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 AuntMinnie.com staff writers
November 15, 2004

Related Reading

Fonar trims losses for fiscal 2004, September 16, 2004

Fonar nets 10 sales in April and May, June 3, 2004

Fonar nearly doubles revenues in Q3, May 17, 2004

Physician group buys fourth Fonar scanner, May 11, 2004

Fonar notches 71st MRI sale, March 17, 2004

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