RadNet Reports First Quarter Financial Results, Including Record Revenue and Adjusted EBITDA(1)
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RadNet (RDNT) Reports In-Line Q1 EPS, Revenues Beat; Affirms FY19 Revenue Outlook
May 9, 2019 6:12 AM EDTRadNet (NASDAQ: RDNT) reported Q1 EPS of ($0.08), in-line with the analyst estimate of ($0.08). Revenue for the quarter came in at $271.5 million versus the consensus estimate of $256.3 million.
Revenue increased 17.4% to $271.5 million in the first quarter of 2019 from $231.4 million in the first quarter of 2018Adjusted EBITDA(1) increased 57.3% to $33.1 million in the first quarter of 2019 from $21.0 million in the first quarter of 2018Diluted loss per share was $(0.08) per share in the first quarter of 2019 as compared with diluted loss per share of $(0.15) from the prior years first quarterAggregate procedural volumes increased 7.6%;... More