Fonar Q1 profit falls on higher expenses

Reuters
2025/11/10
Fonar Q1 profit falls on higher expenses

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

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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