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Fonar Corp. Message Board

  • theflyonwally theflyonwally Oct 1, 2012 10:56 AM Flag

    No debt, Small Market Cap, 100% increase in revenues x Q=DAMN CHEAP under 10$

    Total net income for the year ended June 30, 2012, more than doubled, an increase of 108% to $6.9 million, from $3.3 million for the year ended June 30, 2011.
    Income from operations increased 90% from $3.8 million, for the year ended June 30, 2011, to $7.2 million for the year ended June 30, 2012.
    Basic net income per common share available to common stockholders for the year ended June 30, 2012, was $0.93, an increase of 66% over the previous year ended June 30, 2011 of $0.56.
    Diluted net income per common share available to common stockholders for the year ended June 30, 2012, was $0.91, an increase of 65% over the previous year ended June 30, 2011, of $0.55.
    Total revenues for the UPRIGHT® MRI segment increased 5% to $18.7 million for the year ended June 30, 2012 as compared to $17.8 million for the year ended June 30, 2011. Total costs related to revenues for the UPRIGHT® MRI segment increased just 1% to $8.9 million for the year ended June 30, 2012 as compared to $8.8 million for the year ended June 30, 2011
    Total revenues for the HMCA subsidiary, the STAND-UP® MRI center management segment increased 35% to $20.7 million for the year ended June 30, 2012 as compared to $15.3 million for the year ended June 30, 2011. Total costs related to revenues for HMCA increased just 27% to $12.3 million for the year ended June 30, 2012 as compared to $9.7 million for the year ended June 30, 2011.
    Collectively, total revenues increased 19% to $39.4 million for the year ended June 30, 2012, as compared to $33.1 million, for the year ended June 30, 2011. Total costs related to total revenues increased 15% to $21.2 million for the year ended June 30, 2012, as compared to the prior year ended June 30, 2011, at $18.5 million.
    Overhead consisting of research & development (R&D) and selling, general & administrative costs (S,G&A) rose only 1% to $10.0 million for the year ended June 30, 2012 from $9.9 million for the year ended June 30, 2011.
    Balance Sheet Items
    Total assets increased 6% to $33.6 million for the year ended June 30, 2012 as compared to the previous fiscal year when total assets were $31.6 million.
    At June 30, 2012, total cash and cash equivalents were $12.0 million, total current assets were $25.9 million, total current liabilities were $21.1 million, and total long-term liabilities were $1.5 million. Also, total stockholders' equity was $11.1 million, as of June 30, 2012.
    See the accompanying tables for more details.

 
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