Edudata Reports Profit After Acquiring 2 Firms
Edudata Corp. of Westlake Village reported its results for the second quarter of fiscal 1997, its second full quarter of operation since it acquired Dental/Medical Diagnostic Systems and Bavarian Dental Instruments Inc.
The company reported a profit of $75,723, or 1 cent per share, on revenues of $3.5 million.
As a result of the acquisitions, the financial statements of the two acquired firms were included in the financial statements of Edudata. Both firms were established in October 1995, so there are no comparable results for the prior year.
Dental/Medical Diagnostic is primarily involved in the development of the TeliCam intraoral camera system for the dental marketplace. Shipments of the cameras began in February. Bavarian Dental Instruments imports and sells reusable diamond dental burs.
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