RDNT RSI Chart
Last 7 days
8.1%
Last 30 days
25.5%
Last 90 days
36.5%
Trailing 12 Months
90.0%
Historical Charts for Stock Metrics
Year | Q1 | Q2 | Q3 | Q4 |
---|---|---|---|---|
2023 | 1.5B | 1.5B | 1.6B | 1.6B |
2022 | 1.3B | 1.4B | 1.4B | 1.4B |
2021 | 1.1B | 1.2B | 1.3B | 1.3B |
2020 | 1.2B | 1.1B | 1.1B | 1.1B |
2019 | 1.0B | 1.1B | 1.1B | 1.2B |
2018 | 924.6M | 938.9M | 953.5M | 975.1M |
2017 | 897.2M | 908.6M | 911.6M | 922.2M |
2016 | 844.7M | 859.0M | 875.3M | 884.5M |
2015 | 730.0M | 755.2M | 779.5M | 809.6M |
2014 | 698.9M | 701.5M | 710.4M | 717.6M |
2013 | 219.3M | 380.6M | 541.8M | 703.0M |
2012 | 49.2M | 52.2M | 55.1M | 58.1M |
2011 | 46.3M | 46.3M | 46.2M | 46.2M |
2010 | 0 | 367.2M | 206.8M | 46.3M |
2009 | 0 | 0 | 0 | 527.6M |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
Mar 01, 2024 | forthuber stephen m | acquired | - | - | 17,434 | pres & coo-eastern operations |
Mar 01, 2024 | berger howard g | acquired | - | - | 40,236 | president, ceo |
Mar 01, 2024 | patel mital | acquired | - | - | 15,422 | evp, chief admin officer |
Mar 01, 2024 | katz david jeffrey | acquired | - | - | 15,422 | evp, chief legal officer |
Mar 01, 2024 | hames norman r | acquired | - | - | 17,434 | pres and coo-west operations |
Mar 01, 2024 | stolper mark | acquired | - | - | 14,072 | evp, chief financial officer |
Jan 09, 2024 | forthuber stephen m | acquired | - | - | 18,036 | pres & coo-eastern operations |
Jan 09, 2024 | gordon christine nayoma | acquired | - | - | 4,994 | - |
Jan 09, 2024 | murdock michael n | acquired | - | - | 9,711 | evp, mergers and acquisitions |
Jan 09, 2024 | patel mital | acquired | - | - | 15,954 | evp of fin planning, cao |
Which funds bought or sold RDNT recently?
View All DetailsDatesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
Mar 22, 2024 | PNC FINANCIAL SERVICES GROUP, INC. | reduced | -5.23 | 9,832 | 68,044 | -% |
Mar 21, 2024 | HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | sold off | -100 | -986,650 | - | -% |
Mar 11, 2024 | VANGUARD GROUP INC | added | 0.77 | 28,911,700 | 147,937,000 | -% |
Mar 01, 2024 | GOLDMAN SACHS GROUP INC | added | 107 | 32,678,100 | 53,661,400 | -% |
Feb 28, 2024 | AMERICAN INTERNATIONAL GROUP, INC. | added | 0.25 | 218,008 | 1,139,930 | -% |
Feb 26, 2024 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | added | 3.84 | 468,000 | 2,136,000 | 0.02% |
Feb 16, 2024 | PRICE T ROWE ASSOCIATES INC /MD/ | added | 4.46 | 256,000 | 1,142,000 | -% |
Feb 16, 2024 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | reduced | -13.87 | 1,334 | 15,334 | -% |
Feb 15, 2024 | Virtue Capital Management, LLC | reduced | -6.59 | 36,629 | 705,490 | 0.14% |
Feb 15, 2024 | Pier Capital, LLC | reduced | -1.41 | 1,702,280 | 9,583,410 | 1.37% |
Unveiling RadNet Inc's Major ShareHolders
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index
Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>
Returns of $10,000 invested in:
Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224
Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.
