DALLAS, March 30, 2010 (GLOBE NEWSWIRE) -- InvestorSoup.com announces an investment report featuring Fonar Corp. (Nasdaq:FONR). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The full report is available at: http://www.investorsoup.com/lp/FONR
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Fonar Corp. (FONR) operates in two business segments: medical equipment segment, and physician management and diagnostic services segment. FONR is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilize MRI technology for the detection and diagnosis of human disease.
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In the report, the analyst notes:
"Total revenues for the second quarter of fiscal 2010 ended December 31, 2009, were $8.2 million as compared to $11.3 million for the same period last year which ended December 31, 2008. Total revenues for the six months ended December 31, 2009, were $15.7 million as compared to $18.1 million for the same period last year.
"The Company provides Stand-Up/Upright MRI scanners, which allows patients to be scanned in a weight-bearing condition, such as standing, sitting, or bending in any position that causes symptoms; and FONAR 360 MRI scanner, a diagnostic scanner. Health Management Corp. (HMCA) was established as a wholly owned subsidiary to enable the Company to expand into the business of providing management services to medical providers. HMCA provides management services, administrative services, office space, equipment, repair, maintenance service and clerical and other non-medical personnel to medical providers."
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