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OFFON
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  5. FONAR Corporation
  6. Company
    FONR   US3444374058

FONAR CORPORATION

(FONR)
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Business Summary
Fonar Corporation is engaged in the research, development, production and marketing of magnetic resonance imaging (MRI) scanners for the detection and diagnosis of human diseases in the United States. The Company operates through two segments: manufacturing and the servicing of medical equipment, and management of diagnostic imaging centers. It offers Upright MRI, which is used to scan any part of the body. The Upright MRI allows patients to be scanned in various conditions, such as standing, sitting, bending or lying down in any position. The CompanyÔÇÖs products and services also offer the FONAR 360┬░ and the OPEN SKY MRI.

Number of employees : 495 people.
Sales per Business
20202021Delta
Management of Diagnostic Imaging Center77.2390.1%80.8990% +4.75%
Manufacturing and Servicing of Medical Equipment8.469.9%9.0410% +6.78%
USD in Million
Sales per region
2021
United States85.8895.5%
Puerto Rico1.351.5%
Germany1.351.5%
United Kingdom0.540.6%
Switzerland0.270.3%
Canada0.270.3%
Greece0.270.3%
USD in Million
Managers
Name Title Age Since
Timothy R. Damadian President & Chief Executive Officer 56 2016
Raymond V. Damadian, Dr. Chairman, Chief Financial Officer & Treasurer 84 2016
Luciano Bonanni Chief Operating Officer & Executive Vice President 65 2016
Charles N. O'Data Lead Independent Director 84 2012
Ronald G Lehman Independent Director 44 2012
Richard E. Turk Independent Director 36 2020
Daniel Culver Communications Director - 1978
Claudette J. V. Chan Secretary & Director 82 2008
Members of the board
Name Title Age Since
Raymond V. Damadian, Dr. Chairman, Chief Financial Officer & Treasurer 84 2016
Claudette J. V. Chan Secretary & Director 82 2008
Charles N. O'Data Lead Independent Director 84 2012
Ronald G Lehman Independent Director 44 2012
Richard E. Turk Independent Director 36 2020
Equities
Vote QuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 6,566,210 6,339,988 96.6% 12,000 0.2% 87.3%
Stock B 10 146 0 0.0% 0 0.0%
Stock C 25 382,513 0 0.0% 0 0.0%
Stock D 0 313,000 0 0.0% 0 0.0%
Shareholders
NameEquities%
Kayne Anderson Rudnick Investment Management LLC 890,831 13.6%
Renaissance Technologies LLC 431,816 6.59%
Dimensional Fund Advisors LP 369,021 5.63%
The Vanguard Group, Inc. 313,770 4.79%
LSV Asset Management 202,455 3.09%
Raymond V. Damadian 121,402 1.85%
Allianz Global Investors U.S. LLC 117,370 1.79%
NorthPointe Capital LLC 112,470 1.72%
Schroder Investment Management Ltd. 109,535 1.67%
EAM Investors LLC 104,384 1.59%
Company contact information
FONAR Corp.
110 Marcus Drive
Melville, NY 11747

Phone : +1.631.694.2929
Fax : +1.631.753.5150
Web : http://www.fonar.com
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Sector Other Advanced Medical Equipment & Technology