RadNet (RDNT) Reports Q4 EPS of $0.02

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Go back to RadNet (RDNT) Reports Q4 EPS of $0.02

RadNet Reports Fourth Quarter and Full Year 2015 Results and Releases 2016 Financial Guidance

March 14, 2016 6:00 AM EDT

For the fourth quarter, RadNet reports Total Net Revenue (Revenue) of $215.7 million and Adjusted EBITDA(1)of $32.6 million, increases of 16.3% and 1.9%, respectively, over the prior years fourth quarterIntegration expenses related to recently acquired Diagnostic Imaging Group and New York Radiology Partners and costs resulting from the migration to a new billing system negatively impacted EBITDA(1) in the quarter by an estimated $4.0 million.Net Income Attributable to RadNet, Inc. Common Stockholders (Net Income) for the fourth quarter was $881,000 (or $0.02 per diluted share), compared to Net Income of $4.2 million (or $0.10 per share) in the fourth... More