FONAR Q1 fiscal 2022 revenue up 13% to $23.7M, EPS $0.55 (+53% YoY), record scan volume of 48,469

FONAR CORP

2023-Q1 EPS reported $0.55 revenue$23,730,000

Net income rose 59% to $5.2M; diluted EPS $0.55 vs $0.36 a year ago.
Total revenues-net $23.7M, up 13% from $21.0M; income from operations up 38% to $5.7M.
MRI scan volume at HMCA-managed sites hit record 48,469 scans, up 11.6% YoY.
Management cites COVID-19 vaccine mandate staffing challenges; three expansion projects expected by end of calendar 2021.
Cash and short-term investments $43.4M, down 2% from June 30, 2021; book value per share $20.84.

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