MELVILLE, NY--(Marketwired - Feb 9, 2017) - FONAR Corporation ( NASDAQ : FONR )
22% Increase of 1st half, Fiscal 2017, Diluted Net Income per Common Share available to Common Shareholders to $1.17, versus same six month period of prior year.
25% Increase of 1st half, Fiscal 2017, Net Income, to $9.4 million, versus same six month period of prior year, including a $800,000 impact of deferred income tax benefits.
19% Increase of 1st half, Fiscal 2017, Income from Operations, to $9.4 million, versus same six month period of prior year
3% Increase of 1st half, Fiscal 2017, Total Revenues - Net, to $37.1 million, versus same six month period of prior year
FONAR Corporation ( NASDAQ : FONR ), The Inventor of MR Scanning™, reported today its financial results for the 2nd Fiscal Quarter of 2017 and the six month period ended December 31, 2016.
In 1980 FONAR birthed the MRI industry with its installation of the first commercial whole-body MRI (Magnetic Resonance Imaging) scanner. Since then the Company has manufactured and installed hundreds of MRIs the world over. While FONAR continues to manufacture and service its products, the Company’s primary source of income is derived from the management of 26 MRI centers though it subsidiary, Health Management Company of America (HMCA). Twenty-five of the 26 centers feature the FONAR UPRIGHT® Multi-Position™ MRI, aka Stand-Up® MRI, the only MRI scanner able to scan patients in normal full-weight-bearing positions.
