Market Summary
USD30.38+0.61
Market Closed2.05%
RDNT Stock Price
RDNT RSI Chart
RDNT Valuation
RDNT Price/Sales (Trailing)
RDNT Profitability
RDNT Fundamentals
RDNT Revenue
RDNT Earnings
Price Action
52 Week Range
12.0330.42
(Low)(High)
Last 7 days
5.1%
Last 30 days
9.6%
Last 90 days
21.2%
Trailing 12 Months
47.6%
RDNT Financial Health
RDNT Investor Care
Peers (Alternatives to RadNet)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
HCA | 75.7B | 60.9B | -1.42% | 30.28% | 13.2 | 1.24 | 1.94% | -15.77% |
LH | 20.7B | 14.8B | -3.99% | -12.29% | 16.22 | 1.39 | -6.96% | -52.35% |
DGX | 15.2B | 9.6B | -0.74% | -1.22% | 19.15 | 1.58 | -10.08% | -57.84% |
| MID-CAP | ||||||||
UHS | 9.9B | 13.6B | -4.97% | 10.44% | 14.64 | 0.74 | 5.04% | -26.87% |
EHC | 6.1B | 4.4B | -0.25% | 20.85% | 22.47 | 1.4 | 8.15% | -30.89% |
LHCG | 5.2B | 2.3B | 3.17% | 35.63% | 86.23 | 2.28 | 2.85% | -58.05% |
ENSG | 5.1B | 3.2B | -2.26% | 14.14% | 21.87 | 1.6 | 17.88% | 19.62% |
AMN | 4.0B | 4.8B | 18.04% | 0.73% | 10.48 | 0.83 | 3.57% | -4.88% |
GH | 3.3B | 482.2M | 40.46% | -21.84% | -5.08 | 6.9 | 23.29% | -70.12% |
AMED | 2.6B | 2.2B | 1.07% | -31.59% | 23.05 | 1.16 | 0.55% | -41.23% |
| SMALL-CAP | ||||||||
RDNT | 1.8B | 1.5B | 9.64% | 47.55% | -132.43 | 1.2 | 10.24% | -173.11% |
BKD | 675.8M | 2.9B | -8.42% | -37.57% | -3.69 | 0.23 | 7.97% | -101.02% |
ENZ | 107.7M | 81.1M | -14.67% | -8.68% | -3.06 | 1.33 | -31.36% | -11847.33% |
XGN | 52.0M | 46.4M | 21.18% | -39.53% | -1.16 | 1.12 | -3.55% | -44.93% |
PMD | 27.0M | 25.2M | -13.79% | -24.84% | -24.89 | 1.07 | 1.33% | -63.01% |
Financials for RadNet
| Income Statement (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Revenue | 3.4% | 1,479 | 1,430 | 1,379 | 1,362 | 1,342 |
| Operating Expenses | 2.9% | 1,424 | 1,384 | 1,353 | 1,310 | 1,281 |
| EBITDA | 6.5% | 210 | 197 | 210 | 199 | - |
| EBITDA Margin | 2.7% | 0.15* | 0.14* | 0.15* | 0.15* | - |
| Earnings Before Taxes | -53.5% | 20.00 | 43.00 | 39.00 | 57.00 | 51.00 |
| EBT Margin | 6.1% | 0.03* | 0.03* | 0.04* | 0.04* | - |
| Interest Expenses | 8.1% | 55.00 | 51.00 | 47.00 | 47.00 | 48.00 |
| Net Income | -225.5% | -13.37 | 11.00 | 8.00 | 23.00 | 18.00 |
| Net Income Margin | 32.3% | 0.01* | 0.01* | 0.02* | 0.01* | - |
| Free Cahsflow | 3.1% | 146 | 142 | 157 | 122 | - |
| Balance Sheet | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Assets | -0.8% | 2,414 | 2,434 | 2,247 | 2,241 | 2,142 |
| Current Assets | -6.7% | 343 | 367 | 325 | 319 | 289 |
| Cash Equivalents | -28.9% | 91.00 | 128 | 95.00 | 99.00 | 71.00 |
| Net PPE | -3.6% | 545 | 566 | 516 | 515 | 489 |
| Goodwill | 1.4% | 687 | 678 | 80.00 | 578 | 570 |
| Liabilities | -1.1% | 1,921 | 1,942 | 1,789 | 1,789 | 1,720 |
| Current Liabilities | -12.8% | 407 | 467 | 409 | 405 | 381 |
| Shareholder's Equity | 48.1% | 493 | 333 | 313 | 451 | 421 |
