RadNet (RDNT) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 Revenues Guidance Above Consensus

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Go back to RadNet (RDNT) Tops Q1 EPS by 7c, Revenues Beat; Raises FY21 Revenues Guidance Above Consensus

RadNet Reports First Quarter Financial Results, Including Record First Quarter Revenue, Adjusted EBITDA(1) and Net Income, and Revises Upwards 2021 Financial Guidance Ranges

May 10, 2021 6:00 AM EDT

Revenue increased 12.0% to $315.3 million in the first quarter of 2021 from $281.6 million in the first quarter of 2020Adjusted EBITDA(1) increased 123.4% to $45.5 million in the first quarter of 2021 from $20.4 million in the first quarter of 2020; Adjusting for $6.2 million of grants received under the CARES Act Provider Relief Fund during the quarter, Adjusted EBITDA(1) was $39.3 million during the first quarter of 2021 (an increase of 92.8% from the first quarter of 2020)Diluted Net Income per share was $0.18 in the... More