Radnet Inc (OQ:RDNT)

Business Focus: Medical & Diagnostic Laboratories

Sector:  Healthcare Industry:  Healthcare Facilities & Services
 
See Regulatory Filings on SEC
Company Contact
Address: 1510 Cotner Ave
LOS ANGELES CA 90025
Tel: N/A
Website: https://www.radnet.com
IR: See website
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Key People
Howard G. Berger
Chairman of the Board, President, Chief Executive Officer
Christine N. Gordon
Senior Vice President - Operations, Northern California, Director
Mark D. Stolper
Chief Financial Officer, Executive Vice President
Stephen M. Forthuber
President, Chief Operating Officer- Eastern Operations
Norman R. Hames
President, Chief Operating Officer - Western Operations
Kees Wesdorp
President and Chief Executive Officer - Digital Health Segment
Mital Patel
Executive Vice President - Financial Planning and Analysis, Chief Administrative Officer
Ranjan Jayanathan
Executive Vice President, Chief Information Officer
David Jeffrey Katz
Executive Vice President, Chief Legal Officer, Corporate Secretary
Michael M. Murdock
Executive Vice President - Mergers and Acquisitions
   
Business Overview
RadNet, Inc. is a national provider of fixed-site diagnostic imaging services and related information technology solutions (including artificial intelligence) in the United States. It has a network of 366 owned and/or operated outpatient imaging centers. The Company's Imaging Center segment provides physicians with imaging capabilities to facilitate the diagnosis and treatment of diseases and disorders. Its services include magnetic resonance imaging (MRI), computed tomography (CT), positron emission tomography (PET), nuclear medicine, mammography, ultrasound, diagnostic radiology (X-ray), fluoroscopy and other related procedures. The Company's Artificial Intelligence (AI) segment develops and deploys clinical applications to enhance interpretation of medical images and improve patient outcomes with an emphasis on brain, breast, prostate and pulmonary diagnostics. The Company, through its joint ventured Arizona Diagnostic Radiology Group, LLC, owns seven outpatient imaging centers.
Financial Overview
For the nine months ended 30 September 2024, Radnet Inc revenues increased 13% to $1.35B. Net loss totaled $2.6M vs. income of $4.9M. Revenues reflect Imaging Centers segment increase of 10% to $1.31B, Artificial intelligence segment increase from $7.4M to $46.9M. Net loss reflects Imaging Centers segment income decrease of 1% to $89.6M. Basic Earnings per Share excluding Extraordinary Items decreased from $0.03 to -$0.04.
Employees: 7,872 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $5,256M as of Sep 30, 2024
Annual revenue (TTM): $1,773M as of Sep 30, 2024
EBITDA (TTM): $302.64M as of Sep 30, 2024
Net annual income (TTM): -$4.41M as of Sep 30, 2024
Free cash flow (TTM): $94.19M as of Sep 30, 2024
Net Debt Last Fiscal Year: $270.73M as of Sep 30, 2024
Shares outstanding: 74,026,737 as of Nov 8, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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