FONAR reports fiscal 2021 diluted EPS of $1.45, up 23% YoY; revenue $89.9M, +5%

FONAR CORP

Diluted EPS $1.45 (+23% YoY); net income $13.7M (+17%); operating income $17.1M (+25%).
Total scan volume at HMCA-managed sites rose 7% to 178,364 scans; HMCA now manages 39 MRI scanners vs 36 a year ago.
Cash and short-term investments $44.5M (+21%); working capital $88.5M (+15%); book value per share $20.41 (+6%).
Fiscal 2022 plans: add MRI in Pembroke Pines, new Bronx facility, Manhattan relocation, and central Florida center.
R&D expenses fell 19% to $1.6M due to COVID supply chain delays; S,G&A down 7%.

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