earnings
confidence high
sentiment negative
materiality 0.65
FONAR Q1 FY2025 revenue down 3% to $25.0M; net income falls 25% to $4.0M
FONAR CORP
- Total net revenue $25.0M (-3% YoY); net income $4.0M (-25%); diluted EPS $0.46 (-22% YoY).
- HMCA-managed MRI scans up 5% to 53,054 YoY, but QoQ down 2.8% due to Hurricane Helene disruption.
- HMCA segment revenue down 4% to $22.8M; patient fee revenue fell 14% to $7.5M.
- Cash $54.2M (-4% from June 30, 2024); $4.6M spent on stock buyback under $9M plan (283,770 shares).
- Added high-field MRI in Naples, FL; now 43 managed scanners (25 NY, 18 FL).