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 September 30, 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 October 30, 2001,  10,138,922  shares of common stock,  par value $.01 per
share, were outstanding.

<PAGE>


SCHICK TECHNOLOGIES, INC.

                                TABLE OF CONTENTS


PART I. FINANCIAL INFORMATION:

Item 1.  Financial Statements:

Consolidated Balance Sheets as of September 30, 2001
(unaudited) and March 31, 2001 ..........................................Page 1

Consolidated Statements of Operations for the three and
six months ended September 30, 2001 and 2000 (unaudited) ................Page 2

Consolidated Statements of Cash Flows for the six months ended
September 30, 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 10

PART II. OTHER INFORMATION:

     Item 1.  Legal Proceedings .........................................Page 10

     Item 2.  Changes in Securities and Use of Proceeds .................Page 11

     Item 3.  Defaults Upon Senior Securities............................Page 11

     Item 4.  Submission of Matters to a Vote of Security Holders........Page 11

     Item 5.  Other Information..........................................Page 11

     Item 6.  Exhibits and Reports on Form 8-K...........................Page 11

SIGNATURES ..............................................................Page 12

<PAGE>


 PART I.   Financial Information

Item 1. Financial Statements

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

<TABLE>
<CAPTION>
                                                         September 30,   March 31,
                                                                  2001        2001
                                                                  ----        ----
                                                           (unaudited)
<S>                                                           <C>         <C>
Assets
Current assets
     Cash and cash equivalents                                $  1,209    $  2,167
     Short term investments                                          4           8
     Accounts receivable, net of allowance for
       doubtful accounts of $1,742 and $1,818, respectively      1,136         977
     Inventories                                                 3,635       3,820
     Income taxes receivable                                        13          21
     Prepayments and other current assets                          222         176
                                                              --------    --------

Total current assets                                             6,219       7,169
                                                              --------    --------

Equipment, net                                                   3,427       3,489
Investments                                                        815         815
Other assets                                                       968       1,173
                                                              --------    --------

Total assets                                                  $ 11,429    $ 12,646
                                                              ========    ========

Liabilities and Stockholders' Equity (Deficiency)
Current liabilities
     Current maturities of long term debt                     $  1,854    $  2,851
     Accounts payable and accrued expenses                       2,374       1,801
     Accrued salaries and commissions                              504         347
     Deferred revenue                                            3,250       3,132
     Deposits from customers                                       125         483
     Warranty obligations                                           56         141
                                                              --------    --------

Total current liabilities                                        8,163       8,755
                                                              --------    --------

Long term debt                                                   3,078       4,080
                                                              --------    --------

Total liabilities                                               11,241      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; 25,000,000 shares
     authorized:
     10,137,193 shares issued and outstanding)                     101         101
Additional paid-in capital                                      42,480      42,480
(Accumulated deficit)                                          (42,393)    (42,770)
                                                              --------    --------

Total stockholders' equity (deficiency)                            188        (189)
                                                              --------    --------

Total liabilities and stockholders' equity (deficiency)       $ 11,429    $ 12,646
                                                              ========    ========
</TABLE>


---------------
The  accompanying  notes are an intergral 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               Six months ended
                                                                               September 30
                                                               2001            2000            2001            2000
                                                       ------------    ------------    ------------    ------------

<S>                                                    <C>             <C>             <C>             <C>
Revenue, net                                           $      4,819    $      3,390    $     10,660    $      9,633
                                                       ------------    ------------    ------------    ------------

Cost of sales                                                 1,752           1,849           3,950           4,945
Excess and obsolete inventory                                    --             552             100             552
                                                       ------------    ------------    ------------    ------------
     Total cost of sales                                      1,752           2,401           4,050           5,497
                                                       ------------    ------------    ------------    ------------
Gross profit                                                  3,067             989           6,610           4,136
                                                       ------------    ------------    ------------    ------------

Operating expenses:
     Selling and marketing                                    1,312           1,235           2,614           2,848
     General and administrative                                 925           1,279           1,905           2,440
     Research and development                                   532             550           1,062           1,104
     Bad debt recovery                                           --              --             (43)             --
                                                       ------------    ------------    ------------    ------------
Total operating costs                                         2,769           3,064           5,538           6,392
                                                       ------------    ------------    ------------    ------------

Income (loss) from operations                                   298          (2,075)          1,072          (2,256)

