MRI vendor Fonar has posted revenue increases for fiscal 2017 (end-June 30).
The company's net revenues increased to $78 million, up 6% from $73.4 million in 2016. Net income increased 26% to $23.7 million, compared with $18.8 million last year, according to the firm.
Revenues from the company's diagnostic imaging center segment increased 7%, rising from $62.6 million last year to $66.8 million this year, it said.
