Overview

* Fonar ( FONR ) 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/Mis Actual Consensu

s s

Estimate

Q1 $26 mln

Revenue

Q1 EPS $0.34

Q1 Net $2.70

Income mln

Q1 $3.20

Operatin mln

g Income

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(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.)