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.
Melville, US
Size (employees)
500 (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
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Fonar Financials and Metrics

Fonar Financials

Fonar's revenue was reported to be $73.4 m in FY, 2016

Revenue (Q3, 2017)

20 m

Net income (Q3, 2017)

7.1 m

EBIT (Q3, 2017)

6 m

Market capitalization (16-Feb-2018)

634.7 m

Cash (31-Mar-2017)

7.8 m
Fonar's current market capitalization is $634.7 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

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


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

R&D expense

436 k412 k395 k412 k361 k332 k

General and administrative expense

3.8 m4.1 m4.5 m4.1 m4.1 m4.5 m

Operating expense total

14 m14.1 m14.5 m14 m13.8 m14 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
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017


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


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


1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m3.3 m3.3 m3.3 m
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)
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

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 m

Depreciation and Amortization

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


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

Accounts Payable

(58 k)189 k110 k323 k(84 k)(178 k)(187 k)(491 k)(437 k)50 k216 k(72 k)
USDY, 2017


40 k

Financial Leverage

1.2 x
Show all financial metrics

Fonar Market Value History

Fonar Revenue Breakdown

Fonar's Web-traffic and Trends

Fonar Online and Social Media Presence

Fonar News and Updates

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Fonar Company Life and Culture

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