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RDNT Radnet

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 334 owned and/or operated outpatient imaging centers. RadNet's core markets include California, Maryland, Delaware, New Jersey, New York and Arizona. In addition, RadNet provides radiology information technology solutions, teleradiology professional services and other related products and services to customers in the diagnostic imaging industry. Together with affiliated radiologists, and inclusive of full-time and per diem employees and technicians, RadNet has a total of approximately 8,600 employees.

Company profile

Ticker
RDNT
Exchange
Website
CEO
Howard Berger
Employees
Incorporated
Location
Fiscal year end
Former names
PRIMEDEX HEALTH SYSTEMS INC
SEC CIK
IRS number
133326724

RDNT stock data

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Calendar

10 May 21
2 Aug 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Radnet earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 31.09M 31.09M 31.09M 31.09M 31.09M 31.09M
Cash burn (monthly) 23.64M 5.27M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 96.87M 21.58M n/a n/a n/a n/a
Cash remaining -65.78M 9.51M n/a n/a n/a n/a
Runway (months of cash) -2.8 1.8 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Jul 21 Hames Norman R Common Stock Sell Dispose S No Yes 33.6591 35,000 1.18M 300,160
10 Jun 21 Ruth Louisa Villigerwilson Common Stock Sell Dispose S No No 31.51 15,000 472.65K 20,160

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

66.5% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 142 144 -1.4%
Opened positions 14 16 -12.5%
Closed positions 16 12 +33.3%
Increased positions 49 48 +2.1%
Reduced positions 57 50 +14.0%
13F shares
Current Prev Q Change
Total value 943.09M 1.54B -38.7%
Total shares 35.06M 34.75M +0.9%
Total puts 25.9K 13.7K +89.1%
Total calls 51.8K 22.9K +126.2%
Total put/call ratio 0.5 0.6 -16.4%
Largest owners
Shares Value Change
BLK Blackrock 6.55M $142.43M +0.1%
JB Capital Partners 3.32M $72.25M NEW
Vanguard 2.89M $62.9M +8.2%
Beck Mack & Oliver 2.07M $44.98M +2.0%
Dimensional Fund Advisors 1.49M $32.5M -3.4%
STT State Street 1.39M $30.23M +1.0%
Renaissance Technologies 1.31M $28.45M -9.1%
American Century Companies 1.17M $25.39M +3.8%
FMR 972.29K $21.15M -4.6%
SAMG Silvercrest Asset Management 917.68K $19.96M +14.0%
Largest transactions
Shares Bought/sold Change
JB Capital Partners 3.32M +3.32M NEW
Weber Alan W 0 -3.32M EXIT
Dalton Greiner Hartman Maher & Co 66.73K -307.01K -82.1%
Vanguard 2.89M +218.5K +8.2%
GS Goldman Sachs 414.57K +191.99K +86.3%
TFC Truist Financial 0 -174.2K EXIT
Assenagon Asset Management 251.51K +137.21K +120.0%
Renaissance Technologies 1.31M -130.4K -9.1%
HNNA Hennessy Advisors 0 -124.1K EXIT
Russell Investments 466.61K +114.99K +32.7%

Financial report summary

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Management Discussion
  • ITEM 2.  Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • You should read the following discussion and analysis of our financial condition and results of operations in conjunction with our unaudited condensed consolidated financial statements and notes thereto included in Part I, Item 1 of this Quarterly Report on Form 10-Q and with our audited consolidated financial statements and notes thereto for the year ended December 31, 2020 included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2020 filed with the U.S. Securities and Exchange Commission (SEC) on March 15, 2021.
  • This quarterly report on Form 10-Q contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements reflect current views about future events and are based on our currently available financial, economic and competitive data and on current business plans. Actual events or results may differ materially depending on risks and uncertainties that may affect our operations, markets, services, prices and other factors.
Content analysis
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Positive
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Legalese
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Readability
H.S. sophomore Avg
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