Radnet Stock Price, News & Analysis

RadNet, Inc. (NASDAQ: RDNT) reported a revenue increase of 8.0% in Q4 2021, totaling $333.2 million, despite facing challenges from the Omicron COVID-19 surge, which impacted revenue by over $4 million. Adjusted EBITDA rose 7.5% to $54.5 million. Adjusted EPS was $0.13, down from $0.20 in Q4 2020, primarily due to increased expenses. The company ended 2021 with a cash balance of $134.6 million and a Net Leverage Ratio of 2.9x. For 2022, RadNet anticipates growth in revenue and adjusted EBITDA, despite potential losses from its AI ventures.

RadNet, Inc. (NASDAQ: RDNT) will host a conference call on March 1, 2022, at 7:30 a.m. PT to discuss its fourth-quarter 2021 financial results. Investors can participate by dialing 888-254-3590 for the U.S. or 929-477-0402 for international calls. An archived webcast will also be available. RadNet operates a network of 350 outpatient imaging centers across multiple states, making it a leading provider of diagnostic imaging services in the U.S., with approximately 9,000 employees and significant annual imaging revenue.

RadNet, Inc. (NASDAQ: RDNT) has acquired two Dutch AI companies, Aidence and Quantib, enhancing its cancer screening capabilities. Aidence specializes in lung cancer detection and has products pending FDA approval, while Quantib offers solutions for prostate and brain MRI with existing FDA clearances. These acquisitions aim to bolster RadNet's AI division, focusing on comprehensive cancer screening for breast, prostate, and lung cancers. Dr. Gregory Sorensen will oversee AI initiatives, aiming to leverage RadNet's extensive imaging database for improved patient outcomes.

eRAD, a RadNet subsidiary, announced the successful deployment of its comprehensive radiology solutions at Advanced Imaging Concepts (AIC) in Florida. This integration includes eRAD RIS, PACS, Speech Recognition, and more, aimed at enhancing workflows and increasing efficiencies. AIC reported significant improvements in scheduling and check-in processes, empowering staff to handle more procedures without additional hires. The eRAD team ensured seamless implementation, providing extensive training. AIC's management expressed satisfaction with the partnership, highlighting the effectiveness of customized workflows.

RadNet, a leader in diagnostic imaging, announced that Mark Stolper, CFO, will present at the Jefferies 2021 London Healthcare Conference from November 16-19, 2021. The presentation will be available on-demand starting at 8:00 a.m. GMT (12 AM Pacific) on November 18, 2021. RadNet operates a network of 350 outpatient imaging centers across several states, employing approximately 8,300 staff members. The event can be accessed via webcast and will be archived for 30 days afterwards.

RadNet, a leader in outpatient diagnostic imaging, reported a 14.0% increase in revenue, totaling $332.7 million for Q3 2021, compared to Q3 2020. Adjusted EBITDA rose 36.0% to $62.3 million, reflecting strong operational performance despite challenges from hurricanes and COVID-19. Adjusted earnings per share improved to $0.21, up from $0.15 year-over-year. The company decreased its Net Leverage Ratio to 2.85x, the lowest in its history, prompting an increased guidance for 2021 on both Adjusted EBITDA and Free Cash Flow.

RadNet, Inc. (NASDAQ: RDNT) will host a conference call on November 8, 2021, at 7:30 a.m. PT to discuss its Q3 2021 financial results. Investors can listen by calling 888-394-8218 or 646-828-8193 for international access. A web broadcast will also be available. RadNet, a leading provider of diagnostic imaging services, operates 353 outpatient centers across various states including California and New York, employing approximately 8,300 personnel. For more details, visit RadNet's website.

RadNet, a leader in diagnostic imaging services, will have Mark Stolper, CFO, present at the 2021 LD Micro Main Event Conference on October 12, 2021, at 5:00 p.m. PT in Los Angeles. The event will also feature a pre-recorded presentation available on the Sequire Virtual Event Website. RadNet operates 353 outpatient imaging centers across several states including California and New York, employing around 8,300 staff. For additional information, visit RadNet's website.

RadNet, a leader in diagnostic imaging services, will have its CFO, Mark Stolper, present at the Sidoti & Company Fall 2021 Conference on September 23, 2021, at 4:00 p.m. Eastern Time. The event will feature a simultaneous webcast, providing accessibility for investors and stakeholders.

RadNet operates 353 outpatient imaging centers across the U.S., employing approximately 8,300 staff. For further details, the presentation can be accessed via this link or through their official website.