---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-24-000024"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2024-05-16T23:59:59+00:00"
generated_at: "2026-06-01T21:55:53.362561+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.72
calibrated_materiality_score: 0.72
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000355019-24-000024
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2024-05-16T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.72
- calibrated_materiality_score: 0.72
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501924000024/0000355019-24-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501924000024/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-24-000024
- JSON: https://secwatch.observer/filing/0000355019-24-000024.json
- Plain text: https://secwatch.observer/filing/0000355019-24-000024.txt

## Key facts
- Earnings Releases
  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
  source text: Total Revenues-Net for the nine-month period ended March 31, 2024 increased 6% to $76.9 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/355019/000035501924000024/0000355019-24-000024-index.htm
- Earnings Releases
  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
  source text: Total Revenues-Net for the quarter ended March 31, 2024 increased 1% to $25.7 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/355019/000035501924000024/0000355019-24-000024-index.htm

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