January 17, 1995
New Image Industries Inc., a maker of dental intraoral cameras and related imaging systems, reported a steep slide in its fiscal second-quarter earnings on lower revenue. The company blamed the profit and revenue declines on price cutting on its older imaging equipment to reduce inventory. In the three months ended Dec. 31, New Image earned $38,000, down 97% from its $1.42 million profit a year earlier. Its revenue fell 20%, to $8.71 million from $10.9 million.
December 20, 1994
New Image Industries Inc., a Canoga Park maker of intraoral cameras and other dental imaging devices, said it expects to break even in its fiscal second quarter ended Dec. 31 on revenue of about $8 million. In the same quarter a year earlier, New Image earned $1.42 million on $10.9 million in revenue.
October 25, 1994
New Image Industries Inc., a Canoga Park maker of dental cameras and imaging systems, said earnings for its first quarter, which ended Sept. 30, were $148,000, down 78% from $677,000 in the same period last year. The drop came on a 27% increase in revenue to $6.97 million from $5.47 million the previous year.
October 4, 1994
Shares of New Image Industries Inc., a Canoga Park-based maker of dental imaging devices, tumbled sharply last week after Dentsply International Inc. backed out of a deal to acquire New Image. Roger Leddington, chief executive of New Image, said the deal unraveled over "differences of opinion on certain issues," including New Image's chances for successfully defending a patent infringement lawsuit. Leddington said New Image is being sued by High Tech Medical Instrumentation Inc. of San Carlos.
September 20, 1994
New Image Industries Inc., a Canoga Park maker of dental intraoral cameras, has agreed to extend its agreement in principle to be acquired by Dentsply International Inc. of Des Plaines, Ill., to Oct. 3. New Image said the move is to give Dentsply time to complete its due diligence review of New Image. Dentsply, a supplier of dental, X-ray and mammography products, last month agreed to purchase New Image for $16.38 a share, or a total of $91.6 million.
August 30, 1994
New Image Industries Inc., the Canoga Park-based developer of dental cameras, reported a loss of $1.61 million for its fourth fiscal quarter ended June 30, in contrast to earnings of $1.45 million in the same period a year earlier. Revenues for the quarter were $8.46 million, up 5% from $8.05 million the year before. For its fiscal year, New Image reported a loss of $347,000, in contrast to earnings of $5.61 million in fiscal 1994. The loss was on revenue of $31.6 million, up 3% from $30.