NASDAQ$RDNT
Radnet Inc · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
RadNet reported record quarterly revenue and adjusted EBITDA.
RadNet's second quarter results showed strong performance in the core imaging center business, with revenue increasing by 13.8% and adjusted EBITDA increasing by 14.7%. The AI segment also demonstrated accelerated growth, with revenue up 52.8% compared to the previous year. RadNet has revised upwards its 2023 full year Imaging Center segment Revenue and Adjusted EBITDA guidance levels.
- Imaging Center segment Revenue increased 13.8% and Adjusted EBITDA increased 14.7% compared to last year's second quarter.
- AI revenue grew 52.8% compared with last year’s second quarter.
- One de novo facility was opened during the second quarter.
- Overall volume increased 11.4% over the prior year’s second quarter.
Headline financials
Revenue & EPS history
Radnet · Revenue · Quarterly
$404M
Forward guidance
RadNet has increased its guidance ranges in its core Imaging Center reporting segment for Revenue and Adjusted EBITDA to reflect the strong financial results in the first half of 2023 as compared with budget. Additionally, RadNet has lowered guidance ranges for Revenue and Adjusted EBITDA for the AI Segment to reflect delays resulting from optimizing the implementation of Enhanced Breast Cancer Detection program.
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 Q2 2023
+0.8%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+4.8%
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% | -0.1% | |
| 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% | — | — |
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