earnings
confidence high
sentiment positive
materiality 0.80
RadNet reports record Q3 revenue $461.1M (+14.7%), raises 2024 guidance
RadNet, Inc.
2024-Q3 EPS reported
-$0.04
revenue$1,352,563,000
- Revenue $461.1M (+14.7% YoY); Adj. EBITDA $73.7M (+27.2%); adjusted EPS $0.18 vs $0.13.
- Digital Health revenue $16.4M (+34.3%), AI revenue $5.1M (+75.8%).
- Same-center procedural volumes +5.5%; MRI +9.9%, CT +9.8%, PET/CT +16.8%.
- Raised 2024 guidance: Imaging Center revenue $1.71-1.76B, Adj. EBITDA $262-270M, FCF $83-93M.
- Cash $748.9M; Net Debt/Adj. EBITDA <1.0x; DeepHealth OS commercial launch Dec 1 at RSNA.