FONR: FONAR Corporation - Summary | Jitta

FONAR Corporation

NASDAQ:FONR

Price
$23.24
Loss Chance
44.5%
5.37JITTA SCORE
13.50%Under Jitta Line
Jitta Ranking
39 / 1,127
448 / 4,938
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (48)
Recent Business Performance (64)
Financial Strength (94)
Return to Shareholders (15)
Competitive Advantage (44)
Jitta Signs
Debt LevelLow Long Term Debt
Interest Coverage RatioVery Good
Revenue and EarningRevenue decline from 2018-2023
Operating MarginDeclined
Recent Business PerformanceEarning decline 23.45% in the last year
Cash Conversion CycleMore than 120 days
Key Stats
Jitta Score
Jitta Line
5.37
13.50%
2.06
244.26%
Health Care Equipment
4.92
22.17%
6.52
328.70%
6.29
58.46%
COMPANY DESCRIPTION
FONAR Corporation, together with its subsidiaries, engages in the research, development, production, and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The company operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company also offers non-medical management, including administrative services, billing and collection services, credentialing services, contract negotiations, compliance consulting, purchasing IT services, hiring, conducting interviews, training, supervision and management of non-medical personnel, storage of medical records, office space, equipment, repair maintenance services, accounting, assistance with compliance matters, and development and implementation of practice growth and marketing strategies. It owns and operates diagnostic imaging facilities in Florida; and manages MRI scanning facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1970 and is based in Melville, New York.