FONAR Announces Fiscal 2020 Financial Results

COVID-19 continued to affect imaging center scan volumes in Q4. However, the Company recovered to nearly 75% of pre-COVID-19 levels by the end of
Q4.

Total MRI scan volume at the HMCA-managed sites decreased 42% to 27,757 scans for the three month period ending June 30, 2020 as compared to the
prior year. The impact from COVID-19 on MRI scan volume for the current fiscal year cannot be forecasted