Fonar Q1 profit falls on higher expenses

Fonar

10/11/2025 13:10

Overview

Fonar fiscal Q1 rev grows 4% yr/yr, driven by HMCA segment

Net income for fiscal Q1 decreases 33% yr/yr

Company repurchased 283,770 shares, costing $6.1 mln

Outlook

Company plans to add new MRI scanners in Nassau County to meet growing demand

Result Drivers

HMCA SEGMENT - Revenue from HMCA segment increased by 3% to $23.5 mln, contributing to overall revenue growth

EXPENSES INCREASE - Selling, general and administrative expenses rose 33% to $6.8 mln, impacting profitability

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$26 mln
Q1 EPS
$0.34
Q1 Net Income
$2.70 mln
Q1 Operating Income
$3.20 mln


Press Release: ID:nNFC8PPhQg

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)