Highest-materiality recent filing
FONAR completes going-private merger; stockholders receive $19.00–$10.50 per share
Common and Class B common holders get $19.00/share; Class C gets $6.34; Class A preferred gets $10.50.
FONAR stockholders approve merger with FONAR, LLC; closing set for June 3
Merger Proposal approved: 13,124,769 for, 551,079 against, 17,171 abstain.
Fonar discloses supplemental proxy details after shareholder litigation; vote May 28
Voluntarily supplements proxy statement to address shareholder allegations of inadequate disclosure in going-private merger with CEO Timothy Damadian.
FONAR Q3 net income down 25% to $2.3M; shareholder vote on take-private set for May 28
Diluted EPS $0.24, down 35% YoY; revenue $26.5M, down 3% from $27.2M.
FONAR Q2 net income up 15% to $2.5M; merger price raised to $19.00/share
Q2 revenue $25.5M (+2% YoY); net income $2.5M (+15% YoY); diluted EPS $0.31 (+7% YoY).
FONAR Corporation enters into merger agreement to be taken private by CEO-led group at $19/share
Merger: CEO-led group to acquire Fonar at $19/sh common, $6.34 Class C, $10.50 Class A preferred.
Fonar Reports Q1 Fiscal 2026 Results: Revenue Up 4% but Net Income Falls 33%
Total revenues increased 4% to $26.0 million for the quarter ended September 30, 2025.
FONAR reports FY2025 net income down 24% to $10.7M, EPS $1.23
Revenue +1% to $104.4M; net income -24% to $10.7M; diluted EPS $1.23 vs $1.53.
FONAR Special Committee receives take-private proposal at $17.25/sh from CEO-led group
CEO Timothy Damadian's group offers $17.25/share for all FONR shares not currently owned.
FONAR receives non-binding take-private proposal from CEO-led group at 10%+ premium
Premium >=10% over 90-day avg closing price ending July 1, 2025; group owns 5.01% currently.
FONAR receives non-binding take-private proposal from CEO-led group at ≥10% premium to 90-day avg
CEO Timothy Damadian leads Proposed Acquisition Group to acquire all outstanding shares not currently owned at ≥10% premium to 90-day average closing price prior to July 1, 2025.
Fonar appoints Robert Carrino as independent director; HMCA now manages 44 MRI scanners
Robert M. Carrino appointed to fill board vacancy left by Claudette J.V. Chan, who retired June 19, 2025.
FONAR director and secretary Claudette J.V. Chan retires effective June 19, 2025
Claudette J.V. Chan retired from the Board of Directors and as Secretary, effective June 19, 2025.
FONAR Q3 fiscal 2025 net income up 25% to $3.1M; diluted EPS $0.37 vs $0.27
Net income rose 25% to $3.1M for Q3 ended 3/31/25; diluted EPS increased 37% to $0.37 from $0.27 a year ago.
Fonar shareholders re-elect all five directors, approve say-on-pay and auditor ratification
Directors Timothy Damadian, Claudette Chan, Ronald Lehman, Richard Turk, Jessica Maher re-elected with >10.8M votes each.
FONAR Q2 net income drops 48% to $2.4M; revenue down 2% to $25.0M
Diluted EPS fell 44% to $0.30 vs $0.54 in Q2 FY2024; operating income down 48% to $2.6M.
Fonar dismisses Marcum LLP as auditor, appoints CohnReznick LLP effective Dec 11, 2024
Audit Committee completed competitive process; Marcum LLP dismissed effective December 11, 2024.
FONAR Q1 FY2025 revenue down 3% to $25.0M; net income falls 25% to $4.0M
Total net revenue $25.0M (-3% YoY); net income $4.0M (-25%); diluted EPS $0.46 (-22% YoY).
FONAR FY2024 net income +16% to $14.1M ($1.53 EPS); revenue $102.9M (+4%)
Total revenues $102.9M, up 4% YoY; income from operations $16.5M, up 12%.
Fonar shareholders re-elect all five director nominees at 2024 annual meeting
All five incumbent directors re-elected: Timothy R. Damadian, Claudette J.V. Chan, Ronald G. Lehman, Richard E. Turk, Jessica Maher.
FONAR Q3 fiscal 2024 net income declines 45% to $2.5M; nine-month net income up 25%
Q3 revenue $25.7M (+1% YoY); operating income $3.7M (-10% YoY).
Fonar Q2 net income up 64% to $4.6M; EPS $0.54; six-month revenue +8%
Q2 revenue $25.4M (+5% YoY); six-month revenue $51.2M (+8% YoY).
Fonar Q1 fiscal 2024 net income doubles to $5.4M; diluted EPS $0.59 vs $0.29
Total revenues net up 11% to $25.8M; income from operations up 68% to $6.6M.
