Summary
FONAR Stock Gains Post Y/Y Decline in Q1 Earnings and Profit
FONR reports top-line growth for first-quarter fiscal 2026 amid earnings decline and increased SG&A and operating expenses.
FONR Stock Rises Following Q3 Earnings on Higher Net Income
FONAR Corporation's Q3 fiscal 2025 results show higher net income and revenue growth, driven by record MRI scan volumes and strong performance of its HMCA unit.
FONR Stock Declines After Q2 Earnings, Revenue and Net Income Fall
FONAR's second-quarter fiscal 2025 revenues and net income decline. Higher costs and lower scan volumes weigh on results.
Fonar Corporation Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| LAM Lakewood Asset Management LLC Lakewood Asset Management LLC | 19,057 | $307,702.47 | $363,798.13 | $56,095.66 | 18.23% |
| MA Marie-Andree Alain Federation des caisses Desjardins du Quebec | 350 | $5,243 | $6,681.5 | $1,438.5 | 27.44% |
| PLC Peapod Lane Capital LLC Peapod Lane Capital LLC | 113,662 | $1.75M | $2.17M | $419,466.2 | 23.96% |
| GLF Groupe La Francaise Groupe La Francaise | 118,800 | $2.2M | $2.27M | $62,964 | 2.86% |
 Bernard Wealth Management Corp Bernard Wealth Management Corp | 1 | $15.14 | $19.09 | $3.95 | 26.09% |
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Fonar Corporation Profile
| Health Care Equipment & Supplies Industry | Healthcare Sector | Timothy R. Damadian CEO | NASDAQ (CM) Exchange | 344437405 CUSIP |
| US Country | 533 Employees | 18 Mar 1999 Last Dividend | 17 Apr 2007 Last Split | 1 Jan 1987 IPO Date |
Overview
FONAR Corporation, established in 1970 and headquartered in Melville, New York, plays a pivotal role in the medical technology landscape with its innovative efforts in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners. These advanced diagnostic tools are crucial for the detection and diagnosis of human diseases, predominantly within the United States. The company distinguishes itself in the healthcare sector through its operation in two primary segments: Medical Equipment, and Physician Management and Diagnostic Services. By focusing on these areas, FONAR not only enhances the capabilities of MRI technology but also improves the efficiency and effectiveness of medical diagnostic services. FONAR's approach to healthcare solutions vividly demonstrates its commitment to improving patient care and the diagnostic process.
Products and Services
Upright MRI Scanner:
FONAR's standout product, the Upright MRI scanner, revolutionizes patient experience and diagnostic accuracy by enabling scanning in various weight-bearing positions, including standing, sitting, bending, or lying down. This innovative approach allows for the observation of physiological conditions under natural states of pressure and stress, potentially leading to more accurate diagnoses in certain clinical scenarios.
Non-medical Management Services:
Alongside its technological advancements in MRI scanners, FONAR extends its offerings to include comprehensive non-medical management services. These services encompass administrative support, billing, and collections; credentialing; contract negotiations; compliance consulting; purchasing of IT services; recruitment, training, and supervision of non-medical personnel; medical record storage; provision of office space and equipment; maintenance services; accounting; compliance assistance; and marketing strategies. This suite of services is designed to optimize the operational aspects of diagnostic imaging facilities, thereby enhancing their overall efficiency and focus on patient care.
In addition to its product and service offerings, FONAR owns and operates several diagnostic imaging facilities in Florida and manages MRI scanning facilities, expanding its influence and capabilities within the healthcare industry. The company targets a diverse client base, from private diagnostic imaging centers to hospital outpatient imaging facilities, marking its presence as a significant player in the realm of medical imaging and diagnostics.