| Retained Earnings | -25.4% | -103 | -82.62 | -81.69 | -82.35 | -90.26 |
| Additional Paid-In Capital | 2.8% | 449 | 436 | 424 | 419 | 410 |
| Shares Outstanding | 8.8% | 58.00 | 54.00 | 57.00 | 57.00 | 56.00 |
| Minority Interest | 4.2% | 165 | 158 | 145 | 139 | 123 |
| Cashflow (Last 12 Months) | (In Millions) | |||||
|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 |
| Cashflow From Operations | 21.7% | 178 | 146 | 142 | 157 | 122 |
| Share Based Compensation | 4.6% | 25.00 | 24.00 | 23.00 | 24.00 | 28.00 |
| Cashflow From Investing | -1.6% | -250 | -246 | -185 | -197 | -195 |
| Cashflow From Financing | -0.5% | 93.00 | 94.00 | -13.74 | -1.76 | 113 |
Risks for RDNT
What is the probability of a big loss on RDNT?
80.4%
Probability that RadNet stock will be more than 20% underwater in next one year
60%
Probability that RadNet stock will be more than 30% underwater in next one year.
36.9%
Probability that RadNet stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does RDNT drawdown profile look like?
Y-axis is the maximum loss one would have experienced if RadNet was unfortunately bought at previous high price.
Drawdowns
Returns for RDNT
Cumulative Returns on RDNT
28.3%
10-Year Cumulative Returns
28.5%
7-Year Cumulative Returns
19.0%
5-Year Cumulative Returns
21.4%
3-Year Cumulative Returns
What are the long-term rolling returns for RDNT?
FIve years rolling returns for RadNet.
Annualized Returns
Which funds bought or sold RDNT recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-05-23 | ROYCE & ASSOCIATES LP | reduced | -2.72 | 2,576,930 | 11,368,800 | 0.11% |
2023-05-22 | PUTNAM INVESTMENTS LLC | reduced | -0.58 | 1,218,560 | 5,007,880 | 0.01% |
2023-05-22 | AMERIPRISE FINANCIAL INC | reduced | -2.58 | 1,372,720 | 6,026,720 | -% |
2023-05-18 | JPMORGAN CHASE & CO | added | 94.27 | 3,766,000 | 6,145,000 | -% |
2023-05-18 | NEW YORK STATE COMMON RETIREMENT FUND | reduced | -30.09 | -49,000 | 649,000 | -% |
2023-05-17 | Advisory Services Network, LLC | unchanged | - | 5,084 | 20,525 | -% |
2023-05-17 | Thrivent Financial for Lutherans | reduced | -3.39 | 267,000 | 1,209,000 | -% |
2023-05-16 | JANE STREET GROUP, LLC | new | - | 499,699 | 499,699 | -% |
2023-05-16 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | added | 140 | 543,391 | 790,497 | -% |
2023-05-16 | SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | reduced | -23.3 | 6,894 | 359,731 | 0.01% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
RadNet News
Schedule 13G FIlings of RadNet
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Feb 09, 2023 | vanguard group inc | 6.04% | 3,466,238 | SC 13G/A | |
| Feb 08, 2023 | beck mack & oliver llc | 5.6% | 3,222,494 | SC 13G | |
| Jan 23, 2023 | blackrock inc. | 12.2% | 6,976,634 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 5.89% | 3,145,333 | SC 13G/A | |
