---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-24-000012"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2024-02-15T23:59:59+00:00"
generated_at: "2026-06-06T01:38:42.227673+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000355019-24-000012
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2024-02-15T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501924000012/0000355019-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501924000012/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-24-000012
- JSON: https://secwatch.observer/filing/0000355019-24-000012.json
- Plain text: https://secwatch.observer/filing/0000355019-24-000012.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/355019/000035501924000012/0000355019-24-000012-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.