Fonar Corp FONR

Healthcare Medical Devices

FONAR Corporation is engaged in the research, development, production and marketing of medical scanning equipment, which uses principles of Magnetic Resonance Imaging (MRI) for the detection and diagnosis of human diseases. The Company conducts its business in two segments: medical equipment, and physician management and diagnostic services. Its medical equipment segment is conducted directly through the Company. Its physician management and diagnostic services segment is conducted through its subsidiary, Health Management Corporation of America (HMCA). Its signature product is the FONAR UPRIGHT Multi-Position MRI (STAND-UP MRI). HMCA provides management services, administrative services, billing and collection services, compliance consulting, purchasing, information technology (IT) services, repair, maintenance service, and clerical and other non-medical personnel to medical providers engaged in diagnostic imaging. HMCA owns and operates six diagnostic imaging facilities in Florida.

NDAQ:FONR - Post by User

Fonar Corp

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Post by swingtime2on Nov 19, 2005 3:33pm

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Post# 9888517

Sales Volume

Keep in mind that this company does not have to sell thousands of machines for the share price to appreciate nicely. On the last nice run up they sold 11 units in a quarter. If I'm not mistaken, they have two sales already this quarter which the potential of another one shortly. Six sales would probably rear the ship to $1.25. Hang in there, I think the new upright MRI technology is catching on. Cheers to the longs.

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