RadNet: Fourth Quarter Financial Results Overview

RadNet Inc. Announces Fourth Quarter Financial Results

RadNet Inc., headquartered in Los Angeles, disclosed on Monday that it experienced a net loss of $597,000 during the fourth quarter.

The company reported a per-share loss of $0.01. After adjusting for one-time expenses and costs associated with mergers and acquisitions, adjusted earnings stood at $0.23 per share.

These adjusted earnings exceeded analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had projected earnings of $0.19 per share.

RadNet, which operates a network of medical imaging centers, generated $547.7 million in revenue for the quarter, surpassing the $515.4 million anticipated by three Zacks analysts.

For the full year, RadNet reported a total loss of $18.7 million, or $0.25 per share, with annual revenue reaching $2.04 billion.

This article was produced by Automated Insights using financial data from Zacks Investment Research.