MRI vendor Fonar has posted mixed financial results for its second quarter and first six months of fiscal 2017 (end-December 31).
For the quarter, Fonar's revenues were flat compared to the same period last year, at $18.4 million. But the company's net income increased by 20%, from $4.1 million a year ago to $4.9 million in the most recent quarter.
For the six months ending in December, the company's revenues increased 3% to $37.1 million, compared with $36 million a year ago. Net income increased 25% to $9.4 million for the period, compared with $7.6 million last year, Fonar said.