Peers (Alternatives to RadNet Inc)
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
DHR | 184.1B | 23.9B | 38.82 | 7.71 | ||||
IDXX | 44.8B | 3.7B | 53.05 | 12.25 | ||||
A | 43.2B | 6.7B | 34.96 | 6.42 | ||||
DGX | 14.5B | 9.3B | 16.99 | 1.57 | ||||
CRL | 13.8B | 4.1B | 29.14 | 3.35 | ||||
MEDP | 12.4B | 1.9B | 43.86 | 6.58 | ||||
EXAS | 12.1B | 2.5B | -59.47 | 4.86 | ||||
NTRA | 10.9B | 1.1B | -25.12 | 10.09 | ||||
MID-CAP | ||||||||
NEOG | 3.3B | 918.7M | 284.21 | 3.64 | ||||
GH | 2.2B | 563.9M | -4.56 | 3.88 | ||||
SMALL-CAP | ||||||||
CDNA | 544.7M | 280.3M | -2.86 | 1.94 | ||||
ACRS | 89.4M | 31.2M | -1.01 | 2.86 | ||||
AWH | 35.5M | 9.2M | -1.95 | 3.86 | ||||
APDN | 7.3M | 9.0M | -1.01 | 0.81 | ||||
BIOC | 183.8K | 25.9M | -0.01 | 0.01 |
RadNet Inc News
Income Statement (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Revenue | 4.6% | 420 | 402 | 404 | 391 | 384 | 350 | 354 | 342 | 333 | 333 | 334 | 315 | 308 | 292 | 191 | 282 | 301 | 293 | 289 | 272 | 257 |
Cost Of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 256 | 254 | 247 | 243 | 233 |
Operating Expenses | 10.4% | 396 | 359 | 379 | 384 | 362 | 343 | 335 | 343 | 331 | 300 | 306 | 304 | 288 | 269 | 216 | 290 | 278 | 276 | 267 | 264 | 258 |
EBITDA Margin | -1.1% | 0.14* | 0.14* | 0.13* | 0.13* | 0.15* | 0.14* | 0.15* | 0.15* | 0.16* | 0.17* | 0.16* | 0.15* | - | - | - | - | - | - | - | - | - |
Interest Expenses | 3.1% | 17.00 | 16.00 | 16.00 | 16.00 | 15.00 | 12.00 | 11.00 | 12.00 | 12.00 | 12.00 | 12.00 | 13.00 | 12.00 | 11.00 | 11.00 | 12.00 | 11.00 | 12.00 | 12.00 | 12.00 | 12.00 |
Income Taxes | -89.4% | 1.00 | 7.00 | -0.61 | 1.00 | 2.00 | 2.00 | 3.00 | 1.00 | 3.00 | 5.00 | 3.00 | 2.00 | 6.00 | 4.00 | -4.50 | -4.40 | 3.00 | 2.00 | 3.00 | -1.23 | -2.44 |
Earnings Before Taxes | -78.5% | 7.00 | 31.00 | 14.00 | -13.15 | 7.00 | 9.00 | 17.00 | 10.00 | 3.00 | 26.00 | 11.00 | 18.00 | 17.00 | 14.00 | -13.43 | -18.38 | 15.00 | 7.00 | 11.00 | -3.15 | 29.00 |
EBT Margin | -3.5% | 0.02* | 0.02* | 0.01* | 0.01* | 0.03* | 0.03* | 0.04* | 0.04* | 0.04* | 0.06* | 0.05* | 0.03* | - | - | - | - | - | - | - | - | - |
Net Income | -110.6% | -1.86 | 18.00 | 8.00 | -21.00 | -0.94 | 1.00 | 8.00 | 3.00 | -3.82 | 16.00 | 3.00 | 9.00 | 6.00 | 6.00 | -10.59 | -16.36 | 10.00 | 3.00 | 5.00 | -3.73 | 29.00 |
Net Income Margin | -25.0% | 0.00* | 0.00* | -0.01* | -0.01* | 0.01* | 0.01* | 0.02* | 0.01* | 0.02* | 0.03* | 0.02* | 0.01* | - | - | - | - | - | - | - | - | - |
Free Cashflow | 184.5% | 89.00 | 31.00 | 62.00 | 27.00 | 48.00 | 21.00 | 59.00 | -4.98 | 43.00 | 36.00 | 25.00 | 22.00 | - | - | - | - | - | - | - | - | - |
Balance Sheet | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Assets | 0.1% | 2,690 | 2,688 | 2,705 | 2,414 | 2,434 | 2,247 | 2,241 | 2,142 | 2,058 | 2,042 | 2,032 | 1,829 | 1,787 | 1,718 | 1,717 | 1,699 | 1,647 | 1,618 | 1,597 | 1,526 | 1,109 |
Current Assets | 0.1% | 579 | 579 | 603 | 343 | 367 | 325 | 319 | 289 | 324 | 340 | 335 | 223 | 270 | 259 | 248 | 280 | 241 | 240 | 234 | 216 | 209 |
Cash Equivalents | 1.4% | 343 | 338 | 357 | 91.00 | 128 | 95.00 | 99.00 | 71.00 | 135 | 151 | 141 | 31.00 | 102 | 89.00 | 85.00 | 94.00 | 40.00 | 38.00 | 31.00 | 10.00 | 10.00 |
Net PPE | 4.7% | 604 | 577 | 576 | 545 | 566 | 516 | 515 | 8.00 | 484 | 452 | 435 | 413 | 399 | 362 | 370 | 376 | 368 | 352 | 353 | 344 | 346 |
Goodwill | 0.5% | 679 | 676 | 688 | 0.00 | 678 | 80.00 | 578 | 11.00 | 514 | 503 | 502 | 0.00 | 473 | - | - | - | - | - | - | - | - |
