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                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 10-Q

(Mark One)

[X]  QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934 for the quarterly period ended December 31, 2001.

                                       OR

[_]  TRANSITION  REPORT  PURSUANT  TO  SECTION  13 OR  15(d)  OF THE  SECURITIES
     EXCHANGE  ACT OF 1934  for the  transition  period  from  _____________  to
     ________________.

                        Commission file number: 000-22673

                            SCHICK TECHNOLOGIES, INC.
             (Exact name of registrant as specified in its charter)

                Delaware                                    11-3374812
    (State or other jurisdiction of              (I.R.S. Employer Identification
     incorporation or organization)                          Number)

           30-00 47th Avenue                                  11101
       Long Island City, New York                           (Zip Code)
(Address of principal executive offices)

       Registrant's telephone number, including area code: (718) 937-5765

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.
Yes [X] No [_]

As of February 1, 2002,  10,138,922  shares of common stock,  par value $.01 per
share, were outstanding.

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<PAGE>


                            SCHICK TECHNOLOGIES, INC.

                                TABLE OF CONTENTS


PART I.   FINANCIAL INFORMATION:

    Item 1. Financial Statements:

            Consolidated Balance Sheets as of December 31, 2001
            (unaudited) and March 31, 2001  ............................ Page 1

            Consolidated Statements of Operations for the three and nine
            months ended December 31, 2001 and 2000 (unaudited)......... Page 2

            Consolidated Statements of Cash Flows for the nine
            months ended December 31, 2001 and 2000  (unaudited)........ Page 3

            Notes to Consolidated Financial Statements  (unaudited)..... Page 4

    Item 2. Management's Discussion and Analysis of Financial Condition
            and Results of Operations  ................................. Page 7

    Item 3. Quantitative and Qualitative Disclosures about Market Risk.. Page 11

PART II.  OTHER INFORMATION:

    Item 1. Legal Proceedings........................................... Page 11

    Item 2. Changes in Securities and Use of Proceeds  ................. Page 12

    Item 3. Defaults Upon Senior Securities............................. Page 12

    Item 4. Submission of Matters to a Vote of Security Holders......... Page 12

    Item 5. Other Information........................................... Page 13

    Item 6. Exhibits and Reports on Form 8-K............................ Page 13

SIGNATURES  ............................................................ Page 13


<PAGE>


PART I.   Financial Information

Item 1.  Financial Statements

Schick Technologies, Inc.
Consolidated Balance Sheet
(In thousands, except share amounts)

<TABLE>
<CAPTION>
                                                                                          Dec. 31            March 31,
                                                                                            2001
                                                                                          --------            --------
                                                                                         (unaudited)
<S>                                                                                       <C>                 <C>
Assets
Current assets
       Cash and cash equivalents                                                          $  1,151            $  2,167
       Short - term investments                                                                  4                   8
       Accounts receivable, net of allowance for
             doubtful accounts of $1,738 and $1,818 respectively                             2,572                 977
       Inventories                                                                           3,206               3,820
       Income taxes receivable                                                                  13                  21
       Prepayments and other current assets                                                    376                 176
                                                                                          --------            --------
                                        Total current assets                                 7,322               7,169
                                                                                          --------            --------
Equipment, net                                                                               3,103               3,489
Investment                                                                                      --                 815
Other assets                                                                                   909               1,173
                                                                                          --------            --------
                                        Total assets                                      $ 11,334            $ 12,646
                                                                                          ========            ========

Liabilities and Stockholders' Equity
Current liabilities
       Current maturity of long term debt                                                 $  1,911            $  2,851
       Accounts payable and accrued expenses                                                 1,470               1,801
       Accrued salaries and commissions                                                        370                 347
       Deposits from customers                                                                  58                 483
       Warranty obligations                                                                     50                 141
       Deferred revenue                                                                      3,174               3,132
                                                                                          --------            --------
                             Total current liabilities                                       7,033               8,755
                                                                                          --------            --------
Long term debt                                                                               2,569               4,080
                                                                                          --------            --------
                             Total liabilities                                               9,602              12,835
                                                                                          --------            --------
Commitments and contingencies                                                                   --                  --
Stockholders' equity (deficiency)
       Preferred stock ($0.01 par value; 2,500,000
                shares authorized; none issued and outstanding)                                 --                  --
       Common stock ($0.01 par value; 50,000,000 shares authorized:
                10,137,193 shares issued and outstanding)                                      101                 101
       Additional paid-in capital
                                                                                            42,480              42,480
       Accumulated deficit                                                                 (40,849)            (42,770)
                                                                                          --------            --------
                             Total stockholders' equity  (deficiency)                        1,732                (189)
                                                                                          --------            --------
                             Total liabilities and stockholders' equity
                             (deficiency)                                                 $ 11,334            $ 12,646
                                                                                          ========            ========
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


                                       1
<PAGE>

Schick Technologies, Inc.
Consolidated Statements of Operations - (unaudited)
(In thousands, except share amounts)

<TABLE>
<CAPTION>
                                                                        Three months ended                  Nine months ended
                                                                                            December 31,
                                                                        2001             2000             2001             2000
                                                                        ----             ----             ----             ----
<S>                                                                 <C>              <C>              <C>              <C>
Revenue, net                                                        $      7,003     $      5,391     $     17,663     $     15,024

