---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-23-000009"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:22:10.484844+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FONAR Q2 net income falls 45%; revenue down 1% to $24.3M

## Summary
- Q2 revenue $24.3M (-1% YoY); six-month revenue $47.4M (-2% YoY).
- Q2 net income $2.8M (-45%); diluted EPS $0.32 (-44%).
- Income from operations Q2 $4.2M (-35%); six-month $8.1M (-33%).
- MRI scan volume at HMCA-managed sites 89,888 (-5%); SG&A up 31% to $12.9M.
- Cash and investments $49.5M; book value per share $22.25 (+4%); repurchased 53,607 shares for $922,593.

## SEC filing metadata
- accession: 0000355019-23-000009
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501923000009/0000355019-23-000009-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501923000009/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-23-000009
- JSON: https://secwatch.observer/filing/0000355019-23-000009.json
- Plain text: https://secwatch.observer/filing/0000355019-23-000009.txt

## Key facts
- Earnings Releases
  FONAR CORP reported for the fiscal 2023 six month period ended December 31, 2022 and quarter ended December 31, 2022 results: revenue $47.4 million for the six months ended December 31, 2022; $24.3 million for the quarter ended December 31, 2022, net income $5.5 million for the six months ended December 31, 2022; $2.8 million for the quarter ended December 31, 2022, EPS $0.60 per diluted share for the six months ended December 31, 2022; $0.32 per diluted share for the quarter ended Decemb.
  - Period: for the fiscal 2023 six month period ended December 31, 2022 and quarter ended December 31, 2022
  - Revenue: $47.4 million for the six months ended December 31, 2022; $24.3 million for the quarter ended December 31, 2022
  - Net income: $5.5 million for the six months ended December 31, 2022; $2.8 million for the quarter ended December 31, 2022
  - EPS: $0.60 per diluted share for the six months ended December 31, 2022; $0.32 per diluted share for the quarter ended Decemb
  - Result: reported results
  source text: FONAR Corporation (NASDAQ-FONR), The Inventor of MR ScanningTM, reported today its financial results for the fiscal 2023 six month period and quarter ended December 31, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/355019/000035501923000009/0000355019-23-000009-index.htm

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