Income Statement FONAR Corporation OTC Markets

Stocks

FONRP

US3444375048

Advanced Medical Equipment & Technology

End-of-day quote OTC Markets			5-day change	1st Jan Change
- ^USD	-.--%		-.--%	+1,400.00%

06-03	FONAR Corporation Announces Board Resignations	CI
06-03	FONAR Corporation and Fonar, LLC Enters into A Credit Agreement with OceanFirst Bank, N.A	CI

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Published financial data: FONAR CORPORATION

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: June	2021	2022	2023	2024	2025
Revenues	89.93M	97.59M	98.65M	103M	104M
Total Revenues	89.93M	97.59M	98.65M	103M	104M
Cost of Goods Sold, Total	46.46M	50.58M	52.9M	57.74M	61.44M
Gross Profit	43.47M	47.01M	45.75M	45.14M	42.91M
Selling General & Admin Expenses, Total	24.74M	23.51M	29.39M	26.87M	29.73M
Provision for Bad Debts	-	-	-	-	-
R&D Expenses	1.64M	1.49M	1.57M	1.74M	1.58M
Other Operating Expenses, Total	26.38M	25.01M	30.96M	28.6M	31.31M
Operating Income	17.1M	22.01M	14.79M	16.54M	11.6M
Interest Expense, Total	-249K	-347K	-50.13K	-77K	-25.61K
Interest And Investment Income	312K	247K	1.22M	2.15M	2.17M
Net Interest Expenses	63.27K	-99.39K	1.17M	2.08M	2.15M
Other Non Operating Income (Expenses)	504K	861K	-203K	656K	36.2K
EBT, Excl. Unusual Items	17.67M	22.77M	15.76M	19.27M	13.78M
EBT, Incl. Unusual Items	17.67M	22.77M	15.76M	19.27M	13.78M
Income Tax Expense	3.99M	5.53M	3.63M	5.17M	3.11M
Earnings From Continuing Operations	13.67M	17.23M	12.13M	14.1M	10.67M
Net Income to Company	13.67M	17.23M	12.13M	14.1M	10.67M
Minority Interest	-3.47M	-4.79M	-2.75M	-3.53M	-2.34M
Net Income - (IS)	10.21M	12.44M	9.38M	10.57M	8.33M
Preferred Dividend and Other Adjustments	459K	559K	428K	491K	396K
Net Income to Common Incl Extra Items	9.75M	11.88M	8.95M	10.08M	7.94M
Net Income to Common Excl. Extra Items	9.75M	11.88M	8.95M	10.08M	7.94M
Per Share Items
Net EPS - Basic	1.46	1.78	1.36	1.56	1.26
Basic EPS - Continuing Operations	1.46	1.78	1.36	1.56	1.26
Basic Weighted Average Shares Outstanding	6.68M	6.68M	6.58M	6.46M	6.3M
Net EPS - Diluted	1.46	1.78	1.36	1.56	1.26
Diluted EPS - Continuing Operations	1.46	1.78	1.36	1.56	1.26
Diluted Weighted Average Shares Outstanding	6.68M	6.68M	6.58M	6.46M	6.3M
Normalized Basic EPS	1.13	1.41	1.08	1.32	1
Normalized Diluted EPS	1.13	1.41	1.08	1.32	1
Supplemental Items
EBITDA	21.18M	26.54M	19.33M	21.13M	15.92M
EBITA	17.48M	22.43M	15.18M	16.9M	11.95M
EBIT	17.1M	22.01M	14.79M	16.54M	11.6M
EBITDAR	27.33M	32.21M	25.22M	26.82M	22.03M
Total Revenues (As Reported)	89.93M	97.59M	98.65M	103M	104M
Effective Tax Rate - (Ratio)	22.6	24.31	23.05	26.83	22.55
Current Domestic Taxes	1.14M	2.44M	653K	2.37M	2.28M
