Fonar Q3 revenue and profit drops

Fonar

11/05/2026 21:33

Overview

U.S. MRI equipment and imaging manager's fiscal Q3 revenue declined 3% yr/yr

Fiscal Q3 net income fell 25%, and diluted EPS dropped 35% yr/yr

Company continues scan volume growth but financial metrics declined

Compnay's pending merger agreement subject to approval

Outlook

Fonar expects to manage a new MRI center in Nassau County before end of fiscal 2026

Company continues suspension of share repurchases due to pending going-private transaction

Result Drivers

HIGH-FIELD MRI ADDITIONS - Co said most recent scan volume growth was due to adding high-field MRIs at existing sites, expanding referral bases and capacity

INCREASED OPERATING COSTS - SG&A expenses rose 5% yr/yr in Q3, contributing to higher total costs and expenses

Company press release: ID:nNFC3nk99s

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
$26.47 mln
Q3 EPS
$0.24
Q3 Net Income
$2.32 mln
Q3 Operating Income
$2.44 mln


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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.)