Fonar notches profitable Q2

MRI vendor Fonar of Melville, NY, said its revenues for the second quarter of fiscal 2005 (end-December 31) rose 65% to $29.5 million, up from $17.9 million in the same quarter last year.

The firm reported net income for the quarter of $1.2 million, a sharp turnaround compared with a net loss of $2.6 million for the same period in fiscal 2004. The company attributed the growth to an increase in sales of its Upright MRI scanner, as well as increased service and repair fees.

By AuntMinnie.com staff writers
February 9, 2005

Related Reading

First Fonar 360 scanner sold, January 12, 2005

Fonar unveils upright cardiac MRI, December 2, 2004

Fonar reports profit for Q1 2005, November 15, 2004

Fonar trims losses for fiscal 2004, September 16, 2004

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

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