FONAR Q3 net income down 25% to $2.3M; shareholder vote on take-private set for May 28

FONAR CORP

• Diluted EPS $0.24, down 35% YoY; revenue $26.5M, down 3% from $27.2M.
• Operating income $2.4M, down 33%; SG&A up 5% to $8.4M.
• Record Q3 scan volume of 55,660 scans, up 1.5% sequentially; HMCA manages 45 MRI scanners.
• Cash and equivalents $53.8M, down 4% from June 30, 2025.
• Share repurchases suspended; special meeting to approve go-private merger scheduled for May 28, 2026.

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