RadNet Reports Second Quarter Financial Results
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RadNet (RDNT) Tops Q2 EPS by 23c, Revenues In-Line
August 10, 2020 6:03 AM EDTRadNet (NASDAQ: RDNT) reported Q2 EPS of ($0.21), $0.23 better than the analyst estimate of ($0.44). Revenue for the quarter came in at $190.57 million versus the consensus estimate of $190.57 million.
As a result of taking immediate expense and cash savings measures to react to the impact of COVID-19 on patient volume, RadNet finished the quarter with a cash balance exceeding $84 million and was undrawn on its $137.5 million revolving line of creditRadNet has re-opened 77 of the 102 facilities temporarily closed because of COVID-19Procedural volumes have returned to approximately 90% of pre-COVID-19 per... More