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.

Employee Rating

3.0More
TypePublic
HQMelville, US
Founded1978
Size (employees)525 (est)+5%
Websitefonar.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, (HQ)
110 Marcus Dr
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Fonar Financials and Metrics

Fonar Revenue

Fonar's revenue was reported to be $81.52 m in FY, 2018
USD

Revenue (Q1, 2019)

20.7m

Net income (Q1, 2019)

4.5m

EBIT (Q1, 2019)

5.5m

Market capitalization (12-Dec-2018)

138.6m

Closing stock price (12-Dec-2018)

21.4

Cash (30-Sep-2018)

21.2m
Fonar's current market capitalization is $138.6 m.
Annual
USDY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

49.1m68.5m69.1m73.4m78.0m81.5m

Revenue growth, %

39%1%6%

R&D expense

1.8m1.8m1.6m1.5m1.8m

Operating expense total

56.2m56.2m59.0m58.9m61.8m
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Revenue

17.6m17.0m18.0m17.6m18.4m18.6m18.7m18.4m20.0m19.3m20.2m21.0m20.7m

General and administrative expense

4.4m3.9m3.6m3.8m4.1m4.5m4.1m4.1m4.5m4.1m3.3m5.5m4.3m

R&D expense

374.0k360.0k397.0k436.0k412.0k395.0k412.0k361.0k332.0k349.0k407.0k503.0k437.0k

Operating expense total

14.3m14.7m14.5m14.0m14.1m14.5m14.0m13.8m14.0m14.5m14.4m16.6m15.2m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

7.9m10.0m9.4m8.5m10.1m19.6m

Accounts Receivable

4.4m4.5m3.8m4.4m3.8m

Inventories

2.1m2.4m2.2m2.1m1.6m1.4m

Current Assets

37.9m42.8m43.6m45.6m53.4m67.1m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Cash

9.2m9.4m9.6m10.7m11.7m7.8m11.0m13.0m13.1m8.0m7.7m7.8m11.3m14.2m15.4m21.2m

Accounts Receivable

5.4m4.4m5.2m4.6m4.6m4.3m4.6m4.3m3.6m4.5m4.2m3.6m4.2m

Inventories

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

Current Assets

41.1m43.5m43.3m45.6m46.8m43.1m46.9m48.7m50.9m47.0m48.4m50.8m56.1m60.2m61.2m70.6m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

10.3m13.4m15.4m18.8m23.7m25.5m

Depreciation and Amortization

2.4m3.8m3.5m3.3m3.5m3.9m

Inventories

117.9k(366.4k)251.7k117.5k450.0k192.9k

Accounts Payable

628.0k(270.5k)(699.6k)(528.0k)168.7k(123.0k)
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019

Net Income

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

Depreciation and Amortization

982.0k2.0m2.9m888.0k1.8m2.7m829.0k1.7m2.5m856.0k1.7m2.6m959.0k2.0m2.9m922.0k

Inventories

(49.0k)(485.0k)(433.0k)22.0k80.0k158.0k(104.0k)(67.0k)(43.0k)(140.0k)(661.0k)(596.0k)(64.0k)(71.0k)(13.0k)(218.0k)

Accounts Payable

(58.0k)189.0k110.0k323.0k(84.0k)(178.0k)(187.0k)(491.0k)(437.0k)50.0k216.0k(72.0k)183.0k(58.0k)(164.0k)210.0k
USDY, 2018

Financial Leverage

1.1 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

Magnetic Resonance Imaging Systems Market Explore Future Growth 2016 and 2022 by Global Top Players -Aurora Imaging Technology, Esaote, Fonar Corporation, GE Healthcare, Hitachi Medical Corporation, IMRIS, Neusoft Medical Systems, Philips Healthcare, Siem

Worldwide Market Reports has announced the addition of the “EMEA (Europe, Middle East and Africa) Magnetic Resonance Imaging Systems Market Report 2018”,, Report offering you more creative solutions that combine our deep geographic experience, intimate sector knowledge and clear insights into how to…

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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Fonar Frequently Asked Questions

  • When was Fonar founded?

    Fonar was founded in 1978.

  • How many employees does Fonar have?

    Fonar has 525 employees.

  • What is Fonar revenue?

    Latest Fonar annual revenue is $81.5 m.

  • What is Fonar revenue per employee?

    Latest Fonar revenue per employee is $155.3 k.

  • Who are Fonar competitors?

    Competitors of Fonar include Eckert & Ziegler, Diagnostic Medical Systems (DMS) and Lucid Inc.

  • Where is Fonar headquarters?

    Fonar headquarters is located at 110 Marcus Dr, Melville.

  • Where are Fonar offices?

    Fonar has an office in Melville.

  • How many offices does Fonar have?

    Fonar has 1 office.