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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 June 30, 1999.

                                       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
     incorporation or organization)                      Identification Number)

         31-00 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 [  ] No [X]

As of March 14,  2000,  10,136,113  shares of common  stock,  par value $.01 per
share, were outstanding.

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<PAGE>


                            SCHICK TECHNOLOGIES, INC.

                                TABLE OF CONTENTS


<TABLE>
<CAPTION>
PART I.  FINANCIAL INFORMATION:

<S>           <C>                                                                            <C>
     Item 1.  Financial Statements:

              Consolidated Balance Sheets as of June 30, 1999 and
              March 31, 1999 ............................................................    Page 1

              Consolidated Statements of Operations for the three
              months ended June 30, 1999 and 1998 .......................................    Page 2

              Consolidated Statements of Cash Flows for the three
              months ended June 30, 1999 and 1998  ......................................    Page 3

              Notes to Consolidated Financial Statements  ...............................    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 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 12

     Item 6.  Exhibits and Reports on Form 8-K...........................................    Page 12

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

EXHIBIT 27    ...........................................................................    Page 14
</TABLE>


<PAGE>



PART I.  Financial Information
Item 1.  Financial Statements

                            Schick Technologies, Inc.
                           Consolidated Balance Sheets
                      (in thousands, except share amounts)

<TABLE>
<CAPTION>
                                                                        June 30,   March 31,
                                                                            1999        1999
                                                                            ----        ----
                            Assets
<S>                                                                     <C>         <C>
Current assets
       Cash and cash equivalents                                        $  1,451    $  1,415
       Short-term investments                                                 --         360
       Accounts receivable, net of allowance for doubtful accounts of
         $4,102 and $4,512 respectively                                    2,931       4,205
       Inventories                                                         9,004      10,686
       Income taxes receivable                                               392       2,720
       Prepayments and other current assets                                  270         321
                                                                        --------    --------
                    Total current assets                                  14,048      19,707
Equipment, net                                                             6,751       7,221
Investments                                                                1,250       1,250
Other assets                                                                 971       1,208
                                                                        --------    --------
                    Total assets                                        $ 23,020    $ 29,386
                                                                        ========    ========

Liabilities and Stockholders' Equity
Current liabilities
       Accounts payable and accrued expenses                            $  6,935    $  8,946
       Bridge note payable                                                 5,000       5,000
       Accrued salaries and commissions                                      856       1,296
       Deferred revenue                                                      502         564
       Deposits from customers                                               702         513
       Warranty obligations                                                  359         402
       Capital lease obligations, current                                     86          84
                                                                        --------    --------
                    Total current liabilities                             14,440      16,805
Capital lease obligations                                                     21          45
                    Total liabilities                                     14,461      16,850
                                                                        --------    --------
Commitments and contingencies
Stockholders' equity
       Preferred stock ($.01 par value; 2,500,000
           Shares authorized, none issued and outstanding)                    --          --
       Common stock ($.01 par value; 25,000,000 shares authorized:
           10,059,384 shares issued and outstanding)                         101         101
       Additional paid-in capital                                         41,236      41,236
       Accumulated deficit                                               (32,778)    (28,801)
                                                                        --------    --------
                    Total stockholders' equity                             8,559      12,536
                                                                        --------    --------

                    Total liabilities and stockholders' equity          $ 23,020    $ 29,386
                                                                        ========    ========
</TABLE>

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


                                       1
<PAGE>


Schick Technologies, Inc.
Consolidated Statements of Operations
(In thousands, except share amounts)
                                                                Three months
                                                                ------------
                                                                Ended June 30
                                                             1999          1998
                                                         --------      --------

Revenues, net                                            $  7,238      $ 10,439
                                                         --------      --------
Cost of sales                                               5,264         5,636
Excess and obsolete inventory                                 498            --
                                                         --------      --------
Total cost of sales                                         5,762         5,636
                                                         --------      --------
              Gross profit                                  1,476         4,803
                                                         --------      --------

Operating expenses
              Selling and marketing                         2,778         3,938
              General and administrative                    1,710         1,275
              Research and development                        884         1,033
              Bad debt expense                                 --           456
                                                         --------      --------
              Total operating expenses                      5,372         6,702
                                                         --------      --------
              Loss from operations                         (3,896)       (1,899)

Other (expense) income
              Interest income                                  13           243
              Interest expense                                (94)           --
                                                         --------      --------
              Total other (expense) income                    (81)          243
                                                         --------      --------
              Loss before income taxes                     (3,977)       (1,656)
              Provision for income taxes                       --            35
                                                         --------      --------
              Net loss                                   $ (3,977)     $ (1,691)
                                                         ========      ========
              Basic and diluted loss per share           $  (0.40)     $  (0.17)
                                                         ========      ========