Cost of sales                                                              2,096            2,333            6,046            7,278
Excess and obsolete inventory                                                192               --              292              552
                                                                    ------------     ------------     ------------     ------------
Total cost of sales                                                        2,288            2,333            6,338            7,830
                                                                    ------------     ------------     ------------     ------------

                  Gross profit                                             4,715            3,058           11,325            7,194
                                                                    ------------     ------------     ------------     ------------

Operating expenses:
        Selling and marketing                                              1,390            1,303            4,004            4,151
        General and administrative                                         1,012              863            2,917            3,303
        Research and development                                             548              544            1,610            1,648
        Bad debt recovery                                                     --             (354)             (43)            (354)
        Lease termination settlement                                         117               --              117               --
                                                                    ------------     ------------     ------------     ------------
                  Total operating costs                                    3,067            2,356            8,605            8,748
                                                                    ------------     ------------     ------------     ------------

                  Income (loss) from operations                            1,648              702            2,720           (1,554)
                                                                    ------------     ------------     ------------     ------------

Other income (expense)
        Other income                                                          17               --               76               --
        Interest income                                                        4                5               32               39
        Interest expense                                                    (125)            (268)            (907)            (874)
                                                                    ------------     ------------     ------------     ------------
                  Total interest and other  expense                         (104)            (263)            (799)            (835)
                                                                    ------------     ------------     ------------     ------------

                  Income (loss) before income taxes                        1,544              439            1,921           (2,389)

                  Provision for income taxes                                  --               --               --               14
                                                                    ------------     ------------     ------------     ------------

                  Net income (loss)                                 $      1,544     $        439     $      1,921     $     (2,403)
                                                                    ============     ============     ============     ============

                  Basis earnings per share                          $       0.15     $       0.04     $       0.19     $      (0.24)
                                                                    ============     ============     ============     ============
                  Diluted earnings per share                        $       0.14     $       0.04     $       0.17     $      (0.24)
                                                                    ============     ============     ============     ============
                  Weighted average common shares (basic)              10,137,193       10,137,193       10,137,193       10,135,425
                                                                    ============     ============     ============     ============
                  Weighted average common shares (diluted)            10,894,495       11,117,412       11,182,101       10,135,425
                                                                    ============     ============     ============     ============
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


                                       2
<PAGE>


Schick Technologies, Inc.
Consolidated Statements of Cash Flows - (unaudited)
(In thousands)

<TABLE>
<CAPTION>
                                                                                           Nine months ended
                                                                                              December 31,
                                                                                              ------------
                                                                                            2001          2000
                                                                                            ----          ----
<S>                                                                                       <C>           <C>
Cash flows from operating activities
Net income (loss)                                                                         $ 1,921       $(2,403)
      Adjustments to reconcile net loss to
         net cash provided by (used) in operating activities
              Depreciation and amortization                                                 1,168         1,587
              Bad debt recovery                                                               (43)         (354)
              Provision for excess and obsolete inventory                                     292           552
              Amortization of deferred financing charges                                      146            --
              Interest accretion                                                              365            36
              Gain on sale of held to maturity investment                                      (7)           --
              Changes in assets and liabilities:
                  Accounts receivable                                                      (1,399)          437
                  Inventories                                                                 322           920
                  Income taxes receivable                                                       8            82
                  Prepayments and other current assets                                       (200)          (39)
                  Other assets                                                                 --             6
                  Account payable and accrued expenses                                       (308)       (1,906)
                  Income taxes payable                                                         --            24
                  Deferred revenue                                                             42           714
                  Deposits from customers                                                    (425)         (493)
                  Warranty obligations                                                        (91)         (109)
                                                                                          -------       -------
                          Net cash provided by (used in) operating activities               1,791          (946)
                                                                                          -------       -------
Cash flows from investing activities
      Proceeds of held to maturity investments                                                 11             2
      Proceeds of liquidation of investment                                                   662            --
      Capital expenditures                                                                   (664)         (165)
                                                                                          -------       -------
                          Net cash provided by (used in) investing activities                   9          (163)
                                                                                          -------       -------
Cash flows from financing activities
      Net proceeds from issuance of common stock                                               --             3
      Payment of long term debt                                                            (2,816)           --
                                                                                          -------       -------
                          Net cash (used in) provided by financing activities              (2,816)            3
                                                                                          -------       -------

Net decrease in cash and cash equivalents                                                  (1,016)       (1,106)
Cash and cash equivalents at beginning of period                                            2,167         1,429
                                                                                          -------       -------

Cash and cash equivalents at end of period                                                $ 1,151       $   323
                                                                                          =======       =======
</TABLE>

The accompanying notes are an integral part of these consolidated financial
statements.


                                       3
<PAGE>

                            Schick Technologies, Inc.
             Notes to Consolidated Financial Statements (unaudited)
               (in thousands, except share and per share amounts)

1.   Basis of Presentation

     The consolidated  financial  statements of Schick  Technologies,  Inc. (the
"Company") have been prepared in accordance with accounting principles generally
accepted  in the United  States of America  ("US  GAAP") for  interim  financial
information and the rules of the Securities and Exchange  Commission (the "SEC")
for quarterly  reports on Form 10-Q,  and do not include all of the  information
and footnote disclosures required by US GAAP for complete financial  statements.
These  statements  should be read in conjunction  with the audited  consolidated
financial  statements  and notes  thereto  for the year  ended  March  31,  2001
included in the Company's Annual Report on Form 10-K.

