-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DBwOpj+HHMU4ya8/Gtqe/xy5J+VkCJwKM3KQNBB1RIcAD9OV7FLZiEpfqkWmgagI UsL1D0B4eyWOvESjT5AUbw== 0000755465-00-000008.txt : 20001016 0000755465-00-000008.hdr.sgml : 20001016 ACCESSION NUMBER: 0000755465-00-000008 CONFORMED SUBMISSION TYPE: 10QSB PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000229 FILED AS OF DATE: 20000414 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SANDATA INC CENTRAL INDEX KEY: 0000755465 STANDARD INDUSTRIAL CLASSIFICATION: 7374 IRS NUMBER: 112841799 STATE OF INCORPORATION: DE FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 10QSB SEC ACT: SEC FILE NUMBER: 000-14401 FILM NUMBER: 601619 BUSINESS ADDRESS: STREET 1: 26 HARBOR PARK DR CITY: PORT WASHINGTON STATE: NY ZIP: 11050 BUSINESS PHONE: 5164844400X215 MAIL ADDRESS: STREET 1: 26 HARBOR PARK DR CITY: PORT WASHINGTON STATE: NY ZIP: 11050 FORMER COMPANY: FORMER CONFORMED NAME: SDS INC DATE OF NAME CHANGE: 19870818 FORMER COMPANY: FORMER CONFORMED NAME: SANDSPORT DATA SERVICES INC DATE OF NAME CHANGE: 19870520 10-Q 1 10-Q U.S. SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 10-QSB (Mark One) [X] Quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period year ended February 29, 2000 [ ] Transition report under Section 13 or 15(d) of the Exchange Act For the transition period from to Commission file number 0-14401 SANDATA, INC. (Exact Name of Small Business Issuer as Specified in Its Charter) Delaware 11-2841799 (State or Other Jurisdiction of (IRS Employer Incorporation or Organization) Identification No.) 26 Harbor Park Drive, Port Washington, NY 11050 (Address of Principal Executive Offices) 516-484-9060 (Issuer's Telephone Number, Including Area Code) (Former Name, Former Address and Former Fiscal Year, if Changed Since Last Report) Check whether the issuer: (1) filed all reports required to be filed by Section 13 or 15(d) of the Exchange Act during the past 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 APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY PROCEEDINGS DURING THE PRECEDING FIVE YEARS Check whether the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Exchange Act after the distribution of securities under a plan confirmed by a court. Yes No APPLICABLE ONLY TO CORPORATE ISSUERS The number of shares outstanding of each of the issuer's classes of common equity, as of April 13, 2000 was 2,481,478 shares. Transitional Small Business Disclosure Format (check one): Yes No X INDEX Page PART I - FINANCIAL INFORMATION Item 1 - FINANCIAL STATEMENTS: CONSOLIDATED CONDENSED BALANCE SHEETS as of February 29, 2000 (unaudited) and May 31, 1999 3 UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS for the nine months ended February 29, 2000 and February 28, 1999 5 UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS for the nine months ended February 29, 2000 and February 28, 1999 6 NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS 7 Item 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION 12 PART II - OTHER INFORMATION 14 Item 1 - LEGAL PROCEEDINGS 14 Item 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS 14 Item 3 - DEFAULTS UPON SENIOR SECURITIES 14 Item 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS 14 Item 5 - OTHER INFORMATION 14 Item 6 - EXHIBITS AND REPORTS ON FORM 8-K 14 Sandata, Inc. and Subsidiaries CONSOLIDATED CONDENSED BALANCE SHEETS UNAUDITED AUDITED February 29, May 31, 2000 1999 ASSETS: CURRENT ASSETS Cash and cash equivalents $ 197,870 $ 1,533,576 Accounts receivable, net of allowance for doubtful accounts of $603,000 and $533,000 respectively 2,660,504 2,034,248 Receivables from affiliates 510,191 924,426 Other receivables 277,330 1,100,000 Inventories 32,728 29,307 Prepaid expenses and other current assets 490,335 485,455 TOTAL CURRENT ASSETS 4,168,958 6,107,012 FIXED ASSETS, NET 8,272,142 7,169,002 OTHER ASSETS Notes receivable 132,614 169,608 Cash surrender value of officer's life insurance, security deposits and other 803,743 775,557 TOTAL ASSETS $ 13,377,457 $ 14,221,179 See notes to consolidated condensed financial statements
