Fonar posts revenue increase in Q1

MRI vendor Fonar posted increases in both revenue and profit in its 2018 first quarter.

For the period (end-September 30), Fonar had $19.3 million in revenues, up 3.2% from $18.7 million in the first quarter of 2017. Net income increased by 2% to $4.6 million, compared with $4.5 million in the same quarter last year.