---
schema_version: "secwatch.filing_event.v1"
accession: "0001731122-24-001767"
form_type: "8-K"
ticker: "FONR"
cik: "0000355019"
company_name: "FONAR CORP"
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:26:02.078194+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# FONAR Q1 FY2025 revenue down 3% to $25.0M; net income falls 25% to $4.0M

## Summary
- 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).

## SEC filing metadata
- accession: 0001731122-24-001767
- form_type: 8-K
- ticker: FONR
- cik: 0000355019
- company_name: FONAR CORP
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/355019/000173112224001767/0001731122-24-001767-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/355019/000173112224001767/fonar_8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001731122-24-001767
- JSON: https://secwatch.observer/filing/0001731122-24-001767.json
- Plain text: https://secwatch.observer/filing/0001731122-24-001767.txt

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