RDNT Q1 2023 Earnings — RadNet, Inc. Revenue & Financial Results | Market Cap Arena

RDNTRadNet, Inc.

$5B

Q1 2023 Earnings

Healthcare Medical - Diagnostics & Research

Income Statement

Revenue

$391M+14.3% YoY

Gross Profit

$39M9.9% margin

Operating Income

$7M1.7% margin

Net Income

-$21M-5.4% margin

EPS (Diluted)

$-0.25

QoQ Revenue Growth

+1.7%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

-$23M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$2.4B

Total Liabilities

$1.9B

Stockholders' Equity

$328M

Cash & Equivalents

$91M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$391M	$342M	+14.3%
Gross Profit	$39M	$27M	+44.8%
Operating Income	$7M	-$2M	+488.1%
Net Income	-$21M	$3M	-797.1%

Revenue Segments

Commercial Insurance1

$217M56%

Medicare1

$87M22%

Capitation Arrangements

$38M10%

Workers' Compensation/Personal Injury1

$13M3%

Medicaid1

$10M3%

Health Care, Patient Service Other

$10M3%

Health Care, Other

$5M1%

Teleradiology and Software

$4M1%

Health Care, Management Service

$4M1%