Radiant Logistics reports record Q4 adjusted EBITDA $14.1M; discloses material weaknesses in internal controls

RADIANT LOGISTICS, INC

Q4 revenue $257.9M (-6% YoY); net revenue record $62.8M (+25% YoY).
Net income $10.9M ($0.21 diluted) vs $4.7M ($0.09); adjusted net income $10.1M ($0.20).
Adjusted EBITDA record $14.1M vs $13.1M prior year; $1.9M in stock buyback in Q4.
Material weaknesses found in internal controls over revenue and operating partner commissions; remediation underway, no expected financial impact.
Annual meeting set for Nov 17, 2021; record date Sep 23, 2021; proposal deadline Sep 28.

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