earnings
confidence high
sentiment positive
materiality 0.80
RadNet Q2 revenue $459.7M (+13.9% YoY), adj. EBITDA $72.3M (+19.7%), raises FY2024 guidance
RadNet, Inc.
2024-Q2 EPS reported
-$0.08
revenue$891,421,000
- Adjusted diluted EPS $0.16 vs $0.10 YoY; GAAP net loss $3.0M due to $8.8M debt refinancing costs.
- Digital Health revenue $15.8M (+36.4%); AI revenue $5.6M (+136.6%).
- Same-center procedural volume +6.1%; MRI +11.7%, CT +9.9%, PET/CT +13.7%.
- Imaging Center revenue guidance raised to $1,685-$1,735M; adj. EBITDA to $257-$267M; FCF to $72-$80M.
- Completed refinancing adding ~$168M cash; cash balance $741.7M; Net Debt/Adj. EBITDA 1.1x.