secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2021-11-16T23:59:59+00:00
Accession:  0000355019-21-000048
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501921000048/0000355019-21-000048-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501921000048/fonar_8k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-21-000048

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer