SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 12B-25
Notification of Late Filing
Commission File Number 000-22673
(Check one):
( ) Form 10-K ( ) Form 11-K ( ) Form 20-F (X) Form 10-Q ( ) Form N-SAR
For period ended: December 31, 1998
( ) Transition Report on Form 10-K
( ) Transition Report on Form 20-F
( ) Transition Report on Form 11-K
( ) Transition Report on Form 10-Q
( ) Transition Report on Form N-SAR
For the transition period ended
Nothing in this form shall be construed to imply that the Commission has
verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify
the item(s) to which the notification relates:
PART I - REGISTRANT INFORMATION
Schick Technologies, Inc.
Full name of registrant
Former name if applicable
31-00 47th Avenue
Address of principal executive office (Street and Number)
Long Island City, New York 11101
City, State and Zip Code
PART II - RULE 12B-25(B) AND (C)
If the subject report could not be filed without unreasonable effort or expense
and the registrant seeks relief pursuant to Rule 12b-25(b), the following should
be completed. (Check box if appropriate.)
(a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
(b) The subject annual report, semi-annual report, transition report
on Form 10-K, 20-F, 11-K or Form N-SAR, or portion thereof will
|X| be filed on or before the 15th calendar day following the
prescribed due date; or the subject quarterly report or
transition report on Form 10-Q, or portion, thereof will be filed
on or before the fifth calendar day following the prescribed due
date, and
(c) The accountant's statement or other exhibit required by Rule
12b-25(c) has been attached if applicable.
<PAGE>
PART III - NARRATIVE
State below in reasonable detail the reasons why Form 10-K, 11-K, 20-F, 10-Q,
N-SAR or the transition report portion thereof could not be filed within the
prescribed time period.
Registrant is ascertaining its estimates for returns and allowances,
doubtful accounts and inventory write-offs, as well as the tax impact thereof.
This process is expected to be completed within the extension period. The
subject report cannot be filed in a timely manner without undue expense and
hardship.
PART IV - OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this
notification.
Zvi N. Raskin (718) 937-5765, ext. 2163
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) or the
Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of
1940 during the preceding 12 months or for such shorter period that the
registrant was required to file such report(s) been filed? If the answer is no,
identify report(s).
(x) Yes ( ) No
(3) Is it anticipated that any significant change in results of operations from
the corresponding period for the last fiscal year will be reflected by the
earnings statements to be included in the subject report or portion thereof?
(x) Yes ( ) No
If so, attach an explanation of the anticipated change, both narratively and
quantitatively, and, if appropriate, state the reasons why a reasonable estimate
of the results cannot be made.
The registrant recognized $11.9 million in revenues and $1.2 million in net
income for the quarter ended December 31, 1997. The registrant anticipates an
increase in revenues and a substantial net loss for the three months ended
December 31, 1998. Factors contributing to such net loss include a significant
increase in product returns and allowances, doubtful accounts and inventory
obsolescence.
SCHICK TECHNOLOGIES, INC.
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned
thereunto duly authorized.
Date: February 17, 1999 By /s/ DAVID SCHICK
David B. Schick, President &
Chief Executive Officer
