Fonar is engaged in the business of designing, manufacturing, selling and servicing magnetic resonance imaging (MRI) scanners, which utilizes MRI technology for the detection and diagnosis of human disease, abnormalities, other medical conditions and injuries. The Company offers Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. It markets its scanners to private diagnostic imaging centers and hospitals. Fonar also provides management services, administrative services, billing and collection services, office space, equipment, repair, maintenance service, and clerical and other non-medical personnel to medical providers engaged in diagnostic imaging.
Type
Public
HQ
Melville, US
Founded
1978
Size (employees)
500 (est)
Website
fonar.com
Fonar was founded in 1978 and is headquartered in Melville, US
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Fonar Office Locations

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

Fonar Revenue

Fonar's revenue was reported to be $73.37 m in FY, 2016 which is a 6.3% increase from the previous period.
USD

Revenue (Q3, 2018)

60.5 m

Net income (Q3, 2018)

14.1 m

EBIT (Q3, 2018)

15 m

Market capitalization (11-Jul-2018)

179.6 m

Closing share price (11-Jul-2018)

28

Cash (31-Mar-2018)

15.4 m
Fonar's current market capitalization is $179.6 m.
Annual
USDY, 2013FY, 2014FY, 2015FY, 2016

Revenue

49.1 m68.5 m69.1 m73.4 m

Revenue growth, %

39%1%6%

R&D expense

1.6 m

Operating expense total

1.6 m
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Revenue

17.6 m18.4 m18.6 m18.7 m18.4 m20 m60.5 m

General and administrative expense

3.8 m4.1 m4.5 m4.1 m4.1 m4.5 m12.9 m

R&D expense

436 k412 k395 k412 k361 k332 k1.3 m

Operating expense total

14 m14.1 m14.5 m14 m13.8 m14 m45.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

7.9 m10 m9.4 m8.5 m

Accounts Receivable

4.4 m4.5 m3.8 m4.4 m

Inventories

2.1 m2.4 m2.2 m2.1 m

Current Assets

37.9 m42.8 m43.6 m45.6 m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Cash

9.2 m9.4 m9.6 m10.7 m11.7 m7.8 m11 m13 m13.1 m8 m7.7 m7.8 m15.4 m

Accounts Receivable

3.6 m

Inventories

2.1 m2.6 m2.5 m2.4 m2.4 m2.3 m2.3 m2.3 m2.2 m2.2 m2.7 m2.7 m1.6 m

Current Assets

41.1 m43.5 m43.3 m45.6 m46.8 m43.1 m46.9 m48.7 m50.9 m47 m48.4 m50.8 m61.2 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

10.3 m13.4 m15.4 m18.8 m

Depreciation and Amortization

2.4 m3.8 m3.5 m3.3 m

Inventories

117.9 k(366.4 k)251.7 k117.5 k

Accounts Payable

628 k(270.5 k)(699.6 k)(528 k)
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Net Income

3.6 m6.7 m8.8 m3.3 m6.7 m9.2 m3.5 m7.6 m11.5 m4.5 m9.4 m16.6 m14.1 m

Depreciation and Amortization

982 k2 m2.9 m888 k1.8 m2.7 m829 k1.7 m2.5 m856 k1.7 m2.6 m2.9 m

Inventories

(49 k)(485 k)(433 k)22 k80 k158 k(104 k)(67 k)(43 k)(140 k)(661 k)(596 k)(13 k)

Accounts Payable

(58 k)189 k110 k323 k(84 k)(178 k)(187 k)(491 k)(437 k)50 k216 k(72 k)(164 k)
USDY, 2018

Financial Leverage

1.2 x
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Fonar Revenue Breakdown

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Fonar revenue breakdown by business segment: 85.3% from Management of Diagnostic Imaging Centers and 14.7% from Manufacturing and Servicing of Medical Equipment

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Fonar Online and Social Media Presence

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Fonar News and Updates

One corner of the stock market sees even crazier trading than bitcoin

Bitcoin is known for its wild price swings, but there's one sector of the stock market that is even crazier, according to Don Ross, the chief executive officer of PDQ Enterprises. Ross told Business Insider trading in US small caps can be even more volatile than bitcoin. He thinks an auction mo…
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Fonar Company Life and Culture

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