About Fonar
Fonar is a publicly listed company based in Melville (United States) founded in 1978. It operates as an upright multi-position MRI systems are developed for disease diagnostics. The company has 520 employees. Its chief executive is Timothy Damadian. Its focus areas include Life Sciences, Imaging Diagnostics and Magnetic Resonance Imaging. Its competitors include Openwater, Hyperfine, Promaxo, InkSpace Imaging and MRIguidance and 4 more; 8 of its 9 listed competitors have raised funding.
Company details
Fonar was founded in 1978 in Melville, United States, within the medical imaging sector. Magnetic resonance imaging technology is produced for human disease detection and diagnosis. Operations are structured into two segments: Medical Equipment and Physician Management and Diagnostic Services. The Upright MRI system, designed as a weight-bearing whole-body open scanner, is employed for positional imaging applications across clinical settings.
- Annual Revenue$104.35 M (USD)1.43as on Jun 30, 2025
- Net Profit$8.33 M (USD)-21.13as on Jun 30, 2025
- EBITDA$16.3 M (USD)-35.95as on Jun 30, 2025
- Employee Count520
People of Fonar
3 people are tracked at Fonar (1 in leadership, 2 in team); the tracked headcount is 520.
| Name | Role | Group |
|---|---|---|
Timothy Damadian | CEO & President | Leadership |
John Collins | General Counsel | Team |
Henry Meyer | General Counsel | Team |
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IPO & Listings of Fonar
Fonar is a publicly listed company on the NASDAQ with ticker symbol FONR in USA, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date01 Jan 1987
- Listed onNASDAQ: FONR
- Listed entityFonar Corporation
- Exchange sectorCommercial services
- ISINUS3444374058
- Share price$18.85 (-0.16% on the day) · 2026-05-11
- Market capitalisation$118.4M
- Price to earnings16.7
- EPS (diluted, trailing year)$1.13
- Volume (last session)83,194
- Analyst consensusNo rating
Financials of Fonar
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | $104.3M | $8.3M | $16.3M |
| 2024 | $102.9M | $10.6M | $25.4M |
| 2023 | $98.7M | $9.4M | $23.6M |
| 2022 | $97.6M | $12.4M | $30.5M |
| 2021 | $89.9M | $10.2M | $22.6M |
Detailed financial statements for Fonar
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Competitors of Fonar
Fonar has 9 listed competitors in our database, 8 of them funded. They include Openwater, Hyperfine, Promaxo, InkSpace Imaging and MRIguidance, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| openwater.health | 2016 | San Francisco, United States | $54M | – | Provider of imaging technologies for medical diagnosis and treatments | |
| hyperfine.io | 2014 | New York, United States | – | 131 | Portable MRI systems are manufactured for medical professionals. | |
| promaxo.com | 2016 | Rockville, United States | $72.28M | 22 | Portable MRI for prostate cancer screening is developed. | |
| inkspaceimaging.com | 2016 | Pleasanton, United States | $100,000 | 11 | Patented customized MRI coils are developed for pediatric applications. | |
| mriguidance.com | 2016 | Utrecht, Netherlands | $2.99M | – | An MRI-based platform for bone diagnostics is provided. | |
| voxelgrids.com | 2017 | Bengaluru, India | $6.67M | 32 | Next-generation MRI scanners are supplied for medical imaging applications. | |
| magnetica.com | 2005 | Brisbane, Australia | $7.54M | – | Developer of magnetic resonance imaging devices for the diagnosis of multiple diseases | |
| physiomri.com | 2020 | Valencia, Spain | $4.29M | – | Next-generation MRI machines are developed for injury diagnosis. | |
| xmagtech.com | 2020 | Haidian, China | $28.72M | – | Non-invasive magnetic resonance imaging equipment is developed for cardiovascular applications. |
Detailed competitors of Fonar
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Web traffic of Fonar
The website of Fonar (fonar.com) receives about 7.1K visits a month.
- Monthly visits7.1K
▼ 22.1% vs previous month
Websites whose visitors overlap most with Fonar. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| gehealthcare.com | 100% | 1.9M | #30,587 | View details | |
| medtronic.com | 81% | 2.6M | #22,622 | View details | |
| adam.com | 79% | 152K | #259,236 | View details | |
| amberusa.com | 73% | – | #3,956,148 | View details | |
soundimaginginc.com | soundimaginginc.com | 73% | – | – | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 13 similar websites and full traffic analytics for Fonar
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Top companies in Imaging Diagnostics
10 companies that operate in the same segment as Fonar (Imaging Diagnostics), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Handheld ultrasound devices are developed for whole-body medical imaging. | 2011 | Guilford, Connecticut, United States | USD 350 M | USD 97.61 M | 464 | |
Technology tools and systems for molecular scale are developed. | 1959 | Abingdon, Oxfordshire, United Kingdom | – | USD 648.1 M | – | |
MR-interfaced ultrasound devices for cancer and neurology treatments are provided. | 1999 | Tirat Carmel, Haifa District, Israel | USD 574.2 M | – | 541 | |
Robotic microsurgical systems for endoscopy are developed. | 2007 | Redwood City, California, United States | USD 733.62 M | – | 91 | |
Manufacturer of imaging and surgical products | 1919 | Tokyo, Tokyo, Japan | – | USD 6.49 B | 35,933 | |
Ultrasound images are analyzed via AI-based software provided by Exo. | 2015 | Redwood City, California, United States | USD 463.39 M | – | – | |
Planar X-ray radiology products for diagnostic imaging are supplied. | 2000 | Oxford, Oxfordshire, United Kingdom | USD 43.43 M | USD 1.04 M | 50 | |
Digital X-ray sources are developed by Nanox for cloud-based diagnostics. | 2004 | Jerusalem, Jerusalem District, Israel | USD 110.72 M | USD 13.02 M | 165 | |
ImaginAb is focused on developing advanced immuno-oncology imaging technologies. | 2007 | Los Angeles, California, United States | USD 59.64 M | – | – | |
Portable wireless ultrasound systems are developed for medical imaging. | 2014 | Burnaby, British Columbia, Canada | USD 21.87 M | – | – |
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Related news about Fonar
Complete news archive for Fonar
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Frequently Asked Questions about Fonar
Fonar was founded in 1978.
Fonar is headquartered in Melville, United States. It is registered at Melville, New York, United States.
Timothy Damadian is the current CEO of Fonar.
Fonar has 520 employees.
Annual revenue of Fonar is $104.35M as on Jun 30, 2025.
Fonar was founded in 1978 in Melville, United States, within the medical imaging sector. Magnetic resonance imaging technology is produced for human disease detection and diagnosis. Operations are structured into two segments: Medical Equipment and Physician Management and Diagnostic Services. The Upright MRI system, designed as a weight-bearing whole-body open scanner, is employed for positional imaging applications across clinical settings.
Yes, Fonar is publicly traded on NASDAQ under the ticker symbol FONR.