     In the  opinion of  management,  the  accompanying  unaudited  consolidated
financial  statements include all adjustments  (consisting of normal,  recurring
adjustments)  necessary for a fair presentation of results of operations for the
interim  periods.  The results of operations  for the nine months ended December
31, 2001 are not  necessarily  indicative  of the results to be expected for the
full year ending March 31, 2002.

     The consolidated  financial statements of the Company, at December 31, 2001
include  the  accounts of the Company  and its wholly  owned  subsidiaries.  All
significant intercompany balances have been eliminated.

     Certain prior year amounts have been reclassified to conform to the current
year presentation.

2.   Liquidity

     The  Company had net profit of $1,544 and $439 for the three  months  ended
December  31, 2001 and 2000,  respectively.  The Company  incurred net losses of
$1,638,  $12,331 and $29,606 in the years ended March 31,  2001,  2000 and 1999,
respectively.  The  Company  has an  accumulated  deficit of $40,849 and working
capital of $289 at December 31, 2001.

     During the nine months ended  December 31, 2001 cash provided by operations
was $1.8 million  compared to $0.9 million  used in  operations  in fiscal 2001.
Increases in cash were primarily provided by improved operating performance. The
Company's  capital  expenditures  increased  to $0.7  million  in the first nine
months of  fiscal  2002 from $0.2 in fiscal  2001.  The  Company  received  $0.7
million from the  liquidation of its  investment in November  2001.  Fiscal 2002
capital  expenditures  (principally  leasehold  improvements)  were  incurred in
connection  with Company's  consolidation  and relocation of its facility into a
portion  of its space  after  fiscal  2001.  The  Company  used $2.8  million in
repayment of its debt during the nine months ended December 31, 2001.

     Anticipated  principal and interest payments  associated with the Company's
term loan over the coming 12 months are $2.2 million.

     In  July  2001,  a  Director  of  the  Company  made  a  commitment   ("the
Commitment")  to make an equity  investment in the Company in the minimum amount
of $1 million,  subject to the approval and acceptance of the Company's Board of
Directors. In December 2001 the Board of Directors declined to accept any equity
investment   pursuant  to  the  Commitment   and  is  not  presently   exploring
supplemental or alternative financing sources.

     Based  upon  the  Company's   present  operating   conditions,   management
anticipates  that  it will be able  to  meet  its  financing  requirements  on a
continuing  basis.  The ability of the Company to meet its cash  requirements is
dependent,  in part, on the  Company's  ability to maintain  adequate  sales and
profit  levels,  to satisfy  warranty  obligations  without  incurring  expenses
substantially  in excess of related warranty revenue and to collect its accounts
receivable on a timely  basis.  Management  believes  that its existing  capital
resources and other potential sources of credit are adequate to meet its current


                                       4
<PAGE>

cash  requirements.  However,  if the  Company's  cash  needs are  greater  than
anticipated  the  Company  will be required to seek  additional  or  alternative
financing  sources and could  consider the  reduction  of certain  discretionary
expenses and the sale of certain  assets.  There can be no  assurance  that such
financing will be available or available on terms acceptable to the Company.

3.   Inventories

     Inventories  at December  31, 2001 and March 31, 2001 are  comprised of the
following:

                                               December 31,       March 31,
                                                       2001            2001
                                                     ------          ------
     Raw materials                                   $2,214          $3,046
     Work-in-process                                     75             119
     Finished goods                                     917             655
                                                     ------          ------
     Total inventories                               $3,206          $3,820
                                                     ======          ======

4.   Recently Issue Accounting Standards

     In July 2001, the Financial Accounting Standards Board issued SFAS No. 141,
"Business  Combinations" and SFAS 142,  "Goodwill and Other Intangible  Assets".
The new standards  require that all business  combinations  initiated after June
30, 2001 must be accounted  for under the  purchase  method.  In  addition,  all
intangible assets acquired that are obtained through contractual or legal right,
or are  capable  of being  separately  sold,  transferred,  licensed,  rented or
exchanged  shall be  recognized  as an asset apart from  goodwill.  Goodwill and
intangibles with indefinite lives will no longer be subject to amortization, but
will be subject to at least an annual  assessment  for  impairment by applying a
fair value based test.

     The Company will continue to amortize  under its current method until April
1, 2002. Thereafter, annual goodwill and quarterly goodwill amortization of $107
and $27, respectively,  will no longer be recognized. By September 30, 2002, the
Company will perform a transitional  fair value based impairment test and if the
fair value is less than the  recorded  value at April 1, 2002,  the Company will
record an impairment loss in the June 30, 2002 quarter,  as a cumulative  effect
of a change in accounting principle.

     In August 2001, the FASB issued statement of Financial  Accounting Standard
No. 144 "Accounting for the Impairment or Disposal of Long Lived Assets," ("SFAS
144"). This statement is effective for the fiscal years beginning after December
15, 2001. This supercedes SFAS 121, "Accounting for the Impairment of Long-lived
Assets and for Long-lived Assets to be Disposed of", while retaining many of the
requirements of such statement.  The Company is currently  evaluating the impact
of the statement.

