| Market Capitalization (Millions $) |
131 |
| Shares
Outstanding (Millions) |
7 |
| Employees |
520 |
| Revenues (TTM) (Millions $) |
105 |
| Net Income (TTM) (Millions $) |
9 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
3 |
Business Description
FONAR Corporation is a research and development, production, and marketing company devoted to MRI technology. FONAR Corporation is a leading manufacturer of magnetic resonance imaging (MRI) ventilators, compatible patient monitoring equipment, and diagnostic solutions. The company has been in existence for over 40 years and was founded in 1978 by Dr. Raymond Damadian.
FONAR is based in Melville, New York and has its headquarters in the United States. It is publicly traded on the NASDAQ stock exchange and has a market capitalization of over $280 million. FONAR Corporation develops, assembles, and sells MRI scanners and related equipment under the brand name UPRIGHTe MRI. The Company also develops and markets their proprietary MRIs for stroke diagnosis and management (SPIN Scan) and the assessment of certain types of attention deficit disorder (Biomarkers).
FONAR Corporation's scanners offer the unique feature of being able to scan the patient in an upright, weight-bearing position. That means that the scanner can scan the body in the exact position it is in during normal activities. The upright scanning process offers unique advantages over traditional imaging methods, including early detection of spinal injuries and musculoskeletal conditions.
FONAR Corporation's UPRIGHTe MRI scanners are FDA approved and have received numerous patents over the years. These patents protect the innovative technology of the scanners and help differentiate the company from its competitors. The company's products are sold throughout North America, Europe, and Asia.
FONAR has won several awards and honors over the years. In 2014, the company was named to Forbes' list of America's 100 Best Small Companies. In 2018, FONAR received the Best Places to Work award from Long Island Business News. This award is a testament to the company's focus on employee satisfaction and its commitment to building a culture that fosters innovation, creativity, and collaboration.
In conclusion, FONAR Corporation is a leading manufacturer of MRI scanning equipment and related equipment. It is dedicated to developing and marketing innovative MRI scanning solutions that can detect a wide range of conditions and diseases. The company is committed to promoting an environment of innovation, creativity, and collaboration that is focused on improving the quality of life for patients, customers, and employees.
Company Address: 110 Marcus Drive Melville 11747 NY
Company Phone Number: 694-2929 Stock Exchange / Ticker: NASDAQ FONR
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%
2.05% 
3.94 %