FONAR Corporation (FONR)
| Market Cap | 106.68M |
| Revenue (ttm) | 102.42M |
| Net Income (ttm) | 12.16M |
| Shares Out | 6.33M |
| EPS (ttm) | 1.84 |
| PE Ratio | 9.16 |
| Forward PE | n/a |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 17,008 |
| Open | 16.10 |
| Previous Close | 16.19 |
| Day's Range | 15.89 - 16.97 |
| 52-Week Range | 12.13 - 24.05 |
| Beta | 1.13 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | May 13, 2024 |
About FONR
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including admin... [Read more]
Financial Performance
In 2023, FONAR's revenue was $98.65 million, an increase of 1.08% compared to the previous year's $97.59 million. Earnings were $8.80 million, a decrease of -24.71%.
Financial StatementsNews
Fonar Announces Six Months and 2nd Quarter Financial Results for Fiscal 2024
Total MRI scan volume at the HMCA-managed sites increased 13% to 101,990 scans for the six months ending December 31, 2023 versus the corresponding period one year earlier. Cash and cash equivalents a...
Fonar Announces Financial Results for the 1st Quarter of Fiscal 2024
On September 13, 2022, the Company adopted a stock repurchase plan of up to $9 million. At September 30, 2023, the Company has purchased 146,359 shares at a cost of $2,473,215.
Fonar Announces Distributor Agreement with Airs Medical, Leader in AI-Powered MRI Technology
Melville, New York--(Newsfile Corp. - November 8, 2023) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning™, announces that it is now the exclusive distributor of SwiftMR™ from AIRS Medic...
FONAR Announces Financial Results for Fiscal 2023
On August 3, 2022, FONAR founder and The Father of MRI, Raymond V. Damadian, died at 86.
Fonar Announces Financial Results for Fiscal 2023 3rd Quarter and Nine-Month Period
Total MRI scan volume at the HMCA-managed sites increased 7% to 49,451 scans for the quarter ended March 31, 2023 versus the corresponding quarter one year earlier. For the nine-month period ended Mar...
FONAR Board of Directors Appoints Independent Director
Melville, New York--(Newsfile Corp. - March 20, 2023) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning, today announced that its board of directors appointed Jessica Maher as a replacem...
Fonar Announces Six Months and 2nd Quarter Financial Results for Fiscal 2023
Total MRI scan volume at the HMCA-managed sites decreased 5% to 89,888 scans for the six months ending December 31, 2022 versus the corresponding period one year earlier. Cash and cash equivalents and...
Fonar Corporation Designates Laurel Hill Advisory Group, LLC as Information Agent for the Company's $9 Million Share Repurchase Program
Melville, New York--(Newsfile Corp. - November 30, 2022) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning™, announced today that the Company has engaged Laurel Hill Advisory Group, LLC ...
FONAR Announces First Fiscal Quarter Earnings
Net cash provided by operating activities increased 117% to $2.7 million at September 30, 2022, versus the same quarter one year earlier.Cash and cash equivalents and short term investments at Septemb...
Raymond Vahan Damadian, the Father of MRI, Chairman and Founder of FONAR Corporation, Dies at 86
Melville, New York--(Newsfile Corp. - August 5, 2022) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning™, reported today the passing of Founder and Chairman Raymond V. Damadian, MD on Au...
Fonar Board of Directors Appoints Independent Director
Melville, New York--(Newsfile Corp. - November 23, 2021) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning, today announced that on November 17, 2021, its board of directors appointed Jo...
FONAR Subsidiary, HMCA, Expands with Acquisition in Yonkers, New York
Melville, New York--(Newsfile Corp. - March 31, 2021) - FONAR Corporation (NASDAQ: FONR), The Inventor of MR Scanning™, announced today that it has acquired a Stand-Up® MRI facility in Yonkers, New Yo...
FONAR To Ring The Nasdaq Stock Market Closing Bell, As It Celebrates 50th Birthday of MRI
MELVILLE, N.Y., March 09, 2021 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, will ring the Nasdaq Stock Market Closing Bell on March 9, 2021. Nasdaq and FONAR sele...
Fonar Announces Financial Results For 1st Fiscal Quarter of 2021
MELVILLE, N.Y., Nov. 12, 2020 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, reported today its financial results for the first quarter of fiscal 2021 which ended S...
FONAR Announces Fiscal 2020 Financial Results
MELVILLE, N. Y., Sept. 28, 2020 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, reported today its fiscal 2020 results. FONAR’s primary source of income is attribu...
FONAR Set to Join Russell 3000 and 2000 Indexes
MELVILLE, N. Y., June 25, 2020 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, reported today that upon the opening of U.S. markets on June 29, 2020, FONAR will, a...
FONAR Announces Fiscal 2020 3rd Quarter and Nine Months Financial Results; Company Balance Sheet Remains Strong Amid COVID-19 Crisis
COVID-19 drastically affects imaging center scan volumes and delays installations of two MRI scanners until 1st Quarter of Fiscal 2021. Upon their completion, FONAR subsidiary, HMCA, will have 38 MRI ...
3 Medical Companies With the Strength to Weather Coronavirus Fears
As investors continue grappling with coronavirus fears, three medical companies with high financial strength and trading below Peter Lynch’s valuation line of 15 times earnings are Bio-Rad Industries ...
FONAR Celebrates the 50th Anniversary of the Origination of the MRI
MELVILLE, N.Y., Sept. 19, 2019 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning ™, celebrated a special anniversary on September 17, 2019: It was 50 years ago that R...