FONAR fiscal 2023 revenue up 1% to $98.6M but net income down 30% to $12.1M; EPS $1.32
Revenue $98.6M (+1% YoY); costs and expenses surged 11% to $83.9M, crushing operating income down 33% to $14.8M.
Fonar shareholders elect all five director nominees and approve advisory say-on-pay
All five sitting directors re-elected: Timothy Damadian, Claudette Chan, Ronald Lehman, Richard Turk, Jessica Maher.
FONAR Q3 net income up 37% to $4.5M; MRI scan volume sets record at 49,451
Q3 revenue $25.4M (+3% YoY); diluted EPS $0.55 (+72% vs $0.32).
Fonar appoints Jessica Maher as independent director; John Collins takes full-time role
Jessica Maher appointed independent director and audit committee member effective March 20, 2023; fills vacancy from John Collins.
FONAR Q2 net income falls 45%; revenue down 1% to $24.3M
Q2 revenue $24.3M (-1% YoY); six-month revenue $47.4M (-2% YoY).
Fonar hires Laurel Hill to assist with $9M share buyback as only $200k repurchased to date
Fonar engaged Laurel Hill Advisory Group as Information Agent for its $9 million share repurchase program announced September 2022.
Fonar Q1 EPS $0.29 vs $0.55 YoY; revenue down 2%; scan volume falls 8.3%
Diluted EPS $0.29 vs $0.55; net income $2.7M vs $5.2M, down 48%.
FONAR fiscal 2022 earnings: revenue $97.6M (+9%), net income $17.2M (+26%), EPS $1.75
Total revenues net increased 9% to $97.6M; income from operations up 29% to $22.0M; net income up 26% to $17.2M.
FONAR founder and Chairman Raymond Damadian dies at 86
Chairman Raymond V. Damadian, founder of FONAR and inventor of MRI, passed away on August 3, 2022.
Fonar annual meeting: all directors re-elected, say-on-pay and auditor ratified
All five incumbent directors elected; Raymond V. Damadian received 10,871,217 for, 2,060,860 withheld.
FONAR Q3 fiscal 2022 net income $3.3M ($0.32 diluted EPS) down from $4.3M ($0.54) a year ago
Total revenues-net up 6% to $24.6M vs $23.1M in Q3 last year; nine-month revenues $72.8M (+12%).
FONAR Q2 fiscal 2022 net income up 31% to $5.1M; revenues up 16% to $24.5M
Six-month revenues $48.2M (+14% YoY); net income $10.3M (+44% YoY); diluted EPS $1.11 (+39% YoY).
Fonar appoints John Collins as independent director to replace deceased Charles O'Data
John Collins appointed to fill board and audit committee vacancy after death of Charles N. O'Data.
FONAR Q1 fiscal 2022 revenue up 13% to $23.7M, EPS $0.55 (+53% YoY), record scan volume of 48,469
Net income rose 59% to $5.2M; diluted EPS $0.55 vs $0.36 a year ago.
FONAR reports fiscal 2021 diluted EPS of $1.45, up 23% YoY; revenue $89.9M, +5%
Diluted EPS $1.45 (+23% YoY); net income $13.7M (+17%); operating income $17.1M (+25%).
each of the following directors of the Company resigned as a member of the Company’s board of directors, effective as of the Effective Time: Ronald G. Lehman II, Richard E. Turk, Jessica Maher and Robert M. Carrino.
each of the following directors of the Company resigned as a member of the Company’s board of directors, effective as of the Effective Time: Ronald G. Lehman II, Richard E. Turk, Jessica Maher and Robert M. Carrino.
each of the following directors of the Company resigned as a member of the Company’s board of directors, effective as of the Effective Time: Ronald G. Lehman II, Richard E. Turk, Jessica Maher and Robert M. Carrino.
each of the following directors of the Company resigned as a member of the Company’s board of directors, effective as of the Effective Time: Ronald G. Lehman II, Richard E. Turk, Jessica Maher and Robert M. Carrino.
On June 18, 2025, Claudette J.V. Chan, a member of the Board of Directors and the Secretary of FONAR Corporation (the “Company”), notified the Company of her intention to retire from the Company's Board of Directors, and to retire as Secretary of the Company, effective June 19, 2025.
The board of directors reported the appointment of Jessica Maher as a replacement independent director to a vacancy on the Company ́s board of directors and audit committee in a press release dated March 20, 2023.
Mrs. Maher fills the vacancy on the board of directors left by John Collins who has accepted a full-time position with FONAR.
Fonar Corporation and it’s board of directors reported the passing of its Chairman of the Board of Directors, Raymond V. Damadian, on August 3, 2022
The board of directors reported the appointment of John Collins as a replacement independent director to a vacancy on the Company ́s board of directors and audit committee
Mr. Collins was selected by the remaining four directors of the Company to fill the vacancy in the Board of Directors resulting from the unfortunate death of Charles N O’Data.
Max materiality 1.00 · Median 0.70 · Most common event earnings