---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-22-000050"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2022-09-29T23:59:59+00:00"
generated_at: "2026-06-23T06:50:34.928356+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# FONAR fiscal 2022 earnings: revenue $97.6M (+9%), net income $17.2M (+26%), EPS $1.75

## Summary
- Total revenues net increased 9% to $97.6M; income from operations up 29% to $22.0M; net income up 26% to $17.2M.
- Diluted EPS rose 21% to $1.75; cash and equivalents increased 10% to $48.8M; working capital up 15% to $102.1M.
- Founder and Chairman Raymond V. Damadian died on August 3, 2022; his son Timothy R. Damadian will become Chairman.
- Board adopted a stock repurchase plan up to $9M on September 13, 2022; purchases on open market.
- HMCA-managed MRI scan volume totaled 186,448 (+5% YoY); two new scanners added in fiscal 2022, two more planned in fiscal 2023.

## SEC filing metadata
- accession: 0000355019-22-000050
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2022-09-29T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501922000050/0000355019-22-000050-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501922000050/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-22-000050
- JSON: https://secwatch.observer/filing/0000355019-22-000050.json
- Plain text: https://secwatch.observer/filing/0000355019-22-000050.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.