I guess Frank is busy calculating the new profits so I will repost...lol (I am bored)
SERVICE CONTRACT REVENUE
LET'S GO BACK 11 YEARS
SERVICE FEES - COST 2003
2,479,690 - 3,167,224 = LOSS 687,534
SERVICE FEES - COST 2002
2,156,127 - 2,650,854 = LOSS 494,727
SERVICE FEES - COST 2001
2,016,337 - 2,361,026 = LOSS 344,689
SERVICE FEES - COST 2000
1,692,537 - 2,396,609 = LOSS 704,072
SERVICE FEES - COST 1999
2,301,485 - 2,697,695 = LOSS 396,207
SERVICE FEES - COST 1998
2,520,637 - 2,373,808 = PROFIT 146,829
SERVICE FEES - COST 1997
2,686,048 - 2,202,120 = PROFIT 483,928
SERVICE FEES - COST 1996
3,725,613 - 2,305,664 = PROFIT 1,419,949
SERVICE FEES - COST 1995
4,444,913 - 2,254,251 = PROFIT 2,190,662
SERVICE FEES - COST 1994
6,028,417 - 2,578,952 = PROFIT 3,449,465
SERVICE FEES - COST 1993
7,394,415 - 3,093,305 = PROFIT 4,301,110
SO as you can see Fonar had 6 profit years of Service Contract with total PROFIT of 11,991,943 vs 5 years of Losses from Service Contract with LOSSES of 2,627,229 or a difference of 9,364,714 of PROFIT from Service Contracts .
This to me means as Fonar CONTINUES to SELL AND INSTALL the Stand UP the SERVICE CONTRACT REVENUE will INCREASE and so will the PROFITS as it did in the early 90s |
