RadNet reported a revenue increase for its first quarter of 2023, yet it posted a net loss of $21 million compared with the same quarter last year.
RadNet's total revenue for the first quarter (end-March 31) was $391 million, an increase of 14.3% from $342 million in the first quarter of 2022. Net loss for the first quarter of 2023 was $21 million, compared with a diluted net income of $3 million for the first quarter of 2022, the company said.
A number of one-time items impacted the first quarter, RadNet said. These included $4.1 million in non-cash loss from interest rate swaps and $7.6 million in net pretax expenses related to its artificial intelligence division.
![Axial images from unenhanced calcium score cardiac CT (left) and curved planar reformation images from CT angiography (right) show that higher long-term exposure to air pollution is associated with greater coronary artery calcium and more obstructive coronary artery disease (CAD). Top row: Images in a 68-year-old male patient with higher 10-year mean ambient air pollution exposure (7.9 μg/m3 for particulate matter measuring ≤2.5 μm in diameter [PM2.5] and 17.4 parts per billion [ppb] for NO2) with extensive CAD (coronary artery calcium score [CACS] >1,000 and obstructive CAD [≥70% diameter stenosis]). Bottom row: Images in a 57-year-old female patient with lower 10-year mean ambient air pollution exposure (6.3 μg/m3 for PM2.5 and 4.6 ppb for NO2) with no CAD (CACS = 0 and no obstructive stenosis).](https://img.auntminnie.com/mindful/smg/workspaces/default/uploads/2026/06/hanneman.r6SMLzkezo.png?auto=format%2Ccompress&dpr=2&fit=crop&h=167&q=70&w=250)
