posted
Hey folks....As many of you who have been on this board know I follow FONR very closely and own some shares currently. I really believe in this technology and today their president of the company released a PR which indicates based on past PR's and quarters earnings that FONR has increased revenues from year to year on a very consistant basis. For the six months ended Dec 31st 2003 they've generated revenue of $31.2MM a 7% increase. This bodes well for their current QTR as 16 MRI units have been sold vs only 4 units from a year ago that should give nice rise to the stock price. Also 20 Stand-UP MRI's have been in for over 1 year which kicks in a $100,000 service conract on those units so 20 units x $100,000 - $2,000,000 in new service contracts this year.
Their busiest 3 months for new Stand-UP MRI sales are upon us now. They should be able to place an additional 15 units possibly as many as 20 or more the next QTR.
This company last QTR lost .025 per share or $6.5MM. They are very close to profitibility IMHO and based on my research.
Just tossing this out there for you investors....this stock is seriously undervalued IMO at it's current level.
G'luck
Posts: 315 | From: New York, USA | Registered: May 2003
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posted
Also I just wanted to add that the FONR Stand UP MRI unit cost to buy is $1.5MM. This past QTR they sold 16 units. 16 Units x $1.5MM = $24MM for the QTR in sales. Plus any additional equipment, service, etc needed for the Stand UP MRI's that are currently installed. Definately close to profitibility.
Posts: 315 | From: New York, USA | Registered: May 2003
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