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FONAR reports 25% drop in Q3 net income amid slight revenue decline and ongoing MRI management growth

Company Fundamentals
11 May 2026
Newsfile Corp
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Bearish
pluang ai news

FONAR Corporation's net income fell 25% to $2.3 million in Q3 2026 compared to the previous year, with revenues down 3% to $26.5 million. Despite the decline, its MRI management subsidiary, HMCA, expanded operations managing 45 MRI scanners and increased scan volume by 1.8% year-over-year. The company is pursuing a going-private merger pending shareholder approval and continues to invest in high-field MRI technology to enhance service capacity. Cash reserves slightly decreased but working capital improved, reflecting ongoing operational adjustments amid strategic growth efforts.

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