secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0000355019-22-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

Fonar Q1 EPS $0.29 vs $0.55 YoY; revenue down 2%; scan volume falls 8.3%
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- Diluted EPS $0.29 vs $0.55; net income $2.7M vs $5.2M, down 48%.
- Total revenues $23.2M (-2% YoY); income from operations $3.9M vs $5.7M.
- HMCA-managed MRI scans fell 8.3% to 44,471; SG&A up 24% to $6.3M on reserves.
- Net cash from operations up 117% to $2.7M; book value per share $22.05 (+5%).
- CEO cites technologist shortage and Hurricane Ian; plans new centers in Bronx and Florida.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501922000057/0000355019-22-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501922000057/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-22-000057

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