5.   Debt

     Long-term  debt at December  31, 2001 and March 31, 2001 is  summarized  as
follows:

                                                December 31,      March 31,
                                                        2001           2001
                                                      ------         ------
     Term notes                                       $4,480         $6,296
     Secured credit facility                              --            635
                                                      ------         ------
                                                       4,480          6,931
     Less current maturities                           1,911          2,851
                                                      ------         ------
     Total long-term debt                             $2,569         $4,080
                                                      ======         ======


                                       5
<PAGE>


Term Notes

     In May 2001,  the Company made a prepayment  of $750 in  satisfaction  of a
provision of the term note agreement  whereby it is required to make  additional
principal  payments equal to fifty percent of the "positive actual cash flow" as
defined.

Secured Credit Facility

     On July 5, 2001,  the Company  repaid all  outstanding  advances  under the
Greystone  Amended Loan  Agreement,  together with all unpaid  accrued  interest
thereunder  ($1.05  million),  and  concurrently  terminated  said  Amended Loan
Agreement.  Warrants held by Greystone to purchase  13,000,000  shares of common
stock were thereby forfeited and canceled.  Approximately  $423 representing the
unamortized  discount and deferred  financing costs relating to the Amended Loan
Agreement was charged to expense in July 2001.

     On July 12, 2001,  the Company and  Greystone  entered  into a  Termination
Agreement  effective  as of March 31,  2001,  acknowledging  the  repayment  and
surrender of the line of credit and agreeing that all the Company's  obligations
thereunder have been fully satisfied.  The Company and Greystone further agreed,
among other matters,  that:  (i) five million vested  warrants held by Greystone
and its assigns to purchase Common Stock of the Company remain in full force and
effect; (ii) the Registration Rights Agreement between Greystone and the Company
dated as of December 27, 1999 remains in full force and effect; and (iii) for so
long as Jeffrey Slovin holds the office of President of the Company, the Company
shall reimburse  Greystone in the amount of $17 monthly.  Effective  November 1,
2001 Mr. Slovin joined the Company on a full-time  basis thereby  canceling this
reimbursement provision of the agreement.

     Principal maturities of long-term debt are as follows:


                           Year ending December 31,
                          --------------------------
                          2002                $1,911
                          2003                 1,231
                          2004                 1,323
                          2005                    15
                                              ------

                                              $4,480
                                              ======

6.   Income Taxes

     No  provision  for income taxes is recorded in these  financial  statements
since available tax carryovers exceed taxable income.

7.   Common Stock

     In December  2001 the  stockholders  of the Company  voted to increase  the
authorized Common Stock to 50,000,000 shares from 25,000,000 shares.

8.   Liquidation of investment

     In November 2001 Photobit  Corporation  ("Photobit") was acquired by Micron
Technologies,  Inc. and subsequently  adopted a plan of dissolution,  winding up
and liquidating Photobit. The Company received $662, the initial proceeds of the
liquidation of its investment.  A second and final distribution is to be paid in
November 2002. The Company  deferred  recognition of gain (as much as $42) until
such payment is received and has classified the balance of its investment ($153)
in prepayments and other current assets.


                                       6
<PAGE>

9.   Commitments and Contingencies

Product Liability

     The Company is subject to the risk of product liability and other liability
claims in the event that the use of its products  results in personal  injury or
other claims.  Although the Company has not  experienced  any product  liability
claims to date, any such claims could have an adverse impact on the Company. The
Company maintains  insurance  coverage related to product liability claims,  but
there can be no  assurance  that  product  or other  claims  will not exceed its
insurance  coverage limits, or that such insurance will continue to be available
on commercially acceptable terms, or at all.

SEC Investigation and Other

     In August 1999,  the Company,  through its outside  counsel,  contacted the
Division of Enforcement of the  Securities  and Exchange  Commission  ("SEC") to
advise it of certain  matters  related to the Company's  restatement of earnings
for the  first,  second  and third  quarters  of fiscal  year  1999.  Subsequent
thereto, the SEC requested the voluntary production of certain documents and the
Company provided the SEC with the requested  materials.  On August 17, 2000, the
SEC  served  a  subpoena  upon  the  Company,  pursuant  to a  formal  order  of
investigation,  requiring the  production of certain  documents.  The Company is
cooperating  fully with the SEC staff and has provided  responsive  documents to
it. In addition,  investigators  associated with the U.S. Attorney's Office have
made inquires of certain former and current employees,  apparently in connection
with the same event.  The inquiries  are in a preliminary  stage and the Company
cannot predict their potential outcome.

Litigation

     The  Company may be a party to a variety of legal  actions (in  addition to
those    referred   to   above),    such   as    employment    and    employment
discrimination-related  suits,  employee  benefit  claims,  breach  of  contract
actions,  tort  claims,  shareholder  suits,  including  securities  fraud,  and
intellectual property related litigation. In addition,  because of the nature of
its business,  the Company is subject to a variety of legal actions  relating to
its business  operations.  Recent court decisions and  legislative  activity may
increase the Company's exposure for any of these types of claims. In some cases,
substantial  punitive damages may be sought. The Company currently has insurance
coverage for some of these potential  liabilities.  Other potential  liabilities
may not be covered by insurance, insurers may dispute coverage, or the amount of
insurance  may not be  sufficient  to cover the damages  awarded.  In  addition,
certain  types of  damages,  such as  punitive  damages,  may not be  covered by
insurance,  and  insurance  coverage for all or certain  forms of liability  may
become unavailable or prohibitively expensive in the future.

