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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 460M | 6.5% |
Gross Profit | 456M | 6.7% |
Cost of Revenue | 3.4M | 19.1% |
Operating expense | 425M | 1.1% |
Net Income | -3M | 7.3% |
EBITDA | 29M | 84.1% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 3.23B | 8.8% |
Total Liabilities | 2.14B | 12.9% |
Total Equity | 881M | 0.9% |
Shares Outstanding | 74M | 0.1% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 116M | 579% |
Cash from investing | -77M | 26.9% |
Cash from financing | 176M | 22.9% |
EPS
Financial Highlights for Radnet in Q2 '24
Radnet reported a revenue of 460M, which is a 6.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 456M, marking a 6.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.4M, a -19.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 425M, showing a 1.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was -3M, showing a -7.3% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 29M, showing a 84.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
Radnet faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. Higher operating expenses might indicate increased investments or potential inefficiencies.