Other income (expense)
     Gain from sale of investment                                 7              --               7              --
     Interest income                                             17              19              80              34
     Interest expense                                          (572)           (246)           (782)           (606)
                                                       ------------    ------------    ------------    ------------
Total other income (expense)                                   (548)           (227)           (695)           (572)
                                                       ------------    ------------    ------------    ------------

(Loss) income before income taxes                              (250)         (2,302)            377          (2,828)

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

Net (loss) income                                      $       (250)   $     (2,316)   $        377    $     (2,842)
                                                       ============    ============    ============    ============

Basic (loss) income per share                          $      (0.02)   $      (0.23)   $       0.04    $      (0.28)
                                                       ============    ============    ============    ============

Diluted (loss) income per share                        $      (0.02)   $      (0.23)   $       0.03    $      (0.28)
                                                       ============    ============    ============    ============

Weighted average common shares outstanding (basic)       10,137,193      10,134,696      10,137,193      10,134,540
                                                       ============    ============    ============    ============

Weighted average common shares outstanding (diluted)     10,137,193      10,134,696      11,325,904      10,134,540
                                                       ============    ============    ============    ============
</TABLE>


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


                                       2
<PAGE>


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

<TABLE>
<CAPTION>
                                                                Six months ended
                                                                  September 30
                                                                   2001       2000
                                                                -------    -------
<S>                                                             <C>        <C>
Cash flows from operating activities
Net income (loss)                                               $   377    $(2,842)
     Adjustments to reconcile net income (loss) to
           net cash used in operating activities
               Depreciation and amortization                        790      1,045
               Bad debt recovery                                    (43)
               Provision for excess and obsolete inventory          100        552
                Amortization of deferred financing charge           121         54
               Interest accretion                                   365         22
               Gain on sale of held to maturity investment           (7)        --
               Changes in assets and liabilities:
                      Accounts receivable                          (116)     1,026
                      Inventories                                    85        467
                      Income taxes receivable                         8         83
                      Prepayments and other current assets          (46)        25
                      Other assets                                   --        (19)
                      Account payable and accrued expenses          730     (1,216)
                      Income taxes payable                           --         49
                      Deferred revenue                              118        469
                      Deposits from customers                      (358)      (343)
                      Warranty obligations                          (85)      (102)
                                                                -------    -------
Net cash provided by (used in) operating activities               2,039       (730)
                                                                -------    -------

Cash flows from investing activities
     Proceeds from maturities of held-to-maturity investments        11         --
     Capital expenditures                                          (644)      (141)
                                                                -------    -------
Net cash used in investing activities                              (633)      (141)
                                                                -------    -------

Cash flows from financing activities
     Proceeds from issuance of common stock                          --          3
     Payment of long term debt                                   (2,364)        --
                                                                -------    -------
Net cash (used in) provided by financing activities              (2,364)         3
                                                                -------    -------

Net decrease in cash and cash equivalents                          (958)      (868)
Cash and cash equivalents at beginning of period                  2,167      1,429
                                                                -------    -------
Cash and cash equivalents at end of period                      $ 1,209    $   561
                                                                =======    =======
</TABLE>


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


                                       3
<PAGE>


Schick Technologies, Inc. and Subsidiary
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 three and six months ended
September 30, 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 September 30,
2001, include the accounts of the Company and its wholly-owned  subsidiary.  All
significant intercompany balances have been eliminated.

2. Liquidity

     The  Company had net losses of $250 and $2,316 for the three  months  ended
September 30, 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 $42,393 and working
capital deficiency of $1,946 at September 30, 2001.

     During the six months ended  September 30, 2001 cash provided by operations
was $2.0 million  compared to $0.7 million  used in  operations  in fiscal 2001.
Increases in cash were primarily provided by improved operating performance. The
Company's capital  expenditures  increased $0.5 million in fiscal 2002 from $0.1
in  fiscal  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 $2.4  million in repayment of its debt during the six months ended
September 30, 2001.

     Anticipated  principal and interest  payments  associated with the DVI loan
over the  coming  12  months  are  $2.2  million.  The  Company  anticipates  an
additional $.2 million in capital expenditures during this period.

     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.  The Board is  currently  evaluating  the  Commitment  and  exploring
supplemental and 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. If needed,  Management could consider the reduction of certain
discretionary  expenses  and sale of certain  assets,  as well as the use of the
financing sources mentioned above. However,  there can be no assurance that such
financing  will be  available  on terms  acceptable  to the  Company or that the
Company's  cash needs will not be greater  than  anticipated.  In


                                       4
<PAGE>


the  event  that  these  plans  are  not  sufficient  and the  Company's  credit
facilities  are not  available,  the  Company's  ability  to  operate  could  be
adversely affected.

3. Inventories

     Inventories are comprised of the following:

                                           September 30, 2001     March 31, 2001
                                           -----------------      --------------
Raw materials                                          $2,628             $3,046
Work-in-process                                            65                119
Finished goods                                            942                655
                                                       ------             ------
Total inventories                                      $3,635             $3,820
                                                       ======             ======

4.  Recently Issued 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 Standards
No. 144,  "Accounting  for the  Impairment  or Disposal of  Long-Lived  Assets",
("SFAS  144").  This  statement is effective  for fiscal years  beginning  after
December 15, 2001.  This statement  supercedes SFAS 121, while retaining many of
the  requirements  of such  statement.  The Company is currently  evaluating the
impact this may have.

5. Debt

     Long-term debt is summarized as follows:

                                             September 30, 2001   March 31, 2001
                                             ------------------   --------------
Term notes                                               $4,932           $6,296
Secured credit facility                                      --              635
                                                         ------           ------
                                                          4,932            6,931
Less current maturities                                   1,854            2,851
                                                         ------           ------
                                                         $3,078           $4,080
                                                         ======           ======

     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 (Greystone Amended Loan Agreement)

     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.


                                       5
<PAGE>


     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  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.

     Principal maturities of long-term debt are as follows:

                 Year ending September 30
                 ------------------------
                           2002                   $1,854
                           2003                    1,381
                           2004                    1,288
                           2005                      409
                                                  ------
                                                  $4,932
                                                  ======

6. 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 interim periods of fiscal 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  has  provided  the SEC with the  subpoenaed
materials  and has  cooperated  fully  with the SEC staff.  The  inquiry is in a
preliminary stage and the Company cannot predict its potential outcome.

     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

     In May 2000,  the Company  entered into an agreement for the  settlement of
the class action lawsuit naming the Company,  certain of its officers and former
officers and various third  parties as  defendants.  The complaint  alleged 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.  Under  the  settlement
agreement,  reflected  in a  memorandum  of  understanding  and  Stipulation  of
Settlement,  all claims  against  the  Company  and other  defendants  are to be
dismissed without  presumption or admission of any liability or


                                       6
<PAGE>


wrongdoing.  The principal terms of the settlement agreement call for payment to
the plaintiffs,  for the benefit of the class,  of the sum of $3.4 million.  The
settlement  amount  will be  paid in its  entirety  by the  Company's  insurance
carrier and is not expected to have any material impact on the financial results
of the  Company.  The terms of the  settlement  are  subject to  approval by the
Court.

     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.

7. Income Taxes

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

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
circumstances  could differ  materially  from those set forth in such statements
due to various  factors.  Such factors  include risks  relating to the Company's
history of 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, 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
manufactures and markets its proprietary  intra-oral digital radiography system.
The  Company has also  developed a bone  mineral  density  assessment  device to
assist in the diagnosis and treatment of  osteoporosis,  which was introduced in
December 1997. The Company has also commenced  development of a general  digital
radiography device for intended use in various applications.

Results of Operations

     Net revenues for the three months ended  September 30, 2001  increased $1.4
million  (41%) to $4.8 million from $3.4  million for the  comparable  period in
fiscal 2001. The increase is due to increased  sales of the CDR (R)  radiography
product and to increased sales of CDR (R)  warranties.  In the second quarter of
fiscal 2002,  accuDEXA  sales  increased  $0.1 million to $0.2 million from $0.1
million for the comparable  period in fiscal 2001.  CDR product sales  increased
$1.1 million (48%) to $3.4 million (71% of


                                       7
<PAGE>


the  Company's  net  revenues) as compared to $2.3 million (68% of the Company's
net revenues) for the  comparable  period in fiscal 2001.  The Company  believes
that this increase was due to increases in CDR sales by Patterson Dental Company
("Patterson"),  its exclusive dealer for CDR in North America.  Patterson became
the Company's  exclusive  domestic dealer in May 2000. The Company believes that
sales  increases  are a result of  Patterson  becoming  more  familiar  with its
products. CDR (R) warranty revenue for the three months ended September 30, 2001
increased  $0.2  million  (23%)  to  $1.3  million  from  $1.1  million  for the
comparable  period in fiscal 2001.  The Company  believes that this increase was
due primarily to improvements made in the implementation of its product warranty
programs,    including   policy   enforcement   and   timely   notification   of
warranty-coverage  expirations.  Net revenues for the six months ended September
30, 2001  increased $1.0 million (10%) to $10.7 million from $9.7 million during
the comparable period in fiscal 2001 for the reasons described above.

