Fonar Q3 FY26 net income drops to $2.3 million; revenue falls to $26.5 million

• Fonar reported fiscal third-quarter net income of $2.3 million, down from $3.1 million a year earlier, as revenue slipped to $26.5 million from $27.2 million.
• Operating income fell to $2.4 million from $3.7 million, with results pressured by merger-related costs tied to its proposed going-private transaction, alongside higher spending on IT software and cybersecurity improvements.
• For the first nine months of fiscal 2026, net income declined to $7.5 million from $9.3 million while revenue inched up to $78.1 million from $77.1 million.
• Nine-month operating income narrowed to $8.6 million from $10.7 million as total costs and expenses rose 4.5% to $69.4 million despite a 1.3% increase in revenue.
• Management said it plans to open an additional Long Island, New York location before year-end, targeting about $900,000 in costs for a new scanner and buildout.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Fonar Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001731122-26-000700), on May 11, 2026, and is solely responsible for the information contained therein.