RadNet Q3 revenue up 5.2% to $350M; Adj EBITDA down 8.5%; guides FY 2022 lower

RadNet, Inc.

2022-Q3 EPS reported $0.19 revenue$1,046,185,000

Imaging Centers Adj EBITDA $50.2M vs $54.9M YoY, down 8.5% on labor costs/shortage.
Diluted EPS $0.01; adjusted EPS $0.09 vs $0.21 YoY.
FY 2022 Adj EBITDA guidance cut to $203-208M (from $208-218M); free cash flow $60-70M.
Acquired Heart&Lung Health (UK teleradiology) and Montclair Radiology (6 NJ centers).
Launched Enhanced Breast Cancer Detection pilot with DeepHealth AI in Delaware.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RadNet, Inc. reported financial results for third quarter of 2022.

Period: third quarter of 2022
Result: reported results

Exact text from the filing

On November 9, 2022 RadNet, Inc. (“RadNet”) issued a press release and held a conference call regarding our quarter ended September 30, 2022 financial results.

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Source: SEC EDGAR

accession 0001683168-22-007458

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