{"schema_version":"secwatch.filing_event.v1","accession":"0000355019-23-000048","form_type":"8-K","ticker":"FONR","cik":"0000355019","company_name":"FONAR CORP","filed_at":"2023-09-29T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.322842+00:00","generated_at":"2026-06-10T07:14:10.912371+00:00","sec_items":["2.02"],"event_type":"earnings","sentiment":"negative","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"FONAR fiscal 2023 revenue up 1% to $98.6M but net income down 30% to $12.1M; EPS $1.32","bullets":["Revenue $98.6M (+1% YoY); costs and expenses surged 11% to $83.9M, crushing operating income down 33% to $14.8M.","Net income $12.1M (-30%); diluted EPS $1.32 (-25%) vs $1.75 prior year.","MRI scan volume at HMCA sites up 1% to 188,348; two new scanners added in Florida, total managed 41.","Company adopted $9M stock repurchase plan in Sep 2022; 103,148 shares bought for $1.76M as of Jun 30 2023.","Founder Raymond Damadian died Aug 2022; son Timothy Damadian elected Chairman; COVID-related technologist shortage impacted early year."],"urls":{"canonical":"https://secwatch.observer/filing/0000355019-23-000048","json":"https://secwatch.observer/filing/0000355019-23-000048.json","markdown":"https://secwatch.observer/filing/0000355019-23-000048.md","text":"https://secwatch.observer/filing/0000355019-23-000048.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/355019/000035501923000048/0000355019-23-000048-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/355019/000035501923000048/fonar_8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T07:14:10.912371+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"39bdc2b56190e5bcb96d01cd3273d51bb9059034","claim":"FONAR CORP reported the fiscal year ended June 30, 2023 results: revenue $98.6 million, net income $12.1 million, EPS $1.32.","evidence_excerpt":"Total Revenues-Net increased by 1% to $98.6 million for the fiscal year ended June 30, 2023 versus the previous fiscal year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/355019/000035501923000048/0000355019-23-000048-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fiscal year ended June 30, 2023"},{"label":"Revenue","value":"$98.6 million"},{"label":"Net income","value":"$12.1 million"},{"label":"EPS","value":"$1.32"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}