Corporate development. Fonar Corporation (NASDAQ: FONR) announced annual results for fiscal 2014 on September 15, 2014 with continuing positive earnings.  Headquartered in Melville New York, Fonar focuses on the development, manufacturing, and servicing of the Upright magnetic resonance imaging (MRI) scanners.

Leveraging on unique magnetic properties of the abundant proton atom found in our body, MRI scanners can produce beautiful images that help physicians to accurately diagnose various conditions. Moreover, the roles of MRI scanner are extensive, as they can capture pathologies ranging from the hyper metabolic rate associated with cancer cells to fractures associated with sport injuries.

Source: Fonar

During fiscal 2014, Fonar recognized $68.5 million in revenues and $13.4 million in net earnings. These figures represent 39 percent and 31 percent improvements in revenues and earnings, respectively, as compared to fiscal 2013. In addition, incomes from operations were $12.3 million: 63 percent higher than the previous year.

Fonar also earned $1.58 per share while shares outstanding remain constant at 6 million; these figures show that the company creates, rather than dilute shareholders value.

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