Sandata, Inc. and Subsidiaries CONSOLIDATED CONDENSED BALANCE SHEETS UNAUDITED AUDITED February 29, May 31, 2000 1999 LIABILITIES AND SHAREHOLDERS' EQUITY: CURRENT LIABILITIES Accounts payable and accrued expenses $ 1,764,050 $ 3,022,395 Current portion of long-term debt - 2,500,000 Deferred/unearned revenue 8,498 13,633 Deferred income 367,063 335,385 TOTAL CURRENT LIABILITIES 2,139,611 5,871,413 LONG TERM DEBT 2,700,000 - DEFERRED INCOME 386,321 324,096 DEFERRED INCOME TAXES 535,000 535,000 TOTAL LIABILITIES 5,760,932 6,730,509 SHAREHOLDERS' EQUITY Common stock 2,481 2,481 Additional paid in capital 5,772,075 5,772,079 Retained earnings 3,361,628 3,235,769 Notes receivable-officers (1,519,659) (1,519,659) TOTAL SHAREHOLDERS' EQUITY 7,616,525 7,490,670 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 13,377,457 $ 14,221,179 See notes to consolidated condensed financial statements
Sandata, Inc. and Subsidiaries UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS THREE MONTHS ENDED NINE MONTHS ENDED Feb. 29, Feb. 28, Feb. 29, Feb. 28, 2000 1999 2000 1999 REVENUES: Service fees $ 4,499,917 $ 3,597,042 $ 13,006,062 $ 10,155,602 Other income 114,563 55,118 301,183 352,832 Interest income 38,523 38,723 118,781 102,207 4,653,003 3,690,883 13,426,026 10,610,641 COSTS AND EXPENSES: Operating 2,917,330 2,124,860 8,387,617 6,211,423 Selling, general and administrative 971,580 925,287 2,880,890 2,675,168 Depreciation and amortization 581,022 521,887 1,767,897 1,460,438 Interest expense 64,250 48,264 176,302 64,809 TOTAL COSTS AND EXPENSES 4,534,182 3,620,298 13,212,706 10,411,838 Earnings from operations before income taxes 118,821 70,585 213,320 198,803 Income tax expense 48,716 31,304 87,461 79,629 NET EARNINGS 70,105 $ 39,281 $ 125,859 $ 119,174 BASIC EARNINGS PER SHARE $ 0.03 $ 0.02 $ 0.05 $ 0.05 DILUTED EARNINGS PER SHARE $ 0.03 $ 0.02 $ 0.05 $ 0.05 See notes to consolidated condensed financial statements
Sandata, Inc. and Subsidiaries UNAUDITED CONSOLIDATED CONDENSED STATEMENTS OF CASH FLOWS NINE MONTHS ENDED Feb. 28 Feb. 29 2000 1999 Cash flows from operating activities: Net earnings $ 125,859 $ 119,174 Adjustments to reconcile net earnings to net cash provided by (used in) operating activities: Depreciation and amortization 1,767,897 1,460,438 (Gain) on disposal of fixed assets (379,290) (269,948) Increase (decrease) in allowance for doubtful accounts receivable 70,388 (21,258) Increase in deferred income 93,903 120,475 (Decrease) increase in deferred revenue (5,135) 12,213 (Decrease) increase in operating assets 126,533 (977,902) (Decrease) in operating liabilities (1,258,349) (779,767) Net cash provided by operating activities 541,806 (336,575) Cash flows from investing activities: Purchases of fixed assets (4,445,001) (3,595,298) Decreases in receivables from affiliates 414,235 35,538 Proceeds from sale/leaseback transaction 1,953,254 1,100,000 Net cash (used in) investing activities (2,077,512) (2,459,760) Cash flows from financing activities: Proceeds from stock transactions --- 1,609 Principal payments on term loan --- (22,296) Proceeds from line of credit 2,000,000 3,150,000 Principal payments on line of credit (1,800,000) (1,850,000) Net cash provided by financing activities 200,000 1,279,313 (Decrease) in cash and cash equivalents (1,335,706) (1,517,022) Cash and cash equivalents at beginning of period 1,533,576 1,797,947 Cash and cash equivalents at end of period $ 197,870 $ 277,925 See notes to consolidated condensed financial statements
Sandata, Inc. and Subsidiaries NOTES TO CONSOLIDATED CONDENSED FINANCIAL STATEMENTS 1. CONSOLIDATED CONDENSED FINANCIAL STATEMENTS The Consolidated Condensed Balance Sheet as of February 29, 2000, the Consolidated Condensed Statements of Operations for the three and nine month periods ended February 29, 2000 and February 28, 1999 and the Consolidated Condensed Statement of Cash Flows for the nine month period ended February 29, 2000 and February 28, 1999 have been prepared by Sandata, Inc. and subsidiaries (the "Company") without audit. In the opinion of Management, all adjustments (which include only normal, recurring adjustments) necessary to present fairly the financial position as of February 29, 2000 and for all periods presented have been made. For information concerning the Company's significant accounting policies, reference is made to the Company's Annual Report on Form 10-KSB for the year ended May 31, 1999. Results of Operations for the period ended February 29, 2000 are not necessarily indicative of the operating results expected for the full year. 2. RELATED PARTY TRANSACTIONS The Company entered into an agreement in November, 1996 with an affiliate of the Company's Chairman, the Nassau County Industrial Development Agency ("NCIDA") and a bank (the "Agreement"). In connection with the