FONAR Q3 net income up 37% to $4.5M; MRI scan volume sets record at 49,451

FONAR CORP

2023-Q3 EPS reported $1.16 revenue$72,869,000

Q3 revenue $25.4M (+3% YoY); diluted EPS $0.55 (+72% vs $0.32).
HMCA-managed MRI scan volume hit record 49,451 scans, up 7% YoY and 8.9% sequentially.
Nine-month net income $9.9M (-27%); operating income $12.3M (-31%) on higher costs.
Cash and equivalents $49.7M; net book value $22.79 (+6% YoY).
Repurchased 79,540 shares for $1.35M under $9M buyback plan; new Bronx facility in Q4.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FONAR CORP reported third fiscal quarter ended March 31, 2023 results: revenue $25.4 million, net income $4.5 million, EPS $0.55.

Period: third fiscal quarter ended March 31, 2023
Revenue: $25.4 million
Net income: $4.5 million
EPS: $0.55
Result: reported results

Exact text from the filing

72% to $0.55 for the third fiscal quarter ended March 31, 2023 and decreased 19% to $1.16 for the nine-month period ended March 31, 2023. · Total Revenues-Net increased 3% to $25.4 million for the quarter ended March 31, 2023 as compared to the corresponding quarter one year ago. Total Revenues-Net were $72.9 million for the nine-month period ended March 31,

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Source: SEC EDGAR

accession 0000355019-23-000032

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