RadNet, Inc. is the leading national provider of freestanding, fixed-site diagnostic imaging services in the United States based on the number of locations and annual imaging revenue. It offers to its patients and referring physicians the full spectrum of diagnostic imaging exams, including PET/CT, MRI, CT, Nuclear Medicine, Mammography, Ultrasound and X-ray, as well as numerous other procedures. 

Company Growth (employees)
Type
Public
HQ
Los Angeles, US
Founded
1980
Size (employees)
5,265 (est)
Website
radnet.com
RadNet was founded in 1980 and is headquartered in Los Angeles, US

RadNet Office Locations

RadNet has offices in Los Angeles and Milford Mill
Los Angeles, US (HQ)
1510 Cotner Ave
Milford Mill, US
7253 Ambassador Rd

RadNet Data and Metrics

RadNet Financial Metrics

RadNet's revenue was reported to be $229 m in Q1, 2017
USD

Revenue (Q1, 2017)

229 m

Net income (Q1, 2017)

(860 k)

EBIT (Q1, 2017)

6.7 m

Market capitalization (25-Jul-2017)

363.2 m

Cash (31-Mar-2017)

8.3 m
RadNet's current market capitalization is $363.2 m.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

703 m717.6 m809.6 m884.5 m

Revenue growth, %

2%13%9%

Operating expense total

659.4 m664.3 m770.5 m846.1 m

EBIT

43.6 m53.3 m39.1 m38.5 m

EBIT margin, %

6%7%5%4%

Interest expense

45.8 m42.7 m41.7 m43.5 m

Pre tax profit

5.9 m3.7 m14.6 m12.4 m

Income tax expense

3.5 m2 m6 m4.4 m

Net Income

2.4 m1.7 m8.6 m8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

179.1 m184.1 m181.3 m204.3 m208.4 m216.4 m218.6 m224.6 m229 m

EBIT

15.6 m15.2 m(1.9 m)13.4 m17.2 m3 m8.1 m12.5 m6.7 m

EBIT margin, %

9%8%(1%)7%8%1%4%6%3%

Pre tax profit

6.5 m6.8 m(7.6 m)5.8 m13.5 m(2.6 m)5.6 m3.4 m(1.3 m)

Net Income

5.3 m4.5 m(4.5 m)3.6 m8.3 m(1.4 m)3.4 m2 m(860 k)
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

8.4 m307 k446 k20.6 m

Accounts Receivable

133.6 m148.2 m162.8 m164.2 m

Inventories

21 m24.7 m40.1 m28.4 m

Current Assets

176.3 m192 m230.5 m217.9 m

PP&E

218.5 m223.1 m256.7 m247.7 m

Goodwill

196.4 m200.3 m239.4 m239.6 m

Total Assets

722.6 m740.7 m838.4 m849.5 m

Total Debt

575.8 m570.5 m622.3 m4.5 m

Current Liabilities

118.4 m133.3 m157.7 m155.3 m

Non-Current Liabilities

602 m599.7 m643 m642.1 m

Total Liabilities

720.4 m733 m800.7 m797.4 m

Additional Paid-in Capital

198.4 m

Retained Earnings

(173.7 m)(172.3 m)(164.6 m)(150.2 m)

Total Equity

2.2 m7.7 m36.5 m52.1 m

Debt to Equity Ratio

260.5 x74.1 x17.1 x0.1 x

Debt to Assets Ratio

0.8 x0.8 x0.7 x0 x

Financial Leverage

327 x96.2 x23 x16.3 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

831 k274 k154 k5.3 m36.1 m410 k433 k358 k8.3 m

Accounts Receivable

147 m155 m153.3 m156 m159.2 m177.8 m165.1 m183.2 m169.5 m

Current Assets

188.3 m197.2 m194.3 m243.4 m256.3 m237.9 m222.6 m237.7 m208.4 m

PP&E

225.5 m225.6 m222.2 m225.9 m232.5 m254.9 m250.4 m249.4 m257.5 m

Goodwill

197.1 m200.3 m200.3 m196.7 m201.5 m240.7 m240.5 m240.6 m240 m

Total Assets

738.4 m748.5 m742.4 m788.5 m808.9 m845.7 m828.3 m843.4 m854 m

Current Liabilities

127.6 m131.5 m132.7 m128.3 m136.5 m154.5 m150.1 m152.6 m158.9 m

Additional Paid-in Capital

197.9 m201.6 m

Retained Earnings

(180.9 m)(176.5 m)(176.8 m)(173.4 m)(165.5 m)(166.3 m)(162.7 m)(161 m)(151.4 m)

Total Equity

2.6 m6.5 m12.2 m26.3 m37.5 m37 m40.3 m53.1 m

Financial Leverage

285.9 x113.5 x64.7 x30.7 x22.5 x22.4 x20.9 x16.1 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2.4 m1.7 m8.6 m8 m

Depreciation and Amortization

58.9 m59.3 m60.6 m66.6 m

Accounts Receivable

(32 m)(44 m)(35 m)(47.1 m)

Accounts Payable

(3.2 m)(9.1 m)(3.7 m)4.9 m

Cash From Operating Activities

66.4 m61 m67 m91.6 m

Purchases of PP&E

(48.6 m)(41.7 m)(43 m)(59.3 m)

Cash From Investing Activities

(50.7 m)(53.6 m)(96.8 m)(65.5 m)

Cash From Financing Activities

(7.6 m)(15.4 m)29.9 m(5.9 m)

Interest Paid

41.8 m41.6 m36 m37.5 m

Income Taxes Paid

1.1 m1.1 m1.8 m2.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

5.3 m4.5 m(4.5 m)3.6 m8.3 m(1.4 m)3.4 m2 m(860 k)

Depreciation and Amortization

15.2 m14.4 m14.3 m14.9 m14.6 m16.4 m15.8 m17.3 m16.7 m

Accounts Receivable

147 m155 m153.3 m156 m159.2 m177.8 m165.1 m183.2 m169.5 m
USDY, 2017

Revenue/Employee

43.5 k

Financial Leverage

16.1 x

RadNet Operating Metrics

RadNet's Imaging Centers was reported to be 305 in FY, 2016, which is a 2% increase from the previous period
FY, 2014FY, 2015FY, 2016

Procedures

5 m5.64 m6.11 m

Imaging Centers

259300305

RadNet Market Value History

RadNet Online and Social Media Presence

RadNet Company Life and Culture

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