Fonar Corp.
MRI company reports profitable first quarter
Published in Medical Imaging Business Week, December 16th, 2004
Revenues for the first quarter of 2005 increased 89% to $25.1 million, compared to $13.3 million in the first quarter of 2004. Overall revenues attributable to the company's medical equipment (MRI; magnetic resonance imaging) segment increased 164% in the first quarter of 2005 to $19.3 million compared to $7.3 million in the first quarter of 2004.
This growth is primarily the result of increased scanner sales revenues for the FONAR Upright MRI, which rose from $6.1 million in the first quarter of...
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