Total Current Taxes	1.14M	2.44M	653K	2.37M	2.28M
Deferred Domestic Taxes	2.86M	3.09M	2.98M	2.8M	824K
Total Deferred Taxes	2.86M	3.09M	2.98M	2.8M	824K
Normalized Net Income	7.57M	9.44M	7.1M	8.51M	6.27M
Interest on Long-Term Debt	-	-	-	-	25.61K
Supplemental Operating Expense Items
Advertising Expense	633K	634K	570K	731K	773K
Research And Development Expense From Footnotes	1.64M	1.49M	1.57M	1.74M	1.58M
Net Rental Expense, Total	6.15M	5.67M	5.89M	5.69M	6.11M
Imputed Operating Lease Interest Expense	347K	431K	62.73K	89K	31.04K
Imputed Operating Lease Depreciation	5.8M	5.24M	5.82M	5.6M	6.08M
Stock-Based Comp., SG&A Exp. (Total)	83.28K	-	-	-	-
Stock-Based Comp., Other (Total)	1.94M	-	-	-	-
Total Stock-Based Compensation	2.02M	-	-	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	44.46M	48.72M	51.28M	56.34M	56.33M
Short Term Investments	32.18K	32.33K	32.8K	136K	120K
Total Cash And Short Term Investments	44.49M	48.76M	51.31M	56.48M	56.45M
Accounts Receivable, Total	61.2M	66.47M	70.17M	79.85M	82.94M
Other Receivables	-	-	-	-	-
Total Receivables	61.2M	66.47M	70.17M	79.85M	82.94M
Inventory	1.66M	2.36M	2.57M	2.72M	2.81M
Prepaid Expenses	1.23M	1.1M	1.61M	1.29M	2.46M
Total Current Assets	109M	119M	126M	140M	145M
Gross Property Plant And Equipment	86.54M	93.25M	95.52M	101M	102M
Accumulated Depreciation	-33.43M	-35.8M	-39.57M	-43.8M	-47.77M
Net Property Plant And Equipment	53.11M	57.44M	55.94M	57.67M	54.04M
Goodwill	4.27M	4.27M	4.27M	4.27M	4.27M
Other Intangibles, Total	4.04M	3.7M	3.43M	2.87M	2.99M
Accounts Receivable Long-Term	2.88M	1.87M	710K	829K	3.55M
Loans Receivable Long-Term	-	-	-	581K	555K
Deferred Tax Assets Long-Term	15.96M	12.84M	10.04M	7.22M	6.35M
Other Long-Term Assets, Total	667K	526K	524K	481K	476K
Total Assets	190M	199M	201M	214M	217M
Liabilities
Accounts Payable, Total	1.87M	1.55M	1.58M	1.86M	1.3M
Accrued Expenses, Total	6.28M	5.12M	4.82M	5.13M	6.53M
Current Portion of Long-Term Debt	173K	40.08K	43.77K	47K	-
Current Portion of Leases	3.74M	4.09M	4.12M	3.7M	3.63M
Current Income Taxes Payable	774K	382K	48.35K	1.46M	-
Unearned Revenue Current, Total	5.11M	4.65M	4.43M	4.31M	5.22M
Other Current Liabilities	2.11M	914K	574K	1.35M	442K
Total Current Liabilities	20.05M	16.75M	15.62M	17.86M	17.12M
Long-Term Debt	760K	155K	115K	66.94K	-
Long-Term Leases	30.02M	33.93M	32.73M	37.86M	35.29M
Unearned Revenue Non Current	2.8M	1.86M	760K	1.17M	3.8M
Deferred Tax Liability Non Current	238K	216K	395K	372K	321K
Other Non Current Liabilities	264K	199K	134K	125K	266K
Total Liabilities	54.14M	53.11M	49.75M	57.46M	56.8M
Preferred Stock Non Redeemable	31	31	31	31	31
Total Preferred Equity	31	31	31	31	31