| Jan 27, 2022 | blackrock inc. | 12.0% | 6,410,361 | SC 13G/A | |
| Jan 25, 2022 | blackrock inc. | 12.0% | 6,410,361 | SC 13G/A | |
| Aug 03, 2021 | jb capital partners lp | 4.02% | 2,117,095 | SC 13D/A | |
| Feb 10, 2021 | vanguard group inc | 5.18% | 2,673,250 | SC 13G/A | |
| Feb 08, 2021 | fmr llc | - | 0 | SC 13G/A | |
| Jan 27, 2021 | blackrock inc. | 12.7% | 6,540,626 | SC 13G/A |
RDNT Fair Value
Recent SEC filings of RadNet
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| May 25, 2023 | 4 | Insider Trading | |
| May 24, 2023 | DEFA14A | DEFA14A | |
| May 16, 2023 | 4 | Insider Trading | |
| May 11, 2023 | 8-K | Current Report | |
| May 10, 2023 | 10-Q | Quarterly Report | |
| May 08, 2023 | 4 | Insider Trading | |
| May 08, 2023 | 4/A | Insider Trading | |
| May 02, 2023 | ARS | ARS | |
| Apr 28, 2023 | DEF 14A | DEF 14A | |
| Apr 26, 2023 | 8-K | Current Report |
Latest Insider Trading transactions for RDNT
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-05-23 | Gordon Christine Nayoma | sold | -138,413 | 28.34 | -4,884 | - |
2023-05-12 | STOLPER MARK | gifted | - | - | -900 | executive vp and cfo |
2023-05-04 | STOLPER MARK | gifted | - | - | -375 | executive vp and cfo |
2023-03-16 | Forthuber Stephen M | sold | -230,168 | 23.0168 | -10,000 | pres & coo-eastern operations |
2023-03-03 | Villigerwilson Ruth Louisa | sold | -443,248 | 24.9352 | -17,776 | - |
2023-01-03 | Patel Mital | acquired | - | - | 15,423 | evp, chief admin officer |
2023-01-03 | Jayanathan Ranjan | acquired | - | - | 26,316 | chief information officer |
2023-01-03 | Gordon Christine Nayoma | acquired | - | - | 8,772 | - |
2023-01-03 | Murdock Michael N | acquired | - | - | 15,790 | evp. chief development offcr |
2023-01-03 | Forthuber Stephen M | acquired | - | - | 17,435 | pres & coo-eastern operations |
RadNet, Inc., together with its subsidiaries, provides outpatient diagnostic imaging services in the United States. Its services include magnetic resonance imaging, computed tomography, positron emission tomography, nuclear medicine, mammography, ultrasound, diagnostic radiology, fluoroscopy, and other related procedures, as well as multi-modality imaging services. The company also develops and sells computerized systems for the diagnostic imaging industry, including picture archiving communications systems and related services; and develops and deploys AI suites to enhance radiologist interpretation of images in the field of mammography, as well as AI solutions for lung and prostate cancer. As of December 31, 2021, it owned and managed 347 centers in Arizona, California, Delaware, Florida, Maryland, New Jersey, and New York. The company was founded in 1981 and is headquartered in Los Angeles, California.
