FONAR Q2 fiscal 2022 net income up 31% to $5.1M; revenues up 16% to $24.5M

FONAR CORP

2022-Q2 EPS reported $1.11 revenue$48,209,000

Six-month revenues $48.2M (+14% YoY); net income $10.3M (+44% YoY); diluted EPS $1.11 (+39% YoY).
Q2 revenues $24.5M (+16% YoY); net income $5.1M (+31% YoY); diluted EPS $0.57 (+30% YoY).
HMCA-managed site MRI scan volume 94,460 (+10% YoY), highest first-six-month volume ever achieved.
SG&A for six months decreased 8% to $9.9M; operating cash flow $5.8M vs $9.6M prior year.
Book value per share $21.32 (+7% YoY); cash and short-term investments $44.9M.

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