     Total cost of sales for the three months ended September 30, 2001 decreased
$0.6 million  (27%) to $1.8 million (36% of net revenue)  from $2.4 million (71%
of net revenue) for the  comparable  period in fiscal 2001.  The decrease in the
relative total cost of sales is due to several  factors  including  lower direct
and indirect  labor costs,  warranty  expenditures,  material costs and overhead
costs as a  result  of  increased  manufacturing  efficiency.  The  Company  had
increased its provision for excess and obsolete  inventory  $0.6 million  during
fiscal  2001.  Total  cost of sales for the six months end  September  30,  2001
decreased  $1.4 million (26%) to $4.1 million (38% of revenue) from $5.5 million
(57% of  revenue)  for the  comparable  period  in fiscal  2001 for the  reasons
described above.

     Selling and  marketing  expenses for the three months ended  September  30,
2001  increased $0.1 million (7%) to $1.3 million (27% of net revenue) from $1.2
million  (36% of net  revenue) for the  comparable  period of fiscal 2001.  This
increase is principally  attributable  to payroll and travel expense  increases,
which were partially offset by reductions in advertising.  Selling and marketing
expenses for the six months ended September 30, 2001 decreased $0.2 million (8%)
to $2.6 million (25% of net revenue)  from $2.8 million (30% of net revenue) for
the comparable  period in fiscal 2001. The decrease is principally  attributable
to reductions in advertising expense.

     General and  administrative  expenses for the three months ended  September
30, 2001, decreased $0.4 million (28%) to $0.9 million (16% of net revenue) from
$1.3 million (38% of net revenue) for the comparable  period of fiscal 2001. The
decrease in general and administrative  expenses was primarily attributable to a
decrease in payroll and related costs, taxes and professional services.  General
and administrative expense for the six months ended September 30, 2001 decreased
$0.5 million  (22%) to $1.9 million (18% of net revenue)  from $2.4 million (25%
of net  revenue)  for the  comparable  period  in  fiscal  2001 for the  reasons
described above.

     Research and development  expenses for the three months ended September 30,
2001  remained  unchanged  at $0.5 million (11% and 16% of net revenue in fiscal
2002 and 2001,  respectively).  Research  and  development  expenses for the six
months ended September 30, 2001 remained  unchanged at $1.1 million (10% and 12%
of net revenue in fiscal 2002 and 2001, respectively).

     Interest  expense for the three months ended  September 30, 2001  increased
$0.3 million (151%) to $0.5 million from $0.2 million for the comparable  period
in fiscal 2001. The increase is  attributable to the July 2001 prepayment of the
$1 million secured credit facility which had been provided by Greystone  Funding
Corporation  and the resulting  write off of unamortized  discounts and deferred
finance charges of $0.4 million related to the prepayment.  Interest expense for
the six months ended  September  30, 2001  increased  $0.2 million (69%) to $0.8
from $0.6  million  for the  comparable  period in  fiscal  2001 for the  reason
described above.

     As a result of the above items, the Company's operating results improved to
a net loss of $0.3  million for the three  months  ended  September  30, 2001 as
compared to a net loss of $2.3 million for the comparable period of fiscal 2001.
Excluding the non-cash  charges relating to the repayment of the Greystone Loan,
the Company earned a proforma profit of $0.1 million for the three months ending
September 30, 2001. The Company's  operating results improved to a net income of
$0.4  million for the six months ended  September  30, 2001 as compared to a net
loss of $2.8 million for the comparable period in


                                       8
<PAGE>


fiscal 2001.  Excluding  the non-cash  charges  relating to the repayment of the
Greystone Loan, the Company earned a proforma profit of $0.8 million for the six
months ending September 30, 2001.