Employment Contracts

     In  November  and  December  2001,  the  Company  entered  into  three-year
employment  contracts with its Chief Executive  Officer and its  President/Chief
Operating Officer, respectively.  Each contract provides for base salary, annual
cost of living increases and incentive compensation based upon operating results
as defined.  The combined base  compensation of both contracts  amounts to $482.
The  contracts  provide for a grant to each  officer of 150,000  stock  options.
Fifty thousand  options for each officer become  exercisable on each anniversary
of grant.

Item 2.  Management's Discussion and Analysis of Financial
         Condition and Results of Operations

     This  Quarterly  Report on Form 10-Q  contains  forward-looking  statements
within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the  Securities  Exchange Act of 1934,  as amended.  The words or
phrases  "believes,"  "may,"  "will  likely  result,"  "estimates,"  "projects,"
"anticipates,"  "expects"  or similar  expressions  and  variations  thereof are
intended to identify such forward-looking statements. Actual results, events and


                                       7
<PAGE>

circumstances  could differ  materially  from those set forth in such statements
due to various factors.  Such factors include risks relating to past substantial
operating losses, dependence on financing,  dependence on products, competition,
the  changing  economic  and  competitive  conditions  in the medical and dental
digital  radiography  markets,  dependence  on  key  personnel,   dependence  on
distributors,  ability to manage growth, fluctuation in results and seasonality,
governmental   approvals   and   investigations,   technological   developments,
protection of technology utilized by the Company, patent infringement claims and
other  litigation,   need  for  additional   financing  and  further  risks  and
uncertainties,  including those detailed in the Company's other filings with the
Securities and Exchange Commission.

General

     The Company designs,  develops and manufactures digital imaging systems for
the dental and  medical  markets.  In the field of  dentistry,  the  Company has
developed,  and  currently  manufactures  and  markets,  an  intra-oral  digital
radiography  system,  a panoramic  digital  radiology  system and an  intra-oral
camera  system.  The Company has also developed a bone mineral  density  ("BMD")
assessment  device to assist in the diagnosis and treatment of osteoporosis.  In
addition,  the  Company is  involved  in the  development  of a general  digital
radiography device for intended use in various applications. Since May 2000, the
Company has distributed its dental products in North America exclusively through
Patterson  Dental Company.  Internationally,  the Company's  dental products are
distributed  through  a  network  of  independent  dealers.  The  Company's  BMD
assessment device is distributed,  domestically and  internationally,  through a
network of independent dealers.

Results of Operations

     Net revenues for the three months ended  December 31, 2001  increased  $1.6
million (30%) to $7.0 million from $5.4 million during the comparable  period of
fiscal 2001. AccuDEXA(R) represented  approximately $0.1 million (2%) and CDR(R)
represented  approximately  $6.9 million  (98%) of the Company's net revenues in
the third  quarter of fiscal 2002 as  compared  to $ 0.1  million  (3%) and $5.3
million  (97%)  in the  third  quarter  of  fiscal  2001 for  accuDEXA  and CDR,
respectively.  The Company  believes that the increase in net revenue was due to
increased  sales of CDR  products in North  America (an increase of $2.4 million
(122%) to $4.4 million for the three  months  ended  December 31, 2001 from $2.0
million during the comparable  period of fiscal 2001),  which more than offset a
decrease in sales of CDR products  abroad,  principally in Europe (a decrease of
$0.8 million (-40%) to $1.2 million for the three months ended December 31, 2001
from $2.0 million  during the  comparable  period of fiscal 2001).  CDR warranty
revenue for the three months ended December 31, 2001 increased $0.1 million (8%)
to $1.3 million from $1.2 million for the comparable  period in fiscal 2001. Net
revenues for the nine months  ended  December  31, 2001  increased  $2.7 million
(18%) to $17.7 million from $15.0 million during the comparable period of fiscal
2001 primarily for the reasons described above.

     Total cost of sales for the three months  ended  December 31, 2001 was $2.3
million, unchanged from the comparable period of fiscal 2001 (33% and 43% of net
revenues in fiscal 2002 and 2001,  respectively).  The  decrease in the relative
total  cost of sales for the third  quarter  of  fiscal  2002 is due to  several
factors including increased product yield and improved production efficiency and
product mix. Additionally,  warranty expenditures, and material costs, decreased
and facilities utilization  increased.  Rent and overhead costs decreased due to
the April 2001 reduction in plant and facilities.  These  improvements more than
offset the increases in labor, supplies,  royalties and the provision for excess
and obsolete  inventory.  Total cost of sales for the nine months ended December
31, 2001 decreased $1.5 million (19%) to $6.3 million (36% of net revenues) from
$7.8 million (52% of net revenues) during the comparable  period of fiscal 2001.
The  provision  for excess and  obsolete  inventory  for the nine  months  ended
December 31, 2001  decreased  by $0.3  million  (47%) to $0.3 million (2% of net
revenues)  from $0.6 million (4% of revenues)  during the  comparable  period of
fiscal  2001.  Charges to excess  obsolete  reserves  result  from the  accuDEXA
product.


                                       8
<PAGE>

     Selling and marketing expenses for the three months ended December 31, 2001
increased  $0.1 million (7%) to $1.4  million  (20% of net  revenues)  from $1.3
million  (24% of net  revenues)  for  the  comparable  period  of  fiscal  2001.
Decreases in payroll,  printing,  postage and telephone  expenses were offset by
increases  in  consultants  and  creative  development.  Selling  and  marketing
expenses for the nine months ended  December  31, 2001,  decreased  $0.2 million
(5%) to $4.0  million  (23%  of net  revenues)  from  $4.2  million  (28% of net
revenues) during the comparable period of fiscal 2001.

