Imaging services provider RadNet has posted mixed results for the third quarter (end-September 30).
Third-quarter revenues increased 2% to $133.4 million, compared with $130.9 million in the third quarter of 2008. The company also reported a loss of $1.7 million, compared with net income of $138,000 in last year’s third quarter.
On a same-center basis, including only centers that were part of RadNet for both the third quarters of 2009 and 2008, MRI volume increased 5.4%, CT volume rose 4%, and PET/CT volume gained 4.3%.
For the nine-month period, revenues totaled $392.6 million, up 6% compared with $371.3 million in the same period of 2008. The net loss was $2.9 million, compared with a net loss of $7.5 million in the year-ago period.
For the first nine months of 2009, MRI volume increased 9.9%, CT volume increased 7.5%, and PET/CT volume increased 5.1%.
Related Reading
RadNet grows revenue, trims loss, August 12, 2009
RadNet closes on nine-center purchase, June 15, 2009
RadNet posts good Q1 numbers, May 11, 2009
RadNet to buy 10 centers, April 20, 2009
RadNet posts Q2 loss despite revenue gains, August 11, 2008
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