Fonar Q1 fiscal 2024 net income doubles to $5.4M; diluted EPS $0.59 vs $0.29

FONAR CORP

Total revenues net up 11% to $25.8M; income from operations up 68% to $6.6M.
MRI scan volume at HMCA sites rose 14% to record 50,744 scans.
Diluted EPS doubled to $0.59; book value per share up 7% to $23.88.
Cash and equivalents $51.7M; working capital $114.9M, current ratio 9.1.
Repurchased 146,359 shares for $2.47M under $9M buyback plan; now exclusive distributor of SwiftMR AI software.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.8

FONAR CORP reported the 1st Quarter of Fiscal 2024 which ended September 30, 2023 results: revenue $25.8 million, net income $5.4 million, EPS $0.59.

Period: the 1st Quarter of Fiscal 2024 which ended September 30, 2023
Revenue: $25.8 million
Net income: $5.4 million
EPS: $0.59
Result: reported results

Exact text from the filing

* Cash and cash equivalents increased 1% to $51.7 million at September 30, 2023 as compared to the fiscal year-ended June 30, 2023. * Total Revenues - Net increased by 11% to $25.8 million for the quarter ended September 30, 2023 versus the corresponding quarter one year earlier. * Income from Operations increased 68% to $6.6 million for the quarter ended

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

FONAR CORP filing history →

Source: SEC EDGAR

accession 0000355019-23-000059

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.