RadNet (RDNT) Misses Q1 EPS by 16c, Revenues Miss

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Go back to RadNet (RDNT) Misses Q1 EPS by 16c, Revenues Miss

RadNet Reports First Quarter Financial Results and Announces Strong Liquidity Position as a Result of Completing Cost Savings and Cash Conservation Measures

May 11, 2020 6:00 AM EDT

Liquidity and Business Update:

RadNet has completed extensive cost savings and cash conservation measures, which resulted in, as of April 30, a cash balance of approximately $50 million and being undrawn on its $137.5 million revolverRadNet believes it will have little to no cash burn through the end of the second quarter and could remain undrawn on its revolving credit facility at year end 2020RadNet announces it received almost $15 million in April from the first... More