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Stock impact report

FONR's Stock Down Despite Earnings, Revenues Uptick in Fiscal 2024 [Yahoo! Finance]

Fonar Corporation (FONR) 
US:NASDAQ Investor Relations: fonar.com/investor.htm
Company Research Source: Yahoo! Finance
FONR's Revenues in Detail FONAR registered revenues of $102.9 million in fiscal 2024, up 4.3% from $98.6 million in the comparable fiscal 2023 period. Shares of this company lost nearly 0.3% in pre-market trading today. FONAR's Segment Details FONAR derives revenues from two segments — Medical Equipment and Physician Management and Diagnostic Services (HMCA). For fiscal 2024, revenues attributable to the medical equipment segment remained constant at $8.3 million compared with fiscal 2023, with product sales revenues increasing 0.8% to $0.7 million in fiscal 2024. Service revenues increased 0.8% to $7.6 million in fiscal 2024. Lower reimbursement rates have reduced the demand for MRI products, resulting in lower sales volumes. As a result of fewer sales, service revenues have decreased since older scanners are taken out of service, and there are fewer new scanners available to sign service contracts. Revenues attributable to the HMCA segment increased to $94.6 million i Show less Read more
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