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.)