NMR Centers Reports Loss of $444,500 for 1st Quarter
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After less than one year of full operation, NMR Centers Inc. on Monday reported a first-quarter loss of $444,500, compared with a loss of $453,300 for the same period in 1985.
The Newport Beach operator of specialized medical diagnostic centers reported revenue of $697,000 for the period. Prior to July, 1985, the company was in the development stage and posted no revenue from operations.
The company operates three magnetic resonance imaging centers, which diagnose internal medical ailments much like CAT scan machines. But instead of using X-rays, the $2-million machines use magnetism principles to diagnose disease.
Al Pagani, the company’s controller, attributed the first-quarter loss to the high cost of establishing the three imaging centers. “The start-up phase is very expensive,” he said. He also noted that the company’s payroll expanded to 27 workers this year from seven employees early last year.
Pagani projected that the company would be operationally profitable by the fourth quarter of this year.
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