Fonar Corporation (FONR) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
110 MARCUS DR MELVILLE, NY 11747 |
| State of Incorp. | DE |
| Fiscal Year End | June 30 |
| Industry (SIC) | 3845 - Electromedical and Electrotherapeutic Apparatus (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 MRQ | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 56,477 | 49,236 | 46,866 | 44,493 | 36,834 | 28,977 | |||
| Cash and cash equivalent | 56,341 | 49,203 | 46,834 | 44,460 | 36,802 | 13,882 | |||
| Short-term investments | 136 | 33 | 32 | 32 | 32 | 15,095 | |||
| Receivables | 4,035 | 671 | |||||||
| Inventory, net of allowances, customer advances and progress billings | 2,715 | ||||||||
| Inventory | 2,715 | ||||||||
| Deferred tax assets | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 20,694 | ||
| Other undisclosed current assets | 77,096 | 76,425 | 71,820 | 64,091 | 58,384 | 35,417 | |||
| Total current assets: | 140,324 | 125,661 | 118,686 | 108,583 | 95,890 | 85,089 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 530 | 729 | 928 | 1,127 | 1,326 | ✕ | |||
| Operating lease, right-of-use asset | 38,428 | 33,069 | 34,232 | 30,133 | 31,392 | ✕ | |||
| Property, plant and equipment | 18,709 | 22,146 | 22,282 | 21,850 | 21,364 | 16,986 | |||
| Long-term investments and receivables | 1,175 | 760 | 1,857 | 2,801 | 2,656 | ||||
| Accounts and financing receivable, after allowance for credit loss | 1,175 | 760 | 1,857 | 2,801 | 2,656 | ||||
| Intangible assets, net (including goodwill) | 7,140 | 7,701 | 7,973 | 8,307 | 8,095 | 8,741 | |||
| Goodwill | 4,269 | 4,269 | 4,269 | 4,269 | 3,985 | 3,985 | |||
| Intangible assets, net (excluding goodwill) | 2,870 | 3,432 | 3,704 | 4,038 | 4,109 | 4,756 | |||
| Other undisclosed noncurrent assets | 7,940 | 10,515 | 13,383 | 16,705 | 19,537 | ||||
| Total noncurrent assets: | 73,922 | 74,921 | 80,656 | 80,923 | 84,370 | 25,727 | |||
| TOTAL ASSETS: | 214,246 | 200,582 | 199,342 | 189,506 | 180,259 | 110,815 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities, including: | 1,856 | 6,052 | 1,551 | 1,866 | 1,965 | 861 | |||
| Taxes payable | ✕ | ✕ | ✕ | 1,671 | |||||
| Employee-related liabilities | ✕ | ✕ | ✕ | 3,898 | |||||
| Accounts payable | 1,856 | 1,579 | 1,551 | 1,866 | 1,965 | 1,861 | |||
| Accrued liabilities | 4,473 | 271 | |||||||
| Other undisclosed accounts payable and accrued liabilities | (6,840) | ||||||||
| Deferred revenue | 3,870 | 3,832 | 4,289 | 4,366 | 4,105 | ✕ | |||
| Debt | 47 | 44 | 40 | 173 | 108 | 41 | |||
| Other liabilities | 7,941 | 5,444 | 6,417 | 9,162 | 8,185 | 7,577 | |||
| Other undisclosed current liabilities | 4,143 | 253 | 4,452 | 4,482 | 4,299 | 5,611 | |||
| Total current liabilities: | 17,857 | 15,624 | 16,749 | 20,049 | 18,663 | 14,090 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 67 | 115 | 155 | 760 | 865 | 273 | |||
| Long-term debt, excluding current maturities | 67 | ||||||||
| Finance lease, liability | 395 | 620 | 838 | 1,048 | 1,251 | ✕ | |||
| Other undisclosed long-term debt and lease obligation | (395) | (505) | (33,774) | (29,263) | (30,490) | 273 | |||
| Liabilities, other than long-term debt | 38,646 | 32,869 | 2,009 | 3,386 | 3,626 | 93 | |||
| Accounts payable and accrued liabilities | 4 | 4 | 60 | 493 | 878 | ||||
| Deferred revenue | 1,175 | 760 | 1,857 | 2,801 | 2,656 | ✕ | |||
| Due to related parties | ✕ | ✕ | 93 | 93 | 93 | 93 | |||
| Operating lease, liability | 37,468 | 32,105 | 33,091 | 28,975 | 30,104 | ✕ | |||
| Other undisclosed noncurrent liabilities | 887 | 1,146 | 34,192 | 29,940 | 30,862 | 992 | |||
| Total noncurrent liabilities: | 39,601 | 34,130 | 36,357 | 34,087 | 35,354 | 1,358 | |||
