NMR Centers Reports $261,672 Net Loss
NMR Centers, a Newport Beach operator of outpatient diagnostic imaging facilities, posted a $261,672 net loss for the third quarter, a slight improvement from the $275,240 net loss in the same quarter last year.
Revenues jumped nearly eight-fold to $1 million from $136,302 in last year’s third quarter.
In the first nine months, NMR reported a $934,225 net loss, contrasted with a net income of $3,748 in the same period last year. Revenues in the period boomed 20-fold to $2.7 million from $136,302.
Its income for the first nine months last year was boosted by a $1.2-million credit when a group of debenture holders converted its notes to common stock, said S. Lewis Meyer, NMR’s president. The company was formed in 1982 but did not start operations until July, 1985.
Lewis said the company does not expect to become profitable until sometime next year when some of the six centers under development become operational. NMR has three centers currently in operation.
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