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. radnet has a network of 340+ owned and/or operated outpatient imaging centers. radnet's core markets include california, delaware, maryland, new jersey, and new york. together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, radnet has a total of approximately 7,300 employees.
Company profile
Ticker
RDNT
Exchange
Website
CEO
Howard G. Berger
Employees
Incorporated
Location
Fiscal year end
Sector
Industry (SIC)
Former names
PRIMEDEX HEALTH SYSTEMS INC
SEC CIK
Corporate docs
Subsidiaries
Radnet Managed Imaging Services, Inc. • Radnet Management, Inc. • Radnet Management I, Inc. • Radnet Management II, Inc. • Radnet Sub, Inc. • Beach Imaging Group, LLC • Diagnostic Village, LLC • FRI II, Inc. • FRI, Inc. • Glendale Advanced Imaging Center, LLC ...
IRS number
133326724
RDNT stock data
Latest filings (excl ownership)
8-K
Results of Operations and Financial Condition
13 Nov 23
10-Q
2023 Q3
Quarterly report
9 Nov 23
S-8
Registration of securities for employees
9 Aug 23
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
RadNet Reports Second Quarter Financial Results, with Record Quarterly Revenue and Adjusted EBITDA(1), and Updates 2023 Financial Guidance Ranges
9 Aug 23
8-K
Other Events
16 Jun 23
424B5
Prospectus supplement for primary offering
14 Jun 23
424B5
Prospectus supplement for primary offering
13 Jun 23
8-K
Departure of Directors or Certain Officers
7 Jun 23
DEFA14A
Additional proxy soliciting materials
24 May 23
Transcripts
RDNT
Earnings call transcript
2023 Q3
9 Nov 23
RDNT
Earnings call transcript
2023 Q2
8 Aug 23
RDNT
Earnings call transcript
2023 Q1
9 May 23
RDNT
Earnings call transcript
2022 Q4
28 Feb 23
RDNT
Earnings call transcript
2022 Q3
9 Nov 22
RDNT
Earnings call transcript
2022 Q2
13 Aug 22
RDNT
Earnings call transcript
2022 Q1
9 May 22
RDNT
Earnings call transcript
2021 Q4
1 Mar 22
RDNT
Earnings call transcript
2021 Q3
8 Nov 21
RDNT
Earnings call transcript
2021 Q2
9 Aug 21
Latest ownership filings
4
Michael N Murdock
7 Dec 23
4
Lawrence L Levitt
7 Dec 23
144
Notice of proposed sale of securities
5 Dec 23
4
Christine Nayoma Gordon
28 Nov 23
4
Michael N Murdock
20 Nov 23
3
Alma Gregory Sorenson
18 Aug 23
4
Mital Patel
9 Aug 23
4
DAVID L SWARTZ
9 Jun 23
4
GREGORY E. SPURLOCK
9 Jun 23
4
Lawrence L Levitt
9 Jun 23
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Diluted EPS |
| Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
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| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 337.88 mm | 337.88 mm | 337.88 mm | 337.88 mm | 337.88 mm | 337.88 mm |
| Cash burn (monthly) | 6.26 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
| Cash used (since last report) | 14.42 mm | n/a | n/a | n/a | n/a | n/a |
| Cash remaining | 323.46 mm | n/a | n/a | n/a | n/a | n/a |
| Runway (months of cash) | 51.7 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q3 2023
77.3% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 188 |
| Opened positions | 37 |
| Closed positions | 31 |
| Increased positions | 75 |
| Reduced positions | 46 |
| 13F shares | Current |
|---|---|
| Total value | 1.46 tn |
| Total shares | 52.46 mm |
| Total puts | 92.30 k |
| Total calls | 120.20 k |
| Total put/call ratio | 0.8 |
| Largest owners | Shares | Value |
|---|---|---|
| BLK Blackrock | 8.92 mm | $251.43 bn |
| Vanguard | 4.22 mm | $119.02 bn |
| Beck Mack & Oliver | 3.25 mm | $91.53 bn |
| STT State Street | 2.19 mm | $61.84 bn |
| JB Capital Partners | 2.13 mm | $59.97 bn |
| Edmond De Rothschild Holding | 1.71 mm | $48.30 bn |
| Point72 Asset Management | 1.70 mm | $48.03 bn |
| Dimensional Fund Advisors | 1.67 mm | $47.15 bn |
| Global Alpha Capital Management | 1.53 mm | $43.22 bn |
| IVZ Invesco | 1.47 mm | $41.49 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 6 Dec 23 | Levitt Lawrence L | Common Stock | Gift | Dispose G | No | No | 0 | 5,700 | 0.00 | 190,066 |
| 5 Dec 23 | Michael N Murdock | Common Stock | Sell | Dispose S | No | No | 35.02 | 10,115 | 354.23 k | 68,432 |
| 27 Nov 23 | Christine Nayoma Gordon | Common Stock | Sell | Dispose S | No | No | 32.4 | 3,000 | 97.20 k | 10,385 |
| 20 Nov 23 | Michael N Murdock | Common Stock | Gift | Dispose G | No | No | 0 | 5,000 | 0.00 | 78,547 |
Press releases
RadNet Unveils DeepHealth, a Pioneering AI-Powered Health Informatics Portfolio
27 Nov 23
RadNet, Inc. to Present at the BofA Securities 2023 Leveraged Finance Conference on November 28, 2023
27 Nov 23
Maverick Medical AI Partners with RadNet to Launch AI-powered Medical Coding Across U.S. Imaging Sites
26 Nov 23
RadNet, Inc. to Present at the Sidoti & Company Fall 2023 Virtual Conference on Thursday, November 16th
15 Nov 23
RadNet Reports Third Quarter Financial Results and Revises Upwards 2023 Financial Guidance Range for Adjusted EBITDA
8 Nov 23