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)
Melville, US
Size (employees)
501 (est)
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 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 (13-Nov-2017)

526.6 m

Cash (31-Mar-2017)

7.8 m
Fonar's current market capitalization is $526.6 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


39.9 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 Company Life and Culture

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