RadNet Reports Record Fourth Quarter and Full Year 2019 Results and Releases 2020 Financial Guidance
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RadNet (RDNT) Tops Q4 EPS by 6c, Revenues BEat; Provides FY20 Revenue Guidance
March 12, 2020 6:04 AM EDTRadNet (NASDAQ: RDNT) reported Q4 EPS of $0.21, $0.06 better than the analyst estimate of $0.15. Revenue for the quarter came in at $300.8 million versus the consensus estimate of $294.16 million.
For the fourth quarter of 2019, RadNet reports Total Net Revenue (Revenue) of $300.8 million and Adjusted EBITDA(1) of $46.9 million; Revenue increased 17.0% and Adjusted EBITDA(1) increased 5.5% as compared with the same quarter in 2018For full year 2019, RadNet reports Revenue of $1,154.2 million and Adjusted EBITDA(1)of $164.1 million; Revenue increased 18.4% and Adjusted EBITDA(1) increased 15.8% as compared with full year 2018Net Income Attributable to RadNet, Inc. Common Stockholders(Net... More