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





                                       2
<PAGE>


Schick Technologies, Inc.
Consolidated Statement of Cash Flows
(In thousands, except share amounts)
<TABLE>
<CAPTION>
                                                                    Three months ended
                                                                     ------------------
                                                                           June 30
                                                                       1999       1998
                                                                       ----       ----
<S>                                                                 <C>        <C>
Cash flows from operating activities
      Net loss                                                      $(3,977)   $(1,691)
      Adjustments to reconcile net loss to
         net cash used in operating activities
          Depreciation and amortization                                 550        431
          Provision for excess and obsolete inventory                   498         --
          Provision for doubtful accounts                                --        456
          Accrued interest on investments                                --       (182)
          Changes in assets and liabilities
              Accounts receivable                                     1,274      1,152
              Inventories                                             1,184     (2,871)
              Income tax receivable                                   2,328       (775)
              Prepayments and other current assets                       51        216
              Other assets                                              224        (96)
              Deferred income taxes                                      --        349
              Accounts payable and accrued expenses                  (2,451)      (732)
              Income taxes payable                                       --       (144)
              Deferred revenue                                          (62)       (23)
              Deposits from customers                                   189        111
              Warranty obligations                                      (43)        --
                                                                    -------    -------

              Net cash used in operating activities                    (235)    (3,799)
                                                                    -------    -------

Cash flows from investing activities
      Purchases of held-to-maturity investments                          --     (1,196)
      Proceeds from maturities of held-to-maturity investments          360      1,466
      Capital expenditures                                              (67)    (1,043)
                                                                    -------    -------

              Net cash (used in) provided by investing activities       293       (773)
                                                                    -------    -------

Cash flows from financing activities
      Proceeds from exercise of common stock options                     --          4
      Principal payments of capital lease obligations                   (22)        --
                                                                    -------    -------

              Net cash provided by (used in) financing activities       (22)         4
                                                                    -------    -------

Net increase (decrease) in cash and cash equivalents                     36     (4,568)
Cash and cash equivalents at beginning of period                      1,415      6,217
                                                                    -------    -------
Cash and cash equivalents at end of period                          $ 1,451    $ 1,649
                                                                    =======    =======
</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 generally  accepted  accounting
principles 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 generally
accepted  accounting  principles  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, 1999 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 months ended June 30,
1999, are not necessarily  indicative of the results to be expected for the full
year ending March 31, 2000.

     The  consolidated  financial  statements of the Company,  at June 30, 1999,
include  the  accounts of the Company  and its wholly  owned  subsidiaries.  All
significant intercompany balances have been eliminated.

     During the quarter  ending June 30,  1999,  the Company  continued to incur
operating  losses  and has a  deficiency  in  working  capital.  In spite of the
Company's cost reductions, refinancing and tightening of credit, there can be no
assurance  that the Company will achieve  profitability  or generate  sufficient
working capital to permit its  continuation  as a going concern.  The ability of
the  Company  to  satisfy  its cash  requirements  is  dependent  in part on the
Company's  ability to attain  adequate  sales and  profit  levels and to control
warranty  obligations  by  increasing  warranty  revenues and reducing  warranty
costs,  and to collect its accounts  receivable  on a timely  basis.  Management
currently believes that existing capital  resources,  which have been diminished
as a result of losses in fiscal 1999 and the first three  months of fiscal 2000,
and sources of credit,  including the Greystone credit facility, are adequate to
meet its current cash  requirements.  However,  if the Company's  cash needs are
greater than  anticipated,  the  restructuring of the bridge note payable is not
completed  or the  Company  does  not  satisfy  drawdown  conditions  under  the
Gerystone  credit  facility,  the Company will be required to seek additional or
alternative  financing  sources.  There can be no assurance  that such financing
will be available or available on terms acceptable to the Company.

2.   Inventories

     Inventories  at June 30,  1999 and  March  31,  1999 are  comprised  of the
following:
<TABLE>
<CAPTION>
                                                     June 30, 1999         March 31, 1999
                                                     -------------         --------------
<S>                                                      <C>                   <C>
Raw materials........................................    $ 3,178               $ 3,657
Work-in-process......................................      7,869                 7,598
Finished goods.......................................      3,893                 4,897
Reserve for slow moving/obsolete.....................     (5,936)               (5,466)
                                                         -------               -------
            Total inventories........................    $ 9,004              $ 10,686
                                                         =======               =======
</TABLE>

3.   Loss Per Share

     The  computation  of basic and diluted  loss per share for the three months
ended June 30, 1999 and 1998 are as follows:

                                                   Three months ended June 30,
                                                   ---------------------------
                                                        1999           1998
                                                        -----          -----
Net loss available to common  stockholders ...    $      (3,977)    $    (1,691)
                                                  =============     ===========

Weighted average shares outstanding
   for basic and diluted loss per share ......       10,059,384       9,992,477
                                                  =============     ===========

Basic and diluted loss per share .............    $       (0.40)    $     (0.17)
                                                  =============     ===========


                                       4
<PAGE>


4.   Commitments and Contingencies

Employment Agreements

     On or subsequent to December 31, 1999 the Company  entered into  employment
agreements with four executive  officers.  These agreements  provide for monthly
base salaries which, when annualized,  aggregate $710 in executive  compensation
and for benefits.  In addition,  certain of the Company's agreements provide for
the  issuance of common stock and/or  common  stock  options to the  executives,
which  generally  vest  ratably  over the term of the  agreements  (2-3  years).
Additionally,  certain  executives  may earn bonus  compensation  based upon the
specific terms of the respective agreements, as defined.