Common Stock, Total	695	695	685	673	660
Additional Paid In Capital	185M	185M	183M	181M	179M
Retained Earnings	-46.01M	-33.57M	-24.19M	-13.62M	-5.29M
Treasury Stock	-675K	-675K	-516K	-1.02M	-860K
Comprehensive Income and Other	-	-	-	-	-
Total Common Equity	138M	150M	158M	166M	173M
Minority Interest	-3.05M	-4.05M	-7.08M	-9.18M	-12.5M
Total Equity	135M	146M	151M	157M	160M
Total Liabilities And Equity	190M	199M	201M	214M	217M
Supplemental Items
ECS Total Shares Outstanding on Filing Date	6.94M	6.94M	6.83M	6.71M	6.55M
ECS Total Common Shares Outstanding	6.94M	6.94M	6.83M	6.71M	6.55M
Book Value / Share	19.95	21.67	23.11	24.73	26.35
Tangible Book Value	130M	142M	150M	159M	165M
Tangible Book Value Per Share	18.76	20.52	21.98	23.67	25.24
Total Debt	34.69M	38.22M	37.01M	41.68M	38.92M
Net Debt	-9.8M	-10.54M	-14.3M	-14.8M	-17.54M
Debt Equivalent Oper. Leases	49.17M	45.34M	47.1M	45.48M	48.88M
Minority Interest, Total (Incl. Fin. Div)	-3.05M	-4.05M	-7.08M	-9.18M	-12.5M
Account Code - Inventory Valuation	5	5	5	3	3
Inventories - Raw Materials, Total	1.39M	2.13M	2.35M	2.52M	2.63M
Inventories - Work In Process, Total	270K	234K	223K	191K	182K
Buildings, Total	940K	940K	940K	940K	940K
Machinery, Total	41.38M	43.06M	45.13M	45.25M	47.65M
Full Time Employees	495	484	561	520	535
Assets under Capital Lease - Gross	-	-	-	-	-
Assets under Capital Lease - Accumulated Depreciation	-	-	-	-	-
Accumulated Allowance for Doubtful Accounts (Supple)	20.41M	21.52M	16.8M	18.65M	21.7M
Order Backlog	62K	844K	608K	-	-

Fiscal Period: June	2021	2022	2023	2024	2025
Net Income	10.21M	12.44M	9.38M	10.57M	8.33M
Depreciation & Amortization - CF	5.16M	8.11M	8.41M	8.54M	3.97M
Amortization of Goodwill and Intangible Assets - (CF)	385K	422K	392K	369K	352K
Depreciation & Amortization, Total	5.54M	8.54M	8.8M	8.91M	4.32M
Amortization of Deferred Charges, Total - (CF)	-	-	-	-	378K
(Gain) Loss From Sale Of Asset	-	-	213K	-657K	-
Asset Writedown & Restructuring Costs	534	-	-	225K	55.71K
Stock-Based Compensation (CF)	2.02M	-	-	-	-
Provision and Write-off of Bad Debts	5.59M	1.34M	5.51M	1.88M	3.21M
Other Operating Activities, Total	6.99M	7.19M	5.73M	6.33M	3.16M
Change In Accounts Receivable	-11.96M	-5.6M	-8.06M	-11.68M	-9.01M
Change In Inventories	-14.65K	-696K	-210K	-146K	-97.24K
Change In Accounts Payable	-99.22K	-315K	19.68K	277K	-554K
Change in Unearned Revenues	-109K	-385K	241K	-159K	-89.23K
Change in Other Net Operating Assets	918K	-7.21M	-7.17M	-1.45M	1.55M
Cash from Operations	19.09M	15.3M	14.47M	14.09M	11.26M
Capital Expenditure	-3.53M	-4.55M	-4.22M	-790K	-3.79M
Sale of Property, Plant, and Equipment	-	-	-	75.41K	-
Cash Acquisitions	-	-546K	-	-	-
