'The good news,' said Raymond V. Damadian, M.D., Chairman of the Board of FONAR Corporation, 'is that patients love our UPRIGHT� Multi-Position™ MRI scanner, which contributes to steady patient throughput!
Fonar continues to do well with its medical diagnostic business, but its MRI business is basically non-existent. While its medical diagnostic business is the main reason the stock went to higher levels, I always envisioned higher MRI sales as well.
FONAR (NASDAQ:FONR) is one of those stocks from my investment childhood. In fact, it's probably the first stock I ever speculated on, when I opened my first brokerage account many years ago (early 90s).
Fonar Corporation (NASDAQ:FONR) is engaged in the research, development, productions, and marketing of medical scanning equipment, which uses principles of Magnetic Resonance Imaging (MRI) for the detection of and diagnosis of human diseases.