Fonar Corporation, the MRI Specialist™, is the world’s leading developer and manufacturer of MRI scanners. Throughout 25 years of invention, development and production, Fonar has been on the leading edge of innovation in the MRI industry. In 1980, Fonar revolutionized diagnostic imaging through the introduction of the world’s first commercial MRI scanner. Now Fonar has revolutionized diagnostic imaging with its Upright™ MRI, the world’s first MRI that performs Upright™ Imaging and Position Imaging™.

Melville, US
Size (employees)
501 (est)+8%
Fonar was founded in 1978 and is headquartered in Melville, US

Fonar Office Locations

Fonar has an office in Melville
Melville, US (HQ)
110 Marcus Dr

Fonar Metrics

Fonar Financial Metrics

Revenue (2016)

$2.1 m

Revenue growth (2015-16), %


Net income (2016)

$18.8 m

Market capitalization (21-Mar-2017)

$113.6 m

Closing share price (21-Mar-2017)


Cash (30-Jun-2016)

$8.5 m
Fonar's current market capitalization is $113.6 m.
Fonar's revenue was reported to be $2.1 m in FY, 2016 which is a 6.7% increase from the previous period.
Y, 2013FY, 2014FY, 2015FY, 2016


$49.1 m$2 m$2 m$2.1 m

Revenue growth, %


Operating expense total

$41.6 m$56.2 m$56.2 m$59 m


$7.5 m$12.3 m$12.9 m$14.4 m

EBIT margin, %


Interest expense

($500.4 k)$884.5 k$702.1 k$262.2 k

Income tax expense

$2.3 m$2.3 m$2.6 m($4.3 m)

Net Income

$10.3 m$13.4 m$15.4 m$18.8 m
FY, 2013FY, 2014FY, 2015FY, 2016


$7.9 m$10 m$9.4 m$8.5 m

Accounts Receivable


$2.1 m$2.4 m$2.2 m$2.1 m

Current Assets

$37.9 m$42.8 m$43.6 m$45.6 m


$1.8 m$1.8 m$1.8 m$3.3 m

Total Assets

$73.2 m$76.8 m$76.5 m$84.9 m

Accounts Payable

$2.8 m$2.5 m$1.8 m$1.3 m

Current Liabilities

$21.1 m$21.2 m$18.8 m$20.6 m

Non-Current Liabilities

$14.2 m$9.7 m$6.9 m$3.5 m

Total Liabilities

$35.4 m$30.9 m$25.7 m$24.1 m

Retained Earnings

($159.7 m)($149.3 m)($136.3 m)($120.6 m)

Total Equity

$37.8 m$45.9 m$50.8 m$60.8 m

Financial Leverage

1.9 x1.7 x1.5 x1.4 x
FY, 2013FY, 2014FY, 2015FY, 2016

Net Income

$10.3 m$13.4 m$15.4 m$18.8 m

Depreciation and Amortization

$2.4 m$3.8 m$3.5 m$3.3 m

Accounts Receivable


$117.9 k($366.4 k)$251.7 k$117.5 k

Accounts Payable

$628 k($270.5 k)($699.6 k)($528 k)

Cash From Operating Activities

$7.5 m$13.4 m$13.3 m$16.6 m

Purchases of PP&E

($1.1 m)($620.7 k)($131.3 k)($712.2 k)

Cash From Investing Activities

($41.3 m)($834.9 k)($270.8 k)($5 m)

Fonar Market Value History

Fonar Online Presence

Fonar Company Life

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