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FONAR Corporation (FONR)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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17.75-0.24 (-1.33%)
At close: 4:00PM EST

17.75 0.00 (0.00%)
After hours: 4:00PM EST

FONAR Corporation

110 Marcus Drive
Melville, NY 11747
United States
631 694 2929

IndustryMedical Devices
Full Time Employees424

Key Executives

NameTitlePayExercisedYear Born
Dr. Raymond V. DamadianChairman, Treasurer & Acting Principal Financial Officer153.1kN/A1936
Mr. Timothy R. DamadianCEO & PresN/AN/A1964
Mr. Luciano B. BonanniCOO & Exec. VP146.5kN/A1955
Ms. Claudette J. V. ChanSec. & Director20kN/A1938
Mr. Daniel CulverDirector of CommunicationsN/AN/AN/A
Amounts are as of December 31, 2020 and compensation values are for the last fiscal year ending on that date. Pay is salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.


FONAR Corporation, together with its subsidiaries, engages 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, Medical Equipment segment, and Physician Management and Diagnostic services segment. It provides Upright MRI scanner that allows patients to be scanned in weight-bearing conditions, such as standing, sitting, bending, or lying down. The company offers 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 the development and implementation of practice growth and marketing strategies. The company owns and operates four diagnostic imaging facilities in Florida; and manages 35 MRI scanning facilities, including 22 facilities located in New York and 13 situated in Florida. It markets its scanners to private diagnostic imaging centers and hospitals. The company was founded in 1978 and is based in Melville, New York.

Corporate Governance

FONAR Corporation’s ISS Governance QualityScore as of January 22, 2021 is 10. The pillar scores are Audit: 10; Board: 10; Shareholder Rights: 10; Compensation: 4.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while a 10 indicates higher governance risk.