RadNet, Inc. (NASDAQ:RDNT) Q3 2019 Earnings Conference Call November 12, 2019 10:30 AM ET Company Participants Mark Stolper - Executive Vice President & Chief Financial Officer Howard Berger - President & Chief Executive Officer Conference Call Participants Brian Tanquilut - Jefferies John Ransom - Raymond James Mitra Ramgopal - Sidoti Operator Good day and welcome to the RadNet Inc. Third Quarter 2019 Financial Results Call. Today's conference is being recorded. At this time, I would like to turn the confe ...

RadNet, Inc. (NASDAQ:RDNT) Q2 2019 Earnings Conference Call August 8, 2019 10:30 AM ET Company Participants Mark Stolper - Executive Vice President & Chief Financial Officer Howard Berger - President & Chief Executive Officer Conference Call Participants Brian Tanquilut - Jefferies Mitra Ramgopal - Sidoti John Ransom - Raymond James Operator Good day and welcome to the RadNet, Inc. Second Quarter 2019 Financial Results Conference Call. Today's call is being recorded. At this time, I'd like to turn the call ...

Financial Data and Key Metrics Changes - Revenue for Q1 2019 was $271.5 million, an increase of 17.4% compared to the same quarter last year, while adjusted EBITDA rose by 57.3% to $33.1 million [25][8]. - Net loss for Q1 2019 was $3.7 million, or negative $0.08 per share, compared to a net loss of $7.3 million, or negative $0.15 per share, in Q1 2018 [29][30]. - Days sales outstanding (DSO) improved to 47.6 days, a decrease of approximately three days from year-end 2018 [40]. Business Line Data and Key Metrics Changes - MRI volume increased by 7.3%, CT volume by 10.4%, and PET/CT volume by 7.2% compared to the prior year's first quarter [27]. - Total procedures performed in Q1 2019 reached 1,920,777, with routine imaging exams comprising 75.3% of the total volume [28]. Market Data and Key Metrics Changes - The company benefited from favorable weather conditions, which significantly impacted performance, especially in the Northeast and Mid-Atlantic regions [9][8]. - The integration of the New Jersey Imaging Network joint venture and the acquisition of Medical Arts Radiology contributed positively to the overall performance [12][13]. Company Strategy and Development Direction - The company aims to increase the percentage of centers in joint ventures from 25% to 50% over the next several years, focusing on operational improvements and infrastructure investments [50]. - There is a strong emphasis on utilizing artificial intelligence to enhance operational efficiency and improve diagnostic accuracy [51][60]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the continued migration of outpatient services from hospitals to lower-cost imaging centers, which is expected to drive growth [48]. - The company is optimistic about future performance, with several initiatives expected to contribute positively throughout the year [80]. Other Important Information - The company adopted lease standard ASC 842, resulting in a lease liability of $455.5 million and a right-of-use asset of $412.7 million [36][37]. - The financing raised an incremental term loan of $100 million, providing more financial flexibility for future acquisitions and joint ventures [34][35]. Q&A Session Summary Question: How does RadNet see its role in the AI space and monetizing its data? - Management highlighted the potential of AI to improve radiologist performance and the company's interest in monetizing its extensive data set through partnerships with AI developers [58][66]. Question: Is there an opportunity for RadNet to partner with retailers for imaging services? - Management confirmed that the investment in portable imaging technology could facilitate partnerships with pharmacies and urgent care centers, enhancing access to imaging services [72][74]. Question: Why maintain guidance despite strong Q1 results? - Management stated that guidance is maintained out of a cautious approach, with no anticipated slowdown in business, and several initiatives expected to contribute positively in the coming quarters [77][80]. Question: What is the status of joint ventures and capitation opportunities? - Management indicated ongoing discussions with potential partners for joint ventures and capitation contracts, with progress being made in integrating existing contracts [92][96]. Question: Are there concerns about potential M&A activity in the industry? - Management noted increased interest in the imaging sector but emphasized that RadNet's market concentration and operational efficiency position it well against competitors [105][106].

RadNet, Inc. (NASDAQ:RDNT) Q4 2018 Earnings Conference Call March 14, 2019 10:30 AM ET Company Participants Mark Stolper - EVP & CFO Howard Berger - Chairman, President, CEO & Treasurer Conference Call Participants Brian Tanquilut - Jefferies Mitra Ramgopal - Sidoti & Company Operator Good day, and welcome to the RadNet, Inc. Fourth Quarter 2018 Earnings Call. Today's conference is being recorded. At this time, I'd like to turn the conference over to Mr. Mark Stolper, Executive Vice President and Chief Fina ...