Radnet Q2 2024 Earnings Report
Key Takeaways
RadNet reported a strong second quarter in 2024, with record revenue of $459.7 million, a 13.9% increase compared to the previous year. The Digital Health segment also saw significant growth, with revenue increasing by 36.4%. Due to these positive trends, the company has revised its 2024 guidance upwards for Revenue, Adjusted EBITDA, and Free Cash Flow.
Total Company Revenue grew by 13.9% compared to the second quarter of last year, reaching a record $459.7 million.
Digital Health segment Revenue increased by 36.4% year-over-year, totaling $15.8 million.
AI businesses revenue within Digital Health increased by 136.6% compared to last year’s second quarter, driven by the success of the EBCD program.
RadNet had 37.4% of its centers held in partnership with leading health systems.
Radnet
Radnet
Forward Guidance
RadNet has increased its 2024 guidance ranges for Revenue, Adjusted EBITDA, and Free Cash Flow.