RadNet (RDNT) Tops Q4 EPS by 6c, Revenues BEat; Provides FY20 Revenue Guidance
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RadNet Reports Record Fourth Quarter and Full Year 2019 Results and Releases 2020 Financial Guidance
March 12, 2020 6:00 AM EDTFor the fourth quarter of 2019, RadNet reports Total Net Revenue (Revenue) of $300.8 million and Adjusted EBITDA(1)Â of $46.9 million; Revenue increased 17.0% and Adjusted EBITDA(1) increased 5.5% as compared with the same quarter in 2018 For 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)Â increased 15.8% as compared with full year 2018 Net Income Attributable to RadNet, Inc. Common Stockholders(Net Income) for the fourth quarter was $10.4 million, or $0.21 per diluted share; This compares to an Adjusted Net Income of $4.5 million, or $0.09 per diluted share, in the fourth quarter of 2018,... More