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 liability 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.
The SEC has made a voluntary  request for the  production of certain  documents.
The  Company  intends to  cooperate  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 employees,  apparently in
connection with the same event. The inquiries are in a preliminary stage and the
Company cannot predict their potential outcome.

Litigation

     During fiscal 1999,  several  shareholder  class action lawsuits were filed
against the  Company.  In May 1999,  a  consolidated  and amended  class  action
complaint  was filed  naming the  Company,  certain of its  officers  and former
officers and various third  parties as  defendants.  The complaint  alleges that
certain  defendants  issued  false  and  misleading  statements  concerning  the
Company's  publicly  reported  earnings in violation  of the federal  securities
laws. The complaint seeks  certification of a class of persons who purchased the
Company's  common stock  between July 1, 1997 and February 19, 1999,  inclusive,
and does not specify the amount of damages sought. The Company intends to defend
itself vigorously against such allegations and believes the claims to be without
merit. As these actions are in their preliminary  stages,  the Company is unable
to predict the ultimate  outcome of these claims.  The outcome,  if unfavorable,
could have a material  adverse  effect on the financial  position and results of
operations of the Company.

     During  1996,  the Company was named as  defendant  in patent  infringement
litigation  commenced  by a  competitor  in the United  States and  France.  The
Company is vigorously defending itself against such allegations and believes the
claims to be without  merit.  The  Company has filed a  countersuit  against the
competitor for infringement of a U.S. Patent which has been exclusively licensed
to the  Company.  The  Company  has  obtained a formal  opinion of  intellectual
property  counsel  that its products do not  infringe on the  competitor's  U.S.
patent. The Company has filed motions for Summary Judgment seeking the dismissal
of the action in the United  States.  Such motions are  currently  pending.  The
Company is unable to  predict  the  ultimate  outcome  of this  litigation.  The
outcome,  if unfavorable,  could have a material adverse effect on the financial
position and results of  operations  of the Company.  No provision has been made
for any  potential  losses at June 30, 1999 as the range of potential  loss,  if
any, cannot be reasonably estimated.

     During  1997,  the Company was named as a  defendant  in patent  litigation
involving a patent directed to a display system for digital dental  radiographs.
In July 1997 the  Company  reached a  settlement  under which it paid $600 for a
world wide,  non-exclusive  license for the patent. The license fee was expensed
during 1998.


                                       5
<PAGE>


     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.

5.   Subsequent Events

Investment in Photobit Corporation

     In September  1997,  the Company  purchased a minority  interest of 5%, for
$1,000,  in Photobit  Corporation,  a  developer  of  complementary  metal-oxide
semiconductor  ("CMOS"),  APS  imaging  technology.  In July 1998,  the  Company
invested  an  additional  $250  in  Photobit  Corporation,  bringing  its  total
investment in Photobit to $1,250.  The Company is the exclusive  licensee of the
APS  technology  for medical  applications  and utilizes the  technology  in its
bone-mineral  density  assessment device and certain  components of its computed
dental x-ray  imaging  system.  The Company  carries the  investment at cost. In
September 1999, the Company sold 250,000 shares of Photobit stock for $1,000 and
recorded an investment gain of approximately $565.

Bridge Note Payable

     Effective  July 30, 1999,  the Company  secured an extension to the secured
promissory  note it initially  issued in March 1999 for $5,000.  Pursuant to the
amended and restated  note,  the  principal of the note was increased to $6,222.
The increase in the principal  amount  resulted  from the  conversion of certain
trade payables owed to the third party lender into the principal  balance of the
note. The amended and restated note bears interest at the rate of prime plus two
and one-half percent per annum.  Interest on the note is payable monthly and the
note is secured by the Company's  tangible and intangible  assets. The principal
is payable in quarterly installments of $1,000 commencing December 31, 1999. The
Company is also required to make additional  principal  payments equal to 25% of
the net proceeds of any equity or debt financing or asset sale (other than sales
of inventory in the ordinary  course of business) to the extent that 25% of such
proceeds exceeds the $1,000 principal  installment due at the end of the quarter
in which the  financing  or asset  sale is  completed.  In  connection  with the
amended  and  restated  note,  the  Company  issued  650,000   warrants  to  the
note-holder.  The warrants are  exercisable for a period of 5 years and each has
an  exercise  price of $2.19.  The  Company is not in  compliance  with  certain
financial  covenants,  and other terms and provisions  contained in the extended
bridge loan and is currently in the process of restructuring the obligation.

