RadNet Q4 revenue record $420.4M (+9.5%), Adj. EBITDA $65.8M (+15%); guides 2024 higher

RadNet, Inc.

Q4 revenue $420.4M (+9.5% YoY); Imaging Center revenue $415.3M (+8.6%); total Adj. EBITDA $65.8M (+15%)
Adjusted EPS $0.20 vs $0.11 in Q4 2022; GAAP net loss $1.9M ($0.03 per share)
AI revenue $5.1M (+278% YoY); announces new Digital Health segment combining eRAD informatics with AI
Signed definitive agreement to acquire seven imaging centers in Houston, entering new market
2024 guidance: Imaging Center revenue $1.65-1.7B, Adj. EBITDA $250-260M; Digital Health revenue $60-70M, AI Adj. EBITDA breakeven by YE

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 fourth quarter and full year ended December 31, 2023 results: revenue $420.4 million, EPS $0.20. Guidance raised.

Period: fourth quarter and full year ended December 31, 2023
Revenue: $420.4 million
EPS: $0.20
Guidance: raised
Result: reported results

Exact text from the filing

RadNet Reports Fourth Quarter 2023 Results, Including Record Revenue and Adjusted EBITDA (1) , Releases 2024 Financial Guidance and Forms a New Digital Health Reporting Segment · Revenue increased 9.5% to a record $420.4 million in the fourth quarter of 2023 from $383.9 million in the fourth quarter of 2022

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RadNet, Inc. filing history →

Source: SEC EDGAR

accession 0001683168-24-001310

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