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Sep 30, 2021
Radnet Q3 2021 Earnings Report
RadNet reported financial results for the third quarter of 2021.
Key Takeaways
RadNet reported a revenue of $332.7 million and an adjusted EBITDA of $62.3 million for the third quarter of 2021. Adjusted diluted net income attributable to RadNet, Inc. common stockholders for the third quarter of 2021 was $11.2 million, or $0.21 per diluted share.
Revenue increased $40.9 million (or 14.0%) from the third quarter of 2020.
Adjusted EBITDA increased $16.5 million (or 36.0%) from the third quarter of 2020.
Adjusted EBITDA, adjusted to remove a one-time $7.7 million benefit from the forgiveness of deferred federal payroll taxes, was $54.6 million, an increase of 19.2% from the third quarter of 2020.
Net Income for the third quarter of 2021 was $16.2 million, or $0.30 per diluted share, compared to Net Income of $6.2 million, or $0.12 per diluted share, in the third quarter of 2020.
Forward Guidance
RadNet amends its previously announced guidance levels as follows and increased guidance levels for Adjusted EBITDA and Free Cash Flow and raised Capital Expenditure guidance range.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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