FONAR, the Inventor of MR Scanning™, is located in Melville, NY, was incorporated in 1978, and is the first, oldest and most experienced MRI company in the industry. FONAR introduced the world's first commercial MRI in 1980, and went public in 1981. FONAR's signature product is the FONAR UPRIGHT® Multi-Position™ MRI (also known as the Stand-Up® MRI), the only whole-body MRI that performs Position™ Imaging (pMRI™) and scans patients in numerous weight-bearing positions, i.e. standing, sitting, in flexion and extension, as well as the conventional lie-down position. The FONAR UPRIGHT® MRI often detects patient problems that other MRI scanners cannot because they are lie-down and 'weightless' only scanners. The patient-friendly UPRIGHT® MRI has a near-zero patient claustrophobic rejection rate. As a FONAR customer states, 'If the patient is claustrophobic in this scanner, they'll be claustrophobic in my parking lot.' Approximately 85% of patients are scanned sitting while watching TV.

Company profile
Ticker
FONR
Exchange
Website
CEO
Timothy R. Damadian
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Medtronic • Varian Medical Systems • Conmed • Integer • Masimo • Natus Medical • LivaNova • BioPlus Acquisition • GigCapital5 • Outset Medical ...
SEC CIK
Corporate docs
Subsidiaries
Imperial Management Services, LLC • Health Diagnostic Management, LLC • Health Management Corporation • Fair Haven Services, Inc. • HMCM, Inc. • Raymond V. Damadian, M.D. MR Scanning Center Management Company • Dynamic Services, Inc. • Central Health Care Management Company, Inc. ...
IRS number
112464137
FONR stock data
Latest filings (excl ownership)
8-K
Submission of Matters to a Vote of Security Holders
23 May 23
8-K
Fonar Announces Financial Results for Fiscal 2023 3RD Quarter and Nine-month Period
15 May 23
10-Q
2023 Q3
Quarterly report
15 May 23
DEF 14A
Definitive proxy
6 Apr 23
8-K
Fonar Board of Directors Appoints Independent Director
21 Mar 23
8-K
Fonar Announces Six Months and 2ND Quarter Financial Results for Fiscal 2023
15 Feb 23
10-Q
2023 Q2
Quarterly report
14 Feb 23
8-K
Other Events
1 Dec 22
8-K
Fonar Announces First Fiscal Quarter Earnings
15 Nov 22
10-Q
2023 Q1
Quarterly report
14 Nov 22
Latest ownership filings
SC 13G/A
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
14 Feb 23
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
13 Feb 23
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
10 Feb 23
4
Luciano B Bonanni
3 Oct 22
4
Timothy Raymond Damadian
3 Oct 22
SC 13G/A
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC
14 Feb 22
SC 13G/A
RENAISSANCE TECHNOLOGIES LLC
11 Feb 22
SC 13G/A
VANGUARD GROUP INC
10 Feb 22
SC 13G/A
DIMENSIONAL FUND ADVISORS LP
8 Feb 22
SC 13G/A
BlackRock Inc.
12 Jul 21
Financial summary
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Institutional ownership, Q1 2023
45.6% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 37 |
Opened positions | 1 |
Closed positions | 11 |
Increased positions | 16 |
Reduced positions | 10 |
13F shares | Current |
---|---|
Total value | 40.54 bn |
Total shares | 2.98 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Kayne Anderson Rudnick Investment Management | 633.61 k | $10.26 bn |
Dimensional Fund Advisors | 408.07 k | $6.61 bn |
Vanguard | 392.73 k | $6.36 bn |
Renaissance Technologies | 328.82 k | $5.33 mm |
Money Concepts Capital | 302.93 k | $4.91 bn |
LSV Asset Management | 146.35 k | $2.37 mm |
Invenomic Capital Management | 131.53 k | $2.13 bn |
BLK Blackrock | 98.74 k | $1.60 bn |
Brandywine Global Investment Management | 86.31 k | $1.40 bn |
Bridgeway Capital Management | 73.73 k | $1.19 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
30 Sep 22 | Timothy Raymond Damadian | FONAR CORPORATION COMMON STOCK | Buy | Acquire P | No | No | 14.15 | 2,200 | 31.13 k | 42,700 |
30 Sep 22 | Luciano B Bonanni | FONAR CORPORATION COMMON STOCK | Buy | Acquire P | No | No | 14.16 | 3,400 | 48.14 k | 54,253 |
29 Sep 22 | Timothy Raymond Damadian | FONAR CORPORATION COMMON STOCK | Buy | Acquire P | No | No | 13.63 | 2,500 | 34.08 k | 40,500 |
29 Sep 22 | Luciano B Bonanni | FONAR CORPORATION COMMON STOCK | Buy | Acquire P | No | No | 13.82 | 1,300 | 17.97 k | 50,853 |