Fonar (FONR) Earnings Report, Financial Results, Financial analysis

Fonar Corporation reported in I. Quarter net earnings per share of $0.55 an increase by 52.78 % year on year from $0.36 and an improvement of 460.79 % from $0.10 realized in IV. Quarter (Jun 30 2021).

*I. Quarter*
Earnings Per Share	Revenues
$ 0.55	$ 24 Mill
$+0.19 +52.78 %	Unch. +0.98 %

Fonar's Revenue rose by 0.98 % in I. Quarter (Sep 30 2021) year on year, to $24 million and advanced by 42.11 % sequentially.

Fonar is Expected to report next financial results on February 15, 2022.

More on FONR's Income Statement

FONR's NET INCOME

Fonar's net income of $5 million in I. Quarter increased by 59.4 % from net earnings of $3 million achieved in I. Quarter a year ago.

Sequentially net earnings grew by 135.99 % from net income of $2.20 million realized in previous quarter.

More on FONR's Growth

Inventories grew by 8.07 % to $2 million from I. Quarter a year ago, sequentially inventories rose by 10.31 %. In I. Quarter company's net cash and cash equivalents decreased by $-1 million, capital expenditures fell by 177.93%, to $-1 millions compare to same quarter a year ago and fell by 86.92% from IV. Quarter (Jun 30 2021).

More on FONR's Cash flow Statement

Earnings quality

Fonar Corporation does not pay out common stock dividend.

In trailing twelve-month period Fonar Corporation earned $ 2.34 cash per share, on a free-cash flow basis 143.69 % of net earning per share.

Book value grew by 7.15 % sequentially to $19.74 per share, 82.16% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 18.58 per share from $ 17.29.

Company repurchased 0.28 million shares or 3.84 % in I. Quarter.
Interest Coverage Ratio was 83.75. Debt Coverage Ratio was 26.13.

• More on FONR's Dividends

Market Capitalization (Millions)	108
Shares Outstanding (Millions)	7
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	90
Net Income (TTM) (Millions $)	16
Cash Flow (TTM) (Millions $)	5
Capital Exp. (TTM) (Millions $)	-4
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

Earnings quality

• More on FONR's Balance Sheets

Market Capitalization (Millions)	108
Shares Outstanding (Millions)	7
Total Debt (Millions $)	0
Revenue (TTM) (Millions $)	90
Net Income (TTM) (Millions $)	16
Cash Flow (TTM) (Millions $)	5
Capital Exp. (TTM) (Millions $)	-4
Dividend TTM ($)	0 $
Dividend Yield TTM (%)	-
Employees (TTM) $	-

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Fonar Corporation

FONR's Financial Statements and Analysis