NASDAQ Delisting

     On September 15, 1999, the Company received notice from the Nasdaq Listings
Qualifications  Panel  that its  common  stock  would no longer be listed on the
Nasdaq  National  Market  effective  with the close of business on September 15,
1999. The panel's action was based on the Company's inability to timely file its
Annual  Report on Form 10-K for the fiscal  year ended March 31, 1999 and public
interest  concerns  regarding  the  Company's  revenue   recognition  and  sales
practices.

Greystone Funding Corporation

     In December  1999,  the Company  entered into a Loan  Agreement  (the "Loan
Agreement") with Greystone  Funding  Corporation  ("Greystone") to provide up to
$7.5  million of  subordinated  debt in the form of a secured  credit  facility.
Pursuant  to the Loan  Agreement,  and to induce  Greystone  to enter  into said
Agreement,  the  Company  issued to  Greystone  and its  designees,  warrants to
purchase  3,000,000 shares of the Company's Common Stock at an exercise price of
$0.75 per share.  The  Company  agreed to issue to  Greystone  or its  designees
warrants to  purchase an  additional  2,000,000  shares at an exercise  price of
$0.75 per share in connection  with a cash payment of $1 million by Greystone to
the  Company in  consideration  of a sale of  Photobit  stock by the  Company to
Greystone.  The sale of the Photobit  stock was made subject to a right of first
refusal held by Photobit and its  founders.  By letter dated  February 17, 2000,
counsel for Photobit informed the Company that Photobit considers the


                                       6
<PAGE>


Company's  sale of its  shares  to  Greystone  to be void  on the  basis  of the
Company's  purported  failure to properly comply with Photobit's  right of first
refusal.

     On March 17, 2000,  the Company and  Greystone  entered into an Amended and
Restated  Loan  Agreement  effective as of December 27, 1999 (the  "Amended Loan
Agreement")  pursuant to which Greystone agreed to provide up to $7.5 million of
subordinated debt in the form of a secured credit facility.  The $1 million cash
payment to the Company  was  converted  as of December  27, 1999 into an initial
advance of $1 million under the Amended Loan Agreement.  Pursuant to the Amended
Loan  Agreement,  and to induce  Greystone  to enter  into said  Agreement,  the
Company  issued  warrants to Greystone  and its  designees,  consisting of those
warrants  previously  issued  under the Loan  Agreement,  to purchase  5,000,000
shares of the  Company's  Common Stock at an exercise  price of $0.75 per share,
exercisable  at any time  after  December  27,  1999.  Under  the  Amended  Loan
Agreement,  the Company also issued to Greystone or its designees  warrants (the
"Additional  Warrants")  to purchase an additional  13,000,000  shares of common
stock,  which Additional  Warrants will vest and be exercisable at a rate of two
shares of Common Stock for each dollar advanced under the Amended Loan Agreement
in excess of the initial draw of $1 million.  Any  Additional  Warrants which do
not  vest  prior to  expiration  or  surrender  of the  line of  credit  will be
forfeited  and  canceled.  In  connection  with  the  Greystone  secured  credit
facility,  effective as of February 15, 2000, DVI Financial Services,  Inc., the
Company's  senior  lender,  consented to the  Company's  grant to Greystone of a
second  priority lien  encumbering  the Company's  assets,  under and subject in
priority and right of payment to all liens granted by the Company to DVI.


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  recent
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,
regulatory  approvals,  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 and
devices  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.  The  Company has also  developed  a bone  mineral
density assessment  device,  which was introduced in December of 1997, to assist
in the  diagnosis  of  osteoporosis.  The Company is also  developing  a digital
mammography  device,  and  has  commenced   development  of  a  general  digital
radiography device for intended use in various applications.

Results of Operations

     Net  revenues  for the three  months  ended June 30,  1999  decreased  $3.2
million (31%) to $7.2 million from $10.4 million during the comparable period of
fiscal  1999.  The  decrease in revenue is due to lower  sales of the  Company's
CDR(R) dental product and accuDEXA(TM) bone density  assessment  device.  Fiscal
2000 revenues were  negatively  affected by reduced  marketing  activity for the
Company's  products,  by reducing credit granting to select dealers,  hospitals,
universities  and  governmental  agencies  and,  the  Company  believes,  by the
negative  perception  that existed in the  marketplace  concerning the Company's
viability  and  long-term  ability to upgrade and service its  products.  In the
first quarter of fiscal 2000,  accuDEXA  represented  approximately $1.4 million
(19%) of the  Company's  net revenues  and CDR  represented  approximately  $5.8
million  (81%) of the  Company's  net revenues as compared to $3.2 million (31%)
and $7.2 million (69%) in the first quarter of fiscal 1999 for accuDEXA and CDR,
respectively.