Agreement, the affiliate assumed all of the Company's obligations under a lease with the NCIDA and entered into a sublease with the Company for its facility. The Company conveyed to the affiliate the right to become owner of the facility upon expiration of the lease. In addition, pursuant to a sublease, the Company has assumed certain obligations owed by the affiliate to the NCIDA under the lease. The affiliate has indemnified the Company with respect to certain obligations relative to the lease and the Agreement. The Company made rent payments for its facility amounting to $175,863 and $516,243 for the three and nine months ended February 29, 2000 as compared to $167,490 and $491,670 for the three and nine months ended February 28, 1999. The Company makes various lease payments to affiliates of the Company's Chairman. The payments for equipment rental amounted to $98,590 and $295,313 for the three and nine months ended February 29, 2000 as compared to $98,316 and $289,031 for the three and nine months ended February 28, 1999. The Company derives revenue from National Medical Health Card Systems, Inc. ("Health Card"), a company affiliated with the Company's Chairman of the Board, for data base and operating system support, hardware leasing, maintenance and related administrative services. The revenues generated from Health Card amounted to $415,788 and $1,342,938 for the three and nine months ended February 29, 2000 as compared to $473,896 and $1,157,150 for the three and nine months ended February 28, 1999. As of June 1, 1998, Health Card hired 11 employees of the Company in order to provide development, enhancement, modification and maintenance services, previously provided by the Company. The Company was paid $208,000 in consideration of the Company's waiving certain rights relative to such employees. In addition, the Company leases certain computer equipment to Health Card at a monthly cost of $2,000 in addition to computer hardware for its data processing center at a monthly cost of $38,000 pursuant to a verbal agreement. Medical Arts Office Services, Inc. ("MAOS"), a company which the Company's Chairman of the Board is the sole shareholder, provided the Company with accounting, bookkeeping and paralegal services. The payments made by the Company to MAOS amounted to $74,859 and $207,990 for the three and nine months ended February 29, 2000 as compared to $39,231 and $148,588 for the three and nine months ended February 28, 1999. 3. NET EARNINGS PER COMMON SHARE In 1997, the Financial Accounting Standards Board issued Standard No. 128 ("SFAS No. 128"), "Earnings per Share". SFAS No. 128 replaced calculation of primary and fully diluted earnings per share with basic and diluted earnings per share. Basic earnings per share has been computed using the weighted average number of shares of common stock outstanding. Diluted earnings per share has been computed using the basic weighted average shares of common stock issued plus outstanding stock options, in accordance with Staff Accounting Bulletin No. 98. Basic earnings per share are based on the weighted-average number of shares of common stock outstanding, which were 2,481,480 at February 29, 2000 and 2,336,364 at February 28, 1999. Diluted earnings per share are based on the weighted-average number of shares of common stock adjusted for the effects of assumed exercise of options and warrants under the treasury stock method, which were as follows: 2,562,598 at February 29, 2000 and 2,544,282 at February 28, 1999. Options to purchase 581,788 shares of common stock were outstanding at February 29, 2000 and were not included in the computation of diluted earnings per share because the exercise price of the options was greater than the average market price of the common stock for the respective period. 4. SALE/LEASEBACK TRANSACTION In October 1999, the Company consummated a Sale/Leaseback of certain fixed assets (principally computer hardware, software and equipment). The fixed assets, which had a net book value of approximately $895,000 were sold for $1,115,000. The resulting gain of approximately $220,000 was recorded as deferred income and is being recognized over the life of the lease, which is thirty-six (36) months. Approximately $18,000 and $31,000 of deferred gain was recognized for the three and nine months ended February 29, 2000. An unaffiliated third party purchased the residual rights in such lease. In January 2000, the Company consummated a Sale/Leaseback of certain fixed assets (principally computer hardware and software). The fixed assets, which had a net book value of approximately $442,000 were sold for $561,000. The resulting gain of approximately $119,000 was recorded as deferred income and is being recognized over the life of the lease, which is thirty-six (36) months. Approximately $3,000 of deferred gain was recognized for the three months ended February 29, 2000. An unaffiliated third party purchased the residual rights in such lease. In February 2000, the Company consummated a Sale/Leaseback of certain fixed assets (principally computer hardware and software). The fixed assets, which had a net book value of approximately $237,000 were sold for $277,000. The resulting gain of approximately $40,000 was recorded as deferred income and is being recognized over the life of the lease, which is thirty-six (36) months. Approximately $0 of deferred gain was recognized for the three months ended February 29, 2000. The sale proceeds, which are shown as Other receivables in the financial statements, were received in March 2000. An unaffiliated third party purchased the residual rights in such lease. 5. STOCKHOLDERS' EQUITY The Company has stock options outstanding under three stock option plans. As of February 29, 2000, there were 2,536 options outstanding under an incentive stock option plan adopted in October 1984 and subsequently amended. Options granted under this plan were granted at exercise prices not less than fair market value on the date of grant. Options outstanding under this plan expire in 2001. No additional options may be granted under this plan. As of February 29, 2000, there were 590,500 incentive options outstanding under a stock option plan adopted in January 1995, which provides for both incentive and nonqualified stock options and reserves 1,000,000 shares of common stock for grant under the plan. The plan requires that options be granted at exercise prices not less than the fair market value at the date of grant, over a ten-year period. All options outstanding under this plan are currently exercisable at prices ranging from $1.41 to $2.61 per share over a period of five years from date of grant. On July 14, 1998, Messrs. Bert E. Brodsky, Hugh Freund, Gary Stoller and Paul J. Konigsberg, officers and directors of the Company, Gerald Shapiro, a former director of the Company and Carol Freund, the spouse of Hugh Freund and an employee of Sandsport Data Services, Inc. ("Sandsport"), the Company's wholly owned subsidiary, exercised their respective options and warrants to purchase an aggregate of 921,334 shares of common stock at exercise prices ranging from $1.38 to $2.61 per share for an aggregate cost of $1,608,861. Payment for such shares was made to the Company in the amount of $921 representing the par value of the shares, and a portion in the form of non-recourse promissory notes due in July 2001, with interest at eight and one-half percent (8-1/2%) per annum, payable annually, and secured by the number of shares exercised. In October 1998, the Board of Directors approved an amendment to the Company's Certificate of Incorporation to increase the number of authorized common shares from 3,000,000 to 6,000,000. In October 1998, the Company adopted a stock option plan, reserving 1,000,000 shares of common stock for grant under the plan. Stock options granted under the plan may be either incentive or non-statutory. As of February 29, 2000, an aggregate of 416,452 incentive stock options were granted under the plan at an exercise price of $3.00 and vest over a three-year period. Additionally, as of February 29, 2000, an aggregate of 20,000 shares of non-statutory stock options were granted to certain directors of the Company at an exercise price of $3.00. These options vest immediately and are exercisable over a five-year period. In February 2000, the Company granted 350,000 incentive stock options to the Company's Chairman at an exercise price of $1.31. These options vest immediately and are exercisable over a five-year period. Sandata, Inc. and Subsidiaries Item 2 - MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations Revenues were $4,653,003 and $13,426,026 for the three and nine months ended February 29, 2000 as compared to $3,690,883 and $10,610,641 for the three and nine months ended February 28, 1999, increasing $962,120 and $2,815,385 respectively. Service fee revenues were $4,499,917 and $13,006,062 for the three and nine months ended February 29, 2000 as compared to $3,597,042 and $10,155,602 for the three and nine months ended February 28, 1999, increasing $902,875 and $2,850,460 respectively. The increases are attributable to revenues derived from the SanTrax(R), SandataNET(R) and SHARP product lines. Other income was $114,563 and $301,183 for the three and nine months ended February 29, 2000 as compared to $55,118 and $352,832 for the three and nine months ended February 28, 1999, increasing $59,445 and decreasing $51,649 respectively. The decrease is attributable to an amount received in the prior period from Health Card in connection with its hiring employees of the Company, offset by an increase in income recognized on sales/leaseback transactions. Expenses Related to Services Operating expenses were $2,917,330 and $8,387,617 for the three and nine months ended February 29, 2000 as compared to $2,124,860 and $6,211,423 for the three and nine months ended February 28, 1999, increasing $792,470 and $2,176,194 respectively. Costs associated with SanTrax and its operations, including payroll, telephone and equipment rental expenses, in addition to increases in costs associated with SandataNET and its operations, primarily payroll, were the primary factors for the increases in operating expenses. Selling, general and administrative expenses were $971,330 and $2,880,890 for the three and nine months ended February 29, 2000, as compared to $925,287 and $2,675,168 for the three and nine months ended February 28, 1999, an increase of $46,293 and $205,722 respectively. The increases were primarily due to increases in consulting, payroll and commission expenses relative to increased efforts to increase sales in the SanTrax and SandataNET product lines, and certain royalties payable to MCI Telecommunications Corporation. Depreciation and amortization expenses were $581,022 and $1,767,897 for the three and nine months ended February 29, 2000 as compared to $521,887 and $1,460,438 for the three and nine months ended February 28, 1999, an increase of $59,135 and $307,459 respectively. The increases were primarily attributable to fixed asset additions, including computer hardware and software capitalization costs, in connection with ongoing computer system upgrades. Interest expenses were $64,250 and $176,302 for the three and nine months ended February 29, 2000 as compared to $48,264 and $64,809 for the three and nine months ended February 28, 1999, an increase of $15,986 and $111,493 respectively. The increases were a result of increased borrowings on the Company's revolving credit agreement. Income Tax Expenses Income tax expenses were $48,716 and $87,461 for the three and nine months ended February 29, 2000 as compared to $31,304 and $79,629 for the three and nine months period ended February 28, 1999, an increase of $17,412 and $7,832 respectively. Liquidity and Capital Resources The Company's working capital increased as of February 29, 2000 to $2,029,347 as compared with $235,599 at May 31, 1999. For the nine months ended February 29, 2000, the Company has spent approximately $4,445,000 in fixed asset additions, including computer hardware and software capitalization costs in connection with revenue growth and new product development. The Company expects the current levels of capital expenditures to continue. On July 14, 1998 Messrs. Bert E. Brodsky, Hugh Freund, Gary Stoller and Paul J. Konigsberg, officers and directors of the Company, Gerald Shapiro, a former director of the Company, and Carol Freund, the spouse of Hugh Freund and an employee of Sandsport Data Services, Inc. ("Sandsport"), the Company's wholly owned subsidiary, exercised their respective options and warrants to purchase an aggregate of 921,334 shares of common stock at exercise prices ranging from $1.38 to $2.61 per share for an aggregate cost of $1,608,861. Payment for such shares was made to the Company in the amount of $921 representing the par value of the shares, and a portion in the form of non-recourse promissory notes due in July 2001, with interest at eight and one-half percent (8-1/2%) per annum, payable annually, and secured by the number of shares exercised. On April 18, 1997, the Company's wholly owned subsidiary, Sandsport, entered into a revolving credit agreement (the "Credit Agreement") with a bank (the "Bank") which allows Sandsport to borrow and re-borrow amounts up to $3,000,000. Interest accrues