MRI vendor Fonar has posted revenue gains for its second-quarter and six-month 2016 financial results (end-December 31).
For the quarter, Fonar reported revenues of $18.4 million, up 8% from $17.1 million in the same quarter of 2015. The company had net income of $4.1 million, up 19% from $3.5 million last year.
For the six months ending in December, the company's revenues increased 3% to $36 million, compared with $35.1 million in 2015. Net income increased 13% to $7.6 million for the period, compared with $6.7 million for the same period last year.
