FONAR Q2 net income up 15% to $2.5M; merger price raised to $19.00/share

FONAR CORP

Q2 revenue $25.5M (+2% YoY); net income $2.5M (+15% YoY); diluted EPS $0.31 (+7% YoY).
Cash & equivalents $53.1M at Dec 31, 2025, down 6% from June 30, 2025.
Operating cash flow 6-month fell 52% to $1.9M; scan volume 54,846 (flat vs prior quarter, +3.3% YoY).
Definitive merger agreement signed Dec 29, 2025; take-private price increased to $19.00 per share from $17.25.
HMCA manages 45 MRI scanners; added high-field MRI at Lynbrook site boosting volume 30%.

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