Seeking Alpha

Fonar logs big gains after FQ1 report

  • Shares of Fonar Corporation (FONR +60.1%) are in the midst of a spectacular rally on the heels of the company's FQ1 results (out this morning).
  • Revenue for the period rose 77% Y/Y, while diluted net income jumped 68%.
  • Income from operations doubled.
  • Cash as of September 30: $9.2M (+17% Q/Q).
  • "By combining resources ... we will enjoy the benefits of economies of scale, shared administrative and technical expertise and capabilities, and joint marketing strategies," chairman Raymond Damadian said, commenting on the HDM acquisition which, as expected, has been "a significant source of profitability." (PR)
Comments (2)
  • Philip Marlowe
    , contributor
    Comments (920) | Send Message
     
    The stock is so popular that yahoo finance cannot display the FONR stock page. It says "internal server error" even though yahoo finance works for all other stocks.

     

    Google finance displays it fine, but then again, Google is full of people that actually know how to code.
    15 Nov 2013, 03:58 PM Reply Like
  • westdanza
    , contributor
    Comment (1) | Send Message
     
    This small capitalized stock w less than 6 mil shares float been bad pressed
    from mid $20 to mid teens.

     

    Showing outstanding growth and very a low PE bashers have driven this stock
    down for the last 4 months.
    Someone is making a killing accumulating shares at great prices!
    13 May, 09:09 AM Reply Like
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