Fonar Q2 net income up 64% to $4.6M; EPS $0.54; six-month revenue +8%

FONAR CORP

Q2 revenue $25.4M (+5% YoY); six-month revenue $51.2M (+8% YoY).
Q2 net income $4.6M (+64%); diluted EPS $0.54 (+69%); six-month net income $10.0M (+83%).
Q2 operating income $4.9M (+15%); six-month $11.4M (+41%); SG&A fell 15% to $5.6M.
MRI scan volume record: six-month 101,990 (+13% YoY); Q2 51,246 (+12.8%).
Cash & equivalents $53.3M (up from $51.3M at June 30); 218,656 shares repurchased for $3.64M.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FONAR CORP reported the six month period and 2nd quarter of fiscal 2024 which ended December 31, 2023 results: revenue $25.4 million, net income $4.6 million, EPS $0.54.

Period: the six month period and 2nd quarter of fiscal 2024 which ended December 31, 2023
Revenue: $25.4 million
Net income: $4.6 million
EPS: $0.54
Result: reported results

Exact text from the filing

2023. Total Revenues-Net for the six month period ended December 31, 2023 increased by 8% to $51.2 million, and for the quarter ended December 31, 2023 increased by 5% to $25.4 million, versus corresponding periods one year earlier. Income from Operations for the six month period ended December 31, 2023 increased 41% to $11.4 million, and for the quarter ended

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FONAR CORP filing history →

Source: SEC EDGAR

accession 0000355019-24-000012

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