                                       7
<PAGE>


     The rate of  returns  in fiscal  2000 for the  Company's  CDR and  accuDEXA
products  decreased  significantly  from that of 1999. The decreased return rate
for CDR is  believed  to be  attributable  to  several  factors,  including  the
following:  First,  during fiscal 1999, the Company resolved  certain  technical
problems in transitioning  its CDR product line from CCD sensors to APS sensors.
Shipments  of the  Company's  initial  version of its new APS sensor for the CDR
product,  which were  primarily  delivered  from April 1998 through August 1998,
exhibited a high failure rate and other  technical  problems during fiscal 1999.
The Company has provided for  replacements of systems shipped during this period
where  practical and provided for  anticipated  returns for units which were not
upgraded during fiscal 1999. In September 1998, the Company began shipping a new
version of the APS sensor  which has  exhibited  a lower  failure  rate than the
initial version.  Second,  the Company's single user CDR System requires minimal
installation.  Commencing in September 1998, the Company  initiated a program in
coordination  with its computer  supplier,  in which the supplier  installed all
single-user CDR Systems. As a result of logistical problems in implementing this
program, the supplier's installations  experienced significant delays, which led
to a higher than normal rate of return for single user  systems  shipped in this
period. Starting in January 1999, the Company resumed its original method of CDR
installation and has since experienced a reduced rate of return.

     The Company also  experienced  decreased rate of returns of accuDEXA units.
The Company  believes the  decrease in such  returns is due to several  factors,
including the following: First, early shipments of accuDEXA experienced a higher
than  normal  failure  rate due to  shipping  damage,  as well as  humidity  and
temperature  sensitivity  of several  components  in the  initial  design of the
product.  The Company took steps to address  these  problems  and believes  that
failure   rates   relating  to  such  damage  and   sensitivity   have   dropped
significantly.  In this  regard,  the Company  currently  expects to implement a
number of additional  improvements to accuDEXA, to further increase reliability,
in the first half of fiscal 2001.  Second, the Company initiated a change in its
sales policy which affected  accuDEXA sales made from May 1998 through  November
1998.  During this time, the Company waived its customary 10% deposit charged to
customers  prior to shipment of goods. In December 1998, the Company changed its
credit policy requiring prepayment from non-dealer customers.

     Total cost of sales for the three months ended June 30, 1999 increased $0.2
million (2%) to $5.8 million (80% of net revenue)  from $5.6 million (54% of net
revenue) from the  comparable  period of fiscal 1999. The increase in total cost
of sales is  primarily  due to an  increase  in the  provision  for  excess  and
obsolete  inventory  of $0.5  million  resulting  from  changes  in  technology,
including  sensors,  cameras  and  associated  electronics,  and  the  Company's
phaseout of production of its CCD sensors (as well as its first  generation  APS
Sensors)  in favor of its new APS  sensors,  offset in part by lower  direct and
indirect labor costs, warranty  expenditures,  material costs, royalty costs and
overhead costs as a result of decreased  revenues in the period.  The decline in
revenues  resulted  in a decline in the gross  profit  percentage  from 46.0% in
fiscal 1999 to 20.4% in fiscal 2000. In January 1999, in an effort to streamline
operations and reduce expenses, and as a result of more efficient  manufacturing
processes  and a higher  rate of  outsourcing,  the  Company  reduced its direct
manufacturing  labor force from 101 to 64 employees and relocated the operations
of its  wholly-owned  subsidiary,  Schick  X-Ray  Corp.,  from its  facility  in
Roebling,  New Jersey to the  Company's  headquarters  in Long Island City,  New
York. In August 1999, Schick X-Ray was dissolved and its operations  absorbed by
the Company.

     Selling & Marketing  expenses  for the three  months  ended June 30,  1999,
decreased  $1.1 million  (29%) to $2.8  million  (38% of net revenue)  from $3.9
million  (38% of net  revenue) for the  comparable  period of fiscal  1999.  The
decrease was  primarily due to decreases in direct  selling  expenses in the CDR
and accuDEXA product lines, trade show expenses and other marketing expenses. In
January 1999, the Company  further reduced its direct sales force as a result of
decreased revenues.

     General and  administrative  expenses  for the three  months ended June 30,
1999,  increased  $0.4 million  (34%) to $1.7 million (24% of net revenue)  from
$1.3 million (12% of net revenue) for the comparable  period of fiscal 1999. The
increase in general and  administrative  expenses was primarily  attributable to
increases in professional  services  rendered in connection with the restatement
of the Company's interim financial statements for fiscal 1999.

     Research and development expenses for the three months ended June 30, 1999,
decreased  $0.1 million  (14%) to $0.9  million  (12% of net revenue)  from $1.0
million  (10% of net  revenue) for the  comparable  period of fiscal  1999.  The
decrease is primarily  attributable  to a decrease in payroll and related  costs
due to a reduction in personnel  partially  offset by increases in test services
and supply expenses.

