Revenues for MRI vendor Fonar stayed relatively flat in the company's fiscal year 2007 (end-June 30).
Revenues showed a small increase to $33.2 million in fiscal 2007, compared with $33.1 million in fiscal year 2006. Service and repair revenues showed the largest change, improving by 17% to $10 million in this fiscal year, compared with $8.6 million last fiscal year.
The Melville, NY-based company posted a net loss of $25.5 million in fiscal 2007, compared with a net loss of $30 million in fiscal year 2006.
By AuntMinnie.com staff writers
October 1, 2007
Related Reading
Fonar announces recent sales, July 10, 2007
London center to install second Fonar Upright MRI, July 5, 2007
Fonar returns to Nasdaq stock exchange, May 15, 2007
Fonar initiates reverse stock split, April 18, 2007
Fonar reports drop in Q2 revenues, February 9, 2007
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