Imaging Centers Operator RadNet Q3 Earnings: Strong Q3 Performance On Positive Trends, Raises Annual Outlook

On Sunday, RadNet, Inc. (NASDAQ:RDNT) reported revenue of $461.1 million for the third quarter of 2024, beating the consensus of $437.88 million.

Revenue from the Digital Health reportable segment increased 34.3% to $16.4 million, partly due to a $2.2 million increase in AI Revenue, which climbed to $5.1 million during the third quarter. The increase was mainly due to the continuing success of the rollout of the Enhanced Breast Cancer Detection DeepHealth AI-powered screening mammography program.

Aggregate procedural volumes in the third quarter of 2024 increased 9%, and same-center procedural volumes increased 5.5% compared with the third quarter of 2023.

Howard Berger, President and CEO of RadNet, commented, “We continue ...