secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2023-11-15T23:59:59+00:00
Accession:  0000355019-23-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501923000059/0000355019-23-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501923000059/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-23-000059

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