FONR: FONAR Corporation - Summary | Jitta

FONAR Corporation

NASDAQ:FONR

Price
$19.75
Loss Chance
42.8%
4.30JITTA SCORE
76.78%Below Jitta Line
Jitta Ranking
18 / 847
400 / 4,140
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (23)
Recent Business Performance (30)
Financial Strength (100)
Return to Shareholders (54)
Competitive Advantage (81)
Jitta Signs
Operating MarginExpansion
Debt LevelLow Long Term Debt
CapExVery Low
Revenue and EarningRevenue decline from 2016-2019
Recent Business PerformanceEarning decline 27.85% in the last year
Key Stats
Jitta Score
Jitta Line
4.30
76.78%
2.32
0.66%
Healthcare Equipment
6.00
18.94%
4.25
63.90%
3.35
93.70%
COMPANY DESCRIPTION
FONAR Corporation, together with its subsidiaries, operates as a magnetic resonance imaging (MRI) company primarily in the United States. It is involved in the research, development, production, and marketing of medical scanning equipment, which uses principles of MRI for the detection and diagnosis of human diseases. The company operates in two segments, Medical Equipment segment, and Physician Management and Diagnostic services segment. 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 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 the development and implementation of practice growth and marketing strategies. The company owns and operates 4 diagnostic imaging facilities in Florida; and manages 25 MRI scanning facilities, including 18 facilities located in New York and 7 situated in Florida. It markets its scanners to private diagnostic imaging centers and hospitals. The company was founded in 1978 and is based in Melville, New York.