secwatch.observer — SEC 8-K summary
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Issuer:     RADIANT LOGISTICS, INC (RLGT)
CIK:        0001171155
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-024001
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171155/000095017022024001/0000950170-22-024001-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171155/000095017022024001/rlgt-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-024001

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