RadNet Q3 revenue up 14.8% to $402M; raises 2023 Adj. EBITDA guidance to $235M-$245M

RadNet, Inc.

2023-Q3 EPS reported $0.08 revenue$1,196,247,000

Revenue $402M (+14.8% YoY); Imaging-Center segment revenue $399.1M (+14.3%); procedural volumes +8.6% aggregate, +4.2% same-center.
Imaging-Center Adj. EBITDA $60.4M (+20.3%); overall Adj. EBITDA (incl. AI) $57.9M, up 26.5%.
Diluted GAAP EPS $0.25 vs $0.01; adjusted diluted EPS $0.14 vs $0.09.
AI segment revenue +220.8% YoY and +21.4% sequentially; management targets AI break-even by end of 2024.
Raised 2023 Adj. EBITDA guidance range to $235M-$245M (from $232M-$242M); expanded Cedars-Sinai partnership with new and expanded JVs.

item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

RadNet, Inc. reported third quarter ended September 30, 2023 results: revenue $402.0 million, net income $17.5 million, EPS $0.25. Guidance raised.

Period: third quarter ended September 30, 2023
Revenue: $402.0 million
Net income: $17.5 million
EPS: $0.25
Guidance: raised
Result: reported results

Exact text from the filing

RadNet Reports Third Quarter Financial Results and Revises Upwards 2023 Financial Guidance Range for Adjusted EBITDA (1) · Consolidated Revenue increased 14.8% to $402.0 million in the third quarter of 2023 from $350.0 million in the third quarter of 2022;

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Source: SEC EDGAR

accession 0001683168-23-007874

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