on amounts outstanding under the Credit Agreement at a rate equal to the London Interbank Offered Rate plus 2% and will be paid quarterly in arrears or, at Sandsport's option, interest may accrue at the Bank's prime rate. The Credit Agreement required Sandsport to pay a commitment fee in the amount of $30,000 and a fee equal to 1/4% per annum payable on the unused average daily balance of amounts under the Credit Agreement. In addition, there are other fees and charges imposed based upon Sandsport's failure to maintain certain minimum balances. The Credit Agreement which expired on March 1, 2000 has been amended by the Bank to permit Sandsport to borrow and reborrow amounts up to $4,500,000 until February 14, 2003. Interest accrues at the same rate as the original Credit Agreement. The indebtedness under the Credit Agreement is guaranteed by the Company and Sandsport's sister subsidiaries (the "Group"). The collateral for the facility is a first lien on all equipment owned by members of the Group, as well as a collateral assignment of $2,000,000 of life insurance payable on the life of the Company's Chairman. All of the Group's assets are pledged to the Bank as collateral for the amounts due under the Credit Agreement. The Group's guaranty to the Bank was modified to conform covenants to comply with those in the Credit Agreement. In addition, pursuant to the Credit Agreement, the Group is required to maintain certain levels of net worth and meet certain financial ratios in addition to various other affirmative and negative covenants. The Group has, in the past, failed to meet these net worth and financial ratios, and the Bank has granted the Group waivers. As of February 29, 2000, the outstanding balance on the Credit Agreement with the Bank was $2,700,000. As of June 1, 1998, Health Card hired 11 employees of the Company in order to provide development, enhancement, modification and maintenance services, previously provided by the Company. The Company was paid $208,000 in consideration of the Company's waiving certain rights relative to such employees. In addition, the Company leases certain computer equipment to Health Card at a monthly cost of $2,000 in addition to computer hardware for its data processing center at a monthly cost of $38,000 pursuant to a verbal agreement. The Company believes the results of its continued operations, together with the available credit line should be adequate to fund presently foreseeable working capital requirements. Year 2000 The Company is Year 2000 compliant as a result of its conversion from a Data General computer platform to a Hewlett Packard Unix System and the upgrade of the application software. Sandata, Inc. and Subsidiaries PART II - OTHER INFORMATION Item 1 - LEGAL PROCEEDINGS: Reference is made to Form 10-QSB for the period ended November 30, 1999. Item 2 - CHANGES IN SECURITIES AND USE OF PROCEEDS: None Item 3 - DEFAULTS UPON SENIOR SECURITIES: None Item 4 - SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS: None Item 5 - OTHER INFORMATION: None Item 6 - EXHIBITS AND REPORTS ON FORM 8-K: Exhibit 27 - Financial Data Schedule (Electronic Filing Only) SIGNATURES Pursuant to the requirements 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. SANDATA, INC. (Registrant) Date: April 14, 2000 By: /s/ Bert E. Brodsky Bert E. Brodsky Chairman of the Board President, Chief Executive Officer, Chief Financial Officer SIGNATURES Pursuant to the requirements 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. SANDATA, INC. (Registrant) Date: April 14, 2000 By: Bert E. Brodsky Chairman of the Board President, Chief Executive Officer, Chief Financial Officer April 14, 1999 Securities and Exchange Commission 450 5th Street, N.W. Washington, D.C. 20549 Re: Sandata, Inc., File No. 0-14401 Dear Sir or Madam, Transmitted herewith through the EDGAR system is Form 10-QSB for the quarter ending February 29, 2000 for Sandata Inc. If you have any questions or comments, please contact me at (516)484-4400, extension 215. Very truly yours, Linda Scarpantonio Legal Coordinator EX-27 2 FDS --
5 (Replace this text with the legend) 0000755465 SANDATA, INC. 1 $ 9-MOS MAY-31-2000 JUN-01-1999 FEB-29-2000 1 197,870 0 3,773,598 603,263 32,728 4,168,958 17,922,531 9,650,389 13,377,457 2,139,611 0 0 0 2,481 7,613,944 13,377,457 13,006,062 13,426,026 0 13,036,404 0 0 176,302 213,320 87,461 125,859 0 0 0 125,859 .05 .05
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