Liabilities | -0.8% | 1,877 | 1,892 | 1,944 | 1,921 | 1,942 | 1,789 | 1,789 | 1,720 | 1,712 | 1,703 | 1,733 | 1,547 | 1,528 | 1,472 | 1,484 | 1,492 | 1,414 | 1,403 | 1,384 | 1,313 | 909 |
Current Liabilities | 7.5% | 437 | 407 | 434 | 407 | 467 | 409 | 405 | 381 | 375 | 371 | 381 | 403 | 398 | 374 | 382 | 328 | 327 | 310 | 293 | 301 | 240 |
Shareholder's Equity | 1.9% | 631 | 619 | 761 | 493 | 333 | 458 | 451 | 421 | 346 | 339 | 299 | 281 | 258 | 246 | 24.00 | 207 | 233 | 215 | 212 | 214 | 200 |
Retained Earnings | -2.4% | -79.58 | -77.72 | -95.26 | -103 | -82.62 | -81.69 | -82.35 | -90.26 | -93.27 | -89.45 | -105 | -108 | -118 | -123 | -130 | -119 | -103 | -113 | -116 | -121 | -117 |
Additional Paid-In Capital | 1.1% | 723 | 715 | 704 | 449 | 436 | 424 | 419 | 410 | 343 | 336 | 325 | 316 | 308 | 306 | 304 | 269 | 263 | 260 | 258 | 256 | 243 |
Shares Outstanding | -14.9% | 58.00 | 68.00 | 68.00 | 58.00 | 58.00 | 57.00 | 56.00 | 55.00 | 52.00 | 53.00 | 52.00 | 52.00 | - | - | - | - | - | - | - | - | - |
Minority Interest | 3.1% | 183 | 177 | 168 | 165 | 158 | 145 | 139 | 123 | 117 | 115 | 102 | 97.00 | 93.00 | 89.00 | 85.00 | 84.00 | 81.00 | 80.00 | 79.00 | 78.00 | 73.00 |
Float | - | - | - | 2,100 | - | - | - | 1,000 | - | - | - | 1,500 | - | - | - | 691 | - | - | - | 577 | - | - |
Cashflow (Quarterly) | ||||||||||||||||||||||
Description | (%) Q/Q | 2023Q4 | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 |
Cashflow From Operations | 184.5% | 88,920 | 31,252 | 68,075 | 32,616 | 53,647 | 27,026 | 64,843 | 901 | 49,196 | 41,594 | 30,617 | 28,084 | 63,416 | 38,878 | 90,552 | 40,913 | 21,719 | 38,068 | 17,635 | 26,900 | 28,896 |
Share Based Compensation | 25.0% | 5,405 | 4,325 | 4,870 | 12,185 | 4,658 | 3,317 | 4,693 | 11,102 | 3,637 | 4,421 | 8,897 | 8,248 | 2,261 | 2,066 | 1,456 | 6,622 | 1,767 | 1,381 | 1,044 | 4,538 | 1,105 |
Cashflow From Investing | -3.7% | -48,647 | -46,913 | -40,354 | -65,556 | -123,901 | -27,060 | -34,424 | -61,564 | -62,005 | -39,848 | -32,310 | -87,348 | -37,964 | -20,678 | -12,543 | -55,059 | -5,484 | -17,136 | -41,650 | -35,195 | -65,148 |
Cashflow From Financing | -1008.0% | -35,466 | -3,201 | 238,123 | -3,821 | 103,585 | -3,313 | -3,312 | -3,313 | -3,805 | 8,666 | 111,463 | -11,651 | -12,066 | -14,056 | -87,701 | 68,262 | -13,754 | -13,725 | 44,088 | 8,342 | 19,418 |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 12 Months Ended | ||
---|---|---|---|
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
REVENUE | |||
Service fee revenue | $ 1,616,630 | $ 1,430,061 | $ 1,315,077 |
Provider relief funding | 0 | 0 | 9,110 |
OPERATING EXPENSES | |||
Cost of operations, excluding depreciation and amortization | 1,395,239 | 1,264,346 | 1,123,274 |
Gain on contribution of imaging centers into joint venture | (16,808) | 0 | 0 |
Lease abandonment charges | 5,146 | 0 | 19,675 |
Depreciation and amortization | 128,391 | 115,877 | 96,694 |
Loss on sale and disposal of equipment and other | 2,187 | 2,529 | 1,246 |
Severance costs | 3,778 | 946 | 744 |
Total operating expenses | 1,517,933 | 1,383,698 | 1,241,633 |
INCOME FROM OPERATIONS | 98,697 | 46,363 | 82,554 |
OTHER INCOME AND EXPENSES | |||
Interest expense | 64,483 | 50,841 | 48,830 |
Equity in earnings of joint ventures | (6,427) | (10,390) | (10,967) |
Non-cash change in fair value of interest rate swaps | 8,185 | (39,621) | (21,670) |
