Thanks for the link to P&L etc. Balance sheet looks good to me Current ratio nearing 2/1 and for those doubters, stockholders equity improved from $32MM to $43MM. Rvs up 35% cost of prod only up 17% But heres the big jump ...costs related to sales ie staff etc jumped from $11.68MM to $23.16MMM ...
>> If the cost of sales had only increase 50-75%, they would have had a profit. Management wouldn`t have to cut back much to make money. Management just keeps proving they won`t do it. >>
Bashers are FULL OF SHIT.
"This was due in part to the fact that while revenues increased by 35.4%, total costs and expenses increased by only 17.7%. Our consolidated operating loss decreased by 43.7% to $8.5 million for fiscal 2004 as compared to an operating loss of $15.1 million for fiscal 2003."
Great product good demand and still Fonar can not turn the corner. Management is about scratching own back. Do you really believe that Dr D with a 83K salary for the last few decades, (assuming he works full-time at Fonar)has the resources, time and cash to run tens of Imaging centers simultaneously.
Not only that, now all family members have also have their own centers. Can a shareholder get the same deal? Why does HMCA only do business with Dr D? How does Dr D negogiate a contract with himself or his family? Why no one else but "the family"?