Fonar posts strong year-end results

MRI vendor Fonar posted strong results for its full 2013 fiscal year (end-June 30).

For the year, revenues grew 25% to $49.1 million, compared with $39.4 million in the previous fiscal year. The company reported net income for the year of $10.3 million, a 49% increase from the $6.9 million reported in fiscal 2012.