     Interest  income  decreased  to $13 thousand in the three months ended June
30, 1999 from $243 thousand in the


                                       8
<PAGE>


comparable  period of fiscal 1999.  The decrease is  attributable  to lower cash
balances and  investments in short-term  interest-bearing  securities  that were
purchased with the proceeds of the Company's July 1997 Initial Public  Offering.
Interest  expense of $94  thousand for the three month period ended June 30,1999
was principally attributable to the bridge note payable.

Liquidity and Capital Resources

     At June 30, 1999, the Company had $1.5 million in cash and cash equivalents
and a working  capital  deficiency  of $.4 million,  compared to $1.4 million in
cash and cash  equivalents,  $360  thousand in short-term  investments  and $2.9
million in working capital at March 31, 1999. The decrease in working capital is
primarily  attributable  to the loss from  operations for the three months ended
June 30,  1999.  Ongoing  losses in fiscal  2000 have  further  reduced  working
capital.

     During the three months ended June 30, 1999,  cash used in  operations  was
$235 thousand  compared to $3.8 million used in operations during the comparable
period of fiscal  1999.  The  decrease in cash used in  operations  is primarily
attributable to decreases in the Company's inventory, accounts receivable levels
and refunded income taxes.  Accounts  receivable  decreased from $4.2 million at
March 31,  1999 to $2.9  million at June 30, 1999 due to lower rates of sale and
limiting the availability of credit to select dealers,  hospitals,  universities
and governmental  agencies. The decrease in inventory of $1.7 million from $10.7
million  at  March  31,  1999 to $9.0  million  at June  30,  1999 is  primarily
attributable to utilization of raw materials in manufacturing activities and the
increase in the Company's reserve for the slow moving and obsolete inventory.

     The Company's capital expenditures during the three-month period ended June
30,  1999  were  in the  amount  of $67  thousand.  Such  expenditures  included
leasehold improvements, computers, and production equipment.

     DVI Financial  Services,  Inc.  ("DVI") has provided the Company with loans
and advances up to $6.2 million in the aggregate (the "Bridge  Loan"),  which is
secured by first priority liens on collateral (the  "Collateral")  consisting of
all of the Company's  now-owned and  hereafter-acquired  tangible and intangible
personal property including,  without limitation,  cash, marketable  securities,
accounts  receivable,   inventories,   contract  rights,  patents,   trademarks,
copyrights and other general intangibles,  machinery, equipment and interests in
real estate of the Company,  together with all products and proceeds thereof. In
connection  with  the  Bridge  Loan,  and  reflecting  the  Company's  repayment
obligations  thereunder as well as the security  interest created thereby in the
Collateral,  the  Company  executed  a Secured  Promissory  Note and a  Security
Agreement  (the  "Security  Agreement")  dated January 25, 1999, and executed an
Amended and Restated  Secured  Promissory Note dated July 30, 1999. The Security
Agreement provides, in part, that the Company may not permit the creation of any
lien or encumbrance on the Company's  property or assets.  The Company is not in
compliance  with  certain  financial  covenants  and other terms and  provisions
contained in the Bridge Loan. The Company and DVI have entered into a commitment
letter for the restructuring of its Bridge Loan.

     In December  1999,  the Company  entered into a Loan Agreement (as amended,
the "Loan  Agreement")  with  Greystone  Funding  Corporation  ("Greystone")  to
provide up to $7.5 million of subordinated  debt in the form of a secured credit
facility.  Pursuant to the Loan Agreement, and to induce Greystone to enter into
said Agreement,  the Company issued to Greystone and its designees,  warrants to
purchase  3,000,000  shares of Company's  Common  Stock at an exercise  price of
$0.75 per share.  The  Company  agreed to issue to  Greystone  or its  designees
warrants to  purchase an  additional  2,000,000  shares at an exercise  price of
$0.75 per share in connection  with a cash payment of $1 million by Greystone to
the  Company in  consideration  of a sale of  Photobit  stock by the  Company to
Greystone.  The sale of the Photobit  stock was made subject to a right of first
refusal held by Photobit and its  founders.  By letter dated  February 17, 2000,
counsel for Photobit informed the Company that Photobit  considers the Company's
sale  of its  shares  to  Greystone  to be void on the  basis  of the  Company's
purported failure to properly comply with Photobit's right of first refusal.

     On March 17, 2000,  the Company and  Greystone  entered into an Amended and
Restated  Loan  Agreement  effective as of December 27, 1999 (the  "Amended Loan
Agreement"),  which amended and restated the Loan  Agreement,  pursuant to which
Greystone agreed to provide up to $7.5 million of subordinated  debt in the form
of a secured  credit  facility.  The $1 million  cash payment to the Company was
converted  as of December 27, 1999 into an initial  advance of $1 million  under
the Amended Loan Agreement. Pursuant to the Amended Loan Agreement and to induce
Greystone to enter into said Agreement, the Company issued warrants to Greystone
and its designees, consisting of those warrants previously issued under the Loan
Agreement,  to purchase  5,000,000  shares,  of the Company's Common Stock at an
exercise  price of $0.75 per share,  exercisable  at any time after December 27,
1999.


