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Fonar Corporation (FONR)



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Upturn Advisory Summary
08/28/2025: FONR (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type Stock | Historic Profit 2.87% | Avg. Invested days 39 | Today’s Advisory WEAK BUY |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Small-Cap Stock | Market Capitalization 93.69M USD | Price to earnings Ratio 11.9 | 1Y Target Price - |
Price to earnings Ratio 11.9 | 1Y Target Price - | ||
Volume (30-day avg) - | Beta 1 | 52 Weeks Range 12.00 - 18.68 | Updated Date 06/29/2025 |
52 Weeks Range 12.00 - 18.68 | Updated Date 06/29/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.25 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 8.19% | Operating Margin (TTM) 13.48% |
Management Effectiveness
Return on Assets (TTM) 3.54% | Return on Equity (TTM) 6.91% |
Valuation
Trailing PE 11.9 | Forward PE - | Enterprise Value 78089814 | Price to Sales(TTM) 0.91 |
Enterprise Value 78089814 | Price to Sales(TTM) 0.91 | ||
Enterprise Value to Revenue 0.76 | Enterprise Value to EBITDA 3.37 | Shares Outstanding 6168460 | Shares Floating 6030734 |
Shares Outstanding 6168460 | Shares Floating 6030734 | ||
Percent Insiders 2.45 | Percent Institutions 49.08 |
Upturn AI SWOT
Fonar Corporation

Company Overview
History and Background
Fonar Corporation was founded in 1978 by Dr. Raymond Damadian, the inventor of the first MRI scanner. The company pioneered the development and manufacturing of MRI technology, focusing on open MRI systems.
Core Business Areas
- MRI Scanner Manufacturing and Sales: Fonar designs, manufactures, and sells MRI scanners. They are known for their open MRI design, which aims to reduce patient anxiety and claustrophobia.
- MRI Scanner Service and Maintenance: Fonar offers comprehensive service and maintenance programs for its installed base of MRI scanners.
- Management Services: Fonar provides management services to medical facilities, including billing, staffing, and operational support.
Leadership and Structure
Dr. Raymond Damadian serves as the Chairman and Founder. The company's structure is centered around its core business units: MRI manufacturing and sales, service, and management services. Top executive management includes a CEO, CFO, and other key divisional heads.
Top Products and Market Share
Key Offerings
- Uprightu00ae Multi-Positionu2122 MRI: Fonar's flagship product, an open MRI scanner that allows patients to be scanned in multiple positions (standing, sitting, lying down). Market share data is not readily available. Competitors include Siemens Healthineers, GE Healthcare, and Philips Healthcare.
Market Dynamics
Industry Overview
The MRI market is characterized by technological advancements, increasing demand for diagnostic imaging, and competitive pressure from major players. It is also affected by healthcare regulations and reimbursement policies.
Positioning
Fonar differentiates itself with its open MRI technology, targeting patients who experience claustrophobia or require weight-bearing scans. Its competitive advantage lies in its specialized open MRI systems.
Total Addressable Market (TAM)
The global MRI market is estimated to be in the billions of dollars. Fonar, with its niche focus, captures a small percentage of this TAM.
Upturn SWOT Analysis
Strengths
- Pioneering open MRI technology
- Strong brand recognition in niche markets
- Experienced leadership
- Loyal customer base
Weaknesses
- Small market share compared to major players
- Limited financial resources
- Dependence on a niche market
- Limited R&D investment
Opportunities
- Expanding into new geographic markets
- Developing new MRI applications
- Partnerships and collaborations
- Increase in outpatient imaging centers
Threats
- Intense competition from larger companies
- Technological obsolescence
- Changes in healthcare regulations
- Economic downturn
Competitors and Market Share
Key Competitors
- SIEMENS (SIE.DE)
- GE (GE)
- Philips (PHG)
Competitive Landscape
Fonar faces significant competition from larger, more established companies with greater resources. Its competitive advantage lies in its open MRI technology, but it must continue to innovate and expand its market reach to compete effectively.
Growth Trajectory and Initiatives
Historical Growth: Historical growth data is unavailable.
Future Projections: Future projections are not available.
Recent Initiatives: Recent initiatives data are not available.
Summary
Fonar Corporation is a pioneer in open MRI technology with a recognized brand in its niche market. However, it faces strong competition from larger companies with deeper pockets and broader product portfolios. To thrive, Fonar needs to innovate its technology and expand into new markets, while effectively managing its financial resources. The company's success depends on its ability to capitalize on the increasing demand for patient-friendly MRI solutions.
Peer Comparison
Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Website
- Industry Reports
Disclaimers:
This analysis is based on publicly available information and should not be considered financial advice. Market conditions and company performance can change rapidly.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fonar Corporation
Exchange NASDAQ | Headquaters Melville, NY, United States | ||
IPO Launch date 1987-01-01 | Chairman, President, CEO & Treasurer Mr. Timothy R. Damadian M.D. | ||
Sector Healthcare | Industry Diagnostics & Research | Full time employees 520 | Website https://www.fonar.com |
Full time employees 520 | Website https://www.fonar.com |
FONAR Corporation, together with its subsidiaries, engages in the designing, manufacturing, and selling magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases, abnormalities, other medical conditions, and injuries in the United States. It operates in two segments, Medical Equipment, and Physician Management and Diagnostic Services. The company offers Upright MRI scanner, allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. It also provides 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. In addition, the company owns and operates diagnostic imaging facilities. The company markets its scanners to private diagnostic imaging centers and hospital outpatient imaging facilities. FONAR Corporation was founded in 1978 and is based in Melville, New York.

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