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™.

Company Growth (employees)
Type
Public
HQ
Melville, US
Founded
1978
Size (employees)
501 (est)
Website
fonar.com
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 $20 m in Q3, 2017
USD

Revenue (Q3, 2017)

20 m

Net income (Q3, 2017)

16.6 m

EBIT (Q3, 2017)

6 m

Market capitalization (19-Sep-2017)

713.9 m

Cash (31-Mar-2017)

7.8 m
Fonar's current market capitalization is $713.9 m.
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
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

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

4.2 m4.5 m4.9 m4.5 m4.4 m4.8 m
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
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

10.7 m11.7 m7.8 m11 m13 m13.1 m8 m7.7 m7.8 m

Inventories

2.4 m2.4 m2.3 m2.3 m2.3 m2.2 m2.2 m2.7 m2.7 m

Current Assets

45.6 m46.8 m43.1 m46.9 m48.7 m50.9 m47 m48.4 m50.8 m

Goodwill

1.8 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

Inventories

117.9 k(366.4 k)251.7 k117.5 k

Accounts Payable

628 k(270.5 k)(699.6 k)(528 k)
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

3.3 m6.7 m9.2 m3.5 m7.6 m11.5 m4.5 m9.4 m16.6 m

Depreciation and Amortization

888 k1.8 m2.7 m829 k1.7 m2.5 m856 k1.7 m2.6 m

Inventories

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

Accounts Payable

323 k(84 k)(178 k)(187 k)(491 k)(437 k)50 k216 k(72 k)
USDY, 2017

Revenue/Employee

39.9 k

Financial Leverage

1.2 x
Show all financial metrics

Fonar Market Value History

Fonar Revenue Breakdown

Traffic Overview of Fonar

Fonar Online and Social Media Presence

Fonar Company Life and Culture

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