RadNet Inc. (RDNT) Posts Q1 Results, Increases Profit by 17%
RadNet Inc., a national market leader providing high-quality, cost-effective diagnostic imaging services, today posted its financial results for the first quarter of 2011. Revenue for the first quarter increased 17.7 percent to $146.2 million compared to $124.2 million reported in the first quarter of the year prior. Net loss for the quarter was $867,000, or $(0.02) per share, compared to a net loss of $(0.11) per share in the first quarter of 2011. Dr. Howard Berger, president and CEO of RadNet, said the first quarter is generally the most difficult as it is affected by weather in the northeastern United…