A modest revenue increase wasn't enough to carry MRI vendor Fonar to profitability in its second quarter (end-December 31). The Melville, NY-based firm had revenues of $9.5 million, up 4.4% compared with the $9.1 million reported in the same period last year. The firm had a net loss of $2.7 million, compared with a net loss of $2.5 million in 1999.
P>For the six months ending December 31, Fonar had revenues of $19.1 million, up 14.4% compared with revenues of $16.7 million in 1999. The company's net loss was $6 million, compared with a net loss of $5.3 million in the first half of last year.By AuntMinnie.com staff writers
February 16, 2000
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