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Side-by-side financial comparison of FONAR CORP (FONR) and SuperCom Ltd (SPCB). Click either name above to swap in a different company.

FONAR CORP is the larger business by last-quarter revenue ($25.5M vs $14.2M, roughly 1.8× SuperCom Ltd). SuperCom Ltd runs the higher net margin — 37.5% vs 8.0%, a 29.4% gap on every dollar of revenue. On growth, FONAR CORP posted the faster year-over-year revenue change (2.4% vs -1.5%). FONAR CORP produced more free cash flow last quarter ($-227.0K vs $-3.6M).

FONAR Corp is a specialized medical technology firm that designs, manufactures, and distributes innovative MRI systems including upright and open models. It primarily serves U.S. hospitals, diagnostic imaging centers, and healthcare providers, delivering high-precision scanning solutions for clinical diagnostic use.

Super.com is a technology company headquartered in San Francisco and co-founded by Hussein Fazal and Henry Shi. The company provides financial services, including reward programs and travel bookings.

FONR vs SPCB — Head-to-Head

Bigger by revenue
FONR
FONR
1.8× larger
FONR
$25.5M
$14.2M
SPCB
Growing faster (revenue YoY)
FONR
FONR
+3.8% gap
FONR
2.4%
-1.5%
SPCB
Higher net margin
SPCB
SPCB
29.4% more per $
SPCB
37.5%
8.0%
FONR
More free cash flow
FONR
FONR
$3.4M more FCF
FONR
$-227.0K
$-3.6M
SPCB

Income Statement — Q2 FY2026 vs Q2 FY2025

Metric
FONR
FONR
SPCB
SPCB
Revenue
$25.5M
$14.2M
Net Profit
$2.1M
$5.3M
Gross Margin
61.2%
Operating Margin
13.5%
16.3%
Net Margin
8.0%
37.5%
Revenue YoY
2.4%
-1.5%
Net Profit YoY
4.7%
79.5%
EPS (diluted)
$1.32

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FONR
FONR
SPCB
SPCB
Q4 25
$25.5M
Q3 25
$26.0M
Q2 25
$27.3M
$14.2M
Q1 25
$27.2M
Q4 24
$24.9M
Q3 24
$25.0M
Q2 24
$25.9M
$14.4M
Q1 24
$25.7M
Net Profit
FONR
FONR
SPCB
SPCB
Q4 25
$2.1M
Q3 25
$2.3M
Q2 25
$729.3K
$5.3M
Q1 25
$2.5M
Q4 24
$2.0M
Q3 24
$3.1M
Q2 24
$830.4K
$3.0M
Q1 24
$1.9M
Gross Margin
FONR
FONR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
61.2%
Q1 25
Q4 24
Q3 24
Q2 24
52.3%
Q1 24
Operating Margin
FONR
FONR
SPCB
SPCB
Q4 25
13.5%
Q3 25
14.1%
Q2 25
5.3%
16.3%
Q1 25
15.2%
Q4 24
11.9%
Q3 24
21.0%
Q2 24
7.4%
7.7%
Q1 24
16.8%
Net Margin
FONR
FONR
SPCB
SPCB
Q4 25
8.0%
Q3 25
8.7%
Q2 25
2.7%
37.5%
Q1 25
9.2%
Q4 24
7.9%
Q3 24
12.6%
Q2 24
3.2%
20.6%
Q1 24
7.3%
EPS (diluted)
FONR
FONR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$1.32
Q1 25
Q4 24
Q3 24
Q2 24
$1.19
Q1 24

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FONR
FONR
SPCB
SPCB
Cash + ST InvestmentsLiquidity on hand
$121.0K
$15.0M
Total DebtLower is stronger
$23.6M
Stockholders' EquityBook value
$176.9M
$37.3M
Total Assets
$217.2M
$65.5M
Debt / EquityLower = less leverage
0.63×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FONR
FONR
SPCB
SPCB
Q4 25
$121.0K
Q3 25
$122.0K
Q2 25
$56.5M
$15.0M
Q1 25
$123.0K
Q4 24
$121.0K
Q3 24
$136.0K
Q2 24
$56.5M
$5.7M
Q1 24
$134.0K
Total Debt
FONR
FONR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
$23.6M
Q1 25
Q4 24
Q3 24
Q2 24
$66.9K
$29.2M
Q1 24
Stockholders' Equity
FONR
FONR
SPCB
SPCB
Q4 25
$176.9M
Q3 25
$174.9M
Q2 25
$172.6M
$37.3M
Q1 25
$171.9M
Q4 24
$169.8M
Q3 24
$168.7M
Q2 24
$166.0M
$13.8M
Q1 24
$165.8M
Total Assets
FONR
FONR
SPCB
SPCB
Q4 25
$217.2M
Q3 25
$218.4M
Q2 25
$216.9M
$65.5M
Q1 25
$214.9M
Q4 24
$208.0M
Q3 24
$212.3M
Q2 24
$214.2M
$49.6M
Q1 24
$209.6M
Debt / Equity
FONR
FONR
SPCB
SPCB
Q4 25
Q3 25
Q2 25
0.63×
Q1 25
Q4 24
Q3 24
Q2 24
0.00×
2.11×
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FONR
FONR
SPCB
SPCB
Operating Cash FlowLast quarter
$171.0K
$-2.2M
Free Cash FlowOCF − Capex
$-227.0K
$-3.6M
FCF MarginFCF / Revenue
-0.9%
-25.3%
Capex IntensityCapex / Revenue
1.6%
10.0%
Cash ConversionOCF / Net Profit
0.08×
-0.41×
TTM Free Cash FlowTrailing 4 quarters
$5.7M
$-14.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FONR
FONR
SPCB
SPCB
Q4 25
$171.0K
Q3 25
$1.7M
Q2 25
$4.2M
$-2.2M
Q1 25
$3.1M
Q4 24
$2.2M
Q3 24
$1.7M
Q2 24
$4.6M
$-950.0K
Q1 24
$2.8M
Free Cash Flow
FONR
FONR
SPCB
SPCB
Q4 25
$-227.0K
Q3 25
$-177.0K
Q2 25
$3.6M
$-3.6M
Q1 25
$2.6M
Q4 24
$1.5M
Q3 24
$-148.0K
Q2 24
$4.2M
$-1.6M
Q1 24
$2.6M
FCF Margin
FONR
FONR
SPCB
SPCB
Q4 25
-0.9%
Q3 25
-0.7%
Q2 25
13.1%
-25.3%
Q1 25
9.4%
Q4 24
6.0%
Q3 24
-0.6%
Q2 24
16.1%
-10.8%
Q1 24
10.2%
Capex Intensity
FONR
FONR
SPCB
SPCB
Q4 25
1.6%
Q3 25
7.2%
Q2 25
2.4%
10.0%
Q1 25
2.2%
Q4 24
3.0%
Q3 24
7.2%
Q2 24
1.6%
4.2%
Q1 24
0.7%
Cash Conversion
FONR
FONR
SPCB
SPCB
Q4 25
0.08×
Q3 25
0.75×
Q2 25
5.79×
-0.41×
Q1 25
1.26×
Q4 24
1.14×
Q3 24
0.53×
Q2 24
5.54×
-0.32×
Q1 24
1.50×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FONR
FONR

Managementof Diagnostic Imaging Centers$23.2M91%
Manufacturingand Servicingof Medical Equipment$2.4M9%

SPCB
SPCB

Segment breakdown not available.

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