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RadNet(RDNT) - 2024 Q2 - Quarterly Results
2024-08-09 20:25
Exhibit 99.1 1 FOR IMMEDIATE RELEASE RadNet Reports Second Quarter Financial Results with Record Quarterly Revenue and Adjusted EBITDA and Revises Upwards 2024 Financial Guidance Ranges · Total Company Revenue increased 13.9% to $459.7 million in the second quarter of 2024 from $403.7 million in the second quarter of 2023; Revenue from the Digital Health reportable segment (inclusive of intersegment revenue) increased 36.4% to $15.8 million in the second quarter of 2024 from $11.6 million in the second quar ...
RadNet(RDNT) - 2024 Q2 - Quarterly Report
2024-08-09 20:05
Table of Contents Large accelerated filer ☒ Accelerated filer ☐ Nonaccelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File ...
RadNet(RDNT) - 2024 Q2 - Earnings Call Transcript
2024-08-08 23:45
RadNet, Inc. (NASDAQ:RDNT) Q2 2024 Results Conference Call August 8, 2024 10:30 AM ET Company Participants Mark Stolper - Executive Vice President and Chief Financial Officer Howard Berger - President and Chief Executive Officer Conference Call Participants Brian Tanquilut - Jefferies David MacDonald - Truist Securities John Ransom - Raymond James Andrew Mok - Barclays Bank Lawrence Solow - CJS Securities Brandon Carney - B. Riley Securities Operator Good morning, and welcome to the RadNet, Inc. Second Qua ...
RadNet (RDNT) Reports Q2 Earnings: What Key Metrics Have to Say
ZACKS· 2024-08-08 03:31
For the quarter ended June 2024, RadNet (RDNT) reported revenue of $459.71 million, up 13.9% over the same period last year. EPS came in at $0.16, compared to $0.24 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $437.32 million, representing a surprise of +5.12%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.16. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expecta ...
RadNet (RDNT) Q2 Earnings Match Estimates
ZACKS· 2024-08-08 01:06
RadNet (RDNT) came out with quarterly earnings of $0.16 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this operator of medical diagnostic imaging centers would post a loss of $0.09 per share when it actually produced earnings of $0.07, delivering a surprise of 177.78%. Over the last four quarters, the company has surpassed consensus EPS estimates three time ...
RadNet Reports Second Quarter Financial Results with Record Quarterly Revenue and Adjusted EBITDA(1) and Revises Upwards 2024 Financial Guidance Ranges
Newsfilter· 2024-08-07 20:10
Total Company Revenue increased 13.9% to $459.7 million in the second quarter of 2024 from $403.7 million in the second quarter of 2023; Revenue from the Digital Health reportable segment (inclusive of intersegment revenue) increased 36.4% to $15.8 million in the second quarter of 2024 from $11.6 million in the second quarter of 2023 Digital Health Revenue growth resulted in part from a $3.2 million (or 136.6%) increase in AI Revenue, which climbed to $5.6 million during the second quarter of 2024 from $2.4 ...
Can RadNet's (RDNT) Service Fee Revenues Help Lift Q2 Earnings?
ZACKS· 2024-07-29 13:25
RadNet, Inc. (RDNT) is set to release results for the second quarter of 2024 on Aug 8 before the opening bell. For the second quarter of 2024, the Zacks Consensus Estimate for RadNet's revenues is pegged at $437.3 million, an increase of 8.3% from the year-ago reported figure. Estimates for RadNet's Q2 earnings have remained unchanged at 16 cents per share in the past 30 days. On the first-quarter earnings call, management stated that the segment's revenues were boosted by improved reimbursements from comme ...
RadNet, Inc. Announces Date of its Second Quarter 2024 Financial Results Conference Call
Newsfilter· 2024-07-16 10:00
Investors are invited to listen to RadNet's conference call by dialing 844-826-3035. International callers can dial 412-317-5195. There will also be simultaneous and archived webcasts available at https://viavid.webcasts.com/starthere.jsp?ei=1680804&tp_key=197206db18. An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 10191154. CONTACTS: LOS ANGELES, July 16, 2024 (GLOBE NEWSWIRE) ...
RadNet, Inc. Announces Date of its Second Quarter 2024 Financial Results Conference Call
GlobeNewswire News Room· 2024-07-16 10:00
Investors are invited to listen to RadNet's conference call by dialing 844-826-3035. International callers can dial 412-317-5195. There will also be simultaneous and archived webcasts available at https://viavid.webcasts.com/starthere.jsp?ei=1680804&tp_key=197206db18. An archived replay of the call will also be available and can be accessed by dialing 844-512-2921 from the U.S., or 412-317-6671 for international callers, and using the passcode 10191154. About RadNet, Inc. RadNet, Inc., is the leading nation ...
Maryland Passes Legislation Supported by RadNet to Expand Access to Breast and Lung Screening
Newsfilter· 2024-06-20 10:00
HB 1259 expands breast and lung cancer screening coverage. Since January 1, 2024, Maryland-regulated insurers have been prohibited from imposing a copayment, coinsurance, or deductible on coverage for diagnostic mammograms, breast ultrasound, or breast Magnetic Resonance Imaging (MRI) for the detection and diagnosis of breast cancer. This has made imaging more accessible and affordable to patients in Maryland. The new bill now expands that legislation to include image-guided breast biopsy. Additionally, und ...