NASDAQ$RDNT
Radnet Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
RadNet reported record revenue and Adjusted EBITDA from imaging center operations and revised upwards 2022 financial guidance ranges.
RadNet reported an 8.4% increase in revenue to $341.8 million for Q1 2022, driven by an 8.2% increase in revenue from the Imaging Center reporting segment to $341.2 million. Net income decreased to $3.0 million from $9.5 million in the same quarter last year. The company has revised upwards its 2022 guidance ranges for Revenue and Adjusted EBITDA.
- RadNet reported the highest first quarter Revenue and Adjusted EBITDA from imaging center operations in the company's history.
- Revenue increased 8.2% and Adjusted EBITDA increased 4.1% from last year’s first quarter, after excluding the AI reporting segment and adjusting for CARES Act Provider Relief Funds received in last year’s first quarter.
- The company completed the acquisitions of two AI companies, Aidence Holding B.V. and Quantib B.V., and combined them with RadNet’s existing DeepHealth, Inc.
- RadNet has increased 2022 guidance ranges for Revenue and Adjusted EBITDA.
Headline financials
Revenue & EPS history
Radnet · Revenue · Quarterly
$342M
Forward guidance
RadNet has increased its guidance ranges for Revenue and Adjusted EBITDA to reflect the first quarter’s strong financial results as compared with its original budget.
Tailwinds
- Opportunities to expand operations in all markets organically
- Opportunities to expand operations through new acquisitions
- Opportunities to expand operations through joint ventures
Headwinds
- Vigilance about the economic environment
- Vigilance about supply chain disruptions
- Vigilance about inflation
- Vigilance about the possibility of further variants of COVID-19
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+4.9%
Avg return
30 days after
51%
33 / 65 earnings
Positive
+22.5%
Q4 2020
Best reaction
-17.3%
Q1 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -4.1% | -10.1% | — | |
| Q4 2025 | +7.7% | -13.1% | -20.8% | |
| Q3 2025 | +3.4% | -4.0% | -1.5% | |
| Q1 2025 | +2.5% | +9.7% | +6.4% | |
| Q4 2024 | -3.7% | -7.8% | -14.2% | |
| Q3 2024 | +19.1% | +9.7% | +8.8% | |
| Q2 2024 | +3.7% | +3.6% | +5.0% | |
| Q1 2024 | +2.1% | +6.2% | +16.7% | |
| Q4 2023 | +18.2% | +26.4% | +29.7% | |
| Q3 2023 | +0.1% | -2.1% | +23.0% | |
| Q2 2023 | +0.6% | -0.3% | -5.0% | |
| Q1 2023 | -1.7% | -6.2% | +10.1% | |
| Q4 2022 | +10.8% | +19.1% | +16.3% | |
| Q3 2022 | -5.3% | -4.6% | +16.7% | |
| Q2 2022 | +3.5% | +5.4% | -2.0% | |
| Q1 2022 | -5.9% | -5.9% | +4.9% | |
| Q4 2021 | -7.1% | -7.6% | -9.3% | |
| Q3 2021 | -8.2% | -9.0% | -17.5% | |
| Q2 2021 | -11.7% | -19.9% | -21.0% | |
| Q1 2021 | +3.0% | +1.1% | +42.5% | |
| Q4 2020 | +22.5% | +26.2% | +15.0% | |
| Q3 2020 | +13.9% | +11.0% | +17.6% | |
| Q2 2020 | -1.1% | -2.8% | -12.6% | |
| Q1 2020 | +4.6% | +3.7% | +18.8% | |
| Q4 2019 | -14.2% | -46.9% | -32.9% | |
| Q3 2019 | -2.0% | +11.5% | +22.4% | |
| Q2 2019 | +3.1% | +3.6% | -4.8% | |
| Q1 2019 | +4.1% | +4.3% | -1.2% | |
| Q4 2018 | +9.8% | +2.4% | -5.7% | |
| Q3 2018 | -7.1% | -14.2% | -16.9% | |
| Q2 2018 | +1.1% | +1.1% | -1.8% | |
| Q1 2018 | -2.6% | -2.6% | -3.0% | |
| Q4 2017 | +14.0% | +22.2% | +39.1% | |
| Q3 2017 | -3.4% | -5.3% | -6.8% | |
| Q2 2017 | -1.2% | -1.2% | +37.9% | |
| Q1 2017 | +1.6% | +8.7% | +22.2% | |
| Q4 2016 | -6.1% | -1.7% | +2.6% | |
| Q3 2016 | -2.2% | -2.9% | -8.1% | |
| Q2 2016 | +4.4% | +5.2% | +17.1% | |
| Q1 2016 | -6.7% | — | — | |
| Q4 2015 | -15.0% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +12.3% | — | — | |
| Q1 2015 | -17.3% | — | — | |
| Q4 2014 | -12.1% | — | — | |
| Q3 2014 | -12.4% | — | — | |
| Q2 2014 | +21.3% | — | — | |
| Q1 2014 | +22.2% | — | — | |
| Q4 2013 | +20.1% | — | — | |
| Q3 2013 | -10.2% | — | — | |
| Q2 2013 | -5.1% | — | — | |
| Q1 2013 | -8.4% | — | — | |
| Q4 2012 | +3.6% | — | — | |
| Q3 2012 | -10.3% | — | — | |
| Q2 2012 | +4.1% | — | — | |
| Q1 2011 | +1.0% | — | — | |
| Q1 2012 | +1.0% | — | — | |
| Q4 2011 | -2.7% | — | — | |
| Q4 2009 | -2.7% | — | — | |
| Q3 2010 | -11.6% | — | — | |
| Q3 2011 | -11.6% | — | — | |
| Q4 2010 | +10.5% | — | — | |
| Q2 2010 | +10.5% | — | — | |
| Q2 2011 | +10.5% | — | — | |
| Q1 2010 | -2.7% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro