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Upturn AI SWOT - About
FONR 
Fonar Corporation (FONR)
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Upturn Advisory Summary
04/01/2025: FONR (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -7.12% | Avg. Invested days 34 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 95.29M USD | Price to earnings Ratio 10.64 | 1Y Target Price - |
Price to earnings Ratio 10.64 | 1Y Target Price - | ||
Volume (30-day avg) 11040 | Beta 1.19 | 52 Weeks Range 13.27 - 20.18 | Updated Date 03/30/2025 |
52 Weeks Range 13.27 - 20.18 | Updated Date 03/30/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 1.4 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 10.27% | Operating Margin (TTM) 5.14% |
Management Effectiveness
Return on Assets (TTM) 4.98% | Return on Equity (TTM) 9.17% |
Valuation
Trailing PE 10.64 | Forward PE - | Enterprise Value 70921921 | Price to Sales(TTM) 0.84 |
Enterprise Value 70921921 | Price to Sales(TTM) 0.84 | ||
Enterprise Value to Revenue 0.7 | Enterprise Value to EBITDA 3.05 | Shares Outstanding 6271660 | Shares Floating 5846309 |
Shares Outstanding 6271660 | Shares Floating 5846309 | ||
Percent Insiders 2.42 | Percent Institutions 49.78 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Fonar Corporation
Company Overview
History and Background
Fonar Corporation, founded in 1978 by Dr. Raymond Damadian, is a pioneer in MRI technology. It developed the first commercial MRI scanner and has focused on upright, open MRI systems.
Core Business Areas
- MRI Scanners: Development, manufacturing, and marketing of MRI scanners, with a focus on upright, open configurations.
- MRI Service and Support: Providing service, maintenance, and repair services for Fonar and other MRI scanners.
- Medical Management Services: Manages diagnostic imaging centers to increase profitability.
Leadership and Structure
Dr. Raymond Damadian is the Chairman and President. The company has a typical corporate structure with departments for R&D, manufacturing, sales, service, and administration.
Top Products and Market Share
Key Offerings
- Upright MRI Scanners: FONAR's primary product, offering open configuration and weight-bearing imaging capabilities. Market share is relatively small compared to large players like GE, Siemens, and Philips. Competitors include Siemens, Philips, and GE. Number of installed units is estimated to be in the hundreds globally.
- FONAR UPRIGHT Multi-Position MRI: Enhanced version of the upright MRI. Market share information is not publicly available. Competitors are similar to standard upright MRI scanners.
- Revenue: 0
Market Dynamics
Industry Overview
The MRI market is characterized by technological advancements, increasing demand for diagnostic imaging, and competition among major players. The trend is toward faster scans, higher resolution, and specialized applications.
Positioning
Fonar specializes in upright, open MRI systems, carving a niche in the market for patients who cannot tolerate traditional closed MRI scanners. Its competitive advantage lies in its unique design and weight-bearing capabilities.
Total Addressable Market (TAM)
The global MRI market is projected to reach tens of billions of USD. Fonar occupies a small segment of this TAM, focusing on upright MRI systems for specialized applications.
Upturn SWOT Analysis
Strengths
- Pioneering technology in upright MRI
- Unique open design for patient comfort
- Weight-bearing imaging capabilities
- Strong brand recognition in the upright MRI niche
Weaknesses
- Limited market share compared to major players
- Reliance on a niche market segment
- Smaller R&D budget than competitors
- High cost of specialized machines
Opportunities
- Expanding applications for weight-bearing MRI
- Growing demand for patient-friendly imaging solutions
- Partnerships with orthopedic clinics and sports medicine centers
- International expansion into emerging markets
Threats
- Competition from established MRI manufacturers
- Technological advancements in closed MRI systems
- Regulatory changes impacting reimbursement
- Economic downturn affecting capital equipment spending
Competitors and Market Share
Key Competitors
- GE (GE)
- Siemens (SIEGY)
- Philips (PHG)
Competitive Landscape
Fonar's advantage is its niche in upright MRI, but it faces strong competition from larger companies with greater resources and broader product lines.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth has been moderate, influenced by scanner sales and market conditions.
Future Projections: Future projections are subject to market trends and company performance. Analyst estimates should be consulted.
Recent Initiatives: Recent initiatives may include new product development, strategic partnerships, or market expansion efforts. Consult company press releases.
Summary
Fonar Corporation is a pioneer in upright MRI technology, possessing a unique niche in the medical imaging market. While it faces competition from larger, more established players, its specialization provides a distinct advantage in patient comfort and weight-bearing imaging. Future growth will depend on expanding its niche market and strategic partnerships. Fonar's current financials require closer monitoring given its smaller market share.
Similar Companies
GE
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GE
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PHG
Koninklijke Philips NV ADR
PHG
Koninklijke Philips NV ADR
Sources and Disclaimers
Data Sources:
- Company reports, industry analysis reports, financial news sources
Disclaimers:
This analysis is based on publicly available information and is not financial advice. Market conditions and company performance are subject to change.
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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