| Total liabilities: | 57,458 | 49,755 | 53,106 | 54,136 | 54,017 | 15,448 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 165,968 | 157,906 | 150,290 | 138,419 | 126,187 | 115,956 | |||
| Treasury stock, value | (1,017) | (516) | (675) | (675) | (675) | ||||
| Additional paid in capital | 180,608 | 182,613 | 184,532 | 185,101 | 183,077 | 181,087 | |||
| Deferred employee stock ownership plan, issuance of shares or sale of treasury shares | (675) | ||||||||
| Accumulated deficit | (13,624) | (24,191) | (33,567) | (46,008) | (56,215) | (64,455) | |||
| Other undisclosed equity, attributable to parent | 1 | 1 | 1 | 1 | 1 | 1 | |||
| Equity, attributable to noncontrolling interest | (9,180) | (7,079) | (4,054) | (3,049) | 55 | 2,156 | |||
| Total equity: | 156,788 | 150,827 | 146,236 | 135,370 | 126,242 | 118,112 | |||
| TOTAL LIABILITIES AND EQUITY: | 214,246 | 200,582 | 199,342 | 189,506 | 180,259 | 133,560 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 TTM | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 102,884 | 98,645 | 97,592 | 89,930 | 85,690 | 87,193 | ||
| Cost of revenue | (53,148) | (48,357) | (46,043) | (42,374) | (39,388) | (40,148) | ||
| Other cost of operating revenue | (18,200) | (16,183) | (13,308) | (10,918) | (10,880) | (10,789) | ||
| Gross profit: | 49,736 | 50,288 | 51,549 | 47,555 | 46,302 | 47,045 | ||
| Operating expenses | (33,201) | (35,499) | (29,542) | (30,458) | (32,651) | (24,911) | ||
| Operating income: | 16,535 | 14,789 | 22,007 | 17,098 | 13,651 | 22,134 | ||
| Nonoperating income | 2,205 | 1,019 | 1,108 | 816 | 573 | 484 | ||
| Investment income, nonoperating | 2,126 | 1,222 | 247 | 312 | 502 | 483 | ||
| Other nonoperating income (expense) | 79 | (203) | 861 | 504 | 71 | 1 | ||
| Interest and debt expense | (27) | (50) | (347) | (249) | (74) | 99 | ||
| Income from continuing operations before equity method investments, income taxes: | 18,714 | 15,759 | 22,769 | 17,665 | 14,150 | 22,716 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | 552 | (197) | ||||||
| Income from continuing operations before income taxes: | 19,266 | 15,759 | 22,769 | 17,665 | 14,150 | 22,519 | ||
| Income tax expense | (5,169) | (3,632) | (5,534) | (3,992) | (2,445) | (2,006) | ||
| Income from continuing operations: | 14,097 | 12,127 | 17,234 | 13,674 | 11,705 | 20,514 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | 17,234 | 13,674 | 11,705 | 20,514 | |
| Net income: | 14,097 | 12,127 | 17,234 | 13,674 | 11,705 | 20,514 | ||
| Net income (loss) attributable to noncontrolling interest | (3,530) | (2,751) | (4,793) | (3,466) | (3,465) | 5,197 | ||
| Other undisclosed net loss attributable to parent | (10,393) | |||||||
| Net income attributable to parent: | 10,567 | 9,376 | 12,441 | 10,208 | 8,240 | 15,317 | ||
| Other undisclosed net loss available to common stockholders, basic | (750) | |||||||
| Net income available to common stockholders, basic: | 10,567 | 9,376 | 11,691 | 10,208 | 8,240 | 15,317 | ||
| Other undisclosed net income available to common stockholders, diluted | 750 | |||||||
| Net income available to common stockholders, diluted: | 10,567 | 9,376 | 12,441 | 10,208 | 8,240 | 15,317 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 TTM | 6/30/2024 | 6/30/2023 | 6/30/2022 | 6/30/2021 | 6/30/2020 | 6/30/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 14,097 | 12,127 | 17,234 | 13,674 | 11,705 | 20,514 | ||
| Comprehensive income: | 14,097 | 12,127 | 17,234 | 13,674 | 11,705 | 20,514 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (3,530) | (2,751) | (4,793) | (3,466) | (3,465) | 5,197 | ||
| Comprehensive income, net of tax, attributable to parent: | 10,567 | 9,376 | 12,441 | 10,208 | 8,240 | 25,710 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.