Fonar Corporation(NASDAQ:FONR) Reports Rise In Sales


Dallas, Texas 02/18/2014 (FINANCIALSTRENDS) – Fonar Corporation(NASDAQ:FONR) is a Melville, New York based medical equipment and physician management service provider. The company reported its second quarter EPS of $0.33. This is 57% higher over the $0.21 reported the previous year. The revenue earnings for the quarter were registered at $17.6 million, which is 83% higher than the $9.6 million reported in the previous year.

Fonar Corporation (NASDAQ:FONR) is known to offer better solutions which will see injuries detection as well. It was also found that Health Management Corporation of America (HMCA) is one of the subsidiaries which will allow FONR to provide better medical and management services. The billing as well as the collection services combined with maintenance service, repair, office equipment and clerical as well as other non-medical personnel to provide medical services.

Fonar Corporation (NASDAQ:FONR)reported higher sale of 83% because of the acquisition of Health Diagnostic Management (HDM). The management also declared earnings per share was the common stockholder for the six month which closed on December 31, 2013.

Fonar Corporation(NASDAQ:FONR)provides a wide-variety of businesses which are aimed at designing as well as manufacturing as well as selling of Magnetic Resonance Imaging (MRI) scanner. The technology is expected to see MRI technology as a detection and diagnostic human diseases as well as abnormalities.

Fonar Corporation (NASDAQ:FONR) also reported reasonable pace of growth with high profitable profile in the near future. The inventor of MR scanning, the company’s reported product line FONAR UPRIGHT and the Multi-position MRI enables the weight-bearing MRI imaging as well as powerful gravity sensitive regions of the human body. The MRI scanner which is the licensed product allows for shoulder, pelvis, knee, ankle, brain, and hip to be scanned. The multi position scanners allow scanning of specific body parts, including the upright position where the entire body weight is carried by the patient when in the Standing position. The scanning is done with the UPRIGHT MRI scanning machine.