Sale (Purchase) of Intangible assets	-1.29M	-87.88K	-120K	-32.88K	-25.32K
Investment in Marketable and Equity Securities, Total	-293	-149	-473	-103K	15.61K
Cash from Investing	-4.82M	-5.18M	-4.34M	-851K	-3.8M
Long-Term Debt Issued, Total	63K	-	-	-	-
Total Debt Issued	63K	-	-	-	-
Long-Term Debt Repaid, Total	-103K	-37.24K	-36.62K	-44.9K	-114K
Total Debt Repaid	-103K	-37.24K	-36.62K	-44.9K	-114K
Issuance of Common Stock	-	-	-	-	-
Repurchase of Common Stock	-	-	-1.76M	-2.51M	-1.81M
Other Financing Activities, Total	-6.57M	-5.82M	-5.78M	-5.63M	-5.55M
Cash from Financing	-6.61M	-5.86M	-7.57M	-8.18M	-7.47M
Net Change in Cash	7.66M	4.26M	2.56M	5.06M	-7.56K
Supplemental Items
Cash Interest Paid	75.18K	617K	50.13K	77K	25.61K
Cash Income Tax Paid (Refund)	261K	2.41M	1.44M	507K	4.66M
Levered Free Cash Flow	9.27M	8.08M	8.1M	11.53M	3.13M
Unlevered Free Cash Flow	9.42M	8.3M	8.13M	11.57M	3.15M
Change In Net Working Capital	4.01M	9.36M	5.58M	6.85M	4.98M
Net Debt Issued / Repaid	-40.34K	-37.24K	-36.62K	-44.9K	-114K

Fiscal Period: June	2021	2022	2023	2024	2025
Profitability
Return on Assets	5.78	7.07	4.62	4.98	3.36
Return on Total Capital	6.44	7.76	4.97	5.35	3.65
Return On Equity %	10.45	12.24	8.16	9.17	6.74
Return on Common Equity	7.37	8.23	5.81	6.22	4.69
Margin Analysis
Gross Profit Margin %	48.34	48.17	46.38	43.87	41.12
SG&A Margin	27.51	24.09	29.79	26.12	28.49
EBITDA Margin %	23.55	27.2	19.59	20.54	15.26
EBITA Margin %	19.44	22.98	15.39	16.43	11.45
EBIT Margin %	19.01	22.55	14.99	16.07	11.12
Income From Continuing Operations Margin %	15.2	17.66	12.29	13.7	10.23
Net Income Margin %	11.35	12.75	9.5	10.27	7.99
Net Avail. For Common Margin %	10.84	12.17	9.07	9.79	7.61
Normalized Net Income Margin	8.42	9.67	7.2	8.27	6.01
Levered Free Cash Flow Margin	10.31	8.28	8.21	11.2	3
Unlevered Free Cash Flow Margin	10.48	8.5	8.24	11.25	3.02
Asset Turnover
Asset Turnover	0.49	0.5	0.49	0.5	0.48
Fixed Assets Turnover	1.68	1.77	1.74	1.81	1.87
Receivables Turnover (Average Receivables)	1.55	1.53	1.44	1.37	1.28
Inventory Turnover (Average Inventory)	28.05	25.14	21.46	21.85	22.23
Short Term Liquidity
Current Ratio	5.42	7.09	8.04	7.86	8.45
Quick Ratio	5.27	6.88	7.78	7.63	8.14
Operating Cash Flow to Current Liabilities	0.95	0.91	0.93	0.79	0.66
Days Sales Outstanding (Average Receivables)	235.77	238.74	252.79	266.83	284.7
Days Outstanding Inventory (Average Inventory)	13.01	14.52	17.01	16.75	16.42
Average Days Payable Outstanding	15.05	12.16	10.76	10.86	9.37
Cash Conversion Cycle (Average Days)	233.73	241.09	259.04	272.72	291.76
Long Term Solvency
Total Debt/Equity	25.63	26.13	24.54	26.58	24.31
