Fonar Announces 2nd Quarter and Six Months Financial Results for Fiscal 2021
February 16, 2021 08:00 ET
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Fonar Corporation
The 38th HMCA-managed MRI scanner recently became operational at the White Plains, New York scanning center.The COVID-19 pandemic continues to be a hindrance to business. Total Revenues-Net decreased...
Fonar Announces Financial Results For 1st Fiscal Quarter of 2021
November 12, 2020 07:01 ET
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Fonar Corporation
The negative impact of COVID-19 on scan volume at all MRI imaging centers managed by FONAR’s subsidiary, Health Management Company of America (HMCA), continued throughout the first quarter of fiscal...
FONAR Announces Fiscal 2020 Financial Results
September 28, 2020 19:21 ET
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Fonar Corporation
COVID-19 continued to affect imaging center scan volumes in Q4. However, the Company recovered to nearly 75% of pre-COVID-19 levels by the end of Q4.Total MRI scan volume at the HMCA-managed sites...
FONAR Set to Join Russell 3000 and 2000 Indexes
June 25, 2020 07:00 ET
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Fonar Corporation
MELVILLE, N. Y., June 25, 2020 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, reported today that upon the opening of U.S. markets on June 29, 2020, FONAR will,...
FONAR Board of Directors Appoints Independent Director
June 09, 2020 08:01 ET
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Fonar Corporation
MELVILLE, N.Y., June 09, 2020 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, today announced that on June 4, 2020, its board of directors appointed Richard E....
FONAR Announces Fiscal 2020 3rd Quarter and Nine Months Financial Results; Company Balance Sheet Remains Strong Amid COVID-19 Crisis
May 11, 2020 20:50 ET
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Fonar Corporation
COVID-19 drastically affects imaging center scan volumes and delays installations of two MRI scanners until 1st Quarter of Fiscal 2021. Upon their completion, FONAR subsidiary, HMCA, will...
FONAR Announces Fiscal 2020 2nd Quarter and Six Months Financial Results
February 10, 2020 07:05 ET
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Fonar Corporation
Total MRI scan volume at the HMCA-managed sites increased 5% to approximately 94,000 scans, as compared to the same six month period ending December 31, 2018 of approximately 89,000 scans.The 35th...
FONAR Announces First Quarter Sales Up 5% To $21.7 Million
November 12, 2019 16:53 ET
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Fonar Corporation
Total Revenues-Net increased by 5% to $21.7 million for the quarter ended September 30, 2019, versus same quarter one year earlier.Income from Operations remained approximately the same at $5.5...
FONAR Celebrates the 50th Anniversary of the Origination of the MRI
September 19, 2019 11:00 ET
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Fonar Corporation
MELVILLE, N.Y., Sept. 19, 2019 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, celebrated a special anniversary on September 17, 2019: It was 50 years ago that...
FONAR Announces Year-End Earnings For Fiscal 2019
September 13, 2019 16:35 ET
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Fonar Corporation
Cash and cash equivalents and Short term investments increased by 48% to $29.0 million during the fiscal year ended June 30, 2019.Total Revenues-Net increased by 7% to $87.2 million for the fiscal...