secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2025-02-19T23:59:59+00:00
Accession:  0000355019-25-000012
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000035501925000012/0000355019-25-000012-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000035501925000012/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0000355019-25-000012

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