secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2024-05-16T23:59:59+00:00
Accession:  0000355019-24-000024
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501924000024/0000355019-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501924000024/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-24-000024

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