for the first quarter of 1995.
The company had a net income of $448,310, or 3 cents per share,
for the first quarter of 1996, compared to a net income of $176,196,
or 1 cent per share, for 1995's first quarter. Revenues and gross
profit increased due to higher sales volumes.
"We are pleased by these results," said Anthony D. Fiorillo,
president and CEO. "ADT continues to be the leader in the highly
competitive and emerging advanced technology dental market. Sales
improved in all our major markets this quarter. Although there can
be no assurances, this first quarter improvement in sales is
consistent with our expectation that sales in 1996 will be higher
than in 1995. Completion of the merger with Texas Airsonics Inc.
should help to improve our margins and will complete the integration
of our two major product lines."
ADT's innovative products, the KCP 1000, the KCP 1000 PAC and
the PulseMaster line of dental lasers, are recognized leaders in the
advanced technology dental market. The KCP works like a miniature
precision sandblaster spraying away decay, usually without a need
for anesthesia. The PAC utilizes a high intensity light source to
rapidly cure composite fillings. PulseMaster lasers allow dentists
to treat gum disease and perform other procedures with little or no
bleeding and less need for anesthesia.
American Dental Technologies, headquartered in Southfield,
develops and manufactures advanced technologies for dentistry and
markets them worldwide. It is listed on the Nasdaq SmallCap Market
under the symbol ADLI.
Fiorillo's statements are "forward looking statements" within
the meaning of the Securities Exchange Act of 1934 and are subject
to uncertainties. Such uncertainties include, without limitation,
the failure of distributors to meet purchase commitments, the loss
of distributor relationships, the failure to receive necessary
regulatory approvals, the negative effects of competition on prices
and sales volumes, ADT's ability to successfully integrate Texas
Air's business with ADT's and ADT's ability to retain key personnel
following the merger. Completion of the merger with Texas Air is
subject to customary conditions, including without limitation,
stockholder approvals.
Unaudited condensed consolidated statements of operations are
attached.
-0-
*T
American Dental Technologies Inc.
Condensed Consolidated Statement of Operations
(Unaudited)
Three Months Three Months
Ended 3/31/96 Ended 3/31/95
_____________ _____________
Net sales $5,254,047 $4,392,000
Cost of sales 2,855,426 2,207,373
_____________ _____________
Gross profit 2,398,621 2,184,627
Operating expenses:
Selling, general & administrative 1,669,058 1,925,058
Research and development 234,350 249,406
_____________ _____________
Income from operations 495,213 10,163
Other income (expense):
Royalty - related party 171,000
Royalty - other 17,875
Other (4,640)
Interest expense (42,263) (22,842)
_____________ _____________
Net income $ 448,310 $ 176,196
Weighted average number of common
and common equivalent shares 17,258,826 14,716,579
Net income per share $.03 $.01
*T
--30--dsl/clv*
CONTACT: American Dental Technologies, Southfield
Diane Miller, 810/353-5300
KEYWORD: MICHIGAN
INDUSTRY KEYWORD: MEDICINE BIOTECHNOLOGY COMPUTERS/ELECTRONICS
COMED EARNINGS
REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-236-4266 or
800-225-2030; SF 415-986-4422 or 800-227-0845; LA 310-820-9473
BW URL: businesswire.com
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