Total Debt / Total Capital	20.4	20.72	19.7	21	19.55
LT Debt/Equity	22.74	23.31	21.77	24.19	22.04
Long-Term Debt / Total Capital	18.1	18.48	17.48	19.11	17.73
Total Liabilities / Total Assets	28.57	26.64	24.81	26.82	26.19
EBIT / Interest Expense	68.76	63.5	295.01	214.75	452.88
EBITDA / Interest Expense	109.89	92.95	503.01	348.28	860.16
(EBITDA - Capex) / Interest Expense	95.68	79.83	418.87	338.02	712.12
Total Debt / EBITDA	1.27	1.19	1.47	1.55	1.77
Net Debt / EBITDA	-0.36	-0.33	-0.57	-0.55	-0.8
Total Debt / (EBITDA - Capex)	1.46	1.38	1.76	1.6	2.13
Net Debt / (EBITDA - Capex)	-0.41	-0.38	-0.68	-0.57	-0.96
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	4.95	8.52	1.08	4.3	1.43
Gross Profit, 1 Yr. Growth %	2.55	8.14	-2.69	-1.33	-4.94
EBITDA, 1 Yr. Growth %	20.61	25.32	-27.18	9.32	-24.67
EBITA, 1 Yr. Growth %	21.28	28.29	-32.32	11.35	-29.31
EBIT, 1 Yr. Growth %	25.25	28.71	-32.8	11.81	-29.85
Earnings From Cont. Operations, 1 Yr. Growth %	16.82	26.04	-29.64	16.25	-24.29
Net Income, 1 Yr. Growth %	23.88	21.88	-24.64	12.71	-21.13
Normalized Net Income, 1 Yr. Growth %	40.82	24.59	-24.78	19.91	-26.29
Diluted EPS Before Extra, 1 Yr. Growth %	21.99	21.88	-23.51	14.75	-19.23
Accounts Receivable, 1 Yr. Growth %	11.32	8.61	5.57	13.79	3.88
Inventory, 1 Yr. Growth %	0.89	41.87	8.89	5.67	3.58
Net Property, Plant and Equip., 1 Yr. Growth %	-1.8	8.16	-2.61	3.08	-6.28
Total Assets, 1 Yr. Growth %	5.13	5.19	0.62	6.81	1.24
Tangible Book Value, 1 Yr. Growth %	10.18	9.38	5.54	5.74	4.1
Common Equity, 1 Yr. Growth %	9.69	8.58	5.07	5.11	4
Cash From Operations, 1 Yr. Growth %	-6.44	-19.84	-5.45	-2.58	-20.07
Capital Expenditures, 1 Yr. Growth %	-53.04	28.65	-7.2	-81.27	379.97
Levered Free Cash Flow, 1 Yr. Growth %	57.99	-12.84	0.27	42.29	-56.6
Unlevered Free Cash Flow, 1 Yr. Growth %	59.38	-11.98	-1.97	42.33	-56.67
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	1.56	6.72	4.73	2.68	2.85
Gross Profit, 2 Yr. CAGR %	0.31	5.31	2.58	-2.01	-3.15
EBITDA, 2 Yr. CAGR %	-9.69	22.95	-4.47	-10.77	-9.25
EBITA, 2 Yr. CAGR %	-13.02	24.74	-6.81	-13.18	-11.28
EBIT, 2 Yr. CAGR %	-12.11	26.97	-7	-13.32	-11.44
Earnings From Cont. Operations, 2 Yr. CAGR %	-18.36	21.34	-5.83	-9.56	-6.18
Net Income, 2 Yr. CAGR %	-18.37	22.87	-4.16	-7.84	-5.72
Normalized Net Income, 2 Yr. CAGR %	-7.63	32.46	-3.19	-5.03	-5.99
Diluted EPS Before Extra, 2 Yr. CAGR %	-19.52	21.93	-3.45	-6.31	-3.73
Accounts Receivable, 2 Yr. CAGR %	8.28	9.95	7.08	9.6	8.72
Inventory, 2 Yr. CAGR %	-3.82	19.64	24.29	7.27	4.62
Net Property, Plant and Equip., 2 Yr. CAGR %	76.83	3.06	2.63	0.2	-1.71
Total Assets, 2 Yr. CAGR %	19.12	5.16	2.88	3.67	3.99
Tangible Book Value, 2 Yr. CAGR %	10.16	9.78	7.44	5.64	4.92
