secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2023-02-15T23:59:59+00:00
Accession:  0000355019-23-000009
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501923000009/0000355019-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501923000009/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-23-000009

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