RadNet Q4 revenue $383.9M (+15.2% YoY); 2023 guidance projects 7-10% revenue growth

RadNet, Inc.

2022-FY EPS reported $0.17 revenue$1,430,061,000

Imaging Center segment revenue $382.5M (+15.1% YoY); Adjusted EBITDA $61.6M (+18.4% YoY).
Q4 net loss $934k ($0.02 loss per share); adjusted EPS $0.11 vs $0.10 YoY.
Aggregate procedural volumes +8.0%; same-center volumes +3.6% vs Q4 2021.
2023 guidance: Imaging Center revenue $1.525-1.575B, Adjusted EBITDA $220-230M.
AI segment revenue expected $16-18M in 2023; AI segment projected profitable in 2024.

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 0.95

RadNet, Inc. reported fourth quarter and full fiscal year ended December 31, 2022 results: revenue $383.9 million, net income Net Loss of $934,000, EPS $(0.02).

Period: fourth quarter and full fiscal year ended December 31, 2022
Revenue: $383.9 million
Net income: Net Loss of $934,000
EPS: $(0.02)
Result: reported results

Exact text from the filing

RadNet Reports Fourth Quarter 2022 Results, Including Record Revenue and Adjusted EBITDA (1) , and Releases 2023 Financial Guidance · Revenue increased 15.2% to a record of $383.9 million in the fourth quarter of 2022 from $333.1 million in the fourth quarter of 2021; Excluding Revenue from the Artificial Intelligence (“AI”) reporting segment, Revenue from the

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Source: SEC EDGAR

accession 0001683168-23-001214

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