MELVILLE, N.Y.--(BUSINESS WIRE)--FONAR Corporation (NASDAQ:FONR), The Inventor of MR Scanning™, today announced its financial results for the first quarter of fiscal 2008, which ended September 30, 2007. The net loss for the first quarter of fiscal 2008 was $209,000 as compared to a net loss for the same period one year earlier of $6.1 million. For the first three months of fiscal 2008 the loss per common share (basic and diluted) was $0.04, as compared to $1.29 loss per common share (basic and diluted), for the same period of fiscal 2007. Also, during the first fiscal quarter of 2008, the loss from operations dropped to $4.1 million from $6.1 million one year earlier, a decrease of 33%.