                                       9
<PAGE>


Under the Amended  Loan  Agreement,  the Company also issued to Greystone or its
designees  warrants  (the  "Additional  Warrants")  to  purchase  an  additional
13,000,000  shares of common stock,  which Additional  Warrants will vest and be
exercisable  at a rate of two shares of Common  Stock for each  dollar  advanced
under the Amended  Loan  Agreement  in excess of the initial draw of $1 million.
Any  Additional  Warrants  which do not vest prior to expiration or surrender of
the line of credit  will be  forfeited  and  canceled.  In  connection  with the
Greystone  secured  credit  facility,  effective as of February  15,  2000,  DVI
consented  to the  Company's  grant  to  Greystone  of a  second  priority  lien
encumbering  the  Company's  assets,  under and subject in priority and right of
payment to all liens granted by the Company to DVI.

     The Company has also undertaken  various  cost-cutting  measures  including
reduction  of  facilities  and  personnel by over 40% from peak levels of fiscal
1999. The Company  discontinued  certain promotional programs which had resulted
in increased credit risk, and concomitantly  limited credit to selected domestic
dealers.  The Company  continues  efforts to improve its products and methods of
production and believes it has  strengthened  customer  support  services to its
customers.

     In spite of the Company's cost  reductions,  refinancing  and tightening of
credit, there can be no assurance that the Company will achieve profitability or
generate  sufficient  working  capital  to permit  its  continuation  as a going
concern.  The  ability  of the  Company  to  satisfy  its cash  requirements  is
dependent in part on the Company's  ability to attain  adequate sales and profit
levels and to control warranty  obligations by increasing  warranty revenues and
reducing warranty costs and to collect its account receivable on a timely basis.
Management  currently  believes that existing  capital  resources and sources of
credit,  including  the  Greystone  credit  facility,  are  adequate to meet its
current cash requirements. However, if the Company's cash needs are greater than
anticipated,  the  restructuring  of the DVI Bridge Loan is not completed or the
Company does not satisfy  drawdown  conditions under the Amended Loan Agreement,
the  Company  will be  required  to seek  additional  or  alternative  financing
sources.  There can be no  assurance  that such  financing  will be available or
available on terms acceptable to the Company.

Year 2000 Compliance

     The Year 2000  problem  is the  result of  computer  programs  having  been
written  using two digits  rather  than four to define the  applicable  year.  A
computer  program that has date  sensitive  software may  recognize a date using
"00" as the year 1900 rather than the year 2000.  Should systems fail to process
date  information  correctly  because  of the  calendar  year  change  to  2000,
significant  problems  could occur as a result.  Through the filing date of this
Report,  the Company has not experienced any material adverse effects  resulting
from or relating to the Year 2000 computer problem.

Item 3. Quantitative and Qualitative Disclosures About Market risk

     The DVI Bridge Loan bears an annual  interest  rate based on the prime rate
plus 2.5%. 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. The Company is a named  defendant in two lawsuits  instituted  by Trophy
Radiologie, S.A. (`Trophy S.A.'), a subsidiary of Trex Medical Corporation.  One
lawsuit was instituted in France and the other in the United States.

     The French  lawsuit was filed in November  1995,  in the tribunal de Grande
Instance de Bobigny,  the French patent court,  and originally  alleged that the
Company's  CDR(R)system  infringes French Patent No. 2,547,495,  European Patent
No. 129,451 and French Certificate of Addition No. 2,578,737. These patents, all
of which are  related,  are  directed to a CCD-based  intra-oral  sensor.  Since
filing its lawsuit,  Trophy S.A. has  withdrawn its  allegation of  infringement
with respect to the Certificate of Addition.  Trophy S.A. is seeking a permanent


                                       10
<PAGE>


injunction and  unspecified  damages,  including  damages for its purported lost
profits.  The  Company  believes  that  the  lawsuit  is  without  merit  and is
vigorously defending it.

     The  lawsuit in the United  States was filed in March 1996 by Trophy  S.A.,
Trophy  Radiology,  Inc., a United  States  subsidiary  of Trophy S.A.  ("Trophy
Inc.") and the named inventor on the patent in suit,  Francis  Mouyen,  a French
citizen.  The suit was  brought  in the  United  States  District  Court for the
Eastern  District of New York,  and alleges  that the  Company's  CDR(R)  system
infringes  United  States  Patent No.  4,593,400  (the `400  patent'),  which is
related to the patents in the French  lawsuit.  Trophy  S.A.,  Trophy  Inc.  and
Mouyen are seeking a permanent  injunction and  unspecified  damages,  including
damages for purported lost profits, enhanced damages for the Company's purported
willful  infringement  and an award of attorney fees. The Company  believes that
the  lawsuit is without  merit and is  vigorously  defending  it. The  Company's
counsel  in the United  States  suit has  issued a formal  opinion  that the CDR
system does not infringe the 400 patent.

