secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2023-05-15T23:59:59+00:00
Accession:  0000355019-23-000032
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501923000032/0000355019-23-000032-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501923000032/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-23-000032

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