secwatch.observer — SEC 8-K summary
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Issuer:     FONAR CORP (FONR)
CIK:        0000355019
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001731122-24-001767
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/355019/000173112224001767/0001731122-24-001767-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/355019/000173112224001767/fonar_8-k.htm
  HTML page:      https://secwatch.observer/filing/0001731122-24-001767

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