RadNet (RDNT) Misses Q1 EPS Views; Boosts FY15 Revenue Outlook

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Go back to RadNet (RDNT) Misses Q1 EPS Views; Boosts FY15 Revenue Outlook

RadNet Reports First Quarter Financial Results and Adjusts Upwards 2015 Guidance Ranges

May 11, 2015 6:00 AM EDT

Despite more severe weather conditions in the east coast this quarter as compared with last year's first quarter, revenue increased 7.3%, from $168.9 million in 2014 to $181.3 in 2015 After adjusting for approximately $5.2 million of weather-related impacts and certain investments to accommodate increased volumes, Adjusted EBITDA(1) was $25.4 million, a decrease of 8.0% from $27.7 million in the first quarter of 2014 Same-center procedural volumes increased 5.5% Net Loss for the quarter was $(0.11) as compared with $(0.03) in the first quarter of 2014 (after Adjusting for the Loss on Early Extinguishment of Senior Notes in the first quarter of 2014) Updated 2015 guidance... More