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Stock impact report

FONAR Announces Year-End Earnings For Fiscal 2018

Fonar Corporation (FONR) 
US:NASDAQ Investor Relations: fonar.com/investor.htm
Company Research Source: GlobeNewswire
Cash and cash equivalents increased by 94% to $19.6 million during the fiscal year ended June 30, 2018.Total Revenues-Net increased by 4% to $81.5 million for the fiscal year ended June 30, 2018, versus previous fiscal year.Income from Operations increased 3% to $19.7 million, for the fiscal year ended June 30, 2018, versus previous fiscal year.Net Income increased by 7% to $25.5 million for the year ended June 30, 2018, versus previous fiscal year.Diluted Net Income per common share increased by 6% to $3.10, versus previous fiscal year.Working Capital increased by 34% during Fiscal 2018. MELVILLE, N.Y., Sept. 13, 2018 (GLOBE NEWSWIRE) -- FONAR Corporation (NASDAQ-FONR), The Inventor of MR Scanning™, reported today its fiscal 2018 results. FONAR’s primary source of income and growth is attributable to its wholly-owned diagnostic imaging management subsidiary, Health Management Company of America (HMCA). In 2009 FONAR managed 9 MRI facilities and had completed approximately 29,000 Show less Read more
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