Dental/Medical Diagnostic Systems Announces Loss
- Share via
Dental/Medical Diagnostic Systems in Westlake Village announced a net loss for the quarter that ended June 30, based primarily on the early payoff of $1.6 million in debt.
Net loss for the quarter was $141,897, or 3 cents per share, compared with net income of $75,723, or 2 cents, for the 13-week period ended Aug. 31, 1996. Included in the results were approximately $68,000 in financing costs related to the early repayment of the $1.6 million loan in May. Total loss because of the debt payoff was $234,149, or 6 cents per share.
Net revenue for the quarter was $4.25 million, compared with $3.52 million for the period ended Aug. 31, 1996.
The company reported an increase in sales for the quarter, due mainly to more international sales.
The company recently changed its fiscal year, moving the end from February to Dec. 31.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
