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Jun 30, 2021
Radnet Q2 2021 Earnings Report
RadNet reported record revenue and adjusted EBITDA for Q2 2021, driven by recovering procedural volumes and cost-containment measures.
Key Takeaways
RadNet, Inc. reported a strong financial performance for the second quarter of 2021, achieving record revenue of $333.9 million and adjusted EBITDA of $56.6 million. The company saw significant increases in MRI, CT, and PET/CT volumes, as well as overall volume, compared to the same period in 2020. RadNet also revised its 2021 guidance upwards, reflecting confidence in its business trends and financial performance.
RadNet set all-time quarterly records for Revenue and Adjusted EBITDA.
Revenue increased by 75.2% and Adjusted EBITDA increased by 150.7% compared to Q2 2020.
Adjusted diluted net income was $0.27 per share, compared to an adjusted net loss of $(0.14) per share in Q2 2020.
The company is deploying its DeepHealth AI mammography triage software nationwide.
Forward Guidance
RadNet has increased guidance ranges for Revenue, Adjusted EBITDA and Free Cash Flow, and raised Capital Expenditures level to reflect additional investments in growth opportunities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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