     In addition,  the Company has counter-sued  Trophy S.A. and Trophy Inc. for
infringement of United States Patent No. 4,160,997,  an expired patent which was
exclusively  licensed to the Company by its inventor,  Dr. Robert Schwartz,  and
for false  advertising  and unfair  competition.  The Company  believes that its
counter-suit is meritorious, and is vigorously pursuing it.

     On September 12, 1997,  after having been given  permission to do so by the
Court, the Company served two motions for summary judgment seeking  dismissal of
the action pending in the United States District Court for the Eastern  District
of New York,  on the  grounds  of  non-infringement  and patent  invalidity.  On
February 22, 2000,  oral argument on these  motions was heard by the Court.  The
motions are currently pending.

     While the Company  believes such suits against it are without merit,  there
can be no assurance that the Company will be successful in its defense of any of
these actions,  or in its  counter-suit.  If the Company is  unsuccessful in its
defense of any of these  actions,  it could have a material  adverse effect upon
the Company. Moreover, regardless of their outcome, the Company may be forced to
expend  significant  amounts  of money in legal  fees in  connection  with these
lawsuits.

     II. 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 alleges, 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 seeks certification of a
class of persons who purchased  the Company's  Common Stock between July 1, 1997
and  February 19,  1999,  inclusive,  and does not specify the amount of damages
sought.

     The Company has retained counsel,  believes that these lawsuits are without
merit, and intends to vigorously defend them. On or about February 11, 2000, the
Company and the Individual  Defendants  filed a Motion to Dismiss the Complaint.
As these  actions  are in their  preliminary  stages,  the  Company is unable to
predict  their  ultimate  outcome.  The outcome,  if  unfavorable,  could have a
material adverse effect on the Company.

     III. 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.
The SEC has made a voluntary  request for the  production of certain  documents.
The  Company  intends to  cooperate  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 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


                                       11
<PAGE>


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

     (d) On July 7, 1997, the Company's initial public offering (the "Offering")
of 1,750,000  shares of its common stock,  $.01 par value per share (the "Common
Stock") closed. The Company's  registration  statement on Form S-1 (Registration
No. 333-33731) was declared effective by the Securities and Exchange  Commission
on  June  30,  1997.  As  part  of the  Offering,  the  Company  granted  to the
Underwriters  over-allotment  options to purchase up to 262,500 shares of Common
Stock  ("the  "Underwriters'  Option").  On  July  10,  1997,  the  underwriters
exercised the  Underwriters'  Option  purchasing  262,500 shares of Common Stock
from the Company.  The aggregate  offering  price of 2,012,500  shares of Common
Stock  registered  for the  account  of the  Company  pursuant  to the  Offering
(inclusive of the Underwriters' Option) was $37.2 million.

     The aggregate net proceeds received by the Company from the Offering and as
a  result  of  the  exercise  of  the  Underwriters'   Option,  after  deducting
underwriting and commissions and expenses were $33,508,731. During the period of
July 1, 1997  through  June 30,  1999,  such net  proceeds  have been applied as
follows:  (i) $1,606,000 for leasehold  improvements;  (ii) $5,248,000 for plant
and equipment;  (iii)  $1,450,000 to purchase  certain assets of Keystone Dental
X-Ray Corp.;  (iv)  $1,250,000 to purchase a 5% interest in Photobit,  Inc.; (v)
$1,512,833  to pay the notes  payable and  interest in the amount of $144,296 to
Merck & Co., Inc.; and (vii) the remaining  $22,442,000 was used in its entirety
for working  capital  purposes and to fund the Company's  substantial  operation
losses in fiscal 1999 and 2000. None of the net proceeds were paid,  directly or
indirectly, to directors,  officers,  controlling stockholders, or affiliates of
the Company.

Item 3.  Defaults Upon Senior Securities

     DVI Financial  Services,  Inc.  ("DVI") has provided the Company with loans
and advances up to  $6,222,000 in the aggregate  (the "Bridge  Loan"),  which is
secured by first priority liens on collateral consisting of all of the Company's
now-owned  and  hereafter-acquired  tangible and  intangible  personal  property
including, without limitation, cash, marketable securities, accounts receivable,
inventories,  contract rights, patents, trademarks, copyrights and other general
intangibles,  machinery,  equipment and interests in real estate of the Company,
together  with  all  products  and  proceeds  thereof.  The  Company  is  not in
compliance  with  certain  financial  covenants  and other terms and  provisions
contained in the Bridge Loan. The Company and DVI have entered into a commitment
letter for the restructuring of its Bridge Loan.

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

     (27)Financial Data Schedule (Filed in electronic format only)

(b) Reports on Form 8-K

     None


                                       12
<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: March 23, 2000                               By: /S/ David Schick
                                                   David B. Schick
                                                   Chief Executive Officer

                                                   By: /S/ Ronald Rosner
                                                   Ronald Rosner
                                                   Controller
                                                   (Principal Financial Officer)


                                       13