     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 Standards
No. 144,  "Accounting  for the  Impairment  or Disposal of  Long-Lived  Assets",
("SFAS  144").  This  statement is effective  for fiscal years  beginning  after
December 15, 2001.  This statement  supercedes SFAS 121, while retaining many of
the  requirements  of such  statement.  The Company is currently  evaluating the
impact this may have.

Liquidity and Capital Resources

     At  September  30,  2001,  the  Company  had $1.2  million in cash and cash
equivalents and a working capital  deficiency of $2.0 million,  compared to $2.2
million  in  cash  and  cash  equivalents  and a $1.6  million  working  capital
deficiency at March 31, 2001.

     During the six months ended  September 30, 2001 cash provided by operations
was $2.0 million  compared to $0.7 million  used in  operations  in fiscal 2001.
Increases in cash were primarily provided by improved operating performance. The
Company's capital  expenditures  increased $0.5 million in fiscal 2002 from $0.1
in  fiscal  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 $2.4  million in repayment of its debt during the six months ended
September 30, 2001.

     DVI  Financial  Services,  Inc.  ("DVI")  has  provided  the  Company  with
financing  evidenced by 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 (8% at September 30, 2001) plus
2.5%. In connection  with the DVI loan, the Company  prepaid $750 of outstanding
principal  during the first quarter of fiscal 2002.  Effective  August 28, 2000,
DVI sold all its right,  title and interest in the  warrants  and DVI Notes,  to
Greystone Funding Corporation ("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 Greystone  Amended Loan  Agreement,  together with all unpaid  accrued
interest  thereunder,  and concurrently  terminated said Amended Loan Agreement.
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
termination of the Amended 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


                                       9
<PAGE>


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.

     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.

     Effective  May 1, 2000 the Company  entered into an exclusive  distribution
agreement with Patterson Dental Company  ("Patterson").  Under the terms of this
agreement  the  Company  discontinued  all direct  domestic  sales of its dental
products, with the exception of those to governmental agencies and universities.
As a result of the  agreement,  the Company  further  reduced  its sales  force.
Remaining   domestic   sales    representatives    have   become    manufacturer
representatives  charged with support of the Patterson sales effort. The Company
terminated  all existing  dealer  agreements  including its agreement with Henry
Schein,   Inc.  In  fiscal  2001,  the  Company  entered  into  several  foreign
distributorship agreements.

     The Company  believes that its cost  reductions,  refinancing and new sales
arrangement should permit the Company to generate  sufficient working capital to
meet its obligations as they mature. The ability of the Company to meet its cash
requirements is dependent,  in part, on the Company's ability to attain adequate
sales and profit levels and to satisfy its existing 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
existing capital  resources are adequate to meet its current cash  requirements.
Additionally,  Management is currently  evaluating  the Commitment and exploring
supplemental  and  alternative  financing  sources.  However,  there  can  be no
assurance  that such  financing  will be  available on terms  acceptable  to the
Company or that the Company's cash needs will not be greater than anticipated.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk

     The DVI term  notes  bear an annual  interest  rate based on the prime rate
plus 2.5%,  provided however,  that if any payments to DVI 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 names
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.


                                       10
<PAGE>


     On May 23, 2000,  the Company  entered into an agreement in principle  with
the plaintiffs for the settlement of the class action lawsuit, as reflected in a
Memorandum of  Understanding.  On June 5, 2001, a Stipulation  of Settlement was
executed,  under  which  all  claims  against  the  Company  and the  Individual
Defendants are to be dismissed without presumption or admission of any liability
or wrongdoing.  The principal terms of the settlement agreement call for payment
to the Plaintiffs, for the benefit of the class, of the sum of $3.4 million. The
settlement  amount  will be  paid in its  entirety  by the  Company's  insurance
carrier and is not expected to have any material impact on the financial results
of the Company. The settlement is 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
for interim periods of fiscal 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  has  provided  the SEC with the  subpoenaed
materials  and has  cooperated  fully  with the SEC staff.  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

         Not Applicable.

Item 5. Other Information

         Not Applicable.

Item 6. Exhibits and Reports on Form 8-K

     (a)  Exhibits

         None

     (b)  Reports on Form 8-K

         None


                                       11
<PAGE>


                           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: October 30, 2001                    By: /S/ David Schick
                                          David B. Schick
                                          Chief Executive Officer

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



                                       12