RDNT Q1 2024 Earnings — RadNet, Inc. Revenue & Financial Results | Market Cap Arena

RDNTRadNet, Inc.

$5B

Q1 2024 Earnings

Healthcare Medical - Diagnostics & Research

Income Statement

Revenue

$432M+10.5% YoY

Gross Profit

$44M10.2% margin

Operating Income

$11M2.6% margin

Net Income

-$3M-0.6% margin

EPS (Diluted)

$-0.04

QoQ Revenue Growth

+2.7%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

-$40M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$3.0B

Total Liabilities

$1.9B

Stockholders' Equity

$873M

Cash & Equivalents

$527M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$432M	$391M	+10.5%
Gross Profit	$44M	$39M	+14.0%
Operating Income	$11M	$7M	+70.0%
Net Income	-$3M	-$21M	+86.8%

Revenue Segments

Service

$432M51%

Commercial Insurance1

$241M28%

Medicare1

$94M11%

Capitation Arrangements

$35M4%

Workers' Compensation/Personal Injury1

$12M1%

Health Care, Patient Service Other

$11M1%

Medicaid1

$11M1%

Health Care, Management Service

$6M1%

Health Care, Other

$4M1%