About Fonar
Fonar is a company based in Melville (United States) founded in 1978.. The company has 520 employees as of June 30, 2025. Fonar operates in a competitive market with competitors including Openwater, Hyperfine, Promaxo, InkSpace Imaging and MRIguidance, among others.
- Headquarter Melville, United States
- Employees 520 as on 30 Jun, 2025
- Stage Public
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Sectors
Healthcare
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Phone
*********
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Website
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Social
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- Legal Name Fonar Corporation
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Annual Revenue
$104.35 M1.43as on Jun 30, 2025
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Net Profit
$8.33 M-21.13as on Jun 30, 2025
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EBITDA
$16.3 M-35.95as on Jun 30, 2025
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Latest Funding Round
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Investors
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Employee Count
520
as on Jun 30, 2025
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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.
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Funding Insights of Fonar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by Fonar
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Fonar
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fonar Comparisons
Competitors of Fonar
Fonar operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Openwater, Hyperfine, Promaxo, InkSpace Imaging and MRIguidance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Provider of imaging technologies for medical diagnosis and treatments
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| domain | founded_year | HQ Location |
Portable MRI systems are manufactured for medical professionals.
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| domain | founded_year | HQ Location |
Portable MRI for prostate cancer screening is developed.
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| domain | founded_year | HQ Location |
Patented customized MRI coils are developed for pediatric applications.
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| domain | founded_year | HQ Location |
An MRI-based platform for bone diagnostics is provided.
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| domain | founded_year | HQ Location |
Next-generation MRI scanners are supplied for medical imaging applications.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fonar
Frequently Asked Questions about Fonar
When was Fonar founded?
Fonar was founded in 1978.
Where is Fonar located?
Fonar is headquartered in Melville, United States. It is registered at Melville, New York, United States.
Who is the current CEO of Fonar?
Timothy Damadian is the current CEO of Fonar.
How many employees does Fonar have?
As of Jun 30, 2025, the latest employee count at Fonar is 520.
What is the annual revenue of Fonar?
Annual revenue of Fonar is $104.35M as on Jun 30, 2025.
What does Fonar do?
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.
Who are the top competitors of Fonar?
Is Fonar publicly traded?
Yes, Fonar is publicly traded on NASDAQ under the ticker symbol FONR.
What is Fonar's ticker symbol?
The ticker symbol of Fonar is FONR on NASDAQ.
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