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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?

To: Stock Watcher who wrote (44933)	5/11/2001 3:02:20 PM
From: BlueCheap	Read Replies (1) \| Respond to of 52051

Make (FONR) my pick for NEXT WEEK. FONAR Reports 3rd Quarter Fiscal Results biz.yahoo.com (This Report is NOT why I want to Pick (FONR) for NEXT WEEK ;^) ********************************************************************************* MELVILLE, N.Y., May 11, 2001 (BUSINESS WIRE) -- FONAR Corporation (NASDAQ: FONR), The Patient-Friendly(TM) MRI Company, reported earnings for its third quarter of fiscal 2001 ending March 31, 2001. The Company reported a net loss of $2.8 million on revenues of $13.1 million, as compared to a net loss of $3.9 million on revenues of $9.9 million for the third quarter of fiscal 2000. For the nine month period that ended March 31, 2001, revenues totaled $34.2 million with a net loss of $9.7 million. This compares to revenues of $29.7 million and a net loss of $10.0 million for the nine month period that ended one year earlier. In addition, as of March 31, 2001, the Company's aggregate cash, cash equivalents and marketable securities were approximately $17.9 million. Highlights of the quarter include the continued expansion of its domestic sales force to cover every region of the United States. In early January, FONAR's sales management team conducted a weeklong seminar at its headquarters to launch its 2001 sales effort and provide its newly reinforced sales force with extensive in-depth training on the Company's complete line of products, the FONAR Seven, the most extensive in the industry. The company notes improvements in its losses from operations and revenues for the quarter and the nine month period. As its sales initiative continues, the company expects that these positive trends will continue. CONDENSED STATEMENT OF OPERATION Three Months Ended March 31, 2001 2000 ----------- ----------- Revenues $13,107,000 $9,850,000 Net Loss $(2,801,000) $(3,963,000) Net Loss Per Share $(.04) $(.06) Nine Months Ended March 31, 2001 2000 ----------- ----------- Revenues $34,199,000 $29,718,000 Net Loss $(9,721,000) $(9,971,000) Net Loss Per Share ($0.14) ($0.15) Be sure to visit FONAR's Web site for Company product and investor information. www.fonar.com This release may include forward-looking statements from the company that may or may not materialize. Additional information on factors that could potentially affect the company's financial results may be found in the company's filings with the Securities and Exchange Commission. CONTACT: Daniel Culver, Director of Communications David Terry, VP, Secretary 631/694-2929 631/390-9540 (FAX) investor@fonar.com