Schick announces one-time charge

January 13, 1999

Digital detector developer Schick Technologies of Long Island City, NY, announced last month that it expected to take a one-time charge against earnings for the third quarter (end-December). The charge was taken for $5 million in accounts receivable

Digital detector developer Schick Technologies of Long Island City, NY, announced last month that it expected to take a one-time charge against earnings for the third quarter (end-December). The charge was taken for $5 million in accounts receivable debt, the company said. Schick attributed the charge to a number of accounts for which it was unable to collect, and stated that it has established new credit and collection policies, according to David Schick, president and CEO.