secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2022-05-16T23:59:59+00:00
Accession:  0000355019-22-000026
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501922000026/0000355019-22-000026-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501922000026/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-22-000026

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