Fonar Historical Income Statement

FONR Stock

USD 16.39 0.06 0.36%

Historical analysis of Fonar income statement accounts such as Selling General Administrative of 18.8 M or Total Revenue of 53.6 M can show how well Fonar performed in making a profits. Evaluating Fonar income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Fonar's future profits or losses.

Cash Flow Balance Sheet Income Statement

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Financial Statement Analysis is much more than just reviewing and examining Fonar latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Fonar is a good buy for the upcoming year.

Net Income Gross Profit

Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fonar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide.

About Fonar Income Statement Analysis

Fonar Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Fonar shareholders. The income statement also shows Fonar investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Fonar Income Statement Chart

At this time, Fonar's Net Income is relatively stable compared to the past year. As of 11/28/2024, Income Tax Expense is likely to grow to about 5.4 M, while Selling General Administrative is likely to drop slightly above 18.8 M.

Depreciation And Amortization Interest Expense Selling General Administrative Total Revenue Gross Profit Total Operating Expenses

Depreciation And Amortization

The systematic reduction in the recorded value of an intangible asset. This includes the allocation of the cost of tangible assets to periods in which the assets are used, representing the expense related to the wear and tear, deterioration, or obsolescence of physical assets and intangible assets over their useful lives.

Interest Expense

The cost incurred by an entity for borrowed funds, including loans, bonds, or lines of credit.

Total Revenue

Total revenue comprises all receipts Fonar generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Fonar minus its cost of goods sold. It is profit before Fonar operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Total Operating Expenses

The total costs associated with the day-to-day operations of a business, excluding the cost of goods sold but including selling, general, and administrative expenses.

Most accounts from Fonar's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Fonar current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fonar. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.

To learn how to invest in Fonar Stock, please use our How to Invest in Fonar guide.At this time, Fonar's Net Income is relatively stable compared to the past year. As of 11/28/2024, Income Tax Expense is likely to grow to about 5.4 M, while Selling General Administrative is likely to drop slightly above 18.8 M.

	2021	2022	2023	2024 (projected)
Gross Profit	47.0M	45.7M	45.1M	23.0M
Total Revenue	97.6M	98.6M	102.9M	53.6M

Gross Profit Total Revenue

Fonar income statement Correlations

	Depreciation And Amortization	Interest Expense	Selling General Administrative	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Research Development	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation
Depreciation And Amortization		-0.45	0.74	0.61	0.54	0.72	0.5	0.63	-0.07	0.81	0.66	0.79	0.59	0.5	0.24	0.56	-0.6	0.08	-0.17	0.83	0.69	0.18	0.17	0.86
Interest Expense	-0.45		-0.71	-0.57	-0.6	-0.6	-0.56	-0.66	0.07	-0.65	-0.54	-0.68	-0.67	-0.51	-0.51	-0.3	-0.05	-0.46	0.15	-0.49	-0.42	0.28	-0.59	-0.46
Selling General Administrative	0.74	-0.71		0.91	0.9	0.96	0.65	0.72	-0.26	0.79	0.91	0.99	0.75	0.55	0.53	0.45	-0.34	0.36	-0.22	0.66	0.64	0.1	0.5	0.71
Total Revenue	0.61	-0.57	0.91		0.99	0.98	0.81	0.79	-0.49	0.8	0.99	0.88	0.85	0.31	0.74	0.23	-0.14	0.52	-0.33	0.47	0.46	0.02	0.3	0.57
Gross Profit	0.54	-0.6	0.9	0.99		0.95	0.82	0.79	-0.52	0.77	0.96	0.86	0.85	0.29	0.78	0.18	-0.09	0.56	-0.31	0.4	0.41	-0.03	0.33	0.5
Other Operating Expenses	0.72	-0.6	0.96	0.98	0.95		0.76	0.78	-0.37	0.83	0.99	0.95	0.82	0.43	0.64	0.35	-0.26	0.44	-0.32	0.59	0.57	0.08	0.35	0.67
Operating Income	0.5	-0.56	0.65	0.81	0.82	0.76		0.95	-0.39	0.89	0.79	0.64	0.98	0.07	0.91	0.1	0.09	0.77	-0.31	0.38	0.32	-0.29	0.05	0.36
Ebit	0.63	-0.66	0.72	0.79	0.79	0.78	0.95		-0.29	0.97	0.79	0.72	0.96	0.22	0.77	0.38	-0.11	0.66	-0.27	0.62	0.58	-0.11	0.08	0.57
Research Development	-0.07	0.07	-0.26	-0.49	-0.52	-0.37	-0.39	-0.29		-0.25	-0.46	-0.18	-0.32	0.24	-0.48	0.28	-0.14	-0.14	0.0	0.18	0.17	0.0	0.16	-0.01
Ebitda	0.81	-0.65	0.79	0.8	0.77	0.83	0.89	0.97	-0.25		0.82	0.81	0.93	0.33	0.67	0.47	-0.28	0.53	-0.26	0.74	0.67	-0.02	0.12	0.72
Cost Of Revenue	0.66	-0.54	0.91	0.99	0.96	0.99	0.79	0.79	-0.46	0.82		0.89	0.83	0.33	0.68	0.28	-0.19	0.47	-0.35	0.52	0.5	0.06	0.26	0.63
Total Operating Expenses	0.79	-0.68	0.99	0.88	0.86	0.95	0.64	0.72	-0.18	0.81	0.89		0.75	0.6	0.5	0.48	-0.39	0.35	-0.25	0.7	0.68	0.12	0.5	0.73
Income Before Tax	0.59	-0.67	0.75	0.85	0.85	0.82	0.98	0.96	-0.32	0.93	0.83	0.75		0.28	0.89	0.2	0.0	0.73	-0.33	0.47	0.44	-0.24	0.22	0.45
Total Other Income Expense Net	0.5	-0.51	0.55	0.31	0.29	0.43	0.07	0.22	0.24	0.33	0.33	0.6	0.28		0.06	0.46	-0.44	-0.04	-0.15	0.46	0.54	0.22	0.78	0.4
Net Income	0.24	-0.51	0.53	0.74	0.78	0.64	0.91	0.77	-0.48	0.67	0.68	0.5	0.89	0.06		-0.23	0.33	0.79	-0.33	0.03	0.02	-0.48	0.15	0.04
Income Tax Expense	0.56	-0.3	0.45	0.23	0.18	0.35	0.1	0.38	0.28	0.47	0.28	0.48	0.2	0.46	-0.23		-0.72	-0.12	0.02	0.88	0.96	0.64	0.15	0.78
Minority Interest	-0.6	-0.05	-0.34	-0.14	-0.09	-0.26	0.09	-0.11	-0.14	-0.28	-0.19	-0.39	0.0	-0.44	0.33	-0.72		0.44	-0.24	-0.66	-0.7	-0.77	-0.13	-0.64
Net Income From Continuing Ops	0.08	-0.46	0.36	0.52	0.56	0.44	0.77	0.66	-0.14	0.53	0.47	0.35	0.73	-0.04	0.79	-0.12	0.44		-0.34	0.04	0.07	-0.46	0.12	0.0
Non Recurring	-0.17	0.15	-0.22	-0.33	-0.31	-0.32	-0.31	-0.27	0.0	-0.26	-0.35	-0.25	-0.33	-0.15	-0.33	0.02	-0.24	-0.34		-0.09	-0.09	0.06	-0.09	-0.1
Non Operating Income Net Other	0.83	-0.49	0.66	0.47	0.4	0.59	0.38	0.62	0.18	0.74	0.52	0.7	0.47	0.46	0.03	0.88	-0.66	0.04	-0.09		0.93	0.38	0.12	0.91
Tax Provision	0.69	-0.42	0.64	0.46	0.41	0.57	0.32	0.58	0.17	0.67	0.5	0.68	0.44	0.54	0.02	0.96	-0.7	0.07	-0.09	0.93		0.55	0.22	0.83
Interest Income	0.18	0.28	0.1	0.02	-0.03	0.08	-0.29	-0.11	0.0	-0.02	0.06	0.12	-0.24	0.22	-0.48	0.64	-0.77	-0.46	0.06	0.38	0.55		0.03	0.41
Net Interest Income	0.17	-0.59	0.5	0.3	0.33	0.35	0.05	0.08	0.16	0.12	0.26	0.5	0.22	0.78	0.15	0.15	-0.13	0.12	-0.09	0.12	0.22	0.03		0.11
Reconciled Depreciation	0.86	-0.46	0.71	0.57	0.5	0.67	0.36	0.57	-0.01	0.72	0.63	0.73	0.45	0.4	0.04	0.78	-0.64	0.0	-0.1	0.91	0.83	0.41	0.11

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Fonar Account Relationship Matchups

Fonar income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Depreciation And Amortization	4.9M	5.5M	8.5M	8.8M	8.9M	9.4M
Interest Expense	74.3K	248.7K	346.6K	50.1K	77.0K	73.1K
Selling General Administrative	26.7M	24.7M	23.5M	29.4M	26.9M	18.8M
Total Revenue	85.7M	89.9M	97.6M	98.6M	102.9M	53.6M
Gross Profit	42.4M	43.5M	47.0M	45.7M	45.1M	23.0M
Other Operating Expenses	72.0M	72.8M	75.6M	83.9M	86.3M	54.7M
Operating Income	8.8M	17.1M	22.0M	14.8M	16.5M	17.4M
Ebit	8.8M	17.9M	23.1M	15.8M	19.3M	20.3M
Research Development	2.0M	1.6M	1.5M	1.6M	1.7M	2.8M
Ebitda	13.7M	23.5M	31.7M	24.6M	28.3M	29.7M
Cost Of Revenue	43.3M	46.5M	50.6M	52.9M	57.7M	30.7M
Total Operating Expenses	28.7M	26.4M	25.0M	31.0M	28.6M	24.0M
Income Before Tax	14.1M	17.7M	22.8M	15.8M	19.3M	20.2M
Total Other Income Expense Net	5.3M	567.7K	761.7K	969.3K	2.7M	3.0M
Net Income	11.7M	13.7M	17.2M	9.4M	10.6M	11.1M
Income Tax Expense	2.4M	4.0M	5.5M	3.6M	5.2M	5.4M
Minority Interest	(3.5M)	(3.0M)	(4.8M)	(2.8M)	(3.5M)	(3.4M)
Net Income Applicable To Common Shares	16.5M	9.7M	11.9M	8.9M	10.3M	18.7M
Net Income From Continuing Ops	11.7M	13.7M	17.2M	12.1M	14.1M	16.6M
Non Operating Income Net Other	262.6K	482.6K	572.9K	1.1M	1.3M	1.3M
Tax Provision	2.4M	4.0M	5.5M	3.6M	5.2M	5.4M
Net Interest Income	427.8K	(248.7K)	(346.6K)	(50.1K)	(77.0K)	(80.8K)
Reconciled Depreciation	4.9M	5.5M	8.5M	8.8M	8.9M	6.6M

Pair Trading with Fonar

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Fonar position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Fonar will appreciate offsetting losses from the drop in the long position's value.

Moving together with Fonar Stock

0.7

Cigna Corp

Pair Corr

Moving against Fonar Stock

0.81	VMD	Viemed Healthcare	Pair Corr
0.71	WGS	GeneDx Holdings Corp	Pair Corr
0.56	LNSR	LENSAR Inc	Pair Corr
0.47	MBOT	Microbot Medical	Pair Corr
0.37	VREX	Varex Imaging Corp	Pair Corr

The ability to find closely correlated positions to Fonar could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Fonar when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Fonar - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Fonar to buy it.

The correlation of Fonar is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Fonar moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Fonar moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Fonar can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Fonar Stock Analysis

When running Fonar's price analysis, check to measure Fonar's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fonar is operating at the current time. Most of Fonar's value examination focuses on studying past and present price action to predict the probability of Fonar's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fonar's price. Additionally, you may evaluate how the addition of Fonar to your portfolios can decrease your overall portfolio volatility.

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Fonar Historical Income Statement

About Fonar Income Statement Analysis

Fonar Income Statement Chart

Depreciation And Amortization

Interest Expense

Total Revenue

Gross Profit

Total Operating Expenses

Fonar income statement Correlations

Fonar Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Fonar income statement Accounts

Pair Trading with Fonar

Moving together with Fonar Stock

Moving against Fonar Stock

Additional Tools for Fonar Stock Analysis

COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Total Operating Expenses	+ 0.99	Selling General Administrative
Gross Profit	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Total Revenue
Cost Of Revenue	+ 0.99	Other Operating Expenses
Other Operating Expenses	+ 0.98	Total Revenue
Income Before Tax	+ 0.98	Operating Income

Interest Income	- 0.77	Minority Interest
Minority Interest	- 0.72	Income Tax Expense
Selling General Administrative	- 0.71	Interest Expense
Tax Provision	- 0.7	Minority Interest
Total Operating Expenses	- 0.68	Interest Expense
Income Before Tax	- 0.67	Interest Expense