FONAR Q3 fiscal 2024 net income declines 45% to $2.5M; nine-month net income up 25%

FONAR CORP

Q3 revenue $25.7M (+1% YoY); operating income $3.7M (-10% YoY).
Q3 diluted EPS $0.27, down 51% from $0.55 a year ago.
Nine-month revenue $76.9M (+6%); net income $12.5M (+25%); diluted EPS $1.40 (+21%).
HMCA-managed MRI scan volume hit Q3 record of 52,800; nine-month record 154,790 (+11%).
Cash and short-term investments $54.1M; company repurchased 218,656 shares under $9M buyback plan.

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 nine-month period ended March 31, 2024 results: revenue $76.9 million, net income $12.5 million, EPS $1.40.

Period: the nine-month period ended March 31, 2024
Revenue: $76.9 million
Net income: $12.5 million
EPS: $1.40
Result: reported results

Exact text from the filing

Total Revenues-Net for the nine-month period ended March 31, 2024 increased 6% to $76.9 million

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FONAR CORP reported the 3rd fiscal 2024 quarter and nine-month period ended March 31, 2024 results: revenue $25.7 million, net income $2.5 million, EPS $0.27.

Period: the 3rd fiscal 2024 quarter and nine-month period ended March 31, 2024
Revenue: $25.7 million
Net income: $2.5 million
EPS: $0.27
Result: reported results

Exact text from the filing

Total Revenues-Net for the quarter ended March 31, 2024 increased 1% to $25.7 million

View on SEC.gov

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Source: SEC EDGAR

accession 0000355019-24-000024

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