Radnet Stock Price, News & Analysis

RadNet reported an 8.4% increase in revenue to $341.8 million for Q1 2022 compared to Q1 2021. Excluding AI revenue, the Imaging Center segment saw an 8.2% rise to $341.2 million. Adjusted EBITDA for Imaging Centers increased 4.1% to $41.7 million. However, net income dropped to $3.0 million from $9.5 million, and diluted EPS fell to $0.05. Despite a projected loss from new AI investments, RadNet has revised its 2022 revenue guidance upward to between $1.36 billion and $1.41 billion.

RadNet (NASDAQ: RDNT) announced that Mark Stolper, Executive Vice President and Chief Financial Officer, will present at the Bank of America Securities 2022 Health Care Conference. The event is scheduled for May 11, 2022, at 10:00 a.m. Pacific Time, held at the Encore Hotel in Las Vegas, NV. The presentation will also be available via simultaneous and archived webcasts. RadNet is recognized as a national leader in diagnostic imaging services, operating 347 outpatient imaging centers across several states, employing approximately 9,000 individuals.

RadNet, Inc. (NASDAQ: RDNT) will host a conference call on May 9, 2022, at 7:30 a.m. PT to discuss its Q1 2022 financial results. Investors can participate by calling 888-204-4368 (U.S.) or 929-477-0402 (international). The company operates a network of 347 outpatient imaging centers across several states, including California and New York, employing approximately 9,000 individuals. RadNet is a leader in the U.S. diagnostic imaging market, focusing on high-quality, cost-effective services.

RadNet, a leader in diagnostic imaging services, announced that CFO Mark Stolper will speak at the Sidoti & Company Spring 2022 Conference on March 24, 2022, at 01:00 p.m. ET. The event will include a live and archived webcast, accessible via RadNet's website and the conference link provided. RadNet operates 347 imaging centers across various U.S. states and employs around 9,000 individuals. The company specializes in high-quality, cost-effective imaging solutions, with a focus on technology integration, including artificial intelligence.

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.