secwatch.observer — SEC 8-K summary
======================================

Issuer:     RADIANT LOGISTICS, INC (RLGT)
CIK:        0001171155
Form:       8-K
Filed at:   2023-02-09T23:59:59+00:00
Accession:  0000950170-23-002344
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Radiant Logistics preliminary Q2 FY2023 rev $283.5M, net inc $6.7M; restatement ongoing
--------------------------------------------------------------------------------

- Preliminary Q2 rev $283.5M, gross profit $71.7M, net income $6.7M ($0.14 basic EPS).
- Adj net income $12.3M ($0.25 diluted), adj EBITDA $17.8M (23.6% of adj gross profit).
- Restatement expected to reduce fully diluted EPS by ~$0.01 in FY2021 and nine months FY2022.
- Acquired Cascade Enterprises (Oct 1, 2022); undisclosed terms; consolidating Minneapolis ops.
- Repurchased 620,347 shares at avg $5.90/$3.7M; cash $63.8M, total debt $53.7M (net debt zero).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1171155/000095017023002344/0000950170-23-002344-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1171155/000095017023002344/rlgt-20230209.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-002344

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer