By AuntMinnie.com staff writers

September 14, 2017 -- MRI vendor Fonar has posted revenue increases for fiscal 2017 (end-June 30).

The company's net revenues increased to $78 million, up 6% from $73.4 million in 2016. Net income increased 26% to $23.7 million, compared with $18.8 million last year, according to the firm.

Revenues from the company's diagnostic imaging center segment increased 7%, rising from $62.6 million last year to $66.8 million this year, it said.


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