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 |
| 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 six months ended 30 June 2024, Radnet Inc revenues increased 12% to $891.4M. Net loss decreased 54% to $5.8M. Revenues reflect Imaging Centers segment increase of 9% to $860.9M, Artificial intelligence segment increase from $4.5M to $30.5M. Lower net loss reflects Artificial intelligence segment loss decrease of 60% to $5.9M, Imaging Centers segment income increase of 14% to $52.1M. |
| Employees: | 7,872 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $5,364M as of Jun 30, 2024 |
| Annual revenue (TTM): | $1,714M as of Jun 30, 2024 |
| EBITDA (TTM): | $242.40M as of Jun 30, 2024 |
| Net annual income (TTM): | $9.92M as of Jun 30, 2024 |
| Free cash flow (TTM): | $67.95M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $284.93M as of Jun 30, 2024 |
| Shares outstanding: | 73,957,260 as of Aug 5, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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