---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-23-000032"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2023-05-15T23:59:59+00:00"
generated_at: "2026-06-15T01:41:21.218284+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000355019-23-000032
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2023-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501923000032/0000355019-23-000032-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501923000032/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-23-000032
- JSON: https://secwatch.observer/filing/0000355019-23-000032.json
- Plain text: https://secwatch.observer/filing/0000355019-23-000032.txt

## Key facts
- Earnings Releases
  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
  source text: 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,
  evidence_url: https://www.sec.gov/Archives/edgar/data/355019/000035501923000032/0000355019-23-000032-index.htm

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