| Business Summary | | Fonar
Corporation
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.
The
Company's
products
are
the
Fonar
360,
the
QUAD
series
of
MRI
scanners
and
the
Echo
MRI
scanner.
In
addition
to
deriving
revenues
from
the
direct
sale
of
MRI
equipment,
revenue
is
also
generated
from
its
installed
base
of
customers
through
its
service
and
upgrade
programs.
The
Company's
wholly
owned
subsidiary,
Health
Management
Corporation
of
America,
provides
comprehensive
management
services
to
medical
providers.
These
services
include
management
services,
administrative
services,
office
space,
equipment,
repair
and
maintenance
service
and
clerical
and
other
non-medical
personnel
to
physicians
and
other
medical
providers,
including
diagnostic
imaging
centers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | FONR
is
engaged
in
designing,
manufacturing,
selling
and
servicing
magnetic
resonance
imaging
(MRI)
scanners
which
utilize
MRI
technology
for
detection
and
diagnosis
of
human
disease.
For
the
nine
months
ended
3/31/01,
revenues
rose
15%
to
$34.2
million.
Net
loss
fell
2%
to
$9.7
million.
Revenues
reflect
the
continued
expansion
of
the
domestic
sales
force
to
cover
every
region
of
the
United
States.
Lower
losses
were
partially
offset
by
increased
S/G/A
expenses. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Raymond Damadian, M.D., 64 Chairman,
Pres | $87K | David Terry, 53 VP
of Admin. and Sec. | -- | Timothy Damadian, 36 Treasurer | -- | Dollar
amounts are as of 30-June-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|