earnings
confidence high
sentiment neutral
materiality 0.70
RadNet Q4 revenue $333.2M (+8% YoY), GAAP EPS -$0.07; guides 2022 Adj EBITDA $205-215M ex-AI losses
RadNet, Inc.
- Q4 revenue $333.2M (+8.0% YoY), Adj EBITDA $54.5M (+7.5%), Adj EPS $0.13 vs $0.20 YoY.
- GAAP net loss in Q4 2021 was $3.8M ($0.07 loss per share) vs net income $6.0M ($0.11) in Q4 2020.
- Full year 2021 revenue $1,315.1M (+22.7%), Adj EBITDA $218.9M (+57%); Net income $24.7M ($0.46/diluted).
- 2022 guidance: Revenue $1,350-1,400M, Adj EBITDA (ex-AI losses) $205-215M, CapEx $85-90M, FCF $80-90M.
- AI division losses expected $12-17M in 2022; completed acquisitions of Aidence and Quantib (Netherlands AI cos).