Fonar reports profit for Q1 2005

MRI developer Fonar said its revenues for the first quarter of fiscal 2005 (end-September 30) increased to $25.1 million from $13.4 million in the same quarter last year.

Net income for the Melville, NY, company for the quarter was $786,000, compared to a net loss of $3.8 million for the same period last year. The company attributed the growth primarily to a 190% increase in sales of Fonar's Upright MRI scanner.

By staff writers
November 15, 2004

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Fonar notches 71st MRI sale, March 17, 2004

Copyright © 2004

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