$176.7 M

FONR Mkt cap, 22-Jun-2018

$60.5 M

Fonar Revenue Q3, 2018
Fonar Net income (Q3, 2018)14.1 M
Fonar EBIT (Q3, 2018)15 M
Fonar Cash, 31-Mar-201815.4 M

Fonar Revenue Breakdown

Embed Graph

Fonar revenue breakdown by business segment: 85.3% from Management of Diagnostic Imaging Centers and 14.7% from Manufacturing and Servicing of Medical Equipment

Fonar Financials

Fonar Income Statement

Annual

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

EBIT

7.5 m12.3 m12.9 m14.4 m

EBIT margin, %

15%18%19%20%

Interest expense

500.4 k884.5 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

Quarterly

USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Revenue

17.6 m18.4 m18.6 m18.7 m18.4 m20 m60.5 m

R&D expense

436 k412 k395 k412 k361 k332 k1.3 m

General and administrative expense

3.8 m4.1 m4.5 m4.1 m4.1 m4.5 m12.9 m

Operating expense total

14 m14.1 m14.5 m14 m13.8 m14 m45.5 m

EBIT

3.6 m4.2 m4.1 m4.8 m4.6 m6 m15 m

EBIT margin, %

21%23%22%25%25%30%25%

Interest expense

150 k139 k127 k98 k77 k69 k138 k

Income tax expense

50 k40 k145 k200 k

Net Income

3.3 m6.7 m9.2 m3.5 m4.1 m3.9 m4.5 m4.9 m7.1 m14.1 m

Fonar Balance Sheet

Annual

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

Goodwill

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

Quarterly

USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

Cash

9.2 m9.4 m9.6 m10.7 m11.7 m7.8 m11 m13 m13.1 m8 m7.7 m7.8 m15.4 m

Accounts Receivable

3.6 m

Inventories

2.1 m2.6 m2.5 m2.4 m2.4 m2.3 m2.3 m2.3 m2.2 m2.2 m2.7 m2.7 m1.6 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 m61.2 m

Goodwill

1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m1.8 m3.3 m3.3 m3.3 m4 m

Total Assets

75.6 m77.1 m76.1 m78.8 m79 m74.5 m79 m80.4 m82 m86.1 m88.3 m91.8 m106.5 m

Accounts Payable

2.7 m2.9 m2.9 m2.8 m2.4 m2.3 m1.6 m1.3 m1.3 m1.3 m1.5 m1.2 m1.3 m

Current Liabilities

22.4 m23.2 m22.2 m22 m20.9 m20.3 m19.7 m19 m18.6 m18.3 m17.3 m14.5 m12.3 m

Non-Current Liabilities

13 m11.8 m10.5 m8.6 m8 m7.3 m6.3 m5.8 m5.3 m2.2 m2 m1.9 m1.6 m

Total Liabilities

35.3 m35 m32.7 m30.7 m28.8 m27.5 m26 m24.8 m23.9 m20.5 m19.3 m16.4 m13.9 m

Common Stock

1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k1 k

Retained Earnings

(157.2 m)(155.1 m)(153.3 m)(146.7 m)(144.1 m)(142 m)(133.5 m)(130 m)(127 m)(117.1 m)(112.8 m)(106.9 m)(89.6 m)

Total Equity

40.3 m42.1 m43.4 m48.1 m50.2 m47 m53 m55.6 m58.1 m65.7 m69 m75.4 m92.6 m

Financial Leverage

1.9 x1.8 x1.8 x1.6 x1.6 x1.6 x1.5 x1.4 x1.4 x1.3 x1.3 x1.2 x1.2 x

Fonar Cash Flow

Annual

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)

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)

Quarterly

USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

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 m14.1 m

Depreciation and Amortization

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

Inventories

(49 k)(485 k)(433 k)22 k80 k158 k(104 k)(67 k)(43 k)(140 k)(661 k)(596 k)(13 k)

Accounts Payable

(58 k)189 k110 k323 k(84 k)(178 k)(187 k)(491 k)(437 k)50 k216 k(72 k)(164 k)

Cash From Operating Activities

(3.9 m)6.8 m9.3 m2.9 m5.9 m8.5 m3.5 m7.9 m10.3 m3.4 m6.7 m9.4 m12.6 m

Purchases of PP&E

(182 k)(277 k)(375 k)(26 k)(55 k)(125 k)(45 k)(409 k)(534 k)(599 k)(1.5 m)(1.8 m)(2.6 m)

Cash From Investing Activities

(229 k)(335 k)(547 k)(72 k)(122 k)(233 k)(64 k)(451 k)(599 k)(642 k)(1.6 m)(1.9 m)(2.7 m)

Cash From Financing Activities

(2.3 m)(4.9 m)(7.1 m)(2.1 m)(4.1 m)(10.4 m)(1.9 m)(4 m)(6 m)(3.2 m)(5.9 m)(8.3 m)(4.7 m)

Fonar Ratios

USDY, 2018

Financial Leverage

1.2 x
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