secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0000355019-24-000012
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501924000012/0000355019-24-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501924000012/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-24-000012

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer