RadNet Reports Fourth Quarter 2024 Results, Including Record Revenue and Adjusted EBITDA(1) and Releases 2025 Financial Guidance

Core Insights - RadNet, Inc. reported strong financial performance for Q4 and full-year 2024, with revenue increasing by 13.5% to $477.1 million and Adjusted EBITDA rising by 14.0$75.0 million compared to Q4 2023 [2][4][5] - The company experienced an 8.0% growth in aggregate procedural volumes and a 4.0% increase in same-center procedural volumes during Q4 2024 [4][9] - Digital Health revenue reached $18.9 million in Q4 2024, marking a 28.1$1,829.7 million, a 13.2% increase from 2023, and Adjusted EBITDA of $279.5 million, up 20.3$740 million, significantly up from $342 million at the end of 2023, and the net debt to Adjusted EBITDA ratio improved to below 1.0x from approximately 2.0x [3][4] Digital Health Division - The Digital Health segment generated$65.7 million in revenue for the full year 2024, a 32.5% increase, with Adjusted EBITDA rising by 124.0% to $14.6 million [11] - New solutions such as DeepHealth OS and SmartMammo were launched in Q4 2024, aimed at enhancing operational efficiencies and addressing labor shortages [2][24] Operational Expansion - RadNet opened nine new imaging centers in 2024, increasing the total number of locations to 398, with joint venture facilities now representing 38.4$1,825 to $1,875 million and Adjusted EBITDA between$265 to $273 million [19] - The company expects to face challenges due to severe weather conditions and other unforeseen events impacting healthcare service utilization, estimating a loss of$22 million in revenue and $15 million in Adjusted EBITDA for Q1 2025 [18][24]