secwatch.observer — SEC 8-K summary
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Issuer:     RADIANT LOGISTICS, INC (RLGT)
CIK:        0001171155
Form:       8-K
Filed at:   2022-10-04T23:59:59+00:00
Accession:  0000950170-22-019267
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 4.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radiant Logistics to restate prior financials; receives NYSE non-compliance notice for late 10-K
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- Restatement due to errors in accrual of in-transit revenues and costs; fiscal 2021 annual and all quarterly periods in 2021 and 2022 should no longer be relied upon.
- Preliminary FY2021 impact: Net income overstated by $0.4-0.5M, revenues understated $14.1-17.3M, total liabilities understated $21.5-26.3M.
- Adjusted EBITDA for FY2021 overstated by $0.5-0.7M from previously reported $48.8M.
- NYSE American issued notice for failure to timely file FY2022 10-K; company has up to 6 months to regain compliance.
- Company expects to file restated 10-K within 30 days.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171155/000095017022019267/0000950170-22-019267-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171155/000095017022019267/rlgt-20220928.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-019267

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