RadNet (RDNT) Tops Q4 EPS by 5c, Offers FY Guidance

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Go back to RadNet (RDNT) Tops Q4 EPS by 5c, Offers FY Guidance

RadNet Reports Fourth Quarter Results with Record Revenue and Adjusted EBITDA and Releases 2021 Financial Guidance

March 8, 2021 6:00 AM EST

Despite the ongoing impact of COVID-19, RadNet reports record fourth quarter 2020 Total Net Revenue (Revenue) of $308.5 million and Adjusted EBITDA(1)of $50.7 million; Revenue increased 2.5% and Adjusted EBITDA(1) increased 8.1% as compared with the same quarter in 2019 Improved reimbursement from expanded implementation of 3D mammography and increases in capitation contracts and cash collections drove increased RevenueFocus on cost reductions, center consolidations and operational efficiencies throughout the COVID-19 period resulted in an Adjusted EBITDA(1)... More