RDNT Income Statement
2023-03-31CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands | 3 Months Ended | |
|---|---|---|
Mar. 31, 2023 | Mar. 31, 2022 | |
| REVENUE | ||
| Total service revenue | $ 390,564 | $ 341,767 |
| OPERATING EXPENSES | ||
| Cost of operations, excluding depreciation and amortization | 351,865 | 315,039 |
| Depreciation and amortization | 31,315 | 27,118 |
| Loss on sale and disposal of equipment and other | 579 | 1,128 |
| Severance costs | 134 | 201 |
| Total operating expenses | 383,893 | 343,486 |
| INCOME (LOSS) FROM OPERATIONS | 6,671 | (1,719) |
| OTHER INCOME AND EXPENSES | ||
| Interest expense | 15,722 | 11,593 |
| Equity in earnings of joint ventures | (1,428) | (2,517) |
| Non-cash change in fair value of interest rate hedge | 4,093 | (20,819) |
| Other expenses | 1,432 | 165 |
| Total other expense (income) | 19,819 | (11,578) |
| (LOSS) INCOME BEFORE INCOME TAXES | (13,148) | 9,859 |
| Provision for income taxes | (1,135) | (1,496) |
| NET (LOSS) INCOME | (14,283) | 8,363 |
| Net income attributable to noncontrolling interests | 6,722 | 5,350 |
| NET (LOSS) INCOME ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS | $ (21,005) | $ 3,013 |
| BASIC NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) | $ (0.36) | $ 0.05 |
| DILUTED NET (LOSS) INCOME PER SHARE ATTRIBUTABLE TO RADNET, INC. COMMON STOCKHOLDERS (in dollars per share) | $ (0.36) | $ 0.05 |
| WEIGHTED AVERAGE SHARES OUTSTANDING | ||
| Basic (in shares) | 57,701,439 | 55,303,007 |
| Diluted (in shares) | 57,701,439 | 56,362,193 |
| Service fee revenue | ||
| REVENUE | ||
| Total service revenue | $ 352,420 | $ 303,276 |
| Revenue under capitation arrangements | ||
| REVENUE | ||
| Total service revenue | $ 38,144 | $ 38,491 |
RDNT Balance Sheet
2023-03-31CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Mar. 31, 2023 | Dec. 31, 2022 |
|---|---|---|
| CURRENT ASSETS | ||
| Cash and cash equivalents | $ 90,844 | $ 127,834 |
| Accounts receivable | 176,354 | 166,357 |
| Due from affiliates | 20,387 | 18,971 |
| Prepaid expenses and other current assets | 55,100 | 54,022 |
| Total current assets | 342,685 | 367,184 |
| PROPERTY, EQUIPMENT AND RIGHT-OF-USE ASSETS | ||
| Property and equipment, net | 545,492 | 565,961 |
| Operating lease right-of-use assets | 623,309 | 603,524 |
| Total property, equipment and right-of-use assets | 1,168,801 | 1,169,485 |
| OTHER ASSETS | ||
| Goodwill | 687,085 | 677,665 |
| Other intangible assets | 103,003 | 106,228 |
| Deferred financing costs | 2,122 | 2,280 |
| Investment in joint ventures | 59,321 | 57,893 |
| Deposits and other | 51,052 | 53,172 |
| Total assets | 2,414,069 | 2,433,907 |
| CURRENT LIABILITIES | ||
| Accounts payable, accrued expenses and other | 296,727 | 369,595 |
| Due to affiliates | 31,548 | 23,100 |
| Deferred revenue | 4,343 | 4,021 |
| Current operating lease liability | 58,590 | 57,607 |
| Current portion of notes payable | 15,935 | 12,400 |
| Total current liabilities | 407,143 | 466,723 |
| LONG-TERM LIABILITIES | ||
| Long-term operating lease liability | 623,538 | 604,117 |
| Notes payable, net of current portion | 852,354 | 839,344 |
| Deferred tax liability, net | 10,410 | 9,256 |
| Other non-current liabilities | 27,523 | 23,015 |
| Total liabilities | 1,920,968 | 1,942,455 |
| EQUITY | ||
| Common stock - $0.0001 par value, 200,000,000 shares authorized; 58,270,290 and 57,723,125 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively | 6 | 6 |
| Additional paid-in-capital | 448,522 | 436,288 |
| Accumulated other comprehensive loss | (16,978) | (20,677) |
| Accumulated deficit | (103,628) | (82,622) |
| Total RadNet, Inc.'s stockholders' equity | 327,922 | 332,995 |
| Noncontrolling interests | 165,179 | 158,457 |
| Total equity | 493,101 | 491,452 |
| Total liabilities and equity | $ 2,414,069 | $ 2,433,907 |