Loss on extinguishment of debt and related expenses | 0 | 731 | 6,044 |
Other (income) expenses | (6,354) | 1,833 | 1,438 |
Total other expenses | 59,887 | 3,394 | 23,675 |
INCOME BEFORE INCOME TAXES | 38,810 | 42,969 | 58,879 |
Provision for income taxes | (8,473) | (9,361) | (14,560) |
NET INCOME | 30,337 | 33,608 | 44,319 |
Net income attributable to noncontrolling interests | 27,293 | 22,958 | 19,592 |
NET INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS | $ 3,044 | $ 10,650 | $ 24,727 |
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) | $ 0.05 | $ 0.19 | $ 0.47 |
BASIC NET INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) | $ 0.05 | $ 0.17 | $ 0.46 |
WEIGHTED AVERAGE SHARES OUTSTANDING | |||
Basic (in shares) | 63,580,059 | 56,293,336 | 52,496,679 |
Diluted (in shares) | 64,658,299 | 57,320,870 | 53,421,033 |
Impairment, Long-Lived Asset, Held-for-Use, Statement of Income or Comprehensive Income [Extensible Enumeration] | Other (income) expenses | Other (income) expenses | |
Service fee revenue | |||
REVENUE | |||
Service fee revenue | $ 1,463,197 | $ 1,278,016 | $ 1,166,743 |
Revenue under capitation arrangements | |||
REVENUE | |||
Service fee revenue | $ 153,433 | $ 152,045 | $ 148,334 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
---|---|---|
CURRENT ASSETS | ||
Cash and cash equivalents | $ 342,570 | $ 127,834 |
Accounts receivable | 163,707 | 166,357 |
Prepaid expenses and other current assets | 47,657 | 54,022 |
Total current assets | 579,276 | 367,184 |
PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS | ||
Property and equipment, net | 604,401 | 565,961 |
Operating lease right-of-use-assets | 596,032 | 603,524 |
Total property, equipment and right-of-use-assets | 1,200,433 | 1,169,485 |
OTHER ASSETS | ||
Goodwill | 679,463 | 677,665 |
Other intangible assets | 90,615 | 106,228 |
Deferred financing costs | 1,643 | 2,280 |
Investment in joint ventures | 92,710 | 57,893 |
Deposits and other | 46,333 | 53,172 |
Total assets | 2,690,473 | 2,433,907 |
CURRENT LIABILITIES | ||
Accounts payable, accrued expenses and other | 342,940 | 369,595 |
Deferred revenue | 4,647 | 4,021 |
Current portion of operating lease liability | 55,981 | 57,607 |
Current portion of notes payable | 17,974 | 12,400 |
Total current liabilities | 437,452 | 466,723 |
LONG-TERM LIABILITIES | ||
Long-term operating lease liability | 605,097 | 604,117 |
Notes payable, net of current portion | 812,068 | 839,344 |
Deferred tax liability, net | 15,776 | 9,256 |
Other non-current liabilities | 6,721 | 23,015 |
Total liabilities | 1,877,114 | 1,942,455 |
RadNet, Inc. stockholders' equity: | ||
Common stock - $.0001 par value, 200,000,000 shares authorized; 67,956,318 and 57,723,125 shares issued and outstanding at December 31, 2023 and 2022 respectively | 7 | 6 |
Additional paid-in-capital | 722,750 | 436,288 |
Accumulated other comprehensive loss | (12,484) | (20,677) |
Accumulated deficit | (79,578) | (82,622) |
Total RadNet, Inc.'s stockholders' equity | 630,695 | 332,995 |
Noncontrolling interests | 182,664 | 158,457 |
Total equity | 813,359 | 491,452 |
Total liabilities and equity | 2,690,473 | 2,433,907 |
Affiliates | ||
CURRENT ASSETS | ||
Due from affiliates | 25,342 | 18,971 |
CURRENT LIABILITIES | ||
Due to affiliates | $ 15,910 | $ 23,100 |
 | Dr. Howard G. Berger M.D. |
---|---|
 | www.radnet.com |
 | 9000 |