Radiant Logistics reports record Q1 prelim revenue $331M, delayed 10-Q due to restatement

RADIANT LOGISTICS, INC

2023-Q1 EPS reported $0.17 revenue$330,971,000

Preliminary Q1 FY2023: revenue $331.0M, net income $8.0M ($0.16 diluted), adjusted EBITDA $18.5M.
10-Q delayed; restating FY2021 & FY2022 financials for in-transit revenue accrual errors; expects current filings by calendar year-end.
Acquired Cascade Enterprises effective Oct 1, 2022; structure includes earn-out; will combine with Minneapolis operations.
Repurchased 571,748 shares for $3.4M (avg $5.97) in 4 months to Oct 31; shares outstanding 48,315,935 as of Nov 1.
CEO cites signs of slowing economy but strong balance sheet with $26.5M cash and $19.7M net debt.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

RADIANT LOGISTICS, INC reported first fiscal quarter ended September 30, 2022 results: revenue $331.0 million, net income $8.0 million, EPS $0.17 per basic and $0.16 per fully diluted share.

Period: first fiscal quarter ended September 30, 2022
Revenue: $331.0 million
Net income: $8.0 million
EPS: $0.17 per basic and $0.16 per fully diluted share
Result: preliminary results

Exact text from the filing

Company’s first fiscal quarter ended September 30, 2022 as follows: Financial Highlights – Three Months Ended September 30, 2022 (Preliminary) • Revenues increased to a record $331.0 million for the first fiscal quarter ended September 30, 2022, up compared to revenues for the comparable prior year period. • Net revenues, a non-GAAP financial measure, increased to a

View on SEC.gov

Browse all earnings releases →

RADIANT LOGISTICS, INC filing history →

Source: SEC EDGAR

accession 0000950170-22-024001

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.