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AI brief of an SEC Form 8-K · RadNet (RDNT)

RadNet Q2 revenue rises 13.9% to $459.7 million; raises 2024 revenue and EBITDA guidance

Mixed Impact 4 of 5 earnings Written later

RadNet reported second-quarter 2024 revenue of $459.7 million, up 13.9%, and raised its 2024 guidance for Imaging Center revenue, Adjusted EBITDA and free cash flow. GAAP results were weaker: the company posted a net loss attributable to RadNet of $3.0 million, or $(0.04) per share, compared with net income of $8.4 million, or $0.12 per diluted share, a year earlier.

Key points

  • Total Company Revenue rose 13.9% to $459.7 million in Q2 2024 from $403.7 million in Q2 2023; Adjusted EBITDA rose 19.7% to $72.3 million.
  • GAAP net loss attributable to RadNet was $3.0 million in Q2 2024, versus net income of $8.4 million in Q2 2023; Adjusted Diluted EPS was $0.16 versus $0.10.
  • Imaging Center revised 2024 Total Net Revenue guidance to $1,685-$1,735 million and Adjusted EBITDA guidance to $257-$267 million, both raised from the post-Q1 ranges.
  • Cash balance was $741.7 million at June 30, 2024, after an April 2024 refinancing that funded about $168 million of additional cash.

The filing

CompanyRadNet (RDNT)
Form8-K, current report
Filed with the SECAug 9, 2024, 4:25 PM ET
Accession number0001683168-24-005428

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 09, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.