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Jun 30, 2024
Radnet Q2 2024 Earnings Report
RadNet reported record quarterly revenue and adjusted EBITDA, and revised upwards 2024 financial guidance ranges.
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.
Revenue by Segment
Forward Guidance
RadNet has increased its 2024 guidance ranges for Revenue, Adjusted EBITDA, and Free Cash Flow.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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