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 Data and Metrics

Fonar Financial Metrics

Fonar's revenue was reported to be $73.4 m in FY, 2016 which is a 6% increase from the previous period.

Revenue (FY, 2016)

73.4 m

Revenue growth (FY, 2015 - FY, 2016), %


Net income (FY, 2016)

18.8 m

EBIT (FY, 2016)

14.4 m

Market capitalization (19-Jul-2017)

190.7 m

Closing share price (19-Jul-2017)


Cash (30-Jun-2016)

8.5 m
Fonar's current market capitalization is $190.7 m.
USDY, 2013FY, 2014FY, 2015FY, 2016


49.1 m68.5 m69.1 m73.4 m

Revenue growth, %


R&D expense

1.6 m

Operating expense total

41.6 m56.2 m56.2 m59 m


7.5 m12.3 m12.9 m14.4 m

EBIT margin, %


Interest expense

(500.4 k)884.5 k702.1 k262.2 k

Income tax expense

2.3 m2.3 m2.6 m(4.3 m)

Net Income

10.3 m13.4 m15.4 m18.8 m
USDFY, 2013FY, 2014FY, 2015FY, 2016


7.9 m10 m9.4 m8.5 m

Accounts Receivable

4.4 m4.5 m3.8 m4.4 m


2.1 m2.4 m2.2 m2.1 m

Current Assets

37.9 m42.8 m43.6 m45.6 m


1.8 m1.8 m1.8 m3.3 m

Total Assets

73.2 m76.8 m76.5 m84.9 m

Accounts Payable

2.8 m2.5 m1.8 m1.3 m

Current Liabilities

21.1 m21.2 m18.8 m20.6 m

Non-Current Liabilities

14.2 m9.7 m6.9 m3.5 m

Total Liabilities

35.4 m30.9 m25.7 m24.1 m

Retained Earnings

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

Total Equity

37.8 m45.9 m50.8 m60.8 m

Financial Leverage

1.9 x1.7 x1.5 x1.4 x
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


117.9 k(366.4 k)251.7 k117.5 k

Accounts Payable

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

Cash From Operating Activities

7.5 m13.4 m13.3 m16.6 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)

Cash From Financing Activities

29.6 m(10.4 m)(13.5 m)(12.5 m)
USDY, 2016


157.8 k

Financial Leverage

1.4 x

Fonar Market Value History

Fonar Revenue Breakdown

Fonar Online and Social Media Presence

Fonar Company Life and Culture

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