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Sep 30, 2020
Radnet Q3 2020 Earnings Report
RadNet demonstrated a strong recovery from the COVID-19 impact.
Key Takeaways
RadNet reported a strong recovery in Q3 2020, with revenue increasing by 53.1% compared to Q2 2020 and a net income of $6.2 million. The company focused on controlling costs and saw significant improvements in procedural volumes and operating margins.
Revenue increased 53.1% compared to the second quarter of 2020.
Aggregate procedural volumes increased 66.2% compared to the second quarter of 2020.
Adjusted EBITDA increased 102.8% from the second quarter of 2020.
Net Income Per Share for the third quarter of 2020 was $0.12.
Forward Guidance
RadNet expects increasing procedural volumes as the country continues to recover from COVID-19.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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