DALLAS, Oct. 8, 2009 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring financial company 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 investment report on Fonar Corp. (Nasdaq:FONR) should be of particular interest to other medical appliances and equipment companies: Medtronic Inc. (NYSE:MDT), St. Jude Medical Inc. (NYSE:STJ) and Zimmer Holdings Inc. (NYSE:ZMH).
It is available at: http://www.beaconequity.com/i/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:
"FONR today announced its financial results for the fiscal year ending June 30, 2009. Total net income for the fiscal year ended June 30, 2009, was $1.1 million, as compared to a net loss of $13.5 million for fiscal 2008. The net income per share (basic and diluted) for the fiscal year ended June 30, 2009 was $0.21, as compared to a net loss per share (basic and diluted) of $2.76 during fiscal 2008.
"FONR announced it has sold a fifth UPRIGHT(R) Multi-Position(TM) MRI scanner to Rose Radiology Centers, the major radiology group on Florida's West Coast. Rose Radiology has 10 offices in the greater Tampa area. Most of the offices offer MRI, CT, X-ray, Ultrasound, and Mammography, while other Rose Radiology Centers also offer Fluoroscopy, DEXA and PET/CT."
To read the entire report visit: http://www.beaconequity.com/i/FONR
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