RadNet Q1 revenue $431.7M (+10.5% YoY); adjusted EBITDA $58.5M (+21.4%); raises 2024 guidance

RadNet, Inc.

2024-Q1 EPS reported -$0.04 revenue$431,707,000

Q1 net loss $(0.04)/share vs $(0.36) last year; adjusted EPS $0.07 vs $(0.22).
Digital Health revenue $14.7M (+32.3% YoY); AI revenue $4.7M (+118.8%).
FY2024 guidance raised: Imaging Center revenue $1.675-1.725B, Adjusted EBITDA $255-265M.
Aggregate procedural volumes +5.7% YoY; MRI +11.7%, CT +9.1%, PET/CT +17.5%.
Acquired Houston Medical Imaging (Apr 1); cash balance $527M; net debt/EBITDA ~1.0x.

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. updated its first quarter ended March 31, 2024 guidance (raised).

Period: first quarter ended March 31, 2024
Guidance: raised
Result: reported results

Exact text from the filing

On May 8, 2024 RadNet, Inc. (“RadNet”) issued a press release and, on May 9, 2024, held a conference call regarding its 2024 financial results for the first quarter ended March 31, 2024.

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Source: SEC EDGAR

accession 0001683168-24-003246

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