FONR: FONAR Corporation - Summary | Jitta

FONAR Corporation

NASDAQ:FONR

Price
$18.82
Loss Chance
42.9%
5.04JITTA SCORE
32.61%Under Jitta Line
Jitta Ranking
244 / 1,197
2,396 / 5,060
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HISTORICAL JITTA SCORE
Jitta Factors
Growth Opportunity (37)
Recent Business Performance (63)
Financial Strength (95)
Return to Shareholders (12)
Competitive Advantage (48)
Jitta Signs
Debt LevelLow Long Term Debt
Revenue and EarningRevenue decline from 2017-2022
Operating MarginInconsistent
Recent Business PerformanceEarning decline 47.26% in the last quarter (yoy)
SG&A to SalesIncreasing
Cash Conversion CycleMore than 120 days
Key Stats
Jitta Score
Jitta Line
5.04
32.61%
2.00
236.90%
Health Care Equipment
5.45
177.80%
6.90
112.90%
6.13
15.09%
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 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. The company owns and operates 5 diagnostic imaging facilities in Florida; and manages 41 MRI scanning facilities, including 26 facilities located in New York and 15 facilities located in Florida. The company markets its scanners to private diagnostic imaging centers and hospitals. The company was incorporated in 1978 and is based in Melville, New York.