---
schema_version: "secwatch.filing_event.v1"
accession: "0000355019-25-000012"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2025-02-19T23:59:59+00:00"
generated_at: "2026-05-26T12:38:53.548477+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# FONAR Q2 net income drops 48% to $2.4M; revenue down 2% to $25.0M

## Summary
- Diluted EPS fell 44% to $0.30 vs $0.54 in Q2 FY2024; operating income down 48% to $2.6M.
- SG&A rose 24% to $6.9M, partly due to reserve against American Transit Insurance Co. receivables.
- HMCA-managed MRI scan volume up 3.65% YoY to 53,114 in Q2; managed sites volume up 7% in H1.
- Cash and investments decreased 5% to $53.7M from June 30, 2024; net book value per share $25.66.
- As of Dec 31, 2024, company repurchased 343,485 shares for $5.6M under $9M buyback plan.

## SEC filing metadata
- accession: 0000355019-25-000012
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2025-02-19T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000035501925000012/0000355019-25-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000035501925000012/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000355019-25-000012
- JSON: https://secwatch.observer/filing/0000355019-25-000012.json
- Plain text: https://secwatch.observer/filing/0000355019-25-000012.txt

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