     General and administrative expenses for the three months ended December 31,
2001,  increased  $0.1 million (17%) to $1.0 million (14% of net revenues)  from
$0.9  million (9% of net  revenues)  for the  comparable  period of fiscal 2001.
General and administrative expenses for the nine months ended December 31, 2001,
decreased  $0.4 million  (14%) to $2.9 million (17% of net  revenues)  from $3.3
million (20% of net revenues)  during the comparable  period of fiscal 2001. The
increase in general  and  administrative  expenses  for the three  months  ended
December  31,  2001 was  attributable  primarily  to an  increase in payroll and
related  costs,  and reflects a change in the Company's  vacation  policy in the
prior year which reduced vacation expense by $0.2 million in fiscal 2001.

     Research and  development  expenses for the three months ended December 31,
2001  remained  unchanged  from the  comparable  period of fiscal 2001,  at $0.5
million  (8% and 10% of net  revenues  in fiscal  2002 and 2001,  respectively).
Research and  development  expenses for the nine months ended  December 31, 2001
remained  unchanged from the  comparable  period of fiscal 2001, at $1.6 million
(9% and 11% of net revenues in fiscal 2002 and 2001, respectively).

     Interest  expense for the three  months ended  December 30, 2001  decreased
$0.2 million (53%) to $0.1 million from $0.3 million for the  comparable  period
in fiscal 2001.  The decrease  results from the  prepayment of the $1 million in
borrowings  outstanding  under the secured credit facility provided by Greystone
Funding Corporation  ("Greystone"),  the reduction of principal in the term loan
and the  reduction of interest  rates due to Federal  Reserve  action during the
period.  Interest  expense  for the  nine  months  ended  December  31,  2001 is
unchanged at $0.9 million from fiscal 2001.  The July 2001  prepayment of the $1
million  outstanding  under  the  Greystone  secured  credit  facility  and  the
resulting  write off of unamortized  discounts and deferred  finance  charges of
$0.4 million related to the prepayment had offsetting effects.

Recently Issued Accounting Standards

     In July 2001, the Financial Accounting Standards Board issued SFAS No. 141,
"Business Combinations" and SFAS No.142, "Goodwill and Other Intangible Assets".
The new standards require that all business combinations initiated after June 30
2001  must be  accounted  for  under  the  purchase  method.  In  addition,  all
intangible assets acquired that are obtained through contractual or legal right,
or are  capable  of being  separately  sold,  transferred,  licensed,  rented or
exchanged  shall be  recognized  as an asset apart from  goodwill.  Goodwill and
intangibles with indefinite lives will no longer be subject to amortization, but
will be subject to at least an annual  assessment  for  impairment by applying a
fair-value-based test.

     The Company will continue to amortize  under its current method until April
1, 2002. Thereafter, annual goodwill and quarterly goodwill amortization of $107
and $27 respectively,  will no longer be recognized.  By September 30, 2002, the
Company will perform a transitional  fair-value-based impairment test and if the
fair value is less than the  recorded  value at April 1, 2002,  the Company will
record an impairment loss in the June 30, 2002 quarter,  as a cumulative  effect
of a change in accounting principle.

     In August 2001, the FASB issued statement of Financial  Accounting Standard
No. 144,  "Accounting  for the  Impairment  or  Disposal of Long Lived  Assets,"
("SFAS 144").  This statement is effective for the fiscal years  beginning after
December 15, 2001. This  supercedes SFAS 121,  "Accounting for the Impairment of
Long-lived  Assets and for Long-lived Assets to be Disposed of", while retaining
many of the requirements of such statement.  The Company is currently evaluating
the impact of the statement.


                                       9
<PAGE>

Liquidity and Capital Resources

     At  December  31,  2001,  the  Company  had $1.2  million  in cash and cash
equivalents  and working  capital of $0.3  million,  compared to $2.2 million in
cash and cash  equivalents  and $1.6 million in working  capital  deficiency  at
March 31, 2001.

     During the nine months ended December 31, 2001, cash provided by operations
was  $1.8  million  compared  to $0.9  million  used in  operations  during  the
comparable period of fiscal 2001. The improvement in cash provided by operations
is primarily  attributable to the Company's operating profit and addition of non
cash  expense and  reduction of the  Company's  inventory,  partially  offset by
increases in accounts  receivable and reduction of accounts payable and deposits
from customers and warranty reserves.  Accounts  receivable  increased from $1.0
million at March 31, 2001 to $2.7  million at December 31, 2001 due to increased
sales.  The decrease in inventory of $0.6 million from $3.8 million at March 31,
2001 to $3.2 million at December 31, 2001 is primarily  attributable  to planned
reductions and an increase in the reserve for excess and obsolete inventory.

     The  Company's  capital  expenditures  during the  nine-month  period ended
December 31, 2001  amounted to $0.7  million.  Fiscal 2002 capital  expenditures
(principally leasehold  improvements) were incurred in connection with Company's
consolidation  and  relocation of its facility into a portion of its space after
fiscal 2001.  The Company  received  $0.7 million  from the  liquidation  of its
investment in November  2001.  The Company used $2.8 million in repayment of its
debt during the nine months ended December 31, 2001.

     DVI Financial  Services,  Inc.  ("DVI") provided the Company with financing
evidenced by term notes  payable  which are secured by first  priority  liens on
substantially all of the Company's  assets.  The Company issued promissory notes
and security  agreements that provide,  in part, that the Company may not permit
the creation of any additional lien or encumbrance on the Company's  property or
assets.  The DVI Notes are due in  varying  installments  through  fiscal  2006.
Interest is paid  monthly at the prime rate  (4-3/4% at December  31, 2001) plus
2.5%. In connection  with the DVI loan, the Company  prepaid $750 of outstanding
principal  during  the  first  quarter  of  fiscal  2002  in  satisfaction  of a
prepayment provision of that Agreement.  Effective August 28, 2000, DVI sold all
its right, title and interest in the warrants and DVI Notes, to Greystone.

     In December 1999, the Company  entered into a Loan Agreement with Greystone
to provide  up to $7.5  million  of  subordinated  debt in the form of a secured
credit  facility.  An  initial  advance  of $1  million  was made under the Loan
Agreement.  No additional funds were advanced under the Loan Agreement in excess
of the initial draw of $1 million. On July 5, 2001, the Company remitted payment
to Greystone in the amount of $1.05 million,  repaying all outstanding  advances
under the Loan Agreement,  together with all unpaid accrued interest thereunder,
and concurrently terminated the Loan Agreement.  Approximately $423 representing
the  unamortized  discount and  deferred  financing  costs  relating to the Loan
Agreement was charged to expense in July 2001.

     On July 12, 2001,  the Company and  Greystone  entered  into a  Termination
Agreement  effective  as of March 31,  2001,  acknowledging  the  repayment  and
termination  of the  Loan  Agreement  and  agreeing  that  all of the  Company's
obligations  thereunder  have been fully  satisfied.  The Company and  Greystone
further  agreed,  among other matters,  that: (i) five million  warrants held by
Greystone and its assigns to purchase Common Stock of the Company remain in full
force and effect;  (ii) the Registration  Rights Agreement between Greystone and
the Company dated as of December 27, 1999 remains in full force and effect;  and
(iii) for so long as  Jeffrey  Slovin  holds  the  office  of  President  of the
Company,  the Company  shall  reimburse  Greystone in the amount of $17 thousand
monthly.  On  November  1, 2001 Mr.  Slovin  joined the  Company on a full- time
basis, thereby canceling this reimbursement provision of the agreement.

     In  July  2001,  a  Director  of  the  Company   made  a  commitment   (the
"Commitment") to make an equity  investment in the Company in the minimum amount
of $1 million,  subject to the approval and acceptance of the Company's Board of


                                       10
<PAGE>

Directors. In December 2001 the Board of Directors declined to accept any equity
investment pursuant to the Commitment.

     Based  upon  the  Company's   present  operating   conditions,   management
anticipates  that  it will be able  to  meet  its  financing  requirements  on a
continuing  basis.  The ability of the Company to meet its cash  requirements is
dependent,  in part, on the  Company's  ability to maintain  adequate  sales and
profit  levels,  to satisfy  warranty  obligations  without  incurring  expenses
substantially  in excess of related warranty revenue and to collect its accounts
receivable on a timely  basis.  Management  believes  that its existing  capital
resources and other potential sources of credit are adequate to meet its current
cash  requirements.  However,  if the  Company's  cash  needs are  greater  than
anticipated  the  Company  will be required to seek  additional  or  alternative
financing  sources and could  consider the  reduction  of certain  discretionary
expenses and the sale of certain  assets.  There can be no  assurance  that such
financing will be available or available on terms acceptable to the Company.

Critical Accounting Policies

     Accounting  policies  that  management  believes  are most  critical to the
Company's  financial condition and operating results pertain to the valuation of
accounts receivable, inventory and goodwill and revenue recognition. In deriving
accounting estimates management  considered available  information and exercised
reasonable judgment. However actual results could differ from these estimates.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

     The term  notes bear an annual  interest  rate based on the prime rate plus
2.5%, provided however, that if any payments are past due for more than 60 days,
interest  will  thereafter  accrue at the  prime  rate plus  5.5%.  Because  the
interest rate is variable,  the Company's cash flow may be adversely affected by
increases in interest rates. Management does not, however, believe that any risk
inherent  in the  variable-rate  nature of the loan is likely to have a material
effect on the Company's interest expense or available cash.

PART II.  OTHER INFORMATION

Item 1.  Legal Proceedings

     The  Company  and/or  certain  of its  officers  and former  officers,  are
involved in the proceedings described below:

     I. In late 1998 through early 1999, nine shareholder  complaints purporting
to be class action  lawsuits were filed in the United States  District Court for
the Eastern  District of New York.  Plaintiffs  filed a Consolidated and Amended
Complaint  on or about May 27, 1999 and, on or about  November  24, 1999 filed a
Second Amended and Consolidated Complaint (the "Complaint"). The Complaint named
as  defendants  the Company,  David B. Schick,  Thomas E.  Rutenberg,  and David
Spector   (collectively,    the   "Individual    Defendants"),    as   well   as
PricewaterhouseCoopers LLP.

     The Complaint alleged, inter alia, that certain defendants issued false and
misleading  statements  concerning the Company's  publicly  reported earnings in
violation of the federal securities laws. The Complaint sought  certification of
a class of persons who purchased the Company's Common Stock between July 1, 1997
and  February  19,  1999,  inclusive,  and did not specify the amount of damages
sought.

     In May 2000, an agreement was reached to settle the consolidated securities
class action  lawsuit.  Under the agreement,  all claims against the Company and
individuals  named  as  defendants  will be  dismissed  without  presumption  or
admission of any liability or wrongdoing.  The principal  terms of the agreement
call for payment to the Plaintiffs,  for the benefit of the class, of the sum of
$3.4  million.  The  settlement  amount  is to be  paid in its  entirety  by the
Company's  insurance  carrier and is not  expected  to have any direct  material


                                       11
<PAGE>

impact on the financial results of the Company.  The terms of the settlement are
subject to approval by the Court.

     II. In August 1999, the Company, through its outside counsel, contacted the
Division of Enforcement of the  Securities  and Exchange  Commission  ("SEC") to
advise it of certain matters  related to the Company's  restatement of earnings.
Subsequent  thereto,  the SEC  requested  the  voluntary  production  of certain
documents  and the Company  provided the SEC with the  requested  materials.  On
August 17,  2000,  the SEC served a subpoena  upon the  Company,  pursuant  to a
formal order of  investigation,  requiring the production of certain  documents.
The Company is cooperating fully with the SEC staff and has provided  responsive
documents to it. The inquiry is in a  preliminary  stage and the Company  cannot
predict its potential outcome.

     The Company could become a party to a variety of legal actions (in addition
to   those   referred   to   above),   such   as   employment   and   employment
discrimination-related  suits,  employee  benefit  claims,  breach  of  contract
actions,  tort  claims,  shareholder  suits,  including  securities  fraud,  and
intellectual property related litigation. In addition,  because of the nature of
its business,  the Company is subject to a variety of legal actions  relating to
its business  operations.  Recent court decisions and  legislative  activity may
increase the Company's exposure for any of these types of claims. In some cases,
substantial  punitive  damages  could  be  sought.  The  Company  currently  has
insurance  coverage for some of these  potential  liabilities.  Other  potential
liabilities may not be covered by insurance,  insurers may dispute coverage,  or
the amount of insurance may not be sufficient to cover the damages  awarded.  In
addition, certain types of damages, such as punitive damages, may not be covered
by insurance  and  insurance  coverage for all or certain forms of liability may
become unavailable or prohibitively expensive in the future.

Item 2.  Changes in Securities and Use of Proceeds

     Not Applicable.

Item 3.  Defaults Upon Senior Securities

     Not Applicable.

Item 4.  Submission of Matters to a Vote of Security Holders

     (a)  The  Company  held its Annual  Meeting of  Stockholders  (the  "Annual
          Meeting") on December 20, 2001.

     (b)  The following  matter  concerning the election of a Director was voted
          upon at the Annual Meeting with the accompanying result:

Election of Director:
--------------------
                                                                 Number of Votes
                                       Number of Votes For    Withheld Authority
                                                 ---------         -------------
          Jeffrey T. Slovin                      8,942,133               190,921
          (New term expires in 2004)

     The other  directors  of the  Company  will  continue  in office  for their
existing  terms,  as follows:  Euval  Barrekette and Jonathan Blank serve in the
class whose term  expires in 2002 and Allen Schick and David Schick serve in the
class whose term expires in 2003.  Robert  Barolak's tenure as a Director of the
Corporation terminated as of the Annual Meeting.  Following said Annual Meeting,
the Corporation's  Board of Directors is to consist of five Directors.  Upon the
expiration  of the term of a class of  Directors,  the member or members of such
class will be elected for three-year terms at the annual meeting of stockholders
held in the year in which such term expires.

     (c) The following additional matters were voted upon at the meeting held on
December 20, 2001 with the following results:


                                       12
<PAGE>

1. Approval of the proposal to amend the Company's  Certificate of Incorporation
to  increase  the  number of  shares  of the  Company's  common  stock  issuable
thereunder from 25,000,000 to 50,000,000:

         Number of votes for:                8,351,090
         Number of votes against:              645,599
         Number of abstentions:                136,365

2.  Ratification  of the  selection  of  Grant  Thornton  LLP  as the  Company's
independent accountants for the fiscal year ending March 31, 2002:

         Number of votes for:                9,028,528
         Number of votes against:               22,168
         Number of abstentions:                 82,360

Item 5.  Other Information

     None.

Item 6.  Exhibits and Reports on Form 8-K

(a)  Exhibits

     10.36  Employment Agreement between Schick  Technologies,  Inc. and Jeffrey
            T. Slovin, dated November 9, 2001

     10.37  Employment  Agreement  between Schick  Technologies,  Inc. and David
            Schick, dated December 20, 2001

(b)  Reports on Form 8-K

          None.


                            SCHICK TECHNOLOGIES, INC.

                                    SIGNATURE


     Pursuant to the  requirement  of the  Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  Report  to be  signed  on its  behalf by the
undersigned thereunto duly authorized.


                                    SCHICK TECHNOLOGIES, INC.

Date: February 1, 2002              By: /S/ David B. Schick
                                    David B. Schick
                                    Chief Executive Officer

                                    By: /S/ Ronald Rosner
                                    Ronald Rosner
                                    Director of Finance
                                    (Principal Financial and Accounting Officer)



                                       13