Common Equity, 2 Yr. CAGR %	9.26	9.13	6.81	5.09	4.55
Cash From Operations, 2 Yr. CAGR %	-0.93	-13.4	-12.94	-4.03	-11.76
Capital Expenditures, 2 Yr. CAGR %	2.61	-22.27	9.26	-58.31	-5.19
Levered Free Cash Flow, 2 Yr. CAGR %	15.44	17.35	-6.51	19.45	-37.83
Unlevered Free Cash Flow, 2 Yr. CAGR %	15.89	18.44	-7.11	18.12	-37.79
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-3.29	3.83	4.8	4.59	2.26
Gross Profit, 3 Yr. CAGR %	-8.88	2.85	2.57	1.26	-3
EBITDA, 3 Yr. CAGR %	-3.28	0.73	3.25	-0.07	-15.67
EBITA, 3 Yr. CAGR %	-5.42	-0.99	1.74	-1.11	-18.93
EBIT, 3 Yr. CAGR %	-4.59	-0.19	2.71	-1.11	-19.22
Earnings From Cont. Operations, 3 Yr. CAGR %	-18.71	-5.64	1.19	1.02	-14.76
Net Income, 3 Yr. CAGR %	-21.66	-6.7	4.4	1.16	-12.5
Normalized Net Income, 3 Yr. CAGR %	-2.38	2.06	9.69	3.96	-12.72
Diluted EPS Before Extra, 3 Yr. CAGR %	-22.67	-7.58	4.38	2.27	-10.83
Accounts Receivable, 3 Yr. CAGR %	11.08	8.39	8.47	9.27	7.66
Inventory, 3 Yr. CAGR %	5.14	9.48	15.94	17.75	6.03
Net Property, Plant and Equip., 3 Yr. CAGR %	47.67	50.1	1.13	2.78	-2.01
Total Assets, 3 Yr. CAGR %	17	14.28	3.62	4.17	2.86
Tangible Book Value, 3 Yr. CAGR %	13.46	9.9	8.35	6.87	5.13
Common Equity, 3 Yr. CAGR %	11.94	9.03	7.76	6.24	4.72
Cash From Operations, 3 Yr. CAGR %	0.62	-7.68	-10.83	-9.62	-9.7
Capital Expenditures, 3 Yr. CAGR %	8.35	10.65	-17.54	-39.31	-5.86
Levered Free Cash Flow, 3 Yr. CAGR %	-6.9	5.12	11.35	7.53	-27.09
Unlevered Free Cash Flow, 3 Yr. CAGR %	-6.65	5.74	11.21	7.09	-27.61
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.46	0.71	-0.15	3.36	4.02
Gross Profit, 5 Yr. CAGR %	-2.38	-3.49	-4.46	0.88	0.24
EBITDA, 5 Yr. CAGR %	4.06	3.48	-3.76	-4.04	-1.94
EBITA, 5 Yr. CAGR %	2.68	2.25	-5.98	-6.06	-3.68
EBIT, 5 Yr. CAGR %	3.56	2.88	-5.56	-5.67	-3.21
Earnings From Cont. Operations, 5 Yr. CAGR %	-6.16	-6.16	-13.78	-7.23	-1.83
Net Income, 5 Yr. CAGR %	-8.28	-8.71	-15.08	-7.16	0.23
Normalized Net Income, 5 Yr. CAGR %	4.78	3.32	-2.71	-0.84	3.12
Diluted EPS Before Extra, 5 Yr. CAGR %	-9.64	-9.42	-15.49	-7.08	1.06
Accounts Receivable, 5 Yr. CAGR %	12.34	10.49	9.46	8.87	8.57
Inventory, 5 Yr. CAGR %	-4.32	7.76	12.42	8.59	11.27
Net Property, Plant and Equip., 5 Yr. CAGR %	29.62	28.39	27.67	27.69	-0.01
Total Assets, 5 Yr. CAGR %	17.42	15.08	11.14	9.91	3.77
Tangible Book Value, 5 Yr. CAGR %	25.77	16.31	11.01	8.18	6.96
Common Equity, 5 Yr. CAGR %	21.45	14.18	9.86	7.44	6.47
Cash From Operations, 5 Yr. CAGR %	2.81	-1.86	-5.04	-6.24	-11.2
Capital Expenditures, 5 Yr. CAGR %	37.76	9.78	8.71	-25.12	-12.81
Levered Free Cash Flow, 5 Yr. CAGR %	-2.06	3.67	-6.75	10.63	-11.8
Unlevered Free Cash Flow, 5 Yr. CAGR %	-2.05	4.22	-6.84	10.53	-11.85