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Dave,
I have the numbers first hand.
They are from the DJ release that hit the wire at about 8 pm
last night, 11 Oct 96.
For the year ending June 30:
1996 1995
Revenues $13,130,000 $14,090,000
Net income (3,376,000) (1,763,000)
Shr earns (primary)
Net income (.07) (.04)
Here are the comments:
" Fonar Corp. (FONR) attributed the loss in the latest quarter
to increases in its bad debt provision, increases in research
and development and sales, marketing, manufacturing and overhead
costs associated with expanding the production capacity and the
launching of its Quad MRI Scanners.
The company said orders received for new MRI products in the fourth
quarter will result in ''substantial revenues'' for fiscal 1997.
The company said its backlog of orders increased to $6.8 million in
1996, up 70rom fiscal 1995. Fonar said its cash reserves are in
excess of $3 million, while inventory levels rose by $1 million in
1996."
I guess its wait and see what the market thinks on Monday morning.
Isn't just typical that they (Fonar) release this stuff on Friday night!!
Trying hard to keep the faith,
Ralph |
