FONAR Q3 fiscal 2022 net income $3.3M ($0.32 diluted EPS) down from $4.3M ($0.54) a year ago

FONAR CORP

2022-Q3 EPS reported $1.43 revenue$72,780,000

Total revenues-net up 6% to $24.6M vs $23.1M in Q3 last year; nine-month revenues $72.8M (+12%).
Income from operations rose 37% to $5.6M in Q3; nine-month operating income $17.9M (+35%).
Provision for income taxes surged to $2.5M from $12K in Q3, sharply reducing net income.
MRI scan volume at HMCA-managed sites increased 7.7% to 140,650 scans for nine months versus a year ago.
Cash and cash equivalents $46.0M at March 31, 2022; net book value per share $21.59, up 6% from a year ago.

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