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Stock impact report

FONAR Announces Fiscal 2020 2nd Quarter and Six Months Financial Results

Fonar Corporation (FONR) 
US:NASDAQ Investor Relations: fonar.com/investor.htm
Company Research Source: GlobeNewswire
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 HMCA-managed MRI scanner became operational during the 2nd fiscal quarter. HMCA expects to add three additional MRI scanners by the end of fiscal 2020, for $5 million in capital expenditures, bringing the total number of MRI scanners under its management to 38.Total Revenues-Net increased by 3% to $43.2 million for the six months ended December 31, 2019, versus corresponding six months one year earlier.Income from Operations decreased 9% to $10.5 million for the six months ended December 31, 2019, versus corresponding six months one year earlier.Net Income decreased 7% to $8.7 million for the six months ended December 31, 2019, versus corresponding six months one year earlier.Diluted Net Income per Common Share Available to Common Stockholders decreased 7